Islamic Accounts User Manual

Islamic Accounts User Manual
Islamic Accounts
Oracle FLEXCUBE Universal Banking
Release 12.0
[May] [2012]
Oracle Part Number E51527-01
Islamic Accounts
Table of Contents
1.
ABOUT THIS MANUAL................................................................................................................................ 1-1
1.1
1.2
1.3
1.4
1.5
2.
INTRODUCTION ........................................................................................................................................... 1-1
AUDIENCE .................................................................................................................................................. 1-1
ORGANIZATION .......................................................................................................................................... 1-1
RELATED DOCUMENTS ............................................................................................................................... 1-1
GLOSSARY OF ICONS .................................................................................................................................. 1-1
CREATING ISLAMIC ACCOUNTS ............................................................................................................ 2-1
2.1
INTRODUCTION ........................................................................................................................................... 2-1
2.2
MAINTAINING ISLAMIC ACCOUNT CLASS ................................................................................................... 2-1
2.2.1
Account Details Tab........................................................................................................................... 2-3
2.2.2
Statement Parameters Tab ................................................................................................................. 2-8
2.2.3
Capturing Additional Details ........................................................................................................... 2-14
2.2.4
Specifying Restrictions Details ........................................................................................................ 2-16
2.2.5
Maintaining Exclusion Criteria for Profit Sharing .......................................................................... 2-16
2.2.6
Specifying Branch/Currency Restriction Details ............................................................................. 2-17
2.2.7
Maintaining Branch Preferences ..................................................................................................... 2-18
2.2.8
Maintaining Currency Preferences.................................................................................................. 2-19
2.2.9
Specifying Customers/Categories Details ........................................................................................ 2-20
2.2.10
Specifying MIS Details..................................................................................................................... 2-21
2.2.11
Specifying Preferences Details ........................................................................................................ 2-22
2.2.12
Specifying REG Details ................................................................................................................... 2-28
2.2.13
Specifying Deposit Details ............................................................................................................... 2-28
2.2.14
Specifying Auto Deposit Details ...................................................................................................... 2-29
2.2.15
Specifying GL Lines Details............................................................................................................. 2-31
2.2.16
Specifying Status Rule Details ......................................................................................................... 2-33
2.2.17
Specifying Amount Block Details ..................................................................................................... 2-35
2.2.18
Specifying Statement Details............................................................................................................ 2-37
2.2.19
Time Interim Transactions Report ................................................................................................... 2-40
2.2.20
Times – Balance Report ................................................................................................................... 2-40
2.2.21
Specifying Notice Details ................................................................................................................. 2-41
2.2.22
Specifying Fields Details ................................................................................................................. 2-42
2.2.23
Triggering a Batch for Accounts Eligible for Profit Sharing ........................................................... 2-43
2.3
MAINTAINING ISLAMIC CUSTOMER ACCOUNTS ....................................................................................... 2-43
2.3.1
Main Tab.......................................................................................................................................... 2-46
2.3.2
Auxiliary Tab ................................................................................................................................... 2-54
2.3.3
Nominee Tab .................................................................................................................................... 2-65
2.3.4
Check List Tab ................................................................................................................................. 2-66
2.3.5
Capturing Additional Details ........................................................................................................... 2-69
2.3.6
Specifying Profit Details .................................................................................................................. 2-72
2.3.7
Specifying Charges Details .............................................................................................................. 2-74
2.3.8
Specifying Consolidated Charges Details........................................................................................ 2-76
2.3.9
Specifying BIC Details ..................................................................................................................... 2-78
2.3.10
Specifying Deposits Details ............................................................................................................. 2-78
2.3.11
Specifying Instructions Details ........................................................................................................ 2-79
2.3.12
Specifying Standing Instructions Details ......................................................................................... 2-81
2.3.13
Specifying Linked Entities Details ................................................................................................... 2-81
2.3.14
Specifying REG Details ................................................................................................................... 2-82
2.3.15
Specifying Account Status Details ................................................................................................... 2-84
2.3.16
Specifying Restrictions Details ........................................................................................................ 2-85
2.3.17
Specifying Currency Limits Details ................................................................................................. 2-89
2.3.18
Specifying MIS Details..................................................................................................................... 2-90
2.3.19
Specifying Change Log Details ........................................................................................................ 2-92
2.3.20
Specifying Cheque Book Request Details ........................................................................................ 2-93
2.3.21
Specifying Card Request Details ..................................................................................................... 2-94
2.3.22
Specifying Linked Deposit Details ................................................................................................... 2-96
2.3.23
Specifying Statement Details............................................................................................................ 2-98
2.3.24
Specifying Limits Details ............................................................................................................... 2-106
2.3.25
Specifying Joint Holders Details ................................................................................................... 2-110
2.3.26
Specifying UDF Details ................................................................................................................. 2-112
2.3.27
Specifying Deposits Instruction Details ......................................................................................... 2-112
2.3.28
Specifying Billing Parameters Details ........................................................................................... 2-114
2.3.29
Specifying Account Signatory Details ............................................................................................ 2-117
2.3.30
Specifying Interim Transactions Report Details ............................................................................ 2-119
2.3.31
Specifying Interim Transactions Report ........................................................................................ 2-119
2.3.32
Specifying Notice Details ............................................................................................................... 2-121
2.3.33
Specifying Cards Details ............................................................................................................... 2-123
2.3.34
Specifying OFAC Check Details .................................................................................................... 2-124
2.3.35
Specifying Change Log Details ...................................................................................................... 2-125
2.3.36
Maintaining Provisioning Preferences for a Islamic account ....................................................... 2-126
2.3.37
Maintaining Provisioning Percentages Details ............................................................................. 2-127
2.3.38
Viewing details of Amounts and Dates .......................................................................................... 2-128
2.3.39
Viewing Total Available Balance Details ...................................................................................... 2-129
2.3.40
Viewing Turnover Amounts ........................................................................................................... 2-129
2.3.41
Maintaining Other Details for Islamic Deposit Account ............................................................... 2-130
2.3.42
Closing a Islamic Account ............................................................................................................. 2-131
2.3.43
Executing Automatic Closure Batch .............................................................................................. 2-133
2.3.44
Sweep In and Sweep Out Batch Processing ................................................................................... 2-134
2.3.45
Generating Alert for Secure Overdraft Utilization ........................................................................ 2-139
2.3.46
Creating a Message Advice Format .............................................................................................. 2-139
2.4
VIEWING ISLAMIC CUSTOMER ACCOUNTS DETAILS ............................................................................... 2-142
2.5
VIEWING MUDARABAH SWEEP DETAILS ................................................................................................ 2-144
3.
MAINTAINING INVESTMENT WEIGHTS ............................................................................................... 3-1
3.1
INTRODUCTION ........................................................................................................................................... 3-1
3.2
MAINTAINING INVESTMENT WEIGHTS........................................................................................................ 3-1
3.3
PROFIT CALCULATION BATCH .................................................................................................................... 3-4
3.4
UPDATING PROFIT CALCULATION .............................................................................................................. 3-6
3.5
PROFIT DISTRIBUTION BATCH .................................................................................................................. 3-10
3.6
PROFIT CALCULATION EXCLUSION BATCH .............................................................................................. 3-19
3.7
ZAKAT BATCH PROCESS ........................................................................................................................... 3-20
3.7.1
Status Change Batch Processing (CSDSTBTC) ............................................................................... 3-20
4.
CREATING ISLAMIC TERM DEPOSITS .................................................................................................. 4-1
4.1
INTRODUCTION ........................................................................................................................................... 4-1
4.2
MAINTAINING TERM DEPOSIT ACCOUNT CLASS ........................................................................................ 4-1
4.2.1
Specifying Deposit Preferences ......................................................................................................... 4-2
4.2.2
Specifying the Auto Deposits ............................................................................................................. 4-5
4.3
SETTING UP PROFIT PREFERENCES FOR TD ................................................................................................ 4-7
4.3.1
Linking TD Account Class to Profit Product ..................................................................................... 4-8
4.4
CREATING ISLAMIC TD .............................................................................................................................. 4-9
4.4.1
Main Tab.......................................................................................................................................... 4-11
4.4.2
Nominee Tab .................................................................................................................................... 4-14
4.4.3
Deposit Tab ...................................................................................................................................... 4-15
4.4.4
Dual Currency Deposit Tab ............................................................................................................. 4-21
4.4.5
Check List Tab ................................................................................................................................. 4-23
4.4.6
Capturing Additional Details........................................................................................................... 4-27
4.4.7
Specifying IP Special Condition Details .......................................................................................... 4-28
4.4.8
Specifying TD Payout Details .......................................................................................................... 4-29
4.5
VIEWING ISLAMIC TD ACCOUNT DETAILS ............................................................................................... 4-32
4.6
REDEEMING TD ........................................................................................................................................ 4-33
4.6.1
Bank - Cheque Tab .......................................................................................................................... 4-36
4.6.2
Savings Tab...................................................................................................................................... 4-38
4.6.3
General Ledger Tab ......................................................................................................................... 4-39
4.6.4
Authorizing Transaction .................................................................................................................. 4-40
4.7
VIEWING TD REDEMPTION DETAILS ........................................................................................................ 4-40
4.8
REDEEMING TD PARTIALLY ..................................................................................................................... 4-42
5.
ANNEXURE A - IP RULE SET-UP .............................................................................................................. 5-1
5.1
INTRODUCTION ........................................................................................................................................... 5-1
5.2
IP RULE MAINTENANCE ............................................................................................................................. 5-1
5.3
UDE VALUE MAINTENANCE ...................................................................................................................... 5-4
5.3.1
TD with Capitalization....................................................................................................................... 5-5
5.3.2
Normal TD with Simple Profit ........................................................................................................... 5-6
5.3.3
Recurring Deposit Scheme................................................................................................................. 5-6
6.
SCREEN GLOSSARY .................................................................................................................................... 6-1
6.1
FUNCTION ID LIST...................................................................................................................................... 6-1
1.
1.1
About This Manual
Introduction
This manual is designed to help you quickly acquaint yourself with the Islamic Accounts module
of Oracle FLEXCUBE. It provides information on creating Islamic accounts in Oracle FLEXCUBE.
You can obtain information specific to a particular field by placing the cursor on the relevant field
and striking <F1> on the keyboard.
1.2
Audience
This manual is intended for the following User/User Roles:
1.3
Role
Function
Back office managers/officers
Authorization functions
Product Managers
Product definition and authorization
End of day operators
Processing during end of day/ beginning of day
Financial Controller/Product Managers
Generation of reports
Organization
This manual is organized into the following chapters:
1.4
1.5
Chapter 1
About this Manual gives information on the intended audience. It also lists the
various chapters covered in this User Manual.
Chapter 2
Creating Islamic Accounts explains how you can create Islamic Deposit Accounts.
Chapter 3
Creating an Islamic Profit Distribution Product explains to process to create a
profit product for Islamic profit distribution.
Related Documents

The Core Entities User Manual

The Procedures User Manual

The Settlements User Manual

The Profit and Charges User Manual
Glossary of Icons
This User Manual may refer to all or some of the following icons.
Icons
Function
1-1
Icons
Function
Exit
Add row
Delete
row
Option
List
.
1-2
2. Creating Islamic Accounts
2.1
Introduction
As part of capturing customer related information in Oracle FLEXCUBE you need to maintain
Customer Information Files (CIF records) for each entity who is a customer of your bank. Apart
from creating CIF records for each entity you need to maintain separate accounts for each
customer. The features of these two screens have been discussed in detail in the preceding
sections.
While defining Islamic Deposit Accounts, you would have noticed that many of the fields have
option lists positioned next to them. While some option lists contain pre-defined values for some
option lists to be populated you need to capture data through separate screens. For instance,
each Islamic deposit account needs to be associated with an Islamic account class. Therefore,
you will need to maintain Islamic account class before you start defining Islamic deposit accounts.
All such screens have been documented in the subsequent sections.
2.2
Maintaining Islamic Account Class
In the ‘Islamic Account Class Maintenance’ screen, where you open Islamic deposit accounts for
the customers of your bank, each customer account is linked to an Islamic deposit account class,
and the attributes defined for the account class are by default applicable to the customer account.
For instance, if the frequency of account statement generation has been defined as daily for
Islamic account class, the system generates statements for all accounts under this class on a
daily basis. However, some of the parameters defined for the account class, can be revised at the
account level for any of the accounts linked to the class. Account level parameters will supersede
those defined for the account class.
While defining the Islamic account classes you should also keep in mind, that the profit rate
structure is also specified for an account class (in the Profit and Charges module).
The account class table is maintained at the Bank Level by the Head Office branch.
You can invoke the ‘Islamic Account Class Maintenance’ screen by typing ‘IADACCLS’ in the field
at the top right corner of the Application tool bar and clicking the adjoining arrow button.
2-1
Defining Islamic Account Class includes the maintenance of the following parameters:
Account Class and Description
The Account Class code is a unique code, which identifies the class. Along with the class code
you need to assign an appropriate description to the account class.
For instance, let us assume you are defining a class for deposit account of individuals. You could
associate the code DEP IND with it. Similarly, the description that you associate with it could be
something like this – ‘Deposit accounts of individuals’.
Account Type
By default the account type is ‘Deposit’. You will not be able to modify this option.
Start Date
When you create a Islamic account class, you can specify the life span of the account class by
indicating the start date.
The start date for an account class refers to the start date for which, creation of new account
under the account class is allowed.
Consequently, the option list for Islamic account class in all further transactions screen in Oracle
FLEXCUBE, will display the account class as of the system date.
End Date
When you create a Islamic account class, you can also specify the life span of the account class
by indicating the end date.
2-2
The end date for an account class refers to the termination date after which, creation of new
account under the account class is disallowed.
Consequently, the option list for Islamic account class in all further transactions screen in Oracle
FLEXCUBE, will not display the ‘expired’ account class as of the system date. However, the
existing accounts for the account class will be active even after the end date.
If you do not specify an End Date for the account class, the account is taken to be an openended account class.
2.2.1 Account Details Tab
The ‘Account Details’ tab is displayed, by default, in the ‘Islamic Accounts Class Maintenance’
screen. The fields in the Account Details section are as follows:
Account Code
As per your bank’s requirement you can choose to classify Islamic account class into different
account codes. The bank can decide the manner in which the account classes are to be assigned
to different account codes. An account code can consist of a maximum of four characters.
Depending on the customer account mask maintained, the value in the account code field would
be used during the generation of customer account numbers through the ‘Islamic Customer
Accounts Maintenance’ screen.
If you have decided to include account code as part of the customer account number (in the
account number mask), then at the time of creating a new customer account number, you will
need to select the account class for the account number being generated. In the option-list
provided, the account class is displayed along with the associated account code. When the
account number gets populated, it is the account code that forms a part of the customer account
number.
Dormancy Days
You have to indicate the period after which an account in an Islamic account class becomes
inactive or dormant if customer transactions are not posted into the account.
However, while maintaining transaction codes, if you have checked the Consider for Account
Activity field, all transactions posted to any account under this account class linked to the
particular transaction code will become active from dormant irrespective of the dormancy period.
If a customer-initiated transaction is posted into the account with the dormant status the account
status will be updated to Active from Dormant since the Transaction Code associated with the
account has the Consider for Account Activity option enabled.
Account Statement Format
Choose ‘ACST_DETAILED’ for Savings type of account class and Nostro type of account class.
2-3
Display IBAN in Advices
For an Islamic account class you can indicate whether the IBAN number of the customers
involving the accounts within the class should be printed on advices sent to the customer. If you
would like to print the IBAN number of the customers on advices sent to the customers involving
the account class, you can enable the ‘Display IBAN in Advices’ option by checking it.
Your specification will be made applicable to all customers linked to the account class. You will be
allowed to change this option for a specific account.
IBAN Account numbers for specific customers can be captured while defining a specific
account through the IBAN Sub-screen of the ‘Islamic Customer Account Maintenance’ screen.
Interpay
Check this box if you wish to interpay.
Natural GL
The reporting of all turnovers of the particular Islamic account class will be directed to the GL that
you identify as the natural GL. Based on the characteristic of the account balance, you can
specify whether the turnover is to be posted to the Debit GL or to the Credit GL. For instance, if
the account class is for overdrafts, the balance is normally a debit whereas current accounts
normally do not have a debit balance.
Dormancy Parameters
As stated above, if transaction code associated with the account has the ‘Consider for Account
Activity’ option enabled, the dormant status of the account will be updated to ‘Active’. Apart from
this, you can specify the parameter that is required for re activating the account. To indicate the
re activation parameters for the dormant account choose any from the following options:

Debit

Credit

Any

Manual
In case of a transaction, the system will check for the parameter you have specified here and
accordingly change the status of the account. However, the parameter maintained at the account
level will supersede the parameter you have specified here.
Applicable Customer Status
Specify the applicable customer status from the drop-down list. The available options are:

Major
2-4

Minor

Both

Not Applicable
Note the following:

By default ‘Not applicable’ option would be selected when a new account class is
created.

If you select ‘Minor’ option at the CIF level and ‘Applicable customer status’ as ‘Major’ at
the account class level then the system throws an error stating that:
The A/c class you selected is for major customer

Similarly if you uncheck ‘Minor’ option at the CIF level and select ‘Applicable customer
status’ as ‘Minor’ at the account class level then the system throws an error stating that:
The A/c class you selected is for minor customer
Charges
Specify the following details.
Charge Start Advice
You can use this field to indicate whether a charge start advice is to be sent to the customer,
indicating the commencement of charging on accounts under the account class.
Charging on the accounts under the class would commence on the charge start date specified for
the account. The charge start advice would be sent, a specified number of days in advance (the
Advice Days) of the charge start date.
Advice Days
If you have indicated that a charge start advice is to be sent to the customer, indicating the
commencement of charging on accounts under the account class, specify the number of days
before the charge start date, the charge start advice is to be sent.
Free Period
Specify the number of days after the account opening date, which constitute the free banking
period for accounts under the class. During the free banking period, no charges are applied on
the account.
2-5
Provisioning Details
When you define an account class, you can specify whether provisioning is applicable for
accounts using the class. You can make the following specifications in the Provisioning Details
section in the ‘Account Classes’ screen:
Required
Check this box if provisioning is applicable.
Provisioning Frequency
Select the frequency at which the provisioning would be done either daily or monthly.
The frequency you define here is only applicable if you have indicated individual accountwise status processing for accounts in the Branch Parameters. If you have indicated status
processing at Group/CIF level, then the provisioning batch process executes at the frequency
maintained in the ‘Branch Parameters’ screen for your branch, and not at the frequency
maintained in the Account Classes screen.
Provision Currency
You can indicate the currency in which the provisioning amount must be calculated – either
account currency or local currency. This specification is defaulted from the preferences for the
Islamic account class used by the account, and you can alter it if necessary.
Exposure Category
If the logic for deriving the exposure category of the CIF or customer group to which the customer
belongs, based on the total exposure, has been maintained in the Exposure Type Category
Linkage maintenance, then the exposure category of the account is identified. If no logic has
been maintained, you can specify the exposure category in the ‘Islamic Account Class
Maintenance’ screen.
Event Class Code
Specify the event class for which the provisioning accounting entries would be defined.
Liquidation Days
Specifies the number of working days from the actual liquidation date before the profit / charge
can be liquidated into the customer account. Working days are calculated on the basis of the
Local Holiday Calendar.
Liquidation Mode
Debit profit or charges can be liquidated either Manually or Automatically. If you choose the
automatic mode of liquidation, debit profit or charges are liquidated automatically as part of the
BOD process on the liquidation date. However, after having specified Auto as the mode of
liquidation, if you wish to liquidate them manually for a specific account, the System intimates you
with an override message. Manual profit liquidation can be triggered through the ‘Debit Profit
Liquidation’ screen. Manual liquidation is recommended during Account Closure.
2-6
Note the following:

You will not be allowed to change these preferences at the account level. However in the
Amounts and Dates section of the ‘Islamic Customer Accounts Maintenance’ screen,
both the total debit profit due as well as the charges due, are displayed.

