7 Party to Party Relationship

This topic provides the instruction to create retail party to party relationship details.

Table 7-1 Party to Party Relationship Validations

Type of Relationship Individual Non-individual Deceased Frozen Whereabout Unknown Bankrupt Minor
Household Allowed Not Allowed Not Allowed Allowed Not Allowed Allowed Allowed
POA Allowed Allowed Not Allowed Allowed Not Allowed Allowed Not Allowed
Service Member Allowed Not Allowed Not Allowed Allowed Not Allowed Allowed Not Allowed
Related To Insider Allowed Not Allowed Not Allowed Allowed Not Allowed Allowed Not Allowed
Guardian Allowed Not Allowed Not Allowed Allowed Not Allowed Allowed Not Allowed
Solicitor Allowed Allowed Not Allowed Allowed Not Allowed Allowed Not Allowed
Custodian Allowed Not Allowed Not Allowed Allowed Not Allowed Allowed Not Allowed
Related Party Allowed Allowed Not Allowed Allowed Not Allowed Allowed Not Allowed
Owners Allowed Allowed Not Allowed Allowed Not Allowed Allowed Not Allowed
Authorized Signatories Allowed Not Allowed Not Allowed Allowed Not Allowed Allowed Not Allowed
Guarantors Allowed Allowed Not Allowed Allowed Not Allowed Allowed Not Allowed
Suppliers Allowed Allowed Not Allowed Allowed Not Allowed Allowed Not Allowed
Trustee Allowed Allowed Not Allowed Allowed Not Allowed Allowed Allowed
Beneficiary Allowed Allowed Not Allowed Allowed Not Allowed Allowed Allowed
Related Party Allowed Allowed Not Allowed Allowed Not Allowed Allowed Allowed
  1. From Home screen, under Party Services, click Party To Party.
    The Party To Party screen is displayed.

    Figure 7-1 Party To Party


    Description of Figure 7-1 follows
    Description of "Figure 7-1 Party To Party"

  2. Enter CIF ID or search for CIF ID of the party relationship using Advanced Search. For more information, refer to the Party Search.
  3. Click Fetch.
    The party relationship details will be displayed.

    Figure 7-2 Party Relationship Details


    Description of Figure 7-2 follows
    Description of "Figure 7-2 Party Relationship Details"

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

    Note:

    The fields marked as Required are mandatory.

    Table 7-2 Party Details - Field Description

    Field Description
    CIF ID CIF ID of the party relationship.
    Party Type Displays the Party type as Individual or Non-Individual parties.
    First Name The given name of the party as per official records.
    Middle Name The additional given name of the party, if applicable.
    Last Name The surname or family name of the party.
    Is Customer Displays the whether the party is a customer or non-customer.
    Date of Birth The official birth date of the party. Date of Birth cannot be a future date.
    Customer Status The current status of the party in the system (example Active, Inactive).
  4. Click View Party Details to view the additional information of the party.

Related From:

The Related From section displays all the relationships where other parties are linked as relationship to searched party using CIF ID.

Note:

If there are no relationships available, display an empty table with one empty row.

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

Note:

The fields marked as Required are mandatory.

Table 7-3 Related From - Field Description

Field Description
Party Type The Party type as Individual or Non-Individual of related party.
CIF ID/Party ID CIF ID or party ID of the related party.
Name Name of the related party.
Relationship Type The relationship type of the related party to party relationship.
It could be:
  • Household
  • Power Of Attorney
  • Service Member
  • Related To Inside
  • Guardian
  • Custodian
  • Solicitor
  • Related Party
Relationship Code Relationship Code between Party Relationship and Related Party.

Relationship Code is auto-populated based on Party Relationship and Related Party Relationship.
Relationship Added Date Date when party to party relationship is added.
Action Click in the action column to View, Edit and Delete Party to Party Relationship.

Related To:

The Related To section displays all the relationships where other parties are linked as relationship.

