2 Individual Retirement Account Savings Origination

This topic describes the specific stages that the IRA Savings Account Application must undergo before it can be submitted to the Host for Account Creation.

As detailed in the Operations User Guide,the Application Initiation stage is where all Product Originations begin, utilizing the Product Catalogue. The Cart Operation within the Product Catalogue enables the initiation of one or more products.When the Savings Account Product origination process begins, whether as an individual product or as part of a selection of multiple products, the Process Orchestrator creates a Savings Account Process Reference Number upon the submission of the Application Initiation stage. Additionally, the Process Orchestrator updates the record in the Free Task process for the Application Entry stage, which is also known as the Task from the orchestrator's viewpoint.

The Individual Retirement Account Savings Origination Process flow comprises of the following stages and the detailed information of the same is available in the following topics:

• Application Entry
  This topic describes the information on the various data segments to capture the required data in the Application Entry stage.
• Application Documents
  This topic describes the process of the documents that are uploaded related to application.
• Debit Assessment
  The topic describes the debit assessment process.
• Manual Debit Assessment
  The topic describes the manual debit assessment process.
• Account Funding Stage
  This topic describes the process of initial funding of an account. In this stage user can provide initial funding details before opening an account.
• Global Actions
  This topic provides details on the actions that can be performed in all stages.