If there is any outstanding profit or charges on the account, the outstanding amount is
displayed as an override while saving the transaction involving the account.

While closing an account closure, the system verifies whether there is any outstanding
debit profit or charges on the account. You will need to liquidate these before account
closure.

An error log is created to store the error details of accounts for which liquidation could not
be performed due to the following reasons:

The Verify Funds option is enabled and partial liquidation is performed.

The Verify Funds option is enabled and the account has insufficient funds.

Accounting entries do not get passed successfully irrespective of whether the Verify
Funds option is set or not.
Refer the End of Day processing for Debiting Receivable GLs section in the Daily Processing of
IP chapter of the IP User Manual for details on end of day processes on Auto and Manual
liquidation.
Escrow Details
The following Escrow details can be maintained for the account class:
Escrow Transfer Applicable
This box is checked by default, when an account is created. Uncheck this box if Escrow transfer
is not applicable.
Transaction Code
Select the Transaction Code to be used for Escrow transfer from the adjoining option list. The
option list displays only those transaction codes which are enabled for Escrow processing at the
‘Transaction Code Maintenance’ screen.
This is a mandatory input if Escrow transfer is enabled for the account class.
2-7
Transaction Code for Reversal
Select the transaction code to be used for Escrow Reversal transactions from the adjoining
option-list. The option list displays only those transaction codes which are enabled for Escrow
processing at the ‘Transaction Code Maintenance’ screen.
During account class amendment system does not allow you to disable Escrow process for
an account class if a Project account has been created using that account class.
Cash Deposit Limit on Trust Account
If you have checked the box ‘Escrow Transfer Applicable’, you will have to specify the maximum
cash that can be deposited in the Trust accounts under this account class.
2.2.2 Statement Parameters Tab
For each Islamic account class that you maintain you have the option of generating account
statement details, periodically, for all customer accounts associated with the account class.
If you need to generate account statements that would need to be sent across multiple media,
generated at different frequencies, you can define up to three different frequencies at which the
statements could be generated, with a primary, secondary and tertiary frequency.
If you are defining primary, secondary and tertiary statements, the frequency for each must
be different and unique; for instance, if you define a monthly primary statement, you cannot
define a secondary or tertiary statement with a monthly frequency.
As part of specifying the account statement preferences you can indicate the following for each of
the statements, whether primary, secondary or tertiary.
2-8
Click ‘Statement Parameters’ tab in the ‘Islamic Accounts Class Maintenance’ screen. The fields
in the Statement Parameters section are as follows:
Specify the following details:
Primary Account Statement Parameters
Indicate the following details.
Type
The first preference that you specify for Islamic account class is to indicate whether the periodic
generation an account statement is required. If the generation of an account statement is
necessary, you have to specify the format in which it is to be generated. The options available
are:

None

Detailed – indicating that the statement should be a detailed account of all the customer
transactions within the account class.

Summary – indicating that only a summary of the transaction details is enough.
2-9
Cycle
The system generates the account statement details at a frequency that you specify. The
frequency can be:

Annual

Semi-annual

Quarterly

Monthly

Fortnightly

Weekly

Daily
If you indicate that the statement generation frequency is weekly, you should also indicate the
day of the week on which the account statement is due. Similarly, for a monthly statement you
should indicate the day of the month.
On
To specify the frequency for a monthly statement you can specify a number between 1 and 31
(corresponding to the system date). If you set the statement date to 30, then account statements
will be generated on:

The last working day for months with < 30 days

For months with 30 days on the 30th; if 30th is a holiday on the next working day
If you set the statement date to 31, then account statements will be generated on:

The 31st, for month with 31 days; if 31st is a holiday on the next working day

The last working day for months < 31 days
For all other cycles, account statement would be generated on the last day of that cycle.
Offline Limit
This is the limiting amount till which transactions will be carried out between account(s) for the
account class you are defining here, between branches when the database connectivity is not
functional.
2-10
Enter the off-line limit here.
Note the following:

If you are defining primary, secondary and tertiary statements, the frequency for each
must be different and unique; for instance, if you define a monthly primary statement, you
cannot define a secondary or tertiary statement with a monthly frequency.

Offline limit is maintained only for primary level
Tertiary Account Statement Parameters
Indicate the following details.
Type
The first preference that you specify for Islamic account class is to indicate whether the periodic
generation an account statement is required. If the generation of an account statement is
necessary, you have to specify the format in which it is to be generated. The options available
are:

None

Detailed – indicating that the statement should be a detailed account of all the customer
transactions within the account class

Summary – indicating that only a summary of the transaction details is enough
Cycle
The system generates the account statement details at a frequency that you specify. The
frequency can be:

Annual

Semi-annual

Quarterly

Monthly

Fortnightly

Weekly
2-11

Daily
If you indicate that the statement generation frequency is weekly, you should also indicate the
day of the week on which the account statement is due. Similarly, for a monthly statement you
should indicate the day of the month.
On
To specify the frequency for a monthly statement you can specify a number between 1 and 31
(corresponding to the system date). If you set the statement date to 30, then account statements
will be generated on:

The last working day for months with < 30 days

For months with 30 days on the 30th; if 30th is a holiday on the next working day

If you set the statement date to 31, then account statements will be generated on:

The 31st, for month with 31 days; if 31st is a holiday on the next working day

The last working day for months < 31 days
For all other cycles, account statement would be generated on the last day of that cycle.
Secondary Account Statement Parameters
Indicate the following details.
Type
The first preference that you specify for Islamic account class is to indicate whether the periodic
generation an account statement is required. If the generation of an account statement is
necessary, you have to specify the format in which it is to be generated. The options available
are:

None

Detailed – indicating that the statement should be a detailed account of all the customer
transactions within the account class

Summary – indicating that only a summary of the transaction details is enough
2-12
Cycle
The system generates the account statement details at a frequency that you specify. The
frequency can be:

Annual

Semi-annual

Quarterly

Monthly

Fortnightly

Weekly

Daily
If you indicate that the statement generation frequency is weekly, you should also indicate the
day of the week on which the account statement is due. Similarly, for a monthly statement you
should indicate the day of the month.
On
To specify the frequency for a monthly statement you can specify a number between 1 and 31
(corresponding to the system date). If you set the statement date to 30, then account statements
will be generated on:

The last working day for months with < 30 days

For months with 30 days on the 30th; if 30th is a holiday on the next working day

If you set the statement date to 31, then account statements will be generated on:

The 31st, for month with 31 days; if 31st is a holiday on the next working day

The last working day for months < 31 days
For all other cycles, account statement would be generated on the last day of that cycle.
Document Check List
Specify the following details:
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Document Type
Specify the document type. The adjoining option list displays all the document types that are
maintained in the system. You can select the appropriate one.
Customer Type
Specify the customer type. The adjoining option list displays all the customer types that are
maintained in the system. You can select the appropriate one.
Mandatory
Check this box to indicate that the document specified here is mandatory.
Document Notification Details
Send Notification
This check box indicates whether to send notifications or reminders for not submitting the
mandatory documents.
Frequency (Notification)
System defaults the frequency of notification to be sent. The frequency can be one of the
following:

Daily

Weekly

Monthly

Quarterly

Half yearly

Yearly
Days (Reminder)
System defaults the number of days left for the expiry or submission due date of the documents
for sending the reminder.
2.2.3
Capturing Additional Details
You can capture additional details for the Islamic Account Class by clicking the following buttons
in the ‘Islamic Account Class Maintenance’ screen:
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Button
Function
Restrictions
This invokes the ‘Account Class - Product and
Transaction Codes Maintenance’ screen.
Branch/Currency
Restriction
This invokes the ‘Branch Currency’ screen.
Customer
Categories
This invokes the ‘Account Class - Customer List’ screen.
MIS
This invokes the ‘Management Information System’
screen.
Preferences
This invokes the ‘Preferences’ screen.
REG
This invokes the ‘REG Details’ screen.
Deposit
This invokes the ‘Deposit Account Details’ screen.
Auto Deposit
This invokes the ‘Auto Deposits’ screen.
GL Lines
This invokes the ‘GL Lines’ screen.
Status Rule
This invokes the ‘Status Rule Definition’ screen.
Amt Block
This invokes the ‘Amount Block Details’ screen.
Statement
This invokes the ‘Interim Transactions and Balance
Report ’ screen.
Notice
This invokes the ‘Notice Details’ screen.
Fields
This invokes the ‘User Defined Fields’ screen.
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2.2.4 Specifying Restrictions Details
You can place restrictions on transactions involving Islamic accounts, at the account class level.
As discussed earlier (for customer account), these restrictions get defaulted to all accounts that
are linked to the Islamic account class. But you are allowed to change these restrictions for
individual accounts as well.
To maintain the restrictions, click the ‘Restriction’ button in the ‘Islamic Account Class
Maintenance’ screen. The ‘Account Class - Product and Transaction Codes Maintenance’ screen
is displayed.
The restrictions can be based on:

Products

Transaction Codes
Validation of restrictions
During maintenance or online operations, in the respective contract screens for the restricted
transactions, when you specify the customer account, the system checks whether the account
class used by the specified account is restricted for the product that has been selected, or the
debit / credit transaction type. If so, an override is sought when such contracts are saved.
2.2.5 Maintaining Exclusion Criteria for Profit Sharing
You can specify the allowed transaction count for accounts in the account class to be considered
for the profit sharing process and also you need to specify the threshold count for every allowed
transaction code maintained for the Account Class. In case the transaction count for certain
accounts exceeds the stipulated count, then such accounts will not be considered for the purpose
of profit contribution and sharing.
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Click on ‘Exclusion Criteria for Profit Sharing’ button in the ‘Account Class - Product and
Transaction Codes Maintenance’ screen to invoke ‘Exclusion Criteria For Profit Sharing’ screen.
Here you specify the count threshold for every transaction code maintained in the system
2.2.6 Specifying Branch/Currency Restriction Details
In addition to what you have specified in the ‘Islamic Account Class Maintenance’ screen you
have the option of specifying the following for the accounts class:

List of allowed or disallowed branches and allowed or disallowed currencies

List of allowed and disallowed customer categories and allowed and disallowed
customers
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2.2.7 Maintaining Branch Preferences
You can specify the branch and currency preferences through the ‘Branch Currency’ screen.
Click the ‘Branch/ Currency Restriction’ button in the ‘Islamic Account Class Maintenance’ screen.
The screen will be displayed.
All the allowed currencies you have defined for this account class will be displayed in the Allowed
column. You can enter the minimum balance that should be maintained against each currency.
Additionally, you can also enter the currency-wise minimum balance for the profit sharing that
should be maintained in the accounts (under the account class) to be eligible for profit sharing.
Customer accounts maintained in any branch can be linked to any account class. However, you
have the option of restricting the linkage of customer accounts in a particular branch or branches
to an account class.
Example
Your bank has a total of 25 branches. Branch 001 and 004 handles only Corporate Customers. For an
account class, say, SAV-IND (savings accounts of individuals) you would like to disallow linkage of all
customer accounts of branch 001 and 004.
To specify this, click on disallowed since the disallowed branch list is smaller than the allowed
branch list. From the list of Available Branches select 001 and click the adjoining arrow. Repeat
the procedure for 004. 001 and 004 will be listed under disallowed branches.
For specifying the allowed list of branches, first click on allowed. You will notice that the list
title changes accordingly to allowed and vice versa. You should select allowed or disallowed
depending upon the length of the list.
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2.2.8 Maintaining Currency Preferences
In this screen you can specify the following for an account class:

Those branches to which all parameters defined for this account class should be
available

Those currencies in which all customer accounts linked to this account class can operate
For all accounts under this account class you have the option of specifying currencies in which
transactions are allowed/disallowed.
Example
You want to restrict all account level transactions under the account class Corporations for corporate type
accounts to four important currencies only, say - USD, GBP, JPY, and DEM. You can specify the same. But
currency preference needs to be accompanied by specifications regarding the minimum balance limit in
each currency.
To do this, click the ‘Currency Preferences’ button in the ‘Branch Currency’ screen to invoke
‘Currency Preferences’ screen.
For every allowed currency, you can enter the minimum balance that should be maintained
against each currency. Additionally, you can specify the limit for performing cash transactions in
an ATM. You can also enter the currency-wise minimum balance for the profit sharing that should
be maintained in the accounts (under the account class) to be eligible for profit sharing. You can
also specify the cash reserve ratio (CRR percentage) for different currencies. Amount as per this
ratio will be deducted from the account balance before applying weights. If the box ‘Escrow
Transfer Applicable’ is checked for the account class, you can capture currency-wise cash
deposit limit for the Trust accounts linked to the account class.
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2.2.9 Specifying Customers/Categories Details
Instead of linking each customer account to the account class, a customer category is linked to
the class.
For an account class you should specify the category that should be linked to it and also specify if
all customers under each of the categories are to be linked to the account class. In the ‘Account
Class - Customer List’ screen you have the option of specifying the categories that should be
linked to this account class and within a category you can also restrict individual customers to be
linked to the class.
To indicate allowed customer categories click the ‘Customers/ Categories’ button. The ‘Account
Class - Customer List’ screen will be invoked.
In this screen you define the following:

A list of allowed or disallowed customer categories

A list of disallowed customers (if any) under the allowed category
For an account class you need to specify the customer categories that should be linked to it and
also customers within a category who should not be allowed to be linked to this account class.
Example
Requirement
You are capturing the features of a Nostro account class called NostroLCY, you would like to:

Associate the customer category called Banks with NostroLCY
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
Disallow a customer called Midas-Bank associated with the customer category called
Banks from using the features of this class

Grant your customer Morgan Stanley linked to the customer category called Financial
Institutions all rights associated with NostroLCY
Procedure
In the Selection Indicator field click on Allowed (since your allowed list is smaller and therefore easier to
indicate).
1. Highlight and select the Customer Categories called Banks and Financial Institutions in the Available
Categories list and click the adjoining arrow.
2. Next, highlight Financial Institutions and click adjoining arrow against Customers. It will display the
entire list of customer accounts maintained under the customer category Financial Institutions
3. Select Morgan Stanley. It will be listed in the first row. To allow this customer the parameters assigned
to this account class check the small square box alongside
4. To add a row, click the Add icon. To delete an extra row, click the Delete icon
5. To disallow Midas Bank, click on Banks under available categories. Click the adjoining arrow against
Customers, to display a list of all the customers under this category. Select Midas Bank. Since you
would like to disallow this customer do not check the square box against it
Check the square box to allow a customer the parameters assigned to this account class.
Leave the box unchecked to disallow a customer from being assigned to this account class.
2.2.10 Specifying MIS Details
To invoke the MIS details screen for an account, click the ‘MIS’ button while opening/modifying
the account. The entities defined for the customer will be picked up by default and these entities
can be changed.
For an account, the transaction type of MIS class will be picked up from the account class, along
with the cost codes and pool codes. The composite type of MIS class will be defaulted from those
defined for the customer. These too can be changed.
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2.2.11 Specifying Preferences Details
To set preferences, click the ‘Preferences’ button in the ‘Islamic Account Class Maintenance’
screen. The ‘Preferences’ screen is displayed.
Preferences are the options or attributes that uniquely distinguish an account class. The following
are the preferences that you can specify for Islamic account class:

Limit Check – You can check this box to indicate that a limit check for sufficient
availability of funds in the account will be made for all accounts belonging to the account
class.

Overdraft Facility – If checked, it indicates that all accounts belonging to this class would
be allowed an overdraft facility (facility to draw a specified amount over and above the
balance in the account).

Passbook Facility – If checked, it indicates that accounts linked to the account class are
issued passbooks.

Track Receivable – If checked, you can choose to block the subsequent credit that
happens to the settlement account (linked to this account class) of a finance contract or
retail teller contract, if the system detects insufficient funds in the account, during
liquidation. In other words, the system will track the account for receivables (credits). As
and when a credit happens, the funds will be allocated to the finance or the retail teller
contract for liquidation.
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
Account Statistics - You can enable printing statistics in respect of accounts using an
account class, either period code-wise or financial year-wise, for the following customer
information:

Low and High Balance for a period - The lowest and highest current balances for the
period.

Average credit and debit balance for a period - This is computed as the sum of credit
/ (debit) current balances in a period, divided by the number of days of credit/(debit)
balance during the period.

Credit and debit days - The number of days the account was in credit/ (debit) balance
in the period.

Credit and Debit Turnover - The credit/(debit) turnover for the period.

Excess days in debit balance - The number of days in a month when the account
exceeded the overdraft limits

Overdraft Limit - This is computed by summing the temporary overdraft limit and the
sub-limit of the account. For each month, this would represent the limit on the last
date of the month.

Credit grade of the Customer - This would be the prevalent rating on the last day of
the period. For the current period, this information is provided up to the previous
working day.
To enable printing of this information for all accounts using the account class, you must enable
the Account Statistics option in the ‘Islamic Account Class Maintenance’ screen.
For each account class for which account statistics has been enabled, an accounting End of Day
(EOD) process updates the statistics table both period-wise and according to financial years. The
book-dated balances are used for computation of statistics, and the balances are maintained
according to accounting periods.
For information about viewing the period-wise account statistics, refer the section Querying on
Account Statistics, found earlier in this chapter.

Exclude Same Day Reversal transaction from Statement - If you do not wish transactions
booked and reversed on the same day to be reflected in the account statement, you can
specify the preference here. This feature is applicable only for the customer account legs
and not for the related GL legs. Also, reversals made through the DE module will not be
considered for exclusion. Your specification for this at the account class level defaults to
all accounts involving the class. You can change it for a specific account. For comparing
transactions the system will look for similarity of reference number and date.

Back Period Entry Allowed –If checked, indicates that back-valued entries can be posted
to account belonging to the class as long as the account is open. You will be allowed to
change this specification for a specific account. While posting back-valued transactions,
the system verifies whether the ‘Back Period Entry Allowed’ option has been enabled for
the account class. If the option has not been enabled an error message is displayed. This
check is also performed while uploading journal entry transactions.

Profit Statement - Check this box to generate the profit statement.
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
Available Balance Check Required – Check this box to indicate available balance is
required or not

Referral Required - Enabling this option indicates whether a referral check should be
performed on accounts belonging to the account class. Consequently, the system checks
the available balance (not the current balance) while performing the referral checks for all
transactions involving the account. If a transaction involving the account results in the
account moving to overdraft, the account and transaction details will be sent to the
Referral Queue.

Status Change Automatic - If you check this option, the status of the account will be
changed automatically by the system as per the conditions maintained in the ‘Status Rule
Definition’ screen. If you do not select this option, you have to change the status
manually through the ‘Manual Status Change’ screen. These screens are discussed in
detail in the subsequent sections of this document. This specification will be defaulted to
all the accounts reporting to this account class.

Integrated Liquidity Management – Check this box to generate integrated liquidity
management

ATM – If checked, it indicates that accounts linked to the class will avail the ATM facility

Consolidation for Inward Clearing - You need to indicate whether or not consolidation is
required for inward clearing transactions in a batch at the Account Class level. The
indication for this option is carried forward to the ‘Islamic Customer Account Maintenance’
screen. If this option is unchecked here, it cannot be checked in the ‘Islamic Customer
Account Maintenance screen’.

Profit Charges – If checked, it indicates that for profit and charges computation the Profit
and Charges module will process accounts linked to this class.