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

Note:

The fields marked as Required are mandatory.

Table 7-4 Related To - Field Description

Field Description
Party Type The Party type as Individual or Non-Individual of related party.
CIF ID/Party ID CIF ID or party ID of the related party.
Name Name of the related party.
Relationship Type Displays the relationship type of the related party.
It could be:
  • Household
  • Power Of Attorney
  • Service Member
  • Related To Inside
  • Guardian
  • Custodian
  • Solicitor
  • Related Party
Relationship Code Relationship Code between Party Relationship and Related Party.

Relationship Code is auto-populated based on Party Relationship and Related Party Relationship.
Relationship Added Date Date when party to party relationship is added.
Action Click in the action column to View Party to Party Relationship.

Create a New Relationship

  1. Click New Relationship to create a new party to party relationship for the selected CIF and relationship type.
    The Add Relationship overlay window will open to capture new relationship details.
    1. In the Relation Type field enter relationship attributes specific to party to party relationship. Refer table from Table 1-18 to Table 1-25 for relationship specific attributes for retail party relationships.

      Refer to the Retail Onboarding Guide for relationship specific attributes for Retail Party Relationship.

      Note:

      Relationship Attributes are rendered based on Relationship Type selected. No Changes in Attributes for Relationship Types other than Related Party.
    2. Enter the CIF ID or search for CIF ID of the related party using Advanced Search. For more information, refer to the Party Search.
    3. Click Fetch.

      The related party details will be displayed.

      Figure 7-3 Add Relationship


      Description of Figure 7-3 follows
      Description of "Figure 7-3 Add Relationship "

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

      Note:

      The fields marked as Required are mandatory.

      Table 7-5 Add Relationship - Field Description

      Field Description
      Relationship Type The relationship type of the related party to party relationship.
      The available options are:
      • Household
      • Power Of Attorney
      • Service Member
      • Related To Inside
      • Guardian
      • Custodian
      • Solicitor
      • Related Party

      Note: Party type determines the relationship type, be it retail or SMB.

      CIF ID CIF ID of the related party.
      Party Details Section displays the details of the selected CIF ID/Party .
      Relationship Attributes Section defines the relationship details between party relationship and related party.

      For more information on Relationship Attributes refer table from Table 1-18 to Table 1-25.

    4. Specify fields on the Relationship Attributes section.
    5. Click Save to save the related party details.

      The related party details will be added under the Related From section.

  2. Click in the Action column to View, Delete, and Edit Party to Party Relationship.
    • Edit Existing Relationship:
      1. Click Edit icon in the action column to amend existing party to party relationship.

        The Edit Relationship overlay screen is displayed.

        Figure 7-4 Edit Relationship


        Description of Figure 7-4 follows
        Description of "Figure 7-4 Edit Relationship"

      2. Update the details.

        Note:

        • CIF ID cannot be changed during amendment.
        • Updating Preferred to Non-Preferred can not be updated to Non-Preferred. To proceed, set another record as Preferred — this will automatically update the current Preferred Record to Non-Preferred.
        • Updating Non-Preferred to Preferred will overwrite current Preferred record to update to Non-Preferred and set new record as Preferred.
      3. Click Save to save the details.

        The Related From section displays the updated details.

    • Delete Existing Relationship:
      1. Click Delete icon in the action column to delete existing party to party relationship.

        The Delete Relationship overlay screen is displayed.

        Figure 7-5 Delete Relationship


        Description of Figure 7-5 follows
        Description of "Figure 7-5 Delete Relationship"

        Note:

        • This action will permanently delete a single Preferred/Non-Preferred record, and it cannot be undone.
        • In case of more than one record, preferred record cannot be deleted. To proceed, assign another record as Preferred first. Assigning a new Preferred record will automatically change the current Preferred record to Non-Preferred.
      2. Click Save.

        The Confirm popup is displayed.

      3. Click Confirm to delete the party to party relationship record.