Module Definitions

The list of the acronyms and abbreviations that are used in this guide are as follows:

Table - Definitions

Term	Definitions
Entity Code	A unique identifier used to represent different entities within the system, such as branches, customers, or external organizations.
Relationship	Information concerning the connections between the party and related parties, including household members, guardians, custodians, and other relevant affiliations.
Business Process Code	A unique identifier used to define and manage various business processes within the system.
MIS Details	The configuration and management of data related to various business aspects for reporting and analysis purposes.
Bankrupt	The party has been legally declared bankrupt.
Frozen	The party is frozen due to regulatory or internal reasons.
Dormant	An account is in dormant status which means not used for along time.
Primary Party	The primary customer of a specific account.
Secondary Party	The secondary customer of a specific account.
Suffix	A word or letters added after the surname (last name) to provide additional information about a person. The suffix used in the party’s name, such as Jr., Sr., III, etc.
Party De-duplication check	To prevent the onboarding of duplicate parties, a check is performed during the onboarding process. This ensures that a party does not already exist in Oracle Banking Party
CIBIL/Credit Score	Credit score as per credit KYC check of the party.
Police DB Check	Police database is been checked as part of police KYC check.
Risk Mitigation	The process of reducing risk exposure and minimizing the likelihood of an incident.
Solicitor	Alegal professional who handles a wide range of legal tasks, from drafting documents and negotiating contracts to providing legal guidance.
Custodian	A person or entity that holds and safeguards assets, often in a financial context especially of minor/child party.
Guardian	A person who is legally responsible for the care of another person, especially of minor/child party.