Track Accrued Profit – If checked, it indicates whether accrued profit in the Profit and
Charges module on an account linked to this class, would be considered while computing
credit utilization for the account.

Credit Advices– If checked, indicates that for all accounts belonging to this class, the
system will generate a credit advices on profit liquidation. The advices are generated
during end of day processing in SWIFT or/and MAIL format. You can also specify this
preference through the ‘Special Conditions’ screen.

Posting Allowed – If checked, indicates that the account class being created is to be used
while creating IRA monetary accounts. Monetary accounts used for IRA need to be
distinguished from the other accounts in Oracle FLEXCUBE, so that these accounts do
not come up for posting in the other Oracle FLEXCUBE screens.

Lodgment Book - If you wish to allow orders of lodgment books for all accounts that use
this account class, you can indicate so, in the ‘Islamic Account Class Maintenance’
screen, by selecting the Lodgment Book option.
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
Replicate Customer Signature - Check this box to indicate that customer signature should
be replicated. On checking this option, the signature of the customer gets defaulted to
account level.

Profit Calculation Balance Basis - You can specify the balance basis on which all
accounts under this account class should be considered for Mudarabah profit sharing.
You can choose the appropriate option from the following values available in the dropdown list adjoining the field ‘Profit Contribution Balance Basis’:

Monthly Average Balance - This option indicates that the system will check whether
or not the average balance in every account (under this account class) is equal to or
greater than the minimum balance for profit sharing.

Month End Balance - This option indicates that the system will check whether or not
the balance on the last day of the month in every account (under this account class)
is equal to or greater than the minimum balance for profit sharing.

Dly Net Balance & Avg Balance - This method of calculation is similar to the average
balance calculation (as explained above) with the only difference that, whenever the
day end balance of an account falls below the minimum balance (Not the Minimum
balance maintained for profit Sharing) stipulated for the account, the contribution of
that days balance will be taken as ‘zero’ while doing summation for the month.
System will not check the Balance arrived from the above method with the Minimum
balance maintained for Profit Sharing.

Min. Balance - This option indicates that the system will check whether or not the
lowest ever balance in every account (under this account class) is equal to or greater
than the minimum balance for Profit Sharing.
Based on the balance basis chosen, if the system finds the account balance greater than or equal
to the minimum balance for profit sharing (Except for Dly Net Balance & Avg Balance), the
system will consider that account for profit sharing.

Mudarabah Fund ID - You can indicate as to which fund the aggregate account balance
of all the customers under this account class will report for the depositor contribution from
the option list.

Processing for consolidation of inward Clearing - During the Inward Clearing process, the
consolidated entry for clearing will be passed according to the following grouping:

Remitter’s Account

Clearing Product

Instrument Currency

Remitter’s branch

End point
A consolidated clearing entry will be passed using a separate Transaction Code maintained in the
‘Clearing Product Preferences’ screen. This Transaction Code should be set with Cheque
Mandatory option as No in the ‘Transaction Code Maintenance’ screen.
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One consolidated clearing entry will be passed for each of the above groups. Entries will be
passed against a common reference no. generated for each of the groups. After the consolidated
entry has been passed, each individual instrument will be processed separately to pass charge
entries (if applicable) at the transaction level.
Cash Reserve Ratio
Specify the cash reserve ratio that should be maintained for all accounts under this account class.
This ratio will be applied on the account balances before applying weights during profit
distribution.
Exclude from Distribution
Check this box to indicate that accounts under this account class should be excluded from profit
distribution.
No. of Days For Salary Block
Specify the number of days for salary block. At the time of salary credit in to a customer account,
the system will place an amount block for the number of days specified here from the date of
salary credit. The amount blocked will be equal to the finance installments due during this period.
Example
For single finance installment:
No. Of Days for Salary Block
: 15 days.
Salary credit amount
: 10000 AED credited on 30-Oct-2009
Finance1 Installment Amt
: 5000 AED due on 05-Nov-2009
System will check for the Finance installments falling due till 14-NOV (salary credit on 30-Oct + 15). The
system will put an amount block of 5000 AED with expiry date as due date i.e. 05-Nov-2009 and Effective
date as Application date i.e. 30-Oct-2009. The created amount block will have amount block purpose code
as ‘05’ and Remarks field will be populated with Finance A/c Number.
Note: For a given finance account schedule, all the applicable component amounts are summed up and a
consolidated amount block will be created.
These amount blocks created by system for hold on salary purpose cannot be amended by users and only
can be closed if required for the purpose of doing a manual liquidation for finance prepayment.
For multiple Finance instalments:
No. Of Days for Salary Block
: 15 days
Salary credit amount
: 10000 AED credited on 30-Oct-2009
Finance1 Installment Amt
: 5000 AED due on 05-Nov-2009
Finance2 Installment Amt
: 3000 AED due on 10-Nov-2009
In this case, 2 block amount transactions will be placed by system on 30-oct-2009 (on Salary credit date) in
the order of finance installment due date with block amounts.
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No of days for Closing Unauthorized Accounts with No Activity
Specify the number of days (inactive days) allowed for closing unauthorized accounts with no
activity.
No of days for Closing Authorized Accounts with No Activity
Specify the number of days (inactive days) allowed for closing authorized accounts with no
activity.
Cheque Book Preferences
Oracle FLEXCUBE provides you with the facility to automatically trigger the reorder of Cheque
Books for all accounts reporting to a specific account class. However, you have the option of
changing your preferences at the account level also.
To facilitate automatic reordering of Cheque Books, you have to maintain the following details:
Cheque Book
To indicate that automatic reordering of cheque books should be allowed and for specifying the
details for the same, you have to check this option. If not selected, you will not be able to maintain
the automatic reordering preferences for the account class.
Auto Reorder of Cheque Book
You have to select this option to specify that automatic reordering of Cheque Books is required
for all accounts reporting to this account class. This field will be enabled only if you have checked
the ‘Cheque Book’ option explained above.
Reorder Level
Here, you have to indicate the level at which the reordering of Cheque Book should happen.
Automatic reordering will be set off by the system when the unused number of cheque leaves
becomes equal to or less than the re-order level that you maintain here. This field will be enabled
only if you have indicated that automatic reordering of Cheque Books is required i.e. the ‘Auto
Reorder of Cheque Book’ option is checked.
Reorder Number of Leaves
In this field you have to specify the number of leaves that should be ordered for the new Cheque
Book. This field will be enabled only if you have checked the ‘Auto Reorder of Cheque Book’
option.
Max No. of Cheque Rejections
Specify the maximum number of cheque rejections that can be allowed for an account.
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2.2.12 Specifying REG Details
For Islamic account class, you can define whether the Regulation D limits are applicable, and the
period over which the limits would be applicable. To invoke ‘REG Details’ screen, click the ‘REG’
button in the ‘Islamic Account Class Maintenance’ screen. You can specify the Regulation D
applicability details in this screen.
If you indicate the periodicity of Regulation D applicability as ‘Statement Cycle’, the restricted
transactions would be counted over the primary statement cycle defined for the account class.
The Regulation D applicability details specified for the account class would default to all accounts
using the class. However, you can make changes to these details when you set up a customer
account that uses the account class.
2.2.13 Specifying Deposit Details
To handle term deposits in Oracle FLEXCUBE, you have to set up an account class of type
‘Deposit’, in the ‘Account Class Maintenance’ screen.
Identify the account class you are setting up with a unique code and a brief description. To handle
term deposits, choose the Deposit option under Account Type.
Typically, for every deposit scheme you offer at your bank, you would set up a Deposit Type
Account Class.
Click the ‘Deposit’ button to define the parameters for a deposit type account class. The ‘Deposit
Account Details’ screen is displayed.
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If you want to allow partial redemption of TDs linked to this account class, you will have to check
the box ‘Allow Partial Redemption’.
Refer the chapter ‘Term Deposit Maintenance’ in the ‘Term Deposits’ User Manual for more
details about this screen.
2.2.14 Specifying Auto Deposit Details
You can create an auto deposit in case the balance in the source account is overdrawn. The auto
creation of deposits is carried out as an end of day process. For creating an auto deposit, you
have to maintain the following parameters:
Account Class
For creating an auto deposit, you have to specify an account class of the deposit. The tenor and
profit conditions maintained for the selected account class will be defaulted.
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You cannot create an auto deposit if the Account class you have chosen has expired, that is,
surpassed the end date maintained for the account class. The system will log an exception in
such a case.
Transaction Code
You have to specify the transaction code for the auto creation of the deposit.
Currency
Mention the currency in which the deposit is created.
Minimum Required Balance
The minimum balance indicates that only the amounts above this limit will be used for auto
creating deposits. You have to specify the minimum amount that the customer can retain in the
account.
Cluster ID
The system displays the cluster id linked with the deposit account class linked to the savings
account class.
Break Deposits First
Check the box to indicate whether you want the funds to be moved by breaking deposits before
breaking the deposit accounts. If you leave the box unchecked, the funds will be moved first from
the linked CASA accounts.
Def Rate Code
Select the code of the differential rate from the adjoining option list.
Def Rate Type
Select the type of differential rate code; whether ‘Mid’ or ‘Buy’ or ‘Sell’.
Sweep Mode
You can indicate the pattern in which sweep outs are created by selecting any on of the two
options:

Auto – Here the amounts are automatically swept out at the end of day when minimum
balance exceeds.

Manual – You have to manually initiate the sweep. The sweep will execute only those
instructions that are specified while account opening/ad hoc.
Break Method
You can choose to maintain the any of the following order of breaking deposits:
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
LIFO (Last In First Out)– Indicates that the last created deposit will be broken first

FIFO (First In First Out) – Indicates that the Earliest Deposit will be broken first

MAXB (Maximum Balance) – Indicates that the Deposits are broken in descending order
of available balance

MINB (Minimum balance) – indicates that the order of breaking of Sweep / Auto deposit
will be done for the Account / Deposit with the Minimum Balance
Provide Profit on Broken Deposits
You have to specify whether you want provide profit on deposits that were broken prematurely.
Check the box to indicate that you want to give the profit for the deposits. Leave it unchecked to
indicate otherwise.
2.2.15 Specifying GL Lines Details
In Oracle FLEXCUBE, you can assign different status codes to the account class, which will be
applicable to all the accounts under it. The accounts will move from one status to the other based
on the number of days they have remained inactive in the system. The status of an account will
determine whether the account should be marked as an NPA (Non-Performing Asset) or not.
Further, you can also specify the reporting lines (for GL, Central Bank, and Head Office) to which
accounting entries should be passed when an account moves from one status to the other. You
can post all debit and credit balances of one account class to a single General Ledger account.
Conversely, you also have the option of posting debits and credits to separate GLs.
The status codes and the reporting lines for each status may be defined in the ‘Status Details’
screen. Click the ‘GL Lines’ button in the ‘Islamic Account Class Maintenance’ screen to invoke it.
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You can specify the following details in this screen:
Status
You can select the different status codes applicable to the account class, in this field. Use the
Add icon to define each status and the attributes for the same. You can use the navigation icons
to move from one status to the other.
Only status codes with status type ‘Account’ will be available in the option-list if the Status
Processing Basis is defined as ‘Contract/Account’ for all branches, in the Branch Parameters. If
the Status Processing Basis is defined as ‘Group/CIF’ level for any branch, then the statuses of
type ‘Both’ are available. In this case, it is mandatory to link all the statuses defined.
On selection of the status, the associated description will be displayed alongside.
Specifying Reporting line Details
You can enter the following details:
Dr and Cr GL Lines
Select the debit GL account, to which all debit balances within a specific account class will report
to, when it moves to the status being defined. You can identify the debit GL from the list of
existing GLs. Likewise, all credits within a particular account class will report to the GL account
that you have identified to track credits.
Dr and Cr Central Bank Lines
Select the Central Bank Debit line to which all debit accounts belonging to an account class
should report to when it moves to the selected status. You have maintained Central Bank Debit
lines in the ‘Reporting Lines Maintenance’ screen. You can select the appropriate CB Debit Line
from the available option-list.
Similarly, all accounts belonging to an account class, if in credit should report to a Central Bank
Credit Line for the selected status. You can identify the CB Credit Line that should be associated
with the status from the option-list available.
Dr and Cr Head Office Lines
This is the Debit Head Office GL maintained in the ‘Reporting Lines Maintenance’ screen to which
all accounts belonging to this class will report, if they move to the status being defined.
Similarly, select the Credit Head Office GL maintained in the ‘Reporting Lines Maintenance’
screen to which all accounts belonging to this class will report to, when they move to the status
being defined.
As a mandatory requirement, you have to associate the status ‘NORM’ (Normal) when
maintaining status codes for an account class.
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Accounting Roles and Heads for Provisioning
In addition to the provisioning preferences that you specify for an account class, you must also
maintain the accounting roles and heads representing the GLs to which the accounting entries for
provisioning must be passed, for each account status. You can maintain this information in the
‘Status Details’ screen, when you define each of the status codes.
Rebook Provisioning on Status Change
In the ‘Status Details’ screen, you can indicate whether provisioning entries for an account must
be rebooked when provisioning is done after an automatic status change for the account.
Rebooking essentially means that fresh provisioning is done, after writing back the previous
provisioning amount.
The provisioning batch process, when executed, not only computes the provisioning amount; it
also records the current status of the account and checks whether the current status is different
from the status that was prevalent when the process was previously executed. If so, the old
provisioning amount is reversed (if the Rebook Provision option has been set in the Status
Details), and the entries for the new provisioning amount are booked into the provisioning and
write back GLs maintained for the current status in the Status Details.
If the Rebook Provision has not been set, there is no reversal of the old provisioning amount, and
the differential provisioning entries are passed, as usual, into the GLs maintained for the new
status.
2.2.16 Specifying Status Rule Details
If you have opted for automatic status change for all accounts belonging to an account class, you
have to maintain the criteria based on which the system will bring about the status change
automatically.
You can define the different criteria in the ‘Status Rule Definition’ screen. Click the ‘Status Rule’
button in the ‘Islamic Account Class Maintenance’ screen to invoke it.
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In this screen, you can define five conditions for each status applicable to an account class. An
account will be said to be in a specific status if any one of the five conditions associated with the
status holds true for an account. Conversely, if all the conditions are false, the account will
automatically move to the next available status for which the condition is true.
Elements
The following elements are available based on which you can build a condition for automatic
status change. You can associate each of these elements with an account, in the ‘Customer
Accounts Maintenance’ screen.
The set of elements are as follows:

Frozen

Dormant

Nodebits

Nocredits

Stoppayment

Current Status
In addition, the following elements will also be available for processing:

OD (overdraft) Days

Inactive Days

Overline Days

TOD (Temporary Overdraft) Days

Customer Classification
Logical Operators
Logical Operators are indicators of certain conditions that you specify while building a rule. These
operators are used in combination with the elements discussed earlier. The following is a list of
logical operators that you would require to build a status rule:
AND
The conjunction ‘and’
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AND
The conjunction ‘and’
OR
The conjunction ‘or’
>
Greater than
>=
Greater than or equal to (please note that there is no space
between the two symbols)
<
Less than
<=
Less than or equal to (please note that there is no space
between the two symbols)
<>
Not equal to (please note that there is no space between the
two symbols)
=
Equal to
2.2.17 Specifying Amount Block Details
The allocation of funds will occur as per the product sequence you maintain in the ‘Amount Block
Details’ screen invoked from the ‘Islamic Account Class Maintenance’ screen. Click the ‘Amt
Block’ button to access this screen.
In this screen, you will specify the sequence of products based on which funds will be made
available when a credit is posted to an account with a track receivable option. The sequence
number is automatically generated by the system. All authorized products of your bank will be
available in the option-list. On selection of the product, the product description will appear
alongside.
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Whenever a credit happens to an account with a track receivable option, the system will check if
the account has any receivable being tracked against it. If yes, the amount is blocked as a
receivable and this process continues until the amount needed for liquidation becomes fully
available.
The batch process run as part of EOD/BOD will liquidate the loan contract or retail teller
contracts.
If the amount received is not sufficient for full liquidation, then depending on the minimum amount
required for liquidation, the system would initiate a partial liquidation for loans but for retail teller
contracts liquidation will be initiated only when full amount is available.
The following example illustrates the manner in which the system will use the sequence for
allocation of funds:
Assume that you have maintained the following product sequence for funds allocation:
Sequence No.
Product
1
ADBN
2
LDBD
3
ABCD
The liquidation schedule dates for the various loan contracts are as follows:
Contract
Liq. Schedule Dt.
LDBD001
1 January 2002
LDBD002
1 January 2002
ADBN001
2 January 2002
ABCD001
2 January 2002
Liqd. Amt. (in USD)
st
1000
st
500
nd
1000
nd
500
Further, all contracts are marked for auto liquidation and the settlement account for all contracts is A1. The
st
balance in account A1 as on 1 January 2002 is 500 USD.
Batch liquidation
run as part of
st
BOD/EOD on 1
Jan.
Liquidation does not occur as the system detects
insufficient funds in A1 (only 400 USD). The
account is marked for receivable tracking and a
block is placed on 400 USD.
A credit of 500
nd
USD to A1 on 2
Jan.
The total amount blocked gets updated to 1000
USD. Since we have two contracts involving the
same product (LDBD) maturing on the same date,
funds will be allocated to the first contract,
LDBD001 (based on the Contract Reference
Number). Subsequent credits to the account will
be used towards loan LDBD002.
Since contracts with LDBD have earlier schedule
dates, funds will be allocated to them though, as
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per the product sequence, contracts with ADBN
should receive the funds first. The liquidation
schedule date takes precedence in this case.
Further credits to account, A1 will be allocated
against the contract ADBN001 followed by the
contract ABCD001. This will be based on the
product sequence number since both contracts
have the same schedule dates.
Within a contract, allocation of funds towards the
various components like profit, compensation profit
etc. will be determined by the ‘Liquidation Order’
maintained for the loan product.
To sum up, the schedule date of the loan contract
takes precedence followed by the product
sequence and finally the liquidation order.
If insufficient funds are detected in an account with a receivable tracking, the system will
trigger the event ‘LBLK’ indicating that enough funds are not available and that subsequent
credits made to the account will be blocked as a receivable.
2.2.18 Specifying Statement Details
Interim Transaction reports are maintained through the ‘Interim Transactions and Balance Report’
screen. Click the ‘Statement’ button in the ‘Islamic Account Class Maintenance’ screen to invoke
this screen.
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Specifying Interim Transactions Report
Generate Message
Check this box to indicate that the periodic interim statement (MT942) generation is required for
the account. The ‘Consolidated Statement’ and ‘Generate Message’ are mutually restricted.
Generate Message Only on Movement
Check this box to indicate that the interim statement generation is required, only if additional
entries have been posted subsequent to the previous interim statement generation.
Report Transaction Since
This section lists all the transactions of the interim account statement, which are supposed to be
reported. You can choose the appropriate values applicable:

MT942 - This indicates that all transactions posted and authorized since previous MT942
would be sent in the current interim statement.

MT940 - This indicates that all transactions posted and authorized since previous MT940
will be sent in the current interim statement. If this option is selected, you will have to
specify the cycle of account statement to be considered.

