Functional Features

Sweep

This feature provides the cash pooling service for the concentration of bank account balances belonging to a company or a group of companies. On an agreed, regular basis the balance of the sweep account is automatically swept to the concentration account. In the case of a negative balance, funds are automatically topped from the concentration account to the sweep account.

This feature is provided for automated movement of funds across global multiple third-party bank accounts across currencies, accounts, banks, and geographic regions. Multi Bank Cash Concentration is achieved through SWIFT using MT940\MT941, MT942, CAMT.052, and CAMT.053 These MT Messages parse and validated to derive necessary information as needed.

This is feature supports for following ways:

Support for Single currency, Cross currency Loans
Loan type supported based on duration -Short Term, Long Term and On Demand Loans
Revolving, Non-Revolving Loans
Fixed and Floating rate of Interest for Loans
Customer Level Sub Limits & Overall Limits Tracking
Interest Accrual for the Loans can be on a Daily or Monthly basis
Liquidation of Loans
Interest capitalization for cross currency loans, with FX rate of the day
Loan Settlement can be Auto, Manual

Pool

This feature is supported when multiple currencies are involved in sweeping, the transaction costs of converting all currencies to a single currency every day would exceed the benefit. In such a scenario corporate opt for Notional pooling. Under a notional pooling arrangement, balances remain on participant accounts. However, the bank charges or credits interest on the net balance of the pooled accounts, as opposed to each account individually, therefore mitigating the cost of overdrafts on participant accounts by offsetting credit balances on others.

Structure Maintenance

This feature allows Banks and Customers to create Sweep, Pool, and Hybrid structures by adding multiple accounts under the structure. This structure can be created by the bank user or by the customer through channels.

Simulation

This feature provided the facility for Banks and Customers to simulate the Sweep, Pool, and Hybrid structure by adding the multiple accounts under the simulation structure. The simulated structure can be converted into the actual structure for real time use.

Interest Optimization

This feature supports a large corporate having multiple subsidiaries operating in different geographies wants to manage their liquidity efficiently. They want to pool the funds across subsidiaries operating in different geographies. As pooling of funds for accounts in cross currencies and in different geographies might have certain restrictions, Future Bank Ltd offers them with their interest optimization functionality.

This feature provide facility for Banks and Customers to create the Interest Optimization Structure and Interest Optimization Simulation Structure.

Real Time Liquidity Structure

This feature provides the mechanism\tool which allows corporate to utilize the liquidity (positive balance) available in one account for operational purpose elsewhere on an intraday basis. Real Time Liquidity allows to utilize the corporate liquidity spread across a group of customer accounts.

Enquiry

Monitors

This feature helps the user to inquire the details and download the data in an excel format from the respective monitor screens.

Exception Monitor
Interest Accrual Monitor
Interface Monitor
MBCC Monitor
Pending Authorization
Pool Monitor
Reallocation Monitor
Reverse Sweep Monitor
Structure Query
Sweep Monitor

Batches

This feature helps the user to invoke the structure maintenance created for sweep and Pool in for following batch.

Account Pair Sweep
Manual Status Update
Pool Batch
Structure Sweep

Advices

This feature will help them in making better business decisions, monitoring transactions and managing their liquidity efficiently. To cater to these needs Oracle Banking Liquidity Management facilitates with Interest paid advice and Interest reallocation advice.

Dashboard

Banker Dashboard

Following dashboard widgets are provided which can be configured for a user role:

Alerts
Currency Wise Liability
Top Five Customers Effective Balances
Top Five Customers - Sweep Volume in Numbers
Top Five Cross Border Sweeps
Pending Task
Exception List

RM Dashboard

Following dashboard widgets are provided which can be configured for a user role:

Account Map
Currency Balances - Past 30 days
Scheduled Sweeps – Today

Back Value Dated Transactions

This feature support 'Back Value Dated'(BVT) transactions in the child accounts, for any back value dated transactions posted/ reversal affected system will rework the interest calculations and interest reallocations from that day (BVT date) taking into consideration

DDA Handoff

This feature is a standalone system with accounts and balances being mirrored from DDA\s. The actual accounts and balances are on DDA.

This feature supports two modes of balance update:

Online
Offline

Bulk File Upload

File upload facility has been provided for the following activities to support bulk processing:

Account Setup File Upload
Bank Setup File Upload
Branch Setup File Upload
Country Definition File Upload
Currency Cutoff File Upload
Currency Definition File Upload
Customer Setup File Upload
Interface Setup File Upload
VD Balance File Upload
Sweep Instruction File Upload

Day Zero Configurations

Following configuration screens are provided for setting up the day zero configurations required for Liquidity Management:

Account Group
Account Parameters
Account Special Rate
Application Parameters
Bank Parameters
Branch Parameters
Country Parameters
Currency Parameters
Customer Parameters
Frequency
Interface Instruction
MBCC Currency Cutoff
Payment Instruction
Sweep Instruction
User Linkage

Following Third Party screens can also setup in Oracle Banking Liquidity Management maintenance:

Third Party Account Parameters
Third Party Bank Parameters
Third Party Branch Parameters

Liquidity Management Charges

This feature is provided to enable the user quickly to get acquainted with the different types of charge supported for account usage in Oracle Banking Liquidity Management.

Liquidity Management supports the following charges:

Onetime Liquidity Management setup charges: These are one-time flat charges configured whenever a customer is on-boarded for liquidity management..
Structure Setup Charge: These are flat charges configured per account structure creation. Different charges can be setup based on the type of structure (Sweep, Pool, and Hybrid).
Maintenance Charge for Liquidity Management Usage: These are flat periodic charges configured for liquidity management usage.
Structure Maintenance Charges by Structure: These are flat periodic charges configured for account structure maintenance and are charged by structure. Different charges can be setup based on the type of structure (Sweep, Pool, and Hybrid).
Structure Maintenance Charges by Accounts: These are periodic tier or slab-based charges configured for account structure maintenance and are charged by number of accounts in a structure. Different charges can be setup based on the type of structure (Sweep, Pool, and Hybrid).
Structure Execution Charges based on number of sweep executions: These are periodic tier or slab-based charges configured based on number of sweep executions per structure. This is applicable only for sweep structures.
Tax on Charges: These are taxes which are configured on charges.

NLS Changes

Application has been enhanced with Natural Language Support for French, Arabic, Spanish, Portuguese, Chinese and Traditional Chinese.
Application menus, screens, Alerts, LOVs, etc. would be displayed (translated) based on the language preferences provided by the User on the User Maintenance screen.