3.3.4 Interest Optimization

This topic provides the information about the Interest Optimization maintenance.

Interest Optimization enables the bank to offer additional interest income to customers with accounts that have balances beyond a pre-set threshold. Bank will be able to set up currency wise interest rates that the pool of accounts would additionally earn if their balance is beyond the threshold amount. Bank can nominate an account where the additional interest income is credited.

Specify User ID and Password, and login to Home screen.

1. On Home screen, click Oracle Banking Liquidity Management System. Under Oracle Banking Liquidity Management System, click Structure.
2. Under Structure, click Interest Optimization.
   The Interest Optimization Summary screen displays.

   Figure 3-1 Interest Optimization Summary

   
   

   
   Description of "Figure 3-1 Interest Optimization Summary"

   
   

   For more information on fields, refer to the field description table.

   Table 3-1 Interest Optimization Summary - Field Description

   Field	Description
   Structure ID	Displays the Structure ID.
   Customer ID	Displays the Customer ID.
   Structure Description	Displays the description of the Structure.
   Threshold Currency	Displays the threshold currency.
   Authorization Status	Displays the authorization status of the record. The available options are: Authorized Unauthorized
   Record Status	Displays the status of the record. The available options are: Open Closed

3. Click Add icon to create new interest optimization maintenance.
   The Interest Optimization Maintenance screen displays.

   Figure 3-2 Interest Optimization Maintenance

   
   

   
   Description of "Figure 3-2 Interest Optimization Maintenance"

   
   
4. Specify the fields on Interest Optimization Maintenance screen.

   Note:

   The fields, which are marked with an asterisk, are mandatory.

   For more information on fields, refer to the field description table.

   Table 3-2 Interest Optimization Maintenance - Field Description

   Field	Description
   Structure ID	Displays the structure ID that is auto generated.
   Structure Description	Specify a description for the Structure ID.
   Customer ID	Click Search icon and select the customer ID from the list.
   Source	Displays the source.
   Effective Date	Select the effective date for the interest optimization.
   End Date	Select the end date for the interest optimization. The end date should be more than the effective date.
   Threshold Currency	Click Search icon and select the threshold currency from the list.
   Threshold Amount	Specify the threshold amount.
   Existing Structure ID	Click Search icon and select the existing structure ID from the list.
   Enrich	Click Enrich to fetch the rates and threshold details from the existing structure.
   Pause Start Date	Select the pause start date to pause the interest optimization.
   Pause End Date	Select the pause end date to resume the interest optimization.
   Interest Optimization Rate Type	Click Search icon and select the rate type from the list.
   Nominated Account	Click Search icon and select the nominated account from the list.
   Account Number	Click Search icon and select the participating account from the list.
   Currency Code	Displays the currency code of the participating account.
   Branch Code	Displays the branch code of the participating account.
   Available Balance	Displays the available balance of the participating account.
   Rate Type	Select the rate type from the drop-down list. The available options are: Enhancement Rate Nomination Rate Premium Rate
   Currency Code	Click Search icon and select the currency code from the list.
   From Amount	Specify the amount from when the rate is applied.
   To Amount	Specify the amount to when the rate is applied.
   Rate (%)	Specify the rate percentage.
   Currency Code	Click Search icon and select the currency code from the list.
   Threshold Amount	Specify the threshold amount.

5. Click Add or Delete button to add or remove the participating accounts.
6. Click Add or Delete button to add or remove the currency rates.
7. Click Add or Delete button to add or remove the currency threshold details.
8. Click Save to save the details.
   The user can view the created Structure ID using Interest Optimization Summary screen.
9. Click Cancel to discard the updated details and close the Interest Optimization screen. In such case, the updated details will not be saved.