1. Customer and Accounts User Guide
  2. Customer Account Product
  3. Create Customer Account Product

4.1 Create Customer Account Product

This topic describes the systematic instructions to configure the account products for a customer.

Specify User ID and Password, and login to Home screen.
  1. On Home screen, click Virtual Account Management. Under Virtual Account Management, click Customer.
  2. Under Customer, click Customer Account Product. Under Customer Account Product, click Create Customer Account Product.
    The Create Customer Account Product - Virtual Account Product screen displays.

    Figure 4-1 Create Customer Account Product - Virtual Account Product


    Description of Figure 4-1 follows
    Description of "Figure 4-1 Create Customer Account Product - Virtual Account Product"

  3. Specify the fields on Create Customer Account Product - Virtual Account Product screen.

    Note:

    The fields, which are marked with an asterisk, are mandatory.
    For more information on fields, refer to the field description table.

    Table 4-1 Create Customer Account Product - Virtual Account Product – Field Description

    Field Description
    Customer Number Click Search icon to view and select the required customer number.
    Customer Name Based on the Customer Number selected, the information is auto-populated.
    Account Product

    Specify a unique product code for the customer.

    The user can create a new product code for the customer or use an existing product template to create a customer account product. To use a Product Template, refer to the Use Product Template section.
    Account Product Description Specify the description of the account product.
    Interest Calculation By default, this is disabled.

    If enabled, indicates if interest calculation is required for the virtual accounts created under this product, and Interest Group Mapping screen is visible.
    Debit Transaction Allowed By default, this is disabled.

    If enabled, indicates if the debit transactions are allowed for the virtual accounts created under this product.
    Credit Transaction Allowed By default, this is disabled.

    If enabled, indicates if the credit transactions are allowed for the virtual accounts created under this product.
    Overdraft Facility Allowed By default, this is disabled.

    If enabled, indicates if the overdrafts are allowed for the virtual accounts created under this product.
    Liquidity Management Allowed By default, this is disabled.

    If enabled, indicates if the virtual accounts created under this product are allowed to be created as Liquidity Management accounts in Oracle Banking Liquidity Management.
    Inactive Days Select the number of days to indicate after how many days of inactivity, the account must be marked inactive.

Use Product Template

The Use Product Template hyperlink is used to link a new product template to a customer after the customer is onboarded for virtual account facility. Based the product template selected, the product parameters are defaulted and the user is allowed to modify the parameters at the customer account product level.

Note:

The Use Product Template hyperlink is applicable only during creation of a Customer Account Product.

  1. Click Use Product Template.
    The Create Customer Account Product - Use Product Template pop-up screen displays the list of applicable product templates based on the customer category.

    Figure 4-2 Create Customer Account Product - Use Product Template


    Description of Figure 4-2 follows
    Description of "Figure 4-2 Create Customer Account Product - Use Product Template"

  2. Specify the details to search and select the required product template from the list.
    For more information on fields, refer to the field description table.

    Table 4-2 Create Customer Account Product - Use Product Template – Field Description

    Field Description
    Product Template Displays the name of the product template.
    Product Description Displays the description of the product.
  3. Click Link to use the selected product template.
    The product parameters get defaulted from the template.
  4. Click Clear to clear the search filter.

Restrictions

The Restrictions screen allows the user to configure product restrictions.

  1. Click Next.
    The Create Customer Account Product - Restrictions screen displays.

    Figure 4-3 Create Customer Account Product - Restrictions


    Description of Figure 4-3 follows
    Description of "Figure 4-3 Create Customer Account Product - Restrictions"

  2. Specify the fields on Create Customer Account Product - Restrictions screen.

    Note:

    The fields, which are marked with an asterisk, are mandatory.
    For more information on fields, refer to the field description table.

    Table 4-3 Create Customer Account Product - Restrictions – Field Description

    Field Description
    Customer Number Based on the Customer Number selected in the Virtual Account Product screen, the information is auto-populated.
    Customer Name Based on the Customer Name selected in the Virtual Account Product screen, the information is auto-populated.
    Account Product Based on the Account Product selected in the Virtual Account Product screen, the information is auto-populated.
    Account Product Description Based on the Account Product Description selected in the Virtual Account Product screen, the information is auto-populated.
    Allowed / Restricted Select one of the options.

    This is used for allowing or not allowing transaction codes for virtual accounts opened under this product.
    Transaction Code Click Search to view and select the required transaction code.

    To create a new transaction code, refer to Transaction Code Maintenance in the Common Core User Guide.

    Description Based on the Transaction Code selected, the information is auto-populated.
    Allowed / Restricted Select one of the options.

    This is used for allowing or not allowing currencies for which the virtual accounts can be opened under this product.
    Currency Click Search to view and select the required currency.

    To define a new currency, refer to Currency Definition topic in the Common Core User Guide.

    Currency Description Based on the Currency selected, the information is auto-populated.
  3. Click + to add a row and provide the required details.

Interest Group Mapping

The Interest Group Mapping screen allows the user to map a Customer Virtual Account Product to an interest group. This screen displays only if the Interest Calculation is enabled in Virtual Account Product screen.

  1. Enable the Interest Calculation and click Next.
    The Create Customer Account Product - Interest Group Mapping screen displays.

    Figure 4-4 Create Customer Account Product - Interest Group Mapping


    Description of Figure 4-4 follows
    Description of "Figure 4-4 Create Customer Account Product - Interest Group Mapping"

  2. Specify the fields on Create Customer Account Product - Interest Group Mapping screen.

    Note:

    The fields, which are marked with an asterisk, are mandatory.
    For more information on fields, refer to the field description table.

    Table 4-4 Create Customer Account Product - Interest Group Mapping – Field Description

    Field Description
    Interest Group Template Click Search icon to view and select the required interest group template. Displays the list of all the bank level Interest groups maintained in IC.
    Description Based on the Interest Group Template selected, the information is auto-populated.
    Customer Specific Rate By default, this is disabled.

    If enabled, indicates if a customer specific interest group needs to be maintained.
    Customer Interest Group Displays the customer interest group.

    Note:

    If Corporate Specific Rate is selected, a new Customer Interest group is created and mapped to the Customer and Virtual Account product in IC else the Interest Group template selected is mapped. The Interest products is based on the Interest Group template selected.
    Interest Products Displays a list of interest product/s mapped to selected Interest Group Template.
    Product Code Displays the Interest Product Code.
    Product Description Displays the Interest Product Description.
    Currency Code Displays the currency of Interest Product.
  3. Click Save and Close to save the details.
    The user can view the configured account product details in the View Customer Account Product.
  4. Click Cancel to close the details without saving.

Parent topic: Customer Account Product