2.2.6 Stake Holder Details

This topic provides the systematic instructions to capture the stake holder details related information for the application.

The Stake Holder Details data segment allows to capture the Stake Holder details for the business. This data segment is applicable only if the Customer Type is selected as Small and Medium Business (SMB).

To add stake holder details:

1. Click Next in previous data segemnt to proceed with the next data segment, after successfully capturing the data.
2. Select + Add Stakeholder to add the Stake holders for the business.
   The Stake Holder Details screen displays.

   Figure 2-8 Stake Holder Details

3. Specify the details in the relevant data fields. For more information on fields, refer to the field description table below.

   Table 2-13 Stakeholder - Field Description

   Field	Description
   Stake Holder Type	Select the Stakeholder type from the dropdown list. Available options are Owners Authorized Signatories Guarantors Suppliers
   Existing Customer	Select the toggle to indicate if the customer is an existing customer or not.
   CIF Number	Click Search icon and select the CIF number. This field appears only if the Existing Customer toggle is enabled. Once the CIF number is selected, the system identify whether the entered CIF number matches the Office of Foreign Assets Control (OFAC) list. If response is positive then error appears stating Invalid Customer Status. The account opening process is not initiated with that customer
   Ownership Percentage	Specify the ownership percentage. This field is appears only if the Owner option is selected from the Stake Holder Type field.
   Associated Since	Select the date from when the Stake Holder is associated with the business.
   Authorized Signatories	For the existing customers, the Signature details will be in read-only mode. For the new customers, the user will be able to add, edit and delete the Signature details.
   Signatures	Click icon to upload the signatures for the new customer. Click Add button to add the signatures. Click Cancel button to discard the added details. On Submit, signature will be handed off to Oracle Banking Party.
   Upload Signature	Drag and drop the signature file or click on Select or drop files here to browse and upload the signature from the local system. PNG & JPEG file formats are supported. This field appears only for the new Customers.
   Uploaded Signature	Displays the uploaded signature. This field appears only for the new Customers.
   Remarks	Specify the remarks related to the signature. This field appears only for the new Customers.
   Signature ID	Displays the Signature ID for the added signature.
   Signature	Displays the added signature.
   Remarks	Displays the remarks for the added signature.
   Action	Click to edit the added signatures Click to delete the added signatures. This field is enabled only for new customers.
   Guarantors	Click to add guarantor details.
   Line of Business	Select the line of business for the guarantor/supplier. Available options are: Facility Supply Chain Finance Trade Lending Cash Management Liquidity Management Virtual Account Management Accounts
   Scope	Specify the scope of the guarantor in the business.
   Guarantee Start date - Expiry date	Select the guarantee start and expiry date.
   Guarantee amount	Specify the guarantee amount for the business.
   Description	Specify the description for the guarantor.
   Suppliers	Click to add supplier’s details.
   Line of Business	Select the line of business for the guarantor/supplier. Available options are: Facility Supply Chain Finance Trade Lending Cash Management Liquidity Management Virtual Account Management Accounts
   Item Name	Specify the item name of the supplier.
   Quantity	Specify the quantity of the item.
   Supply Frequency	Specify the supply frequency.
   Start Date – End Date	Select the start and end date for the supplier.

4. To onboard the New Customers, disable the Existing Customer toggle. By Default, the Existing Customer is enabled.

   The Customer Onboarding screen is displayed.

   Figure 2-9 Customer Onboarding

   
   

   
   Description of "Figure 2-9 Customer Onboarding"

   
   
5. Select the appropriate option from the Customer Category list.
   1. If you select Individual option to onboard individual type of customer, refer field description table and procedure from 3.1.1.1 For Individual Customer Type of Customer Information data segment.
   2. If you select Small and Medium Business option to onboard small and medium business type of customer, refer field description table and procedure from 3.1.1.2 For Small and Medium Business Customer Type of Customer Information data segment.
6. Click Next to navigate to the next data segment, after successfully capturing the data. The system will validate all mandatory data segments and data fields. If mandatory details are not provided, the system displays an error message for the user to take action. User will not be able to proceed to the next data segment, without capturing the mandatory data.

   On submission of Application Entry stage, Stakeholder Onboarding request gets initiated for the new customers.

   The request for New Stakeholder Onboarding is addressed by the underlying API call, which also generates the New Party reference number, thereby circumventing the usual process of generating a Unique Process reference number / Task.