1.4.7 Maintain Core Status Code

This topic provides systematic instructions to maintain core status code.

User can maintain the following to user defined status of a loan or bill or account status:

• A unique code for the status
• A brief description for the status
• A sequence number for the status
• The type of status – Indicate whether the status codes are maintained for an ‘Account’ or for a ‘Contract’, or for ‘Both’

The type of status chooses based on the status processing for the branch, which is defined in the Branch Parameters Preferences maintenance.

• If status processing is at individual account / contract level, user can choose the applicable status types as ‘Account’ or ‘Contract’. The status codes that have been maintained of type ‘Account’ are available for association in the Account maintenance and those maintained with type ‘Contract’ can be associated with contracts.
• If status processing is at Group / CIF level, user can only maintain status codes of type ‘Both’ (which means, it is applicable for both accounts and contracts). In such a case, user must associate the statuses for both the Account maintenance and contracts.

Note:

• It is mandatory to maintain the status code ‘NORM’ (Normal) with the sequence number as ‘0’, for all the status types. The sequence number must not be repeated for a status type.
• The sequence number associated with the status will be used for determining the hierarchy of statuses, that means, higher the number, worst the status and this will be unique for the status codes.

1. On Home screen, type CCDSTSCD in the text box, and click Next.
   The Core Status Code Maintenance screen displays.

   Figure 1-16 Core Status Code Maintenance

   
   

   
   Description of "Figure 1-16 Core Status Code Maintenance"

   
   
2. On Core Status Code Maintenance screen, specify the fields.

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

   Table 1-13 Core Status Code Maintenance - Field Description

   Field	Description
   Status Code	This is the code, which identifies the status to which the contract belongs that assign a code using a maximum of 3 characters, alphanumeric. For example, if a contract has past its due obligation status that has input code PD1. PD representing post due obligation. The number 1 stands for stage 1 of the post due obligation status.
   Status Description	This is the description of the status, Enter a description using a maximum of 35 SWIFT characters. In the above example, user can enter PD1 - Past Due Obligation 1 for Loan if the status codes maintaining for Loans.
   Link to	This represents the category of the product - asset or liability to which the contract status is applicable. For example, If a user is maintaining status codes for loans or any money market placements, click on assets type of product. If the user is maintaining status codes for deposits, click on liability type of products.
   Effective Days from Maturity	This indicates the number of days after the due date when this status becomes applicable to the contract. User can specify any number of days from 0-999. The effective days defined here is defaulted to the product level in the Bills and Loans modules. User have the option of redefining the number of days at the product level.