MT941 - This indicates all transactions posted and authorized since the issue of a
previous MT 941 in the current balance report
Interim Report Type
Select the interim report type from the adjoining drop-down list. This list displays the following
values:

Primary

Secondary

Tertiary
Minimum Debit Amount
Specify the minimum transaction amount for the debit transaction to be eligible for reporting in the
interim statement. The corresponding amount for the account currency will be defaulted.
However, you can modify the amount defaulted. If the amounts are not defined at the account
class for the currency in which the account is being created, no defaulting of amounts shall be
done.
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Minimum Credit Amount
Specify the minimum transaction amount for the credit transaction to be eligible for reporting in
the interim statement. However, you can modify the amount defaulted. If the amounts are not
defined at the account class for the currency in which the account is being created, no defaulting
of amounts shall be done.
Generate Balance Report
To indicate that the customer account is considered for generation of its balance message, check
this box.
Report Transaction Since
This section lists all the transactions the customer account has undergone, in the interval of
balance messages generated for the account. You can choose the appropriate values applicable:

MT940: This indicates all transactions posted and authorized since the issue of a
previous MT 940 in the current balance report

MT941: This indicates all transactions posted and authorized since the issue of a
previous MT 941 in the current balance report
Of
Select the mode of message for balance generation from the adjoining drop-down list. This list
displays the following values:

Primary

Secondary

Tertiary
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2.2.19 Time Interim Transactions Report
2.2.20 Times – Balance Report
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2.2.21 Specifying Notice Details
Notice preferences are maintained through the ‘Notice Details’ screen. Click the ‘Notice’ button in
the ‘Islamic Account Class Maintenance’ screen to invoke this screen.
The following field is displayed in this screen:
Description
The following details are defaulted from the account class maintenance level. However, at the
account level you are allowed to modify this.
Advance Profit
Check this field to levy the advance profit on the account
Note the following:

The customer is liable to pay this advance profit in case he/she fails to provide the
required notice to the bank

The system deducts the advance profit from the credit profit earned by the customer on
his/her credit balance in the account
Monthly Free Amount
Specify the amount that the customer can withdraw per calendar month from his/her savings
account without being liable to pay advance profit.
Notice Days
Specify the number of days before which the customer should notify the bank if he/she wants to
withdraw an amount more than the ‘Free Amount’ from his/her account.
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Validity Period
Specify the validity period in number of days. During this period, the customer can do the
withdrawal of the amount for which he/she notified the bank.
This screen is applicable only for saving type of account
2.2.22 Specifying Fields Details
User defined fields are maintained through the ‘User Defined Fields’ screen. Click the ‘Fields’
button in the ‘Islamic Account Class Maintenance’ screen to invoke this screen.
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2.2.23 Triggering a Batch for Accounts Eligible for Profit Sharing
Based on the balance basis maintained in the ‘Account Class Maintenance’ screen and the
transaction code-wise exclusion criteria maintained in the ‘Exclusion Transaction Count’ screen,
the system will exclude all the accounts which satisfy the Exclusion criteria. You can trigger this
Exclusion process through the ‘Profit Calculation Exclusion Batch’ screen. You can invoke the
‘Profit Calculation Exclusion Batch’ screen by typing ‘STDREXBT’ in the field at the top right
corner of the Application tool bar and clicking the adjoining arrow button.
You can enter the following details in this screen:
Period Code
Specify the period code for which you wish to run the batch process. The adjoining option list
displays all the period codes maintained in the system. You can select the appropriate one.
Financial Year
Specify the financial year for which you wish to run the batch process. The adjoining option list
displays all the financial year codes maintained in the system. You can select the appropriate
one.
Click the ‘Submit Batch’ button to execute the batch. The system will identify all accounts that are
not eligible for profit sharing in the given period and finanial year and exclude them from the profit
sharing computation process. The system will update the Mudarabah _Rate (UDE) as Zero with
effective date as the start date of the period.
2.3
Maintaining Islamic Customer Accounts
You can define Islamic customer accounts for all the customers of your bank through the ‘Islamic
Customer Accounts Maintenance’ screen.
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Each Islamic deposit account that you define is identified with an account number. The structure
of the account number is based on the account mask you have maintained through the Account
Parameters sub-screen of the ‘Bank-wide Parameters’ screen.
The account number can be combination of the CIF Number, the Islamic account class, currency,
and any other alphabet/s or number/s of the account or currency as defined.
For an account number, you also need to define (in this screen) other parameters like: the
account class; the type of account - joint or single; the reporting lines for the account; the
currency in which transactions can be passed to this account; the customer’s account limit; the
check book/passbook/ATM facility, the various statuses applicable to the account and so on.
Every Islamic account created or modified in Oracle FLEXCUBE needs to be authorized to
become effective. Whenever a new customer account is created or an existing record is modified,
the system generates a notification message on the record authorization. This notification
message can be sent to any external system if required.
You can query or modify the account details of the customers whose accounts are permitted
to you for the query/modification in the ‘Group Code Restriction’ screen.
You can invoke the ‘Islamic Customer Accounts Detailed’ screen by typing ‘IADCUSAC’ in the
field at the top right corner of the Application tool bar and clicking the adjoining arrow button.
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The details maintained in this screen have been classified into three broad heads:
Main
Here you maintain the basic attributes of each customer account like
the account number, customer code, the account class, account
currency, type of account - single or joint, account status, other
statuses applicable, Cheque Book preferences and so on
Auxiliary
Here you can view other details like provisioning and so on.
Nominee
Nominee details are maintained under nominee head
The ‘Islamic Customer Accounts Detailed Main’ screen is displayed by default when you invoke
the ‘Islamic Customer Accounts Detailed’ screen. The Branch Code of the sign-on branch is on
display.
Branch Code
The system displays the branch code of the sign on branch.
Account
You can indicate the account number of the customer. One customer can have any number of
accounts.
The structure of the account number is defined in the customer account mask maintained in the
Account Parameters sub-screen of the Branch-wide parameters screen. The account number can
be a combination of the account class, customer code (CIF Number), serial number or currency
as defined in the customer account mask.
The last constituent of the account number is always a system generated check digit (it could be
alphabetical or numeric depending upon the mask defined).
You cannot alter the relative position of the constituents of customer account (as defined in the
mask) while maintaining actual customer accounts.
Currency
You have to identify the currency of the customer account. A list of all the currencies maintained
in the system will be displayed in the available list. You can select the currency of transaction for
the respective account. If the currency of the account is not defined for the current period in the
‘Turnover Limit Maintenance’ screen, you will not be able to save the account.
In case the account is linked to a fund, The system defaults the fund currency. You cannot modify
this.
SD User Reference
The system displays the SD user reference for the TD accounts.
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Customer No
If you have included the CIF Number of the customer as part of the Account Mask, the system
automatically defaults the CIF code of the customer in the respective field. You can modify this
code.
However, while defining the Account Mask in the Account Parameters section of the Bank-wide
Parameters screen, if you have specified that the CIF Number should not be a part of the account
mask you will have to specify the customer code manually. A list of all the valid customer codes is
displayed in the available option list. You can select the appropriate.
Customer Name
On entering the Customer No, the customer name is automatically displayed.
Account Class
In Oracle FLEXCUBE, you can classify the customer accounts of your bank into different groups.
Each group is referred to as an account class and is maintained in the Account Class
Maintenance screen. For each class, you have to define certain common attributes applicable to
all accounts in the particular class.
While maintaining a specific account you have to identify the class to which the particular account
belongs. You can select the appropriate account class from the list of all the valid account classes
maintained in the system. Account classes that have surpassed their end date (expired) will not
be displayed in the option list.
2.3.1 Main Tab
The ‘Main’ tab is displayed, by default, in the ‘Islamic Customer Accounts Detailed’ screen. The
fields in the Main section are as follows:
Description
This is the description of the account. Here you can enter the nature of the account like current,
savings, overdraft, and so on. If a customer has two or more accounts under one account class
you can specify the purpose of that account.
Account type
You have to indicate whether the account is to be opened only by the account holder or whether it
can be jointly operated.
Fund Id
Select the fund id from the adjoining option list. The system defaults the value of Default
Mudarabah Fund as fund id.
The system displays this field only in a case where the selected branch is a fund branch.
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Country Code
To define the country limits for each individual country you have to select the country code from
the option list available.
Mode of Operation
Indicate the mode of operation. Choose one of the following options from the drop-down list:

Single

Jointly

Either-Any one or Survivor

Former or Survivor

Mandate Holder
Account Open Date
You have to capture the date on which the account was opened.
Alternate Account Number
You have to define an alternate account number for the account you are defining. The alternate
account number that you specify should be unique for each customer. You can capture the old
account numbers used by your bank before installing the Oracle FLEXCUBE system. The old
account numbers would be mapped with the new account numbers. This would facilitate quick
tracking of the account and generating queries.
In the Data Entry Module, you can input a transaction using the alternate account number instead
of the actual account number.
Clearing Bank Code
The clearing bank code for the customer account is generated automatically if you have opted for
auto generation in the Branch parameters
Clearing Account Number
The clearing account number for the customer account is generated automatically if you have
opted for auto generation in the Branch parameters. The account number is created according to
the account mask you have maintained for the branch. This will be mandatory, and has to comply
with length of 9 characters and MOD 11 validation, if the value of the UDF ‘Clearing A/C
Mandatory’ is maintained as YES in the Field Name to Value Definition screen.
However, you can choose to change this number here and the system validates this number with
the account mask you have maintained for the branch
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IBAN Account Number
To capture the detail of the IBAN account for a specific customer, you have to enable the ‘IBAN
Required’ option by enabling it. Subsequently, click the ‘M’ button. The IBAN details sub-screen
will be displayed.
In this screen, you can capture the IBAN Account Number as well as the bank code of the bank
where the IBAN account resides.
Address
Specify the address of the customer.
Statuses
The status reflects the status of the account. The account may have a No Credit or No Debit
order issued against it or a Stop Payment order or it may have been frozen for some reason and
therefore dormant. While posting transactions to the customer account, the system checks the
status of the account before the entry is processed
No Debits
No debits can be posted to the account. For example, Silas Marner, a customer of your bank,
going abroad for a year instructs you not to debits his account till his return. You can execute this
instruction by checking this box.
No Credits
No credits can be posted to the customer account by enabling the check box positioned next to
this field
Stop Payments
For Stop Payments, if in the CASA module a stop payment instruction is issued (for a check or an
amount) against the account number, the system automatically enables the ‘Stop Payment’ check
box. When the stop payment instruction is withdrawn, the status gets updated accordingly. If a
customer has requested for stop payment of multiple cheques, the ‘Stop Payment’ option will
continue to remain checked till the last request is also cancelled. After cancellation of the last stop
payment instruction, the option gets updated (unchecked) immediately
Dormant
The system updates this status for an account based on the dormancy days specified in the
‘Account Class Maintenance’ screen.
Frozen
If you have frozen a customer account in the ‘Customer Information Maintenance – Basic’ screen
the accounts gets frozen. For instance, at the behest of a court order, the status of the account is
reflected here in the ‘Customer Accounts Maintenance’ screen.
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Posting Allowed
If checked, indicates that the account class being created is to be used while creating IRA
monetary accounts. Monetary accounts used for IRA need to be distinguished from the other
accounts in Oracle FLEXCUBE, so that these accounts do not come up for posting in the other
Oracle FLEXCUBE screens.
Status Change Automatic
This specification will be defaulted from the account class to which the account belongs.
However, you have the option of changing it at the customer account level. If you check this
option, the status of the account will be changed automatically by the system as per the
conditions maintained in the ‘Status Rule Definition’ screen (invoked from the Account Class
Maintenance screen). If you do not select this option, you have to change the status manually
through the ‘Manual Status Change’ screen.
OverDraft
Check this option to provide overdraft facility for the account.
Refer to the section titled ‘Modifying an account status manually’ later in this chapter for more
details.
Contribute to PDM
This box is checked by default while creating an account, to indicate that the account balance
should be considered for contribution to the profit distribution pool. However, you can uncheck it.
Exclude from Distribution
This preference is defaulted from the linked account class. However, you can change it.
If this box is checked, the system will not consider the account for profit distribution. Leave the
box unchecked to include the account in profit distribution. Note that you can uncheck this box
only if you check the box ‘Contribute to PDM’.
Note the following:

If you check the box ‘Contribute to PDM’ and uncheck the box ‘Exclude from Distribution’,
the system will consider the account balance as the depositor’s contribution and also
distribute profit to the depositor.

If you check the boxes ‘Contribute to PDM’ and ‘Exclude from Distribution’, the system
will consider the account balance as the depositor’s contribution but it will not distribute
profit to the depositor.
Account Set for Closing
On receipt of the closure request for the account wherein profit distribution is due, you can check
this box after making the account balance ‘0’ and then pay the customer. If a transaction is
initiated on an account for which this box is checked, the system will display the following
override:
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Account set for closure do you wish to still process?
If you select ‘OK’, the system will allow you to proceed with the transaction. This override will be
displayed only if the transaction is initiated using any module other than the Funds transfer
module. In case of a transaction initiated through the FT module on an account for which this box
is checked, the system will display an error message.
Note the following:

You can check this box only for a ‘Savings’ type of account.

Once you check this box and save the record, you will not be able to uncheck it.

Upon re-opening the account, the system will automatically uncheck this box.
Closing Date
The system displays the date on which you have checked the box ‘Account Set for Closing’. This
date is used to validate the profit sharing cycle settlement in order to close the account
automatically.
NSF Blacklist Status (Non Sufficient Fund)
NSF Blacklist Status indicates that the customer account is blacklisted due to NSF rejection.
If cheque is rejected or returned due to NSF, the blacklisted formula is executed to get the new
NSF level of the customer. If the new NSF level is a blacklisted level, then the customer account
will be marked as a blacklisted and check book facility of all the customer’s accounts will be
revoked.
In case the new NSF level is not a blacklisted level, then the customer is marked as a nonblacklisted customer and check book facility will be enabled for that customer account.
For Joint account:

If cheque is rejected due to NSF in a joint account, all of the customer’s NSF level is
changed from Level 1 to Level 2 and so on.

Corporate or individual accounts:

If the blacklisted customer, is an authorized signatory in a corporate account, then the
corporate account will not be frozen.

If a corporate customer is blacklisted due to cheque return, then the authorized
signatories are not blacklisted and their individual accounts will not be blacklisted.
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NSF blacklist status is an indicator in the account to indicate the blacklist status. System will
continue to support the credit or debit transaction of the account.
Status Details
Specify the following details.
Status
At the time of maintaining a customer account for the first time, the account status will be ‘NORM’
(Normal) by default. The ‘Status Since’ field will display the current system date, that is, the date
on which the account is maintained in the system. The system will update the status whenever a
status change occurs. Therefore, at any point of time, this field will display the current status of
the account. The ‘Since’ field will reflect the date on which the account moves to the current
status.
Subsequently, the system will default the value of CIF Status as available in the ‘Customer
Maintenance’ screen. This status is the worst status among all the finances, savings accounts
and current accounts for the customer in the current branch.
This is done if you have opted for status processing at the ‘Group/CIF’ level as part of your
branch preferences.
Since
The date on which the status of the account is changed to the current status is displayed here
Propagate Reporting Details
This field indicates whether the reporting lines defined for status movement, for the account class
that this account reports to, must also be applicable to it.
The following GL’s are defined in the Account Class Maintenance for posting account balances
when a status movement occurs on any accounts belonging to the account class:

The Debit and Credit GL’s to which account balances must be posted, for movement to
each status

The Central Bank Reporting Debit and Credit GL’s

Head Office Reporting Debit and Credit GL’s
When you select this option, the GL’s maintained for the account class will be applicable to the
customer account you are defining in this screen. The reporting lines will be propagated to the
account whenever a status change occurs.
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If you do not want the account class details to be propagated to the account as well, you have the
option of maintaining the status codes and the reporting lines exclusively for an account. You can
achieve this through the ‘Status Details’ screen. Click the ‘Account Status’ button in the ‘Islamic
Customer Accounts Detailed’ screen to invoke it.
Account Auto Closed
The system checks this option to identify the accounts that should be closed by auto account
closure. By default the system will not check this option.
Account Derived Status
The system displays the current status of the account here. This is applicable for CASA accounts
(current accounts and savings accounts).
Dormancy Parameters
If Transaction Code associated with the account has the consider for account activity option
enabled, the dormant status of the account will be updated to active. Apart from this, you can
specify the parameter that is required for re-activating the account. Choose from the following
options to indicate the re-activation parameters for the dormant account.

Debit

Credit

Any

Manual
In case of a transaction, the system will check for the parameter you have specified here and
accordingly change the status of the account. The parameter you specify here will supercede the
parameter you have maintained at the account class level.
Location
An address for a customer account is based on the ‘Location’ and ‘Media’ combination. Location
codes maintained through the ‘Account Address Location Type Maintenance’ screen are made
available against this field. The address maintained here is always the primary or the default
address. Each customer can have several addresses for a particular media. To distinguish
between one address of a customer from another for a given media, it is essential for you to
specify a unique location for each address. Also, if you are amending an address here, the same
gets updated in the ‘Customer Account Address - Detailed’ table after the validations are through.
Media
Indicate the media for which the charge should be levied. Select one of the following options from
the option list:

Mail
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
Telex

SWIFT

Fax
Linked Deposit Branch
This field displays the branch of the account that is linked to both the funds when the inter-fund
subscription happens. This field is updated by the system when inter-fund subscription
transaction is booked.
Linked Deposit Account
The system updates this field in case of an inter-fund subscription.
If an Islamic deposit account is linked to a fund, the system verifies if there exists a parent
account for the child deposit. It also verifies whether the parent account class is maintained in the
fund online. If the parent account does not exist, the system displays an error message.
You cannot close a parent account unless all child accounts are inactive. However, you can
create multiple parent accounts for same fund and customer combination.
Zakat Exemption
When an account is opened in a branch, you need to clarify with the customer whether he or she
will pay Zakat or will seek exemption. Check this box to indicate that the customer seeks
exemption from Zakat charge.
Options
Track Receivable
During liquidation of finance contracts as well as processing of retail teller contracts, if the system
detects insufficient funds in the settlement account, then you can choose to block the subsequent
credit that happens to the settlement account. In other words, the system will track the account
for receivables (credits). As and when a credit happens, the funds will be allocated to the finance
or retail teller contract, for liquidation. If the track receivable option is checked for the account, the
system will track the receivables for the account if sufficient funds are not available in the
account.
The allocation of funds will happen in a sequence that you specify at the account class level.
This is explained in the section titled ‘Maintaining Account Classes’.
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Referral Required
Referral refers to the process of handling customer transactions, which force the accounts
involved in such a transaction to exceed the overdraft limit. Examples of typical transactions,
which force an account to move into overdraft, are Payment and Collections, Funds Transfers,
Standing Instructions or Clearing transactions. The ‘Referral Required’ option is defaulted from
the account class linked to the account. However, you can change it for a specific account. If an
account is marked for referral, the details of transactions resulting in the account moving into
Overdraft will be sent to the referral queue.
IBAN Required
Check this box to indicate whether you required IBAN or not.
Replicate Customer Signature
The signature of the customer gets defaulted from the account class level to account level. This
value is defaulted only if the customer type is individual with single mode of operation.
Salary Account
Check this option to indicate the salary account which should be selected for finance recovery on
salary credit. By default this option is unchecked.
Turnover Limit Preferences
Turnover Limit Code
The system displays the turnover limit code applicable to the account.
2.3.2 Auxiliary Tab
Click ‘Auxiliary’ tab in the ‘Islamic Customer Accounts Detailed’ screen. The fields in the Auxiliary
section are as follows:
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Positive Pay
Indicate the following:
Positive Pay
For the account you are maintaining, you can specify whether you want positive pay facility for
the account or not. When a check comes in for payment, the system validates for any unpaid
record only for those accounts that are under positive pay. For all the other accounts that are not
specified for positive pay, the system does not do any validation before making payments for the
checks.
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Funding
If you enable ‘Funding’, accounting entries will be posted by the Positive Pay maintenance/
upload table for the positive pay transaction. You have to enable ‘Positive Pay’ to make use of
‘Funding’ functionality. If ‘Positive Pay’ is not enabled, ‘Funding’ option will not be applicable.
If ‘Funding’ is not selected, accounting entries will not be passed for positive pay transactions.
You cannot enable both ‘Deferred Reconciliation’ and ‘Funding’ functionalities. You have to
choose between either of them for a particular account.
Mod 9 Validation Required
You can enable Mod 9 Validation for positive pay accounts only. Only if positive pay enabled then
Mod 9 Validation will be active.
In the case of inward clearing of Positive Pay files, if Modulo 9 is enabled for the product, the
system performs a Modulo 9 Validation on any new cheque. If the cheque fails modulo 9
validations the system will display an error message on save. In case of check replacement the
Modulo 9 Validation is done for the new check number while in case of alphanumeric checks, the
system throws an error message if modulo 9 validation is checked.
When uploading a positive pay cheque the system will perform a Modulo 9 Validation if Modulo 9
validation is enabled for the product. If the validation fails, this particular check will not be
uploaded. The same will be valid in case of Cheque Replacement while for alphanumeric checks,
system will skip the check and display an error.
Stale Days
If you have specified a positive pay facility for the account you are maintaining, then you have to
indicate the number of stale days for the transaction. If the date of processing happens after the
specified stale date then the transaction gives an exception error. You have to do an override for
this exception.
Fund Branch
Click on the adjoining option list to choose from the list of branches maintained. The positive pay
parking account will be picked from this branch.
Deferred Reconciliation
Enabling this check box indicates whether or not the Positive Pay account has the Deferred
Reconciliation facility. Deferred Reconciliation is the facility wherein a Positive pay cheque which
is free of any disparity is cleared by the bank even in the absence of any instruction from the
drawer of the cheque. The instruction can be deferred.
Deferred Reconciliation function goes hand-in-hand with the Positive Pay described above and
Deferred Reconciliation is applicable only for Positive Pay Accounts

If Positive Pay = No and Deferred Reconciliation = No, the cheque is subjected to the
usual validations and is Rejected if:
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
There is any discrepancy in the instrument.

