Functional Features

Updates to Structure Priority

Currently the priority assigned to an account structure is at a bank level. In the current release this has been brought to customer level. In the new structure priority feature, priorities will be at a customer level.
A new step “Structure Priority” has been added in Account Structure Creation/Modification process after the step of linking accounts in the structure.
In the new “Structure Creation” screen user is given information about:
- Accounts in the structure (the one user is currently creating) that are participating in other structures. To arrive at this data system will consider all structures available for this customer as well as its parent and child customers
- Current structure priorities of all the structures that are listed in point a with an option for the user to change their priority
The intent of the new feature is to give a full picture to the user about all the structures & their priorities to be consider while deciding on the priority for the new structure creation.

Approval Workflow changes

Following features have been introduced as part of the changes to approval workflow for various maintenances:

Remarks for Maker: When submitting a record for authorization, Maker will now have the option to key in remarks. These remarks will be visible to the Checker during authorization
Reject workflow: Authorizer can now reject an approval request. On “Reject”, the record will be rejected with authorization status as “Rejected”. The maker can edit the record and re-submit for approval. Further
- An option will be provided to the checker to view the maker remarks during authorization. The maker remarks can be viewed by clicking on the “Audit Button”. Also Maker too can view Checker’s remarks in case the record was rejected by the Checker during authorization
View before authorizing: Viewing of the record to be mandatory before checker can either approve or reject will be controlled through a bank level parameter.
- If the bank parameter is set as “True”, Checker will not be able to either approve or Reject unless the checker views the record at least once. In such case an error message will be displayed. Checker can view the record by clicking on the “View” button on the authorization screen
- If the bank parameter is set as “False”, Checker will be able to either Approve or Reject without viewing

Note:

The Account Structure approval will continue to be as is currently where approval happens in the dedicated structure approval screen

Special Interest Rate Maintenance

A new feature to maintain account level interest rates (also known as Special Interest Rates) has been introduced.
The feature is available through a new screen called “Account Special Rate” under the Oracle Banking Liquidity Management applications “Maintenance” menu
Account level interest rates can be maintained both for notional headers of pool structures and normal accounts

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.