1.1 Address Management

Address management maintenance describes the systematic instructions to initiate and view the address maintenance.

This screen is to enable financial institutions to configure address related requirements.
Using Address Management maintenance, the user can configure:
  • Mandatory and optional address types
  • Minimum address requirement

To initiate Address Management

  1. On Home screen, click Party Services. Under Party Services, click Maintenance.
  2. Under Maintenance, click Address Management. Under Address Management, click View & Update Address Management.
    The View & Update Address Management screen is displayed.

    Figure 1-1 View and Update Address Management



  3. Select the required Party Type, and click Unlock to maintain address management configuration.
    The Create Minimum Address screen is displayed.

    Figure 1-2 Create Minimum Address



  4. On the Create Minimum Address screen, specify the fields. For more information on fields, refer to the field description table.

    Table 1-1 Create Address Management - Field Description

    Field Description
    Address Type Select the address type from the drop-down list. The available options are:
    • Permanent Address
    • Residential Address
    • Communication Address
    • Office Address

    Note:

    • This field is mandatory. In case of no configuration for an address type, the same will be optional during onboarding and amendment.
    • The drop-down values are based on the configuration maintained in the Entity Code Maintenance screen.
    Is Mandatory Enable toggle button if the address type is required to capture during party onboarding and amendment process. For more information, refer to the Table 1-2.
    Minimum Address History (Months) Provide a value to define what the minimum address history is required to be captured during party onboarding and amendment process.

    Note:

    This field accepts only a numeric value without a decimal place.
    Action Click the necessary icon to edit, save, or delete a row.

    Table 1-2 Behavior of Current Address Data Segment

    Is Mandatory Minimum Address History Behavior
    Enabled 0 (Zero) Month or No Value During the party onboarding and amendment, the respective address will be mandatorily captured without any minimum address history validation.
    Enabled Value starting from 1 Month and More During the party onboarding and amendment, the respective address will be mandatory to be captured with minimum address history validation.
    Disabled 0 (Zero) Month or No Value During the party onboarding and amendment, address capture will be optional.