There is a Stop payment instruction issued against the instrument

If Positive Pay = Yes and Deferred Reconciliation = No, Cheque is subject to the usual
validations and processing.

If Positive Pay = Yes and Deferred Reconciliation = Yes, and if any one or more of the
three fields viz. Branch, Account No., Cheque No. , does not match with the Positive Pay
instruction, the cheque will be put under Deferred Reconciliation as Unreconciled


If this unreconciled cheque comes in for clearing once again with the same set of
parameters, it is Rejected.

If Positive Pay instruction is received for an unreconciled cheque, it is marked
Reconciled and the cheque status is marked Liquidated.
If Positive Pay = Yes and Deferred Reconciliation = Yes, and the Amount field does not
match with the Positive Pay instruction, the check is Rejected outright.
All data pertaining to reconciled and unreconciled cheques are maintained and information
regarding account no., cheque no., amount and status of the instrument [reconciled or
unreconciled] can be retrieved if needed.
An EOD batch function will purge all reconciled cheques as part of the clearing batch process.
During the upload process, validation is done against all the positive pay and the deferred
reconciliation flags combinations and all Unreconciled Positive Pay Instructions are marked as
Reconciled and liquidated.
Deferred reconciliation will be overridden by a stop payment instruction if any. An error message
(or an override) will be shown if a Cheque that comes in for clearing has a stop pay instruction
against it but has no positive pay instruction.
Funding Account
Click on the adjoining option list to choose the account into which funds have to be transferred on
receipt of a positive pay instruction. The accounts that satisfy the following conditions will be
available in the list of ‘Positive Pay Parking Account’:

Both accounts belong to the same customer

The currency of both the accounts is the same
Validation Digit
Validation digit will be having values only 0 and 9. If validation digit is 9, then 9 - mod 9 remainder
for the check number (Excluding the check digit) should be equal to the check digit for the check
to be passed else the check is rejected.
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The check digit is the last digits of the check, that is, if check number is 1800 then check digit is 0.
The mod 9 remainder of the check number should be equal to the check digit for the check to be
passed if validation digit in customer accounts maintenance is 0 else the check is rejected.
Examples –
Check no
– 1800
Check digit
–0
Mod 9 remainder
= 180/9 = 0
Validation digit – 0
Since the check digit (0) is equal to the Mod 9 remainder (0), this check will be passed.
Validation digit – 9
9 – Mod 9 remainder = 9 – 0 = 9
Since the check digit (0) is not equal to the 9 - Mod 9 remainder (9), this check will be rejected.
Check no
– 1872
Check digit
–2
Mod 9 remainder = 187/9 = 7
Validation digit – 0
Since the check digit (2) is not equal to the Mod 9 remainder (7), this check will be rejected.
Validation digit – 9
9 – Mod 9 remainder = 9 – 7 = 2
Since the check digit (2) is equal to the 9 - Mod 9 remainder (2), this check will be passed.
Account Facilities
Specify the following:
Cheque Book
Enabling this check box indicates whether or not the accounts linked to the class are issued
checkbooks.
Passbook
Enabling this check box indicates whether or not the accounts linked to the account class are
issued passbooks.
CAS Account
Specify CAS account.
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Offset Branch
Choose the branch ID for the offset account, specified in the next field, from the option list.
Offset Account
You have to specify the customer account from which the money is to be debited for booking the
TD. If you click on option list in the Offset Account field, a list of all valid account numbers that is
maintained in the branch (specified in the previous field) will be displayed. Double click on the
account that you want to specify as the offset account.
Waive Account Opening Charges
Check this box to indicate that account opening charges should be waived for individual customer
account.
Auto Cheque Book Request
Check this box if you want the system to create request for the cheque book automatically, for the
account during account creation.
When you check this box, the system allows you to capture cheque book request details in the
Cheque Book Request screen, as part of account creation.
Auto Debit Card Request
Check this box if you want the system to create request for the debit card automatically, for the
account during account creation.
When you check this box, the system allows you to capture debit card request details in the Debit
Card Request Details screen, as part of account creation.
Provisioning Details
Auto Provisioning Required
You can indicate whether provisioning is applicable for the account. If you indicate so, the
provisioning batch, when executed, picks up the account for provisioning.
Exposure Category
If the logic for deriving the exposure category of the CIF or customer group to which the customer
belongs, based on the total exposure, has been maintained in the Exposure Type Category
Linkage maintenance, then the exposure category of the account is identified. If no logic has
been maintained, you can specify the exposure category in the ‘Islamic Customer Account
Maintenance’ screen.
Risk Free Exposure Amount
You can indicate the risk-free exposure amount that would be used in computing the provisioning
amount for the account.
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Provisioning Currency
You can indicate the currency in which the provisioning amount must be calculated – either
account currency or local currency. This specification is defaulted from the preferences for the
Islamic account class used by the account, and you can alter it if necessary.
Options
Indicate the following:
Euro Cheques
Euro chequebook can be issued to a customer whose account has checked for ‘Euro cheques’
option in the customer account maintenance screen the account should be a account with EUR
currency only.
Mt210 Required
A Notice to Receive message (MT210) is an advance notification to your account servicing
institution that it will be receiving funds that are to be credited to your bank’s account with that
institution.
For a nostro account, you can specify whether the nostro agent (your account servicing
institution) prefers to receive a Notice to Receive SWIFT message (i.e., MT 210) when it is
debited in the case of a funds transfer. To indicate that the message MT 210 is to be generated
by default whenever the nostro account is the debit account for a funds transfer, select the ‘MT
210 Required?’ checkbox in the Customer Accounts Maintenance screen, for the relevant nostro
account.
If you indicate so, an MT 210 is generated by default whenever this nostro account is being
debited during the posting of accounting entries in any transaction. This preference (to generate
an MT 210 by default) can be over-ridden when you enter a contract involving a debit to the
nostro account.
Once you have specified this preference for a nostro account, you can change it whenever
necessary. For instance, if you have not specified that an MT 210 be generated, you can unlock
the record and specify the generation of MT 210. Conversely, if you have specified that MT 210
generation is applicable, you can unlock the record and specify that it is no longer applicable.
Lodgment Book
If you wish to allow orders of lodgment books for all accounts that use this account class, you can
indicate so, in the ‘Islamic Customer Accounts Detailed’ screen, by selecting the Lodgment Book
option.
Consolidated Cert. Reqd.
Check this box if you required consolidated certificate.
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Back Period Entry Allowed
You can choose to allow the posting of back-valued entries into the account by enabling the Back
Period Entry Allowed option. If you choose not to restrict back period entries, you will be allowed
to post journal entry transactions to past periods as long as the account is open.
This specification is defaulted from the Islamic account class linked to the account. You can
choose to change it for a specific account.
While posting back-valued transactions, the System verifies whether the Back Period Entry
Allowed option has been enabled for the account. If the option has not been enabled an error
message is displayed. This check is also performed while uploading journal entry transactions.
Mudarabah Sweep
Check this box to opt for Mudarabah sweep.
This can be checked only if Overdraft is enabled at account class level.
If Mudarabah Sweep is not checked and if linked deposit details are given for an account then the
system displays an error message:
Linked deposit details can be given only if the flag 'Mudrabah sweep' is checked
Auto Deposit
Check this box to indicate that deposit will be created automatically for the account for auto
deposit.
If auto deposit is checked and if the deposit instructions are given for the account then the
system automatically creates deposit whenever the credit balance in the account crosses the
minimum required balance.
ATM Details
Specify the following:
ATM
Enabling this check box indicates whether or not the accounts linked to the class will avail the
ATM facility.
Branch
Specify the branch at which the Islamic deposit customer is having the account.
Account Number
You can indicate the account number of the Islamic deposit customer. One customer can have
any number of accounts.
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The structure of the account number is defined in the customer account mask maintained in the
Account Parameters sub-screen of the Branch-wide parameters screen. The account number can
be a combination of the account class, customer code (CIF Number), serial number or currency
as defined in the customer account mask.
The last constituent of the account number is always a system generated check digit (it could be
alphabetical or numeric depending upon the mask defined).
You cannot alter the relative position of the constituents of customer account (as defined in
the mask) while maintaining actual customer accounts.
Daily Amount Limit
Specify the daily limit for the amount that can be withdrawn from the ATM.
Daily Count Limit
Specify the daily count for the amount that can be withdrawn from the ATM.
Cheque Book Preferences
In Oracle FLEXCUBE, you can set off automatic reordering of Cheque Books for a Islamic
account. You can set up parameters based on which the system will trigger this activity. The
Cheque Book preferences maintained for the Islamic Account Class, to which the account
belongs, will be defaulted to this screen. However, you may change your specifications for an
account, if required.
Auto Reorder of Cheque Book
You have to select this option to specify that automatic reordering of Cheque Books is required
for the account being maintained. This option will be enabled only if you have indicated that the
account holder should be provided with a Cheque Book facility.
The automatic reordering of Cheque Books is processed at EOD by executing a batch function.
The following conditions should be satisfied for initiation of automatic reordering:

The ‘Auto Reorder of Cheque Book’ option is turned on at the account level

The number of unused check leaves for the account is less than or equal to the reorder
level maintained at the account level. The system will pick up the number of leaves to be
reordered from the field ‘Reorder Number of Leaves’ maintained for the account.
The numbering of cheque leaves for the new Cheque Book will depend on the ‘Cheque Number
Unique for Branch’ option in the ‘Bank Parameters’ screen. If this option is checked, the
numbering will begin from the Last Number + 1 of the Cheque Book that was delivered last to any
account. If you do not select this option, the number will start from the Last Number +1 of the
Cheque Book delivered to the same account previously.
The value of ‘Include for Cheque Book Printing’ and ‘Cheque Type’ (specifications defined in the
‘Cheque Book Details’ screen) will be defaulted from the previous order of the Cheque Book.
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Reorder Cheque Level
Here, you have to indicate the level at which the reordering of Cheque Book should happen.
Automatic reordering will be set off by the system when the unused number of cheque leaves
becomes equal to or less than the re-order level that you maintain here. This field will be enabled
only if you have indicated that automatic reordering of Cheque Books is required, that is, the
‘Auto Reorder of Cheque Book’ option is checked.
Reorder Number of Leaves
Specify the number of leaves that should be ordered for the new Cheque Book. This field will be
enabled only if you have checked the ‘Auto Reorder of Cheque Book’ option earlier.
Cheque Book Name 1
Specify the name used for opening savings account A1. This name will be printed on the cheque
book and will be used for all cheque transactions.
Cheque Book Name 2
Specify the name if you need to enter the name of the joint account holder on the cheque book, if
the customer account is joint operations account.
Max No of Cheque Rejection
The system defaults the value of maximum number of cheque rejections that can be allowed for
an account from the account class. However, you can modify it at the account level.
Initial Funding
Account Opening Amount
Specify the amount being deposited to open a customer account. While saving the record, the
system checks whether this amount is equal to or greater than the minimum limit maintained for
the linked account class. If the amount is less than the applicable limit, the system will display an
error message. If it is equal to or greater than the limit amount, the system will proceed with
saving.
Input to this field will be mandatory if limit amount has been maintained for the linked account
class.
Pay-in Option
Indicate the method for initial funding during account creation. Choose one of the following
options:

Pay In By Account

Pay In By GL
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Escrow Transfer Details
Specify the following details.
Escrow Transfer Applicable
This box is checked by default if the customer account belongs to an account class for which
Escrow transfer is enabled.
This box should be checked for Project/Trusted account(s) only.
Branch Code
Select the branch code in which the Escrow account has to be created from the adjoining optionlist.
Escrow Account
Select a valid account to be used as an Escrow account from the adjoining option-list. The list
displays all valid accounts based on the selected Escrow branch and the currency of the project
account.
Escrow Percentage
Specify the percentage of the credited amount, which has to be transferred to the Escrow
account.
The Escrow percentage specified here will be same for all transactions and will not vary for
different credits like cash, cheque, draft etc.
Passbook Details
System displays the passbook details here.
Passbook Number
The system displays the passbook reference number. You cannot modify the value
Passbook Status
The system displays the current status of the passbook. You cannot modify the value
Passbook details get populated once the passbook is issued for the customer account with
the latest status and latest passbook number issued.
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2.3.3 Nominee Tab
Click ‘Nominee’ tab in the ‘Islamic Customer Accounts Detailed’ screen. The fields in the
Nominee section are as follows:
Nominee Details
Name
Specify the name of the nominee.
Date of Birth
Specify the date of birth of the nominee.
Relationship
Specify the customer’s relationship with the nominee.
Address 1, 2, 3 and 4
Specify the address of address of the nominee. Four lines have been provided for this. Each line
can have a maximum of 35 characters, alphanumeric.
Minor
Check this option to indicate that the nominee is a minor.
Guardian Name
Specify the name of the guardian of the nominee if the nominee is a minor. You can capture the
name of the legal guardian, not exceeding 35 characters, alphanumeric.
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Relationship
Specify the nominee’s relationship with the guardian.
Address 1, 2, 3 and 4
Specify the address of address of the guardian. Four lines have been provided for this. Each line
can have a maximum of 35 characters, alphanumeric.
2.3.4 Check List Tab
Click ‘Check List’ tab on the ‘Islamic Customer Accounts Detailed’ screen. The following screen
will be displayed.
Specify the following details:
Document Type
Specify the document type. The adjoining option list displays all the document types that are
maintained in the system. You can select the appropriate one.
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Mandatory
Check this box to indicate that the document specified here is mandatory.
Expiry Date
Specify the expiry date of the document provided by the customer.
Note the following:

Expiry date will always be greater than ‘Expected Date of Submission’ and ‘Actual
Submission Date’.

Expected Date of Submission will always be greater than current date.
Expected Date of Submission
System displays the expected date on which the customer is accepted to submit the required
documents.
Actual Submission Date
System displays the actual date on which the customer has submitted the required documents.
Document Reference
System defaults the document reference here.
Checked
Check this box to indicate that the received documents are acknowledged.
You cannot save and authorize an account if the mandatory documents are not confirmed as
‘Checked’.
Upload
Click on this button to upload the selected document type.
Delete
Click on this button to delete the selected document.
View
Click on this button to view the selected document.
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Notification Details
System defaults notification details from the ‘Account Class Maintenance’ screen.
Send Notification
This check box indicates whether to send notifications or reminders for not submitting the
mandatory documents.
Frequency (Notification)
System defaults the frequency of notification to be sent. The frequency can be one of the
following:

Daily

Weekly

Monthly

Quarterly

Half yearly

Yearly
Note the following:

Notification will be sent only if,

The check box ‘Send Notification’ is checked in Account Class Maintenance’ screen.

The account status is active and authorized.

The mandatory documents are not submitted.

Notifications will be sent based on the frequency specified.

First notification will be sent on the expected date of submission or expiry date

If notification date falls on a holiday then system will send the notification on next working
day.
Days (Reminder)
System defaults the number of days left for the expiry or submission due date of the documents
for sending the reminder.
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System will send the following reminders:

Reminder prior to the submission due date of the document.

Reminder prior to the expiry date of the document.

Overdue notifications after the due date if the document is not submitted based on the
frequency.

Notifications after the expiry date if the document is not submitted after the expiry date.
Note the following:

Reminder will be sent only if,

The mandatory documents are not submitted.

The account status is active and authorized.

Reminder will be sent only once.

If reminder date falls on a holiday then system will send the notification on next working
day.

Reminder will be sent prior the number of days specified at the account level from
expected date of submission or the expiry date.

If there are more than one notifications or reminders of the same message type for which
the notification schedule date falls on the same day for the same account, a single
notification will be sent which will have the details of all the related documents.
Remarks 1 to 10
Specify the additional information, if required.
2.3.5 Capturing Additional Details
You can capture additional details for the Islamic Customer Accounts by clicking the following
buttons in the ‘Islamic Customer Accounts Maintenance’ screen:
Button
Function
Profit
This invokes the ‘IP Special Conditions Maintenance’
screen.
Charges
This invokes the ‘Account level Charges Condition’
screen.
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Button
Function
Consolidated
Charges
This invokes the ‘Account level Consolidated Charges
Condition’ screen.
BIC
This invokes the ‘Authorised SWIFT BICs for Customer
Account’ screen.
Deposits
This invokes the ‘Deposits’ screen.
Instructions
This invokes the ‘Account Operating Instructions
Maintenance’ screen.
Standing
Instructions
This invokes the ‘Instruction Diary Summary’ screen.
Linked Entities
This invokes the ‘Linked Entities’ screen.
REG
This invokes the ‘REG Details’ screen.
Account Status
This invokes the ‘Status Details’ screen.
Restrictions
This invokes the ‘Products and Transaction Codes
Restriction’ screen.
Currency Limits
This invokes the ‘Currency Limits Details’ screen.
MIS
This invokes the ‘Management Information System’
screen.
Statement
This invokes the ‘Statement Details’ screen.
Limits
This invokes the ‘Account – Limits’ screen.
Joint Holders
This invokes the ‘Joint Holders’ screen.
Fields
This invokes the ‘User Defined Fields’ screen.
Deposit Instruction
This invokes the ‘Deposits Instruction’ screen.
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Button
Function
Billing Parameters
This invokes the ‘Billing Parameters’ screen.
Account Signatory
This invokes the ‘Signatory Details’ screen.
Interim
Transactions
Report
This invokes the ‘Interim Transactions Report’ screen.
Notice
This invokes the ‘Notice Preference’ screen.
Cards
This invokes the ‘Cards Summary screen’ screen.
OFAC Check
This invokes the ‘External System Details’ screen.
Change Log
This invokes the ‘View’ screen.
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2.3.6 Specifying Profit Details
You can capture details of special condition for the account, using the ‘IP Special conditions
Maintenance’ screen. To invoke this screen, click the ‘Profit’ button in the ‘Islamic Customer
Accounts Detailed’ screen.
The following details are captured here:
Branch Code
The current branch code is defaulted here.
Calculation Account
Select the valid customer account number for calculation from the adjoining option list.
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Profit Booking Account
Select the valid customer account number from the adjoining option list.
Charge Booking Account
Select the valid customer account number for booking the charge from the adjoining option list.
Profit Statement
Check this box to generate the profit statement.
Consolidated Charge Account
Select the valid account number from the adjoining option list.
Profit Start Date
Select to indicate the effective date to generate profit from the adjoining calendar.
Charge Start Date
Specify to indicate the effective date to generate charges from the adjoining calendar.
Profit Booking Branch
Select to indicate valid Branch for calculating the profit from the adjoining option list.
Cr Advices
Check this box to generate credit related advices.
Charge Booking Branch
Select to indicate the valid Branch from the option list, for calculating the charge.
Consolidated charge branch
Select the valid branch from the adjoining option list.
Product Details
You can specify product details for your account here.
Product Code
Select the valid product code from the adjoining option list. The option list displays the products
maintained at ‘Islamic Profit Distribution Maintenance Detail’ level.
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UDE Currency
The system generates the user defined currency type maintained at ‘Profit Product Preference’
level.
Integrated LM Product
Select this option to indicate that Integrated Liquidity Management is applicable to the customer.
IL Product Type
Specify the IL product type.
Waive Profit
Check this box if you need to waive of profit or charges defined for the selected profit product at
the Profit Product Preference level.
Generate UDE Change Advice
Check this box if you need to generate advice for user defined changes for the account.
Open
Check this box if you need to apply the selected profit product for the account.
2.3.7 Specifying Charges Details
You can capture details of charges for the account, using the ‘Account level charges conditions’
screen. To invoke this screen, click the ‘Charge’ button in the ‘Islamic Customer Accounts
Detailed’ screen.
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You can enter the following details:
Branch
The Branch Code to which the account belongs (for which you are defining special conditions) is
displayed in this field.
Account
The Account number of customer (for which you are defining special conditions) is displayed in
this field.
You can click the ‘Default’ button to default the Charge Products and the corresponding
details applicable for the account. You can then modify these values to define the special
conditions.
Specifying Product Details
Specify the following details:
Product
The system defaults a product when you click the ‘Default’ button at the time of account creation.
You must modify it to identify the Charge product using which the applicable charges would be
collected.
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Currency
The charges would be collected in the currency defined for the selected charge product, and this
currency is displayed on the screen.
Minimum and Maximum
You must indicate the charge amount range, representing the minimum and maximum charge
that can be applied for the account.
Free Items
You must indicate the number of free items for which the customer will not be charged.
Open
By default, each charge consolidation charge set-up that you set up is enabled and active. You
can also disable the set-up by checking the ‘Open’ box. If the account is marked for closure, you
will have to uncheck this box.
Waive Charges
You can choose to waive charges for an account.
2.3.8 Specifying Consolidated Charges Details
Consolidated Charges are maintained through the ‘Account level Consolidated Charges
Condition’ screen. Click the ‘Consolidated Charges’ button in the ‘Islamic Customer Accounts
Detailed’ screen to invoke this screen.
Account Details
You can maintain the account details for an account here.
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Branch Code
The current branch code is defaulted here.
Account
The system generates the account number maintained in the ‘Main’ screen of ‘Account Class
Transfer’.
Product Details
You can specify product details for your account here.
Product Code
Select a valid product code from the adjoining option list.
Currency
The system generates the user defined currency type defined for the selected consolidated
charges product.
Minimum
Specify the minimum consolidated charges that can be applied for the account.
Maximum
Specify the maximum consolidated charges that can be applied for the account.
Open
Check this box if you need to apply the selected consolidated charges product for the account.
Waive Charges
Check this box if you need to waive the consolidated charges defined for the selected
consolidated charges product.
Discount
You can specify discount details for the consolidated charges applied for the account.
Discount Percentage
Specify percentage of the amount to be discounted from the computed consolidated charges.
Discount Amount
Specify a flat amount to be discounted from the computed consolidated charges.
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2.3.9 Specifying BIC Details
You can capture details of all SWIFT BICs are maintained through the ‘Authorised SWIFT BICs
for Customer Account’ screen. Click the ‘BIC’ button in the ‘Islamic Customer Accounts Detailed’
screen to invoke this screen.
You can enter the following details in this screen:
Account Number
The system defaults the account number of the customer in this field.
BIC Code
Specify the BIC here. You can choose any valid BIC maintained in the ‘BIC Code Maintenance’
screen.
Description
The system displays the description for the corresponding BIC that you have specified.
2.3.10 Specifying Deposits Details
Click the ‘Deposit’ button in the ‘Islamic Customer Accounts Detailed’ screen to invoke ‘Deposits’
screen, for additional information relating to the handling of the deposit, The ‘Deposits’ screen will
be displayed.
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You can enter the following details in this screen:
Auto Deposit Balance
This indicates the amount that got auto deposited into the account
Sweep Type
The drop-down list shows the following values:

-1 - No sweep

0 - Default from A/c

1 - Sweep if instructed
Master Account No
Specify the master account number for the deposit account simulated.
Rate
Select the rate to be applied for the conversion. The options available are Buy rate, Mid Rate or
the Sell Rate.
2.3.11 Specifying Instructions Details
You can maintain Account Operating Instructions for a branch and customer account
combination. The operating instructions are different from the standing instructions and merely
indicate the instructions to be borne in mind when operating a customer account.
The instructions are maintained through the ‘Islamic Customer Accounts Detailed’ screen invoked
by clicking the ‘Instructions’ button.
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You can enter the following details in this screen:
Date of Last Maintenance
The current system date is also displayed
Instructions
Specify the instructions to be borne in mind when operating a customer account
Conditions
At the time of maintaining an instruction, you can also specify a condition for displaying the
instructions when transactions pertaining to this account are being processed. The instruction will
be displayed to you when the condition is satisfied.
The sign-on branch code is defaulted when you maintain a new instruction. The current system
date is also displayed. You can select the customer account for which you want to maintain an
operating instruction, from the available option-list.
On selection of the account, the description gets displayed in the adjacent field.
At the time of maintaining an instruction, you can also specify a condition for displaying the
instructions when transactions pertaining to this account are being processed. The instruction will
be displayed to you when the condition is satisfied.
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2.3.12 Specifying Standing Instructions Details
Instruction summary are maintained through the ‘Instruction Diary Summary’ screen. Click the
‘Standing Instructions’ button in the ‘Islamic Customer Accounts Detailed’ screen to invoke this
screen.
Here you can view the following details:

Authorization status

Record status

Instruction number

Unit type

Unit value

Branch code

Instruction

Instruction type
2.3.13 Specifying Linked Entities Details
A customer of your bank can have relationships with any other customer of your bank. Also, a
customer of your bank could be a joint account holder with another customer of your bank. You
can capture these details when you set up the CIF or customer account.
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For linking a customer account you need to specify details of the relationship for the account.
Click the ‘Linked Entities’ button in the ‘Islamic Customer Accounts Detailed’ screen. The ‘Linked
Entities’ screen will be displayed.
You can enter the following details in this screen:
Customer
Select the customer from the option list with whom you want to establish the relationship with the
customer account that you are maintaining.
Description
In this field, the system displays the name of customer that you have selected in the previous
field. You cannot change the description.
Relationship
You have to choose a relationship code to establish a relationship between the customer being
selected and the customer account you are maintaining.
By default, the system will select the customer of the account as the Primary Holder. This is a
pre-shipped relationship and you will not be allowed to change the relationship.
2.3.14 Specifying REG Details
For a customer account, you can indicate whether check deposits to the account must be
considered for Reg CC availability. You can indicate this in the Reg Details screen, which you can
invoke by clicking the ‘REG’ button in the ‘Islamic Customer Accounts Detailed’ screen
A customer account using an account class for which Regulation D limits are applicable, inherits
the applicability of Regulation D limits. However, you can make changes to the details, if
necessary.
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In the ‘Islamic Customer Accounts Detailed’ screen, click the ‘REG’ button to invoke the ‘Reg
Details’ screen, where you can specify the Regulation D applicability details.
You can enter the following details in this screen:
Reg D Applicable
Indicate whether the Regulation D limits are applicable for the account
Periodicity
If you indicate the periodicity of Regulation D applicability as ‘Statement Cycle’, the restricted
transactions would be counted over the primary statement cycle defined for the customer
account.
Reg CC Availability
Check this box if the check deposits into this account should be considered for Regulation CC
aggregation.
Indicating Reg D Period Details
Start Date
The start date for Regulation D applicability is first set to be the date on which you mark the
availability option in this screen. Subsequent to the first period, the EOD process would update
the start date according to the periodicity defined.
End Date
Subsequent to the first period, the EOD process would update the end date according to the
periodicity defined.
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You can define whether the Regulation D limits are applicable for the account, and the period
over which the limits would be applicable. If you indicate the periodicity of Regulation D
applicability as ‘Statement Cycle’, the restricted transactions would be counted over the primary
statement cycle defined for the customer account.
The start date for Regulation D applicability is first set to be the date on which you mark the
availability flag in this screen. Subsequent to the first period, the EOD process would update the
start and end dates according to the periodicity defined.
If you indicate the periodicity of Regulation D applicability as ‘Statement Cycle’, the restricted
transactions would be counted over the primary statement cycle defined for the customer
account.
2.3.15 Specifying Account Status Details
If you do not want the Islamic account class details to be propagated to the account as well, you
have the option of maintaining the status codes and the reporting lines exclusively for an account.
You can achieve this through the ‘Status Details’ screen. Click the ‘Account Status’ button in the
‘Islamic Customer Accounts Detailed’ screen to invoke it.
The details maintained for the Islamic account class will be displayed in this screen. However,
you are allowed to make amendments to the defaulted values.
Here you can capture the following details:
Branch Code
The system defaults the code of the current branch.
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Account
The system defaults the account number from the main screen.
Status
You can select the different status codes applicable to the account class, in this field. Use the
Add icon to define each status and the attributes for the same. You can use the navigation icons
to move from one status to the other.
On selection of the status, the associated description will be displayed alongside.
Specifying Reporting Line
Debit and Credit GL Line
Select the debit GL account, to which all debit balances within a specific account class will report
to, when it moves to the status being defined. You can identify the debit GL from the list of
existing GLs. Likewise, all credits within a particular account class will report to the GL account
that you have identified to track credits.
Central Bank Line
Debit
Specify the Central Bank line to which this account will report to, if it is in debit. This line is
maintained in the ‘Reporting Lines Maintenance’ screen.
Credit
Specify the Central Bank line to which this account will report to, if it is in credit. This central bank
line is maintained in the ‘Reporting Lines Maintenance’ screen.
Head Office Line
Debit
Specify the Debit Head Office GL to which the account will report, if they are in a debit.
Credit
Specify the Credit Head Office GL to which this account will report, if it is running in credit.
2.3.16 Specifying Restrictions Details
You can place restrictions on transactions involving customer accounts both at a transaction code
level as well as at a product level. In other words, you can decide whether you would like to use
the accounts for processing:

Debit transactions
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
Credit transactions

Both
The restrictions maintained for the account class will default to all the accounts that are linked to
the account class. At the individual account level, however, you can apply special conditions by
changing the restrictions.
To maintain the restrictions, click the ‘Restriction’ button in the ‘Islamic Customer Accounts
Detailed ’ screen. The ‘Products and Transaction Codes Restriction’ screen will be displayed.
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Specifying Product Restriction
Special Condition
By default, the restrictions maintained at the account class level will be displayed here. When you
define transaction code or product restriction attributes for an account itself, rather than for the
account class to which it belongs, it is referred to as a Special Condition. You can apply special
conditions by selecting the option ‘Special Condition Applicable’ at the account level. If you opt to
define special conditions for an account the ‘restrictions’ defined for the Account Class, to which
the account belongs, will NOT apply to this account. If you wish to continue with the account class
restrictions, opt for ‘Special Condition Not Applicable’.
Restriction Type
Specify the restriction type here. The options available are:

Allowed – If you select this, the products entered in the multi entry block will be allowed
for that customer account

Disallowed – If you select this option, the products entered in the multi entry block will be
disallowed
Product Code
You can select the products and specify the type of transaction (Dr, Cr or both) that you would
like to allow/disallow for each product. In contracts involving the selected products, the accounts
would be used for processing the selected type of transaction. For instance, assume that for the
account A1, you have allowed ‘Dr’ for the product ABCD. This would mean that if a Dr entry for
the product ABCD is passed to the account, A1, it would go through but in case a Cr entry is
passed for this product, then the system will display a message indicating that the transaction is
restricted for the account.
Description
The system displays the description for the product code that which you have specified.
Dr
During transaction processing, the system will validate whether any restrictions are placed on the
account based on either product and/or transaction code. If you have indicated to allow Dr
Transactions for the product ABCD, and attempt to post a credit entry, the system will seek an
override. You can continue the transaction, despite the restrictions, by providing appropriate
reasons for the same.
During maintenance or online operations, in the respective contract screens for the restricted
transactions, when you specify the customer account, the system checks whether the account is
restricted for the product that has been selected, or the debit/credit transaction type. If so, an
override is sought when such contracts are saved.
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Cr
During transaction processing, the system will validate whether any restrictions are placed on the
account based on either product and/or transaction code. If you have indicated to allow Dr
transactions for the product ABCD, and attempt to post a credit entry, the system will seek an
override. You can continue the transaction, despite the restrictions, by providing appropriate
reasons for the same.
During maintenance or online operations, in the respective contract screens for the restricted
transactions, when you specify the customer account, the system checks whether the account is
restricted for the product that has been selected, or the debit/credit transaction type. If so, an
override is sought when such contracts are saved.
Specifying Transaction Restriction
Special Condition
By default, the restrictions maintained at the account class level will be displayed here. When you
define transaction code or product restriction attributes for an account itself, rather than for the
account class to which it belongs, it is referred to as a Special Condition. You can apply special
conditions by selecting the option ‘Special Condition Applicable’ at the account level. If you opt to
define special conditions for an account the ‘restrictions’ defined for the Account Class, to which
the account belongs, will NOT apply to this account. If you wish to continue with the account class
restrictions, opt for ‘Special Condition Not Applicable’.
Restriction Type
Specify the restriction type here. The options available are:

Allowed – If you select this, the products entered in the multi entry block will be allowed
for that customer account

Disallowed – If you select this option, the products entered in the multi entry block will be
disallowed
Transaction Code
Likewise, you can maintain restrictions for transaction codes as well.
Description
The system displays the description for the transaction code that you have specified.
Dr
During transaction processing, the system will validate whether any restrictions are placed on the
account based on either product and/or transaction code. If you have indicated to allow debit
transactions for the product ABCD, and attempt to post a credit entry, the system will seek an
override. You can continue the transaction, despite the restrictions, by providing appropriate
reasons for the same.
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During maintenance or online operations, in the respective contract screens for the restricted
transactions, when you specify the customer account, the system checks whether the account is
restricted for the product that has been selected, or the debit/credit transaction type. If so, an
override is sought when such contracts are saved.
Cr
During transaction processing, the system will validate whether any restrictions are placed on the
account based on either product and/or transaction code. If you have indicated to allow debit
transactions for the product ABCD, and attempt to post a credit entry, the system will seek an
override. You can continue the transaction, despite the restrictions, by providing appropriate
reasons for the same.
During maintenance or online operations, in the respective contract screens for the restricted
transactions, when you specify the customer account, the system checks whether the account is
restricted for the product that has been selected, or the debit/credit transaction type. If so, an
override is sought when such contracts are saved.
2.3.17 Specifying Currency Limits Details
Currency limits are maintained through the ‘Currency Limits Details’ screen. Click the ‘Currency
Limits’ button in the ‘Islamic Customer Accounts Detailed’ screen to invoke this screen.
In this screen, you can enter the following details:
Account Number
The system displays the customer account for which PC limits are being maintained.
Currency
Specify the currency in which the auto exchange limits should be maintained. The adjoining
option list displays the currency codes maintained in the system. You can choose the appropriate
one.
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Cr Lmt Amt
Specify the credit limit amount in the chosen currency.
Dr Lmt Amt
Specify the debit limit amount in the chosen currency.
2.3.18 Specifying MIS Details
To invoke the ‘Management Information System’ screen for an account, click the ‘MIS’ button in
the ‘Islamic Customer Accounts Detailed’ screen, while opening/modifying the account. The
entities defined for the customer will be picked up by default and these entities can be changed.
For an account, the transaction type of MIS class will be picked up from the account class, along
with the cost codes and pool codes. The composite type of MIS class will be defaulted from those
defined for the customer. These too can be changed.
Branch
The current logged-in branch code is displayed here
MIS Group
For an account, the transaction type of MIS class will be picked up from the account class
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Rate Code
Specify the rate code. Select the appropriate one from the adjoining option list, which displays all
valid rate codes maintained in the system
Link to Group
If an MIS Group is linked, you can indicate whether the linkage with the group should always be
maintained. If yes, any change to the MIS Group will automatically apply to the customer to whom
the MIS Group is linked. If not, the entities defaulted for the customer will continue, even if they
are changed subsequently for the group.
Rate type
If you have indicated that rates maintained for the individual account should be picked up for MIS
refinancing you have to specify the Rate Type that is to be used. The options available are:

Fixed

Floating – Automatic – indicating that the system should pick up the refinancing rate
associated with the account. Since the account number is linked to a Rate Code the
system picks up the rate code associated with the account when the EOD processes are
run to refresh the various rates.
Select the appropriate.
Pool Code/Account Level
The Pool Code/Account Level to which the account class or product belongs should be defined.
Pool Code
For an account, the pool code will be picked up from the account class.
Transaction MIS Group
For an account, the transaction type of MIS class will be picked up from the account class.
Composite MIS Group
The composite type of MIS class will be defaulted from those defined for the customer.
Cost Code
For an account, the cost codes will be picked up from the account class.
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2.3.19 Specifying Change Log Details
To invoke the ‘Change Log’ screen for an account, click the ‘Change Log’ button in the ‘Islamic
‘Management Information System’ screen,
Branch Code
The current logged-in branch code is displayed here.
Account
The current logged-in account number is displayed here.
Specifying Transfer Log Details
To invoke the ‘ Log’ screen for an account, click the ‘Change Log’ button in the ‘Islamic
‘Management Information System’ screen,
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Here you can capture the following details:
Account Number
This is the account number of the deposit. If you specify an account that is disallowed for your
user id and move to the next field the system will throw up an error/override. The restricted
accounts for users ids are maintained in the ‘User Account Class Restrictions’ screen. The
system will perform this validation for default settlement pick up also.
2.3.20 Specifying Cheque Book Request Details
Click on the ‘Cheque Book Request’ button in the ‘Islamic Customer Accounts Maintenance’
screen to invoke the Cheque Book Request screen.
You will be able to invoke this screen, only if you have checked the ‘Auto Cheque Book Request’
check box in the ‘Islamic Customer Accounts Maintenance’ screen.
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Branch
The branch detail gets defaulted from the account branch.
Account
The system displays the account number.
First Check Number
Specify the number of the first cheque leaf of the cheque book.
Check Leaves
Specify the number of cheque leaves in the cheque book.
Cheque Book Type
Specify the cheque book type. The adjoining option list displays the cheque types maintained in
the system. You can choose the appropriate one.
Order Date
The order date gets defaulted as the current date. However you can change the same.
Order Details
Specify the order details.
Language Code
Specify the code of the language. The adjoining option list displays all valid language codes
maintained in the system. You can choose the appropriate one.
Request Status
The value of this will be defaulted to ‘Requested’ status.
Click on ‘Ok’ to save the cheque book request details.
2.3.21 Specifying Card Request Details
Click on the ‘Card Request’ button in the ‘Islamic Customer Accounts Maintenance’ screen to
invoke the Debit Card Request Details screen.
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You will be able to invoke this screen, only if you have checked the ‘Auto Debit Card Request’
check box in the ‘Islamic Customer Accounts Maintenance’ screen.
Branch Code
The branch detail gets defaulted from the account branch.
Request Reference Number
The reference number of the request is auto generated and populated, when you click on the
‘Default’ button.
Customer No
The customer number of the account gets defaulted.
Account No
The account number gets defaulted from account details.
Card Products
Specify the card products. The adjoining option list displays the card products maintained in the
system. You can select the appropriate ones.
Card Bin
Specify the card bin. The adjoining list displays the card bins maintained for the specified card
product. You can choose the appropriate one.
Name on Card
Specify the customer name that is to be printed on card.
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Card Number
Specify the debit card number to be requested. The adjoining option list displays the valid debit
card numbers maintained in the system. You can choose the appropriate one.
Card Application Date
The card application date would be defaulted as the current date of the branch. However you can
change the same.
Primary Card
The primary card check box remains checked by default.
Card Status
The status of the card will be defaulted to ‘Requested’
Click on ‘Ok’ to save the Debit card request details.
2.3.22 Specifying Linked Deposit Details
You can maintain the linked deposit details in the Mudarabah Sweep details screen. Click on the
Deposit Linkage button in the Islamic customer Account Details screen to invoke this screen.
Branch Code
The system defaults the customer account branch code from the Islamic customer accounts
detailed screen.
Account Number
The system defaults the account number from the Islamic customer accounts detailed screen.
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Linkage Details
Order of Linkage
Specify the order in which the deposit account is considered for sweep.
TD Account
Select the linked TD account from the adjoining option list.
Deposit Account
Select the deposit account from the adjoining option list.
TD Maturity Date
The system displays the maturity date of the linked deposit.
Original Deposit Amount
The system defaults the deposit amount at the time of linkage.
Linkage Percentage
Specify the percentage of amount to be linked. Linked percentage can be modified if the
utilization amount is zero.
Linked Amount
The system displays the total of the linked amount.
Available Amount
The system displays the current available amount in the deposit for sweep.
Utilized Amount
The amount utilized for sweep is displayed here.
When the Account Currency Available Balance becomes negative then the linked deposit is in the
same order as linked in account screen.
Note the following:

If Mudarabah deposit closure happens on the day of maturity then:

The deposit account will be liquidated with the existing balance in the deposit even if
there is some utilized amount in the deposit. This happens during ICEOD batch
processing of the BOD stage.

Linkage to the CASA account will not exist.
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
If Mudarabah deposit rollover happens on the day of maturity day then:

There will be a rollover of the TD account as part of ICEOD.

Linkage details will remain the same.
The system displays the following error message if linked deposit details are given for an account
without checking Mudarabah Sweep in the Islamic Customer Account screen.
Linked deposit details can be given only if the flag 'Mudrabah sweep' is checked.
If the deposit is already linked to some other CASA, then the available amount for utilization is
less than the TD booking amount. In this case if the linked amount is not available in the deposit
account, then the system displays an error message:
Creation of amount block failed since the available amount, <available amount in deposit > , is less than
the linked amount, <linked amount > , in the deposit , <deposit account .
2.3.23 Specifying Statement Details
Preferences regarding the type of account statement - detailed or summary or none at all, as well
as the statement frequency, including whether multiple statements are to be generated, are
specified for the account class in the Islamic Account Class screen. These details are applicable
to all accounts linked to the account class. While maintaining customer account details in the
‘Islamic Customer Accounts Detailed’ screen, these details are defaulted.
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For a particular customer account, you may redefine the default specification. The details
specified at the account level will supersede those specified for the account class. To specify
account level details, click the ‘Statement’ button. The statement details table will be displayed.
Account Number
The system displays the account number for which you are setting the statement details
Primary A/c Statement
This refers to the type of statement to be generated periodically by the system, for this account.
You can specify whether you want a detailed or summary statement or if you do not want a
statement for this account at all.
Cycle
You can specify the frequency for generating the account statements. To specify the frequency of
the statements, click on the adjoining drop-down list. The following list is displayed:

Annual
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
Semi-annual

Quarterly

Monthly

Fortnightly

Weekly

Daily
On
For a weekly statement you specify the day of the week on which account statements should be
generated and for fortnightly and monthly statements the dates of the month. To specify for
weekly statements, click on the adjoining drop-down list. The following list of days will be
displayed:

Monday

Tuesday

Wednesday

Thursday

Friday

Saturday

Sunday
To specify for monthly statements enter a number between 1 and 31 (corresponding to the
system date)
If you set the statement date to 30, then account statements will be generated on:

The last working day for months with < 30 days

For months with 30 days on the 30th; if 30th is a holiday on the next working day
If you set the statement date to 31, then account statements will be generated on:
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
The 31st for month with 31 days; if 31st is a holiday on the next working day

The last working day for months < 31 days
For a fortnightly statement you could specify 1 and 15
For all other cycles, account statement will be generated on the last day of that cycle
Generate Stat. Only On Movement
You can indicate that an account statement should be generated for the customer’s account only
when there has been a movement of funds into the account or when funds have been transferred
out of the account.
For instance, let us assume that on the August 21, 2001, you have set the account statement
generation frequency as Daily for the account LI020804. On the September 5, 2001, there has
been no movement of funds in the particular account. If you have opted for the Generate Only on
Movement option, the system will not generate a statement message for September 5, 2001.
If you choose not to enable this option, account statements will be generated regardless of
whether there has been a movement of funds or not.
Display IBAN in Advices
If you would like to print the IBAN number of the customer on advices sent to the customer, you
can enable the Display IBAN in Advices option by checking it. This specification will be defaulted
from the account class linked to the customer account. You will be allowed to change it for a
specific account.
You can choose to print the IBAN Number in advices that are sent to the customer by enabling
the check box positioned next to the Display IBAN on Advices field. If the Display IBAN on
Advices check box is disabled, you can enable this option by checking the box. Consequently, the
IBAN Account Number will be printed on all customer correspondence (Debit/Credit advices)
involving the particular account.
Because of choosing to print IBAN numbers in the correspondence sent to the customer, the
Oracle FLEXCUBE account number will be replaced by the IBAN number. The lists of SWIFT
messages that will include IBAN account numbers are as follows:

MT940 – Customer Statement Message

MT950 – Statement Message

MT900 – Confirmation of debit

MT910 – Confirmation of Credit
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While processing incoming payments, the system checks to see whether the account
involved is an IBAN account. If the account is an IBAN account, it will be processed with the
corresponding Oracle FLEXCUBE account number.
Secondary A/c Statement
This refers to the type of statement to be generated periodically by the system, for this account.
You can specify whether you want a detailed or summary statement or if you do not want a
statement for this account at all.
Cycle
You can specify the frequency for generating the account statements. To specify the frequency of
the statements, click on the adjoining drop-down list. The following list is displayed:

Annual

Semi-annual

Quarterly

Monthly

Fortnightly

Weekly

Daily
On
For a weekly statement you specify the day of the week on which account statements should be
generated and for fortnightly and monthly statements the dates of the month. To specify for
weekly statements, click on the adjoining drop-down list. The following list of days will be
displayed:

Monday

Tuesday

Wednesday

Thursday

Friday
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
Saturday

Sunday
To specify for monthly statements enter a number between 1 and 31 (corresponding to the
system date).
If you set the statement date to 30, then account statements will be generated on:

The last working day for months with < 30 days

For months with 30 days on the 30th; if 30th is a holiday on the next working day
If you set the statement date to 31, then account statements will be generated on:

The 31st for month with 31 days; if 31st is a holiday on the next working day

The last working day for months < 31 days
For a fortnightly statement, you could specify 1 and 15
For all other cycles, account statement will be generated on the last day of that cycle
Generate Stat. Only On Movement
You can indicate that an account statement should be generated for the customer’s account only
when there has been a movement of funds into the account or when funds have been transferred
out of the account.
For instance, let us assume that on the August 21, 2001, you have set the account statement
generation frequency as Daily for the account LI020804. On September 5, 2001, there has been
no movement of funds in the particular account. If you have opted for the Generate Only on
Movement option, the system will not generate a statement message for September 5, 2001.
If you choose not to enable this option, account statements will be generated regardless of
whether there has been a movement of funds or not.
Tertiary A/c Statement
This refers to the type of statement to be generated periodically by the system, for this account.
You can specify whether you want a detailed or summary statement or if you do not want a
statement for this account at all.
Cycle
You can specify the frequency for generating the account statements. To specify the frequency of
the statements, click on the adjoining drop-down list. The following list is displayed:
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
Annual

Semi-annual

Quarterly

Monthly

Fortnightly

Weekly

Daily
On
For a weekly statement you specify the day of the week on which account statements should be
generated and for fortnightly and monthly statements the dates of the month. To specify for
weekly statements, click on the adjoining drop-down list. The following list of days will be
displayed:

Monday

Tuesday

Wednesday

Thursday

Friday

Saturday

Sunday
To specify for monthly statements enter a number between 1 and 31 (corresponding to the
system date).
If you set the statement date to 30, then account statements will be generated on:

The last working day for months with < 30 days

For months with 30 days on the 30th; if 30th is a holiday on the next working day
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If you set the statement date to 31, then account statements will be generated on:

The 31st for month with 31 days; if 31st is a holiday on the next working day

The last working day for months < 31 days
For a fortnightly statement, you could specify 1 and 15
For all other cycles, account statement will be generated on the last day of that cycle
Generate Stat. Only On Movement
You can indicate that an account statement should be generated for the customer’s account only
when there has been a movement of funds into the account or when funds have been transferred
out of the account.
For instance, let us assume that on the August 21, 2001, you have set the account statement
generation frequency as Daily for the account LI020804. On September 5, 2001, there has been
no movement of funds in the particular account. If you have opted for the Generate Only on
Movement option the system will not generate a statement message for September 5, 2001.
If you choose not to enable this option, account statements will be generated regardless of
whether there has been a movement of funds or not.
Exclude Same Day Reversal trns from Stmt
If you do not wish transactions booked and reversed on the same day to be reflected in the
account statement, you can specify the preference here. This feature is applicable only for the
customer account legs and not for the related GL legs. Also, reversals made through the DE
module will not be considered for exclusion.
This specification is defaulted from the account class linked to the account. You can change it for
a specific account.
Statement Account
A customer may have two or more accounts with your bank but may desire to receive a single
consolidated account statement.
Oracle FLEXCUBE allows you to link accounts. For the particular account whose statement
preferences you are defining you can indicate the parent account to which the account should be
linked for statement generation purposes.
The statement account is applicable for all type of account statements (Primary, Secondary and
Tertiary). If the statement account has been specified, you cannot enter other statement details.
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If the statement account is not specified for a particular account then the account can be a
statement account for other accounts. If statement accounts have been maintained, during EOD,
the account statement will not be individually generated for the child accounts. Instead a
consolidated account statement would be generated based on the frequency specified for the
parent account.
While closing a parent account, a message will be shown requesting removal of the parent-child
account linkage.
Even while generating ad-hoc statements you can indicate whether linked account details
should be displayed in the generated report.
2.3.24 Specifying Limits Details
A bank lends overdraft credit facility to both its corporate and individual customers. For a
corporate customer a bank defines a credit line based limit. For an individual customer the bank
gives an account based overdraft limit. In the Oracle FLEXCUBE system, an account-based limit
can co-exist with the credit-based limit.
For a credit line based limit, one customer is designated as a liability customer who is assigned a
credit limit. Other customers are designated as subsidiaries of his liability limit. Thus these
subsidiary customers are linked to a main credit line of the liability customer. There can be
several such liability customers to whom a few subsidiary customers are linked.
A credit line has three basic levels of limits.

Overall limit -- this is the maximum credit exposure that a bank is willing to take for a
liability group.

Main Line Limit -- this is typically an overall limit for a product. It can be used to subdivide the overall limit by other criteria, such as, customer, industry, region and so on.

Sub Line limit -- this is used to allocate the main line credit limit to specifics. For example,
finances into short term long term finances.
Also, the same customer may have different overdraft limit for different accounts. This credit is
always granted for a specified time period and therefore referred to as temporary.
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To specify the credit line details, click the ‘Limits’ button and invoke the ‘Account – Limits’ screen
will be displayed. The Limit currency specified in the ‘Islamic Customer Accounts Maintenance’
screen is displayed. Limit currency refers to the currency in which the bank wants to give credit
facility to this account.
This button appears enabled only if the function Id LMTACRES has been added to your User
Role’. You will then be able to View/Modify/Add (Define) the details of limits maintained at the
Account Level. If this function ID has not been added to your User Role, this button will appear
disabled.
In this table, you can define the following attributes for a credit line.

Temporary Overdraft Limit

Sub-limit

The date from which this credit line is effective

The expiry date of this credit line

The credit line to which you want to link this customer

Uncollected Funds Limits

Credit Transaction Limits
Temp. OD Start
The start and end dates represent the dates from which the temporary overdraft limit becomes
effective upto the date on which it should ceases to be effective.
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Temp. OD Start
The start and end dates represent the dates from which the temporary overdraft limit becomes
effective upto the date on which it should ceases to be effective.
Credit Line
You can indicate the credit line to which you would like to link the customer to. A list of all the
credit line codes maintained in the system will be displayed in the option list. You can select the
appropriate.
Netting Required
To process linked accounts, which are marked for referral, you will need to enable the Netting
Required option. This option is defaulted from the Credit Line associated with the customer
account. If you change the default option, the system displays an override message.
Temp. OD Limit
The temporary OD limit is the limit upto, which any overdraft is allowed, for a specified time
period, over and above the limit set for this account.
This limit is independent of any credit line linked to this account. This is mostly used for short term
overdrawing.
Sublimit
The sub-limit represents that portion of the total credit amount that can be used by this customer
account. The sub-limit need be input only when the account is to be limited to a portion of the
available line amount.
While passing transactions to an account with a sub-limit the first credit check made is against
this sub-limit amount. If the sub-limit is crossed, you will be asked for an override.
Uncoll. Funds Limit
The uncollected funds limit represents the credit transaction amounts that have not been
collected as of the current day. You can set the limit upto which withdrawal is allowed against
uncollected funds.
The uncollected opening balance is reset with the current uncollected balance amount during the
EOD process. This amount is to be considered when calculating Central Limit availability.
Offline Limit
This is the limiting amount till which transactions will be carried out between account(s) for the
account class you are defining here, between branches when the database connectivity is not
functional.
Daylight Limit
The daylight limit is the limit up to which an overdraft is allowed for the business day. The daylight
limit will be added to temporary overdraft to calculate the available balance if EOD is not in
progress. Daylight limit is not considered during EOD.
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You can specify the daylight limit only if ‘Daylight Limit’ option is checked in linked ‘Account
Class - Preferences’ screen. By default, the system will display the value as zero. You can
however change it.
SOD Notification %
Specify the consolidated percentage utilization used for notification of the limit breach under the
SOD.
For more information on SOD Alert Generation, refer topic ‘Generating Alert for SOD Utilization’
later in this chapter.
Cr Transaction Limit
The limit for credit transactions in the account currency. When a transaction exceeds this limit, an
override is displayed. The override requires a dual authorization to save the transaction.
Credit Start Date
This is the date from which this monitoring comes into effect. The check will be performed for all
entries to customer accounts with transaction (booking) date greater than or equal to the start
date.
Credit Rev Date
This is the date on which you would wish to revise this limit. The limit check will continue
irrespective of the date maintained here. The revision date must be greater than the start date
and can be left blank.
Specifying TOD Renewal Details
Renew TOD
Check this box if you want to renew TOD.
Renew Frequency
Specify the renew frequency from the drop-down list. The available options are:

Days

Month
Renew Units
Specify the renew units.
The following validations need to be done for the frequency:

If ‘Renew Frequency’ chosen is ‘Days’ then ‘Renew Units’ cannot be greater than 366
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
If ‘Renew Frequency’ chosen is ‘Month’ then ‘Renew Units’ cannot be greater than 12
Next Renewal Limit
Specify the TOD amount that can be renewed in next cycle.
2.3.25 Specifying Joint Holders Details
For a joint account type of customer account you need to specify details of the other joint holders
of the account. Click the ‘Joint Holders’ button to display the joint account holder’s screen.
In this screen you maintain the following for a joint account:

Identifier codes for the joint holders

Descriptions of joint holders
The following parameters need to be maintained for a joint account:
Joint Holder
Code
This field specifies the code numbers assigned to each of the joint holders of
this account.
Description
This is the description of the joint holder. Here you can enter the name of the
joint holder and also his relationship with this customer.
Indicate the following details:
Branch
The system displays the branch code of the current branch
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Account Number
The system displays the account number here
Joint Holder Code
This field specifies the code numbers assigned to each of the joint holders of this account
Description
This is the description of the joint holder. Here you can enter the name of the joint holder and also
his relationship with this customer
Joint Holder Type
Specify the type of authority. Select the appropriate one from the drop-down menu. The options
are:

Authorized Signatory

Customer Contact Person

Guardian

Custodian

Developer

Guarantor

Joint and First

Joint and Other

Joint or First

Joint or Other

Nominee

Related for Enquiry

Solicitor

Sole Owner
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
Third Party

Trustee

Valuer

Power of Attorney
Start Date
Specify the date from which the joint holding of the account begins.
End Date
Specify the date on which the joint holding of the account ends.
2.3.26 Specifying UDF Details
User defined fields are maintained through the ‘User Defined Fields’ screen. Click the ‘Fields’
button in the ‘Islamic Customer Accounts Detailed’ screen to invoke this screen.
2.3.27 Specifying Deposits Instruction Details
Deposits instructions are maintained through the ‘Deposits Instructions’ screen. Click the
‘Deposits Instructions’ button in the ‘Islamic Customer Accounts Detailed’ screen to invoke this
screen.
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Here you can capture the following details:

Branch Code - The branch code of the branch which is to be associated with the account

Account - Specify the account number of the customer. Select the account number from
the adjoining option list

Account Class - This is the account class to which the account is linked

Customer - The customer for whom you are maintaining the deposit instructions

Currency - Currency of the particular account

Sweep Branch - Indicate the branch to which the sweep is carried out

Deposit Currency - The currency in which the deposit is made

Sweep To Account - Indicate the account to which the sweep is carried out

Sweep Amount - This is the deposit amount

Seq No - The system generated sequence number for the instruction you are maintaining

Tenor - Tenor for the deposits that are opened under an account class

Sweep Multiple Of - The sweep can only be in multiples of the sweep specified
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
Minimum Required Balance - The minimum balance indicates that only the amounts
above this limit will be used for auto creating deposits

Source Code - The code assigned for the sweep

External Reference Number – The external reference number

Retry Till Date - The instructions specified will be invalid after this date Any failed sweeps
after this date will not be picked up for processing the next day

Start Date – The start date of the application of the deposit instruction maintained.
The auto deposit is triggered during EOD when the account balance exceeds the minimum
required balance.
Auto Deposit is created if the following conditions are satisfied:

‘Auto Deposit’ is checked and deposit instructions are given for the account.

Amount utilized from the linked deposit accounts are sweeped out.

Account currency balance is greater than ‘Minimum Required Balance’.
2.3.28 Specifying Billing Parameters Details
Billing parameters are maintained through the ‘Billing Parameters’ screen. Click the ‘Billing
Parameters’ button in the ‘Islamic Customer Accounts Detailed’ screen to invoke this screen.
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You will have to maintain a set of parameters for the billing module. While settling or liquidating
the bill, the default parameters that you have maintained for the account involved in this module
will be used.
The screen also displays the Product Code and Description of all Billing Products applicable to
the account.
Consolidating Account
You can specify a consolidating account for the given account. From the option list you can
choose:

A different account number if you want to consolidate the charge under this account to a
different account. The Consolidation account selected for this account should be in the
same currency as this account. It also has to belong to the same branch as the specified
account.

The same account to indicate that there is no consolidation and an individual billing
invoice is to be raised on this account
Billing Liquidation
You have two modes of liquidation i.e. Auto or Manual. The preference you have maintained for
the billing product will be defaulted here. You can choose to change the mode for the specified
account under the following scenarios:
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
If Auto is chosen, then you have to specify whether the settlement is through a settlement
account or through Direct Debit Instruction

In case you want to raise Direct Debit instruction for the billing invoice amount,
irrespective of whether the liquidation mode is Auto or Manual, you have to maintain the
details for Direct Debit details viz. Direct Debit Bank Code, Account, Name and
Agreement ID fields.

If you choose Manual option, then manual liquidation is possible only under the following
four modes:

By Cash – through retail teller product

By Clearing – through outward clearing product

By Transfer – debit account in CASA module

By Direct Debit – through PC module
If the consolidation account is different from the present account, then the system uses the
liquidation parameters specified at the consolidation account level and liquidation parameters
specified, if any, at this account level is ignored.
Settlement Account
As mentioned above, you need to specify the settlement account to enable automatic liquidation
of billing.
For liquidating the billing amount and also for collecting the bill amount, the system makes use of
the account specified here.
Maintaining direct debit details
If you have maintained the mode of settlement for auto liquidation of bills as Direct Debit
instructions, you need to specify the following details:

Payable Bank – Choose the bank from the option list. This indicates the bank code of the
settlement account

Account Number – Specify the account number for the settlement account

Name – Specify the name of the debtor

Agreement ID – Specify the agreement id on which the DD is to be generated
During liquidation, the direct debit contract is uploaded into the system in case you have
maintained the settlement mode as direct debit transaction. The upload happens for both
automatic liquidation and manual liquidation.
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2.3.29 Specifying Account Signatory Details
Account Signatory details are maintained through the ‘Signatory Details’ screen. Click the
‘Account Signatory’ button in the ‘Islamic Customer Accounts Detailed’ screen to invoke this
screen
Here you can capture the following details:
Branch
The system defaults the current branch here.
Account Number
This is the account number to which signatories are to being linked.
Account Description
The system displays the description for the account you have selected.
Customer Number
Enter the customer signatory you want to link to the account
You can link a customer signatory to an account either by:

Click on the option list next to the Signatory Number. A list of customer signatory
numbers, whose details have been captured will be displayed, along with their names.
Pick up the signatory whom you want to make an account signatory for the account
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
Keying-in the customer Signatory Number and Name directly, if the signatory number has
not been maintained through the Customer Signatory details screen
If the signatory ID that you specify has not been maintained, the System displays an
override. On confirming the override, you will be allowed to save the signatory details. An error
message is displayed if you enter a duplicate Signatory ID. Each time you capture a new
Signatory ID at the account level you must identify the relationship of the signatory with the
customer.
Customer Name
The system displays the name of the corresponding customer.
Minimum Number of Signatories
Specify the minimum number of signatories necessary to endorse an instrument involving the
account.
Account Message
You can capture information about particular signatories. These messages could pertain to the
name, number and the type of signatory your customer is. For instance you can capture a
message like - "This signatory is a joint account holder with rights to sign instruments only up US
8000".
Signatory Number
The system displays values maintained in CIF signatory for the customer number.
Signatory Name
The system displays the corresponding name of the signatory number specified.
Approval Limit
Specify the amount up to which the account signatory can approve for debits.
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2.3.30 Specifying Interim Transactions Report Details
Interim Transaction reports are maintained through the ‘Interim Transaction Reports’ screen.
Click the ‘Interim Transaction Reports’ button in the ‘Islamic Customer Accounts Detailed’ screen
to invoke this screen.
This screen contains the details necessary for the account generation parameters. The message
details the balance of the customer account that is under a particular account class. The account
balances indicate the condition of the customer account for an identified time period.
2.3.31 Specifying Interim Transactions Report
Generate Message
Check this box to indicate that the periodic interim statement (MT942) generation is required for
the account. This will be defaulted from ‘Account Class Maintenance’ screen. However, you can
modify it. The ‘Consolidated Statement’ and ‘Generate Message’ are mutually restricted.
Generate Message Only on Movement
Check this box to indicate that the interim statement generation is required, only if additional
entries have been posted subsequent to the previous interim statement generation. This will be
defaulted from ‘Account Class’ screen, however you can modify it.
Report Transaction Since
This section lists all the transactions of the interim account statement, which are supposed to be
reported. This will be defaulted from ‘Account Class’ screen, however you can modify it. You can
choose the appropriate values applicable:

Previous MT942 - This indicates that all transactions posted and authorized since
previous MT942 would be sent in the current interim statement.
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
Previous MT940 - This indicates that all transactions posted and authorized since
previous MT940 will be sent in the current interim statement. If this option is selected, you
will have to specify the cycle of account statement to be considered.
Minimum Debit Amount
Specify the minimum transaction amount for the debit transaction to be eligible for reporting in the
interim statement. The corresponding amount for the account currency will be defaulted.
However, you can modify the amount defaulted. If the amounts are not defined at the account
class for the currency in which the account is being created, no defaulting of amounts shall be
done.
Minimum Credit Amount
Specify the minimum transaction amount for the credit transaction to be eligible for reporting in
the interim statement. However, you can modify the amount defaulted. If the amounts are not
defined at the account class for the currency in which the account is being created, no defaulting
of amounts shall be done.
Daily Statement Count
Specify the count of interim statement generated during the day. In case a statement is
scheduled to generate, but is not generated because there is no movement, the counter will not
be incremented. The counter will be reset at End of Day.
Year to Date Statement Count
Specify the count of interim statement generated for the account since start of the financial year.
The financial year will be as defined in the Accounting Period maintenance. This counter would
be set at the end of year.
Generate Balance Report
To indicate that the customer account is considered for generation of its balance message, check
this box.
Of
Select the mode of message for balance generation from the option list.
Report Transaction Since
This section lists all the transactions the customer account has undergone, in the interval of
balance messages generated for the account. You can choose the appropriate values applicable:

Previous MT940: This indicates all transactions posted and authorized since the issue of
a previous MT 940 in the current balance report

Previous MT941: This indicates all transactions posted and authorized since the issue of
a previous MT 941 in the current balance report
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
Previous MT950: This indicates all transactions posted and authorized since the issue of
a previous MT 950 in the current balance report
You can synchronize the time instance by hours for generation of the balance message by
clicking the ‘Times’ button.
This screen is employed to indicate the the time instance in hours for the generation of the
balance report.
Message generation time
Specify the timing for generation of the MT 941/ MT942 message. You can specify the time
interval in hours only.
The details for issuing the balance reports are discussed in the chapter ‘Maintaining Mandatory
information, for different accounts under a particular class. The details involved in generation of a
balance report for a specific customer account correspond with those discussed for account
classes.
2.3.32 Specifying Notice Details
Notice preferences are maintained through the ‘Notice Preferences’ screen. Click the ‘Notice
Preferences’ button in the ‘Islamic Customer Accounts Detailed’ screen to invoke this screen.
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The following field is displayed in this screen:
Description
The following details are defaulted from the account class maintenance level. However, at the
account level you are allowed to modify this.
Advance Profit
Check this field to levy the advance profit on the account
Note the following:

The customer is liable to pay this advance profit in case he/she fails to provide the
required notice to the bank

The system deducts the advance profit from the credit profit earned by the customer on
his/her credit balance in the account
Monthly Free Amount
Specify the amount that the customer can withdraw per calendar month from his/her savings
account without being liable to pay advance profit.
Notice Days
Specify the number of days before which the customer should notify the bank if he/she wants to
withdraw an amount more than the ‘Free Amount’ from his/her account.
Validity Period
Specify the validity period in number of days. During this period, the customer can do the
withdrawal of the amount for which he/she notified the bank.
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This screen is applicable only for saving type of account
2.3.33 Specifying Cards Details
Card Summary details are maintained through the ‘Card Summary screen’. Click the ‘Cards’
button in the ‘Islamic Customer Accounts Detailed’ screen to invoke this screen.
Here, you can view the following details.
Branch Code
The branch code is displayed from the main ‘Customer Accounts Maintenance’ screen.
Customer No
The customer identification code (CIF) of the account holder is displayed from the main ‘Islamic
Accounts Maintenance’ screen.
Account No
The account number is displayed from the main ‘Customer Accounts Maintenance’ screen..
Authorisation Status
Indicate the authorisation status of the debit card by selecting one of the following values:

Authorised

Unauthorised
Record Status
Indicate the record status of the debit card by selecting one of the following values:
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
Open

Closed
Branch Code
The system displays the branch code where the debit card has been issued.
Request Reference Number
The system displays the request reference number of the card issuance record.
Card Number
The system displays the debit card number of the card holder.
Multiple cards can be issued to a customer.
2.3.34 Specifying OFAC Check Details
OFAC check enables the application to call an external web service to perform black list check for
customer and customer accounts and give warnings appropriately while transacting with black
listed customers. You can also capture your remarks before overriding the black list warning.
Click ‘OFAC Check’ button in ‘Islamic Customer Accounts Detailed’ screen to view the OFAC
check response in the ‘External System Details’ screen On clicking ’OFAC Check’ button, system
will build the request XML and call the web service. The ‘External System details’ screen displays
the response is received from the external system and you will be also allowed to enter your
remarks in this screen. The response received will also be sent to Oracle FLEXCUBE Database
layer for any further interpretations of the same.
Here, you can view /capture the following details:
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External System Response
The response from the external system regarding the black listed customer is displayed here.
User Remarks
Specify your remarks regarding the black listed customer here.
2.3.35 Specifying Change Log Details
Change log details are maintained through the ‘View’. Click the ‘Change Log’ button in the
‘Islamic Customer Accounts Detailed’ screen to invoke this screen.
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2.3.36 Maintaining Provisioning Preferences for a Islamic account
An account inherits the provisioning parameters defined for the Islamic account class it uses.
You can change the defaulted parameters and make the following specifications, as required, in
the Provision Details section of the ‘Islamic Customer Accounts Detailed - Auxiliary’ screen.
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2.3.37 Maintaining Provisioning Percentages Details
In addition to the provisioning preferences listed above, you must also indicate the applicable
provisioning percentage and the discount percentage details in the ‘Provision Percentages’
screen that you can invoke by clicking the ‘Provision’ button in the Provisioning Details section of
the ‘Islamic Customer Accounts Detailed - Auxiliary’ screen.
You can maintain the following details here:
Provisioning Percentage
If you wish to indicate a specific provisioning percentage to be applicable for the account, you can
specify it in the ‘Provisioning Percentage’ screen.
If you do not specify any provisioning percentage, the provisioning batch picks up the applicable
provisioning percentage from the Exposure Provisioning Percentage Maintenance, for the
exposure category of the account and the account status.
Discount Percentage
If you wish to indicate a specific discount percentage to be applicable for the account, you can
specify it in the ‘Provisioning Percentage’ screen.
If you do not specify any discount percentage, the provisioning batch picks up the applicable
discount percentage from the Exposure Provisioning Percentage Maintenance, for the exposure
category of the account and the account status.
Viewing the Computed Provision Amount
The provision amount computed for the account is displayed in the Provision Amount field in the
‘Amounts and Dates’ button in the ‘Islamic Customer Account Maintenance’ screen.
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2.3.38 Viewing details of Amounts and Dates
In the ‘Amounts and Dates’ screen you can view all Financial details of this customer’s account
along with the details of the previous debit or credit activities. However, access to all financial
information of an account can be restricted for any user. The financial details of an account
include the account balance, the un-cleared debit and credit balances, the debit and credit
turnover and the profit details.
Click the ‘Amounts and Dates’ button in the ‘Islamic Customer Accounts Detailed’ screen.
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2.3.39 Viewing Total Available Balance Details
The total available balance displayed by the System includes the unutilized line amount in case
the customer enjoys an OD limit.
Example
The customer account has a line with an amount of USD 50,000 linked to it.
Case I

Account has a Credit balance of USD 1000

Total unutilized line amount is USD 50,000

Your bank would like to see USD 51,000
The total available balance is displayed as:

Unutilized Line amount USD 50000

Total available balance USD 51,000
Case II

Account has a Debit balance of USD 2000

Total unutilized line amount is USD 48,000

Your bank would like to see USD 48,000
The total available balance is displayed as:

Unutilized Line amount USD 48,000

Total available balance USD 48,000.
In the Amounts and Dates screen, you can view the outstanding debit profit and/or charges due
on the account, as on the current date.
You can also view the amount that can be withdrawn against uncollected funds, on the account.
The System computes the allowable amount based on the Withdrawable Uncollected Funds
Basis option specified in the Branch Parameters Preferences screen.
2.3.40 Viewing Turnover Amounts
In the ‘Customer Account - Turnover Amounts’ screen you can view the total turnover of this
customer account from the first date of this month to the current day’s system date. Also, you can
view the accumulated profit associated with debit or credit transactions after the last liquidation.
To view the turnovers for the account, click the ‘Turnover’ button. The Customer Accounts Turnover Amounts screen is displayed.
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After maintaining the required details you can return to the Amounts and dates screen.
2.3.41 Maintaining Other Details for Islamic Deposit Account
Using this screen, you can maintain the following details for Islamic Deposit Account:

Maintain Credit Limit Liability details

Maintain parameters for Joint Accounts

Maintain Transaction Restrictions

Maintain Account signatory details

Maintain Account Statement details

Specifying MIS details for an account

Specifying payment and collection limits

Specifying Regulation D applicability for a customer account

Relationships for Customers
For further details, refer the chapter ‘Maintaining Customer Accounts’ in the Core Entities User
Manual.
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The sign-on branch code is defaulted when you maintain a new instruction. The current system
date is also displayed. You can select the customer account for which you want to maintain an
operating instruction, from the available option-list.
On selection of the account, the description gets displayed in the adjacent field.
At the time of maintaining an instruction, you can also specify a condition for displaying the
instructions when transactions pertaining to this account are being processed. The instruction will
be displayed to you when the condition is satisfied.
2.3.42 Closing a Islamic Account
When you close an account the system will check whether an IP product linked to the account is
pending liquidation. If an IP Product is pending liquidation you will be prompted to perform the
liquidation before closing the account.
You can click on the Liquidate button to imitate the process whereby the system will calculate all
outstanding amounts for all products involving the account and display the same. On confirming
the details that are displayed the system liquidates the products. You will not be required to
authorize this action.
If any provisioning has been done in respect of the account, the relevant amount is written back
to the GL as specified in the maintenance, on Closure.
If the account does not have any IP products pending liquidation the system will display list of
‘Close Out’ modes in the ‘Account Closure Details’ screen.
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In this screen you can select the Close Mode, which is to be used to close the account. The
option list positioned next to this field contains a list of all the Close Modes maintained in the
Customer Account Closing Modes screen. The product linked to the close mode will be defaulted.
Some of the close out modes may require additional details to complete the transaction. These
additional details can pertain to either of the following:

The Offset Account

The Instrument (when the Close Out is through an Instrument) with which you payoff the
balance in the account
Thus, based on the mode selected the withdrawal entries are booked against the appropriate
product. The balance of the account will drop down to zero. Subsequently, the account is marked
as closed.
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For detailed information on the Customer Account Closing Mode Maintenance screen you can
refer the Maintaining Customer Account Closing Modes sub-heading in Core Entities User
Manual.
2.3.43 Executing Automatic Closure Batch
You can have all accounts for which the box ‘Account set for closing’ is checked automatically
closed using a batch process after the profit distribution is completed. You need to configure this
batch as a mandatory program in End of transaction Input (EOTI) stage using the ‘Mandatory
Batch Program Maintenance’ screen. You can also configure it as an intraday batch.
You can invoke the ‘Mandatory Batch Program Maintenance’ screen by typing ‘EIDMANPR’ in the
field at the top right corner of the Application tool bar and clicking on the adjoining arrow button.
This batch should be configured for execution after ICEOD batch.
Function Identification
Specify the function ID ‘ICPDMBT.
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End of Cycle Group
Choose ‘End of Transaction Input’.
Frequency
Choose ‘Daily’ from the adjoining drop-down list.
After each profit distribution cycle, you will have to take a report of accounts where ‘Account set
for closing’ is checked and then transfer the balance in such accounts in order to make the
balance to zero for the purpose of automatic closure.
This batch will close all the applicable accounts after ensuring the following:

Account balance is zero.

Profit distribution is done.

No more profit is accrued.
In case any of the aforesaid validations fail, the batch will not close the customer accounts. In
case of such failure, the system will raise an exception.
2.3.44 Sweep In and Sweep Out Batch Processing
The Sweep In and Sweep Out process is handled by an EOD batch STSWEEP. All the utilized
deposit accounts in a day are fetched by the batch STSWEEP due to CASA linkage. The amount
block is then released to the CASA account by breaking the deposit.
Sweep In Process
During Sweep In Process the system:

Releases the amount blocked for the deposit accounts for the utilized amount.

Transfers the amount to relevant CASA account.

Updates the deposit account balance.
Other deposits are considered only after utilizing auto deposit created for account.
For Example:
Case 1
During Sweep in Process an amount block will be released for deposit account TD1000011 from an amount
of 2000 AED.
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The table below describes the modified amount block:
TD Acc
Amt blk No
Block type
Amount
Effective date
Expiry date
TD1000011
AB1259
Sweep Deposit
2000
01-Jan-2011
31-mar-2011
TD1000012
AB1260
‘’
1000
01-Jan-2011
15-May-2012
TD1000013
AB1261
‘’
10000
01-Jan-2011
15-May-2012
The following accounting entries will be passed to top up the CASA account “TD100453002” and reduce the
deposit account balance to the extent of the transferred amount. Accordingly, the deposit account balance
for the account “TD1000011” will be 8000 AED
Account
Currency
Dr/Cr
Event
Amount
Amount Tag
TD1000011
AED
DR
INIT
2000
TXN_AMT
TD100453002
AED
CR
INIT
2000
OFS_AMT
Case 2
Referring to the example in the processing section during sweep in process the system:

Releases the amount block for the below mentioned deposit accounts:

“TD1000011”

“TD1000012”

“TD1000013”
During utilization of the linked deposits, system updates the linked deposit details as follows:
Order Of
Linkage
Deposit
account
Deposit
Currency
Linked
Percentage
Deposit
amount
Linked
Amount
Utilized
Amount
1
TD1000011
AED
40
10000
4000
2000
2
TD1000012
AED
20
5000
1000
0
3
TD1000013
AED
50
20000
10000
0
The table below describes the modified amount block:
TD Acc
Amt blk No
Block type
Amount
Effective date
Expiry date
TD1000011
AB1259
Sweep Deposit
2000
01-Jan-2011
31-mar-2011
TD1000012
AB1260
‘’
1000
01-Jan-2011
15-May-2012
2-135
TD1000013
AB1261
‘’
10000
01-Jan-2011
15-May-2012
TD account TD1000011 and TD1000012 will be deleted.
The following accounting entries will be passed to top up the CASA account TD100453002 and
reduce the deposit accounts balance to the extent of the transferred amount.
Account
Currency
Event
Dr/Cr
Amount
Amount Tag
TD1000011
AED
INIT
DR
2000
TXN_AMT
TD100453002
AED
INIT
CR
2000
OFS_AMT
Account
Currency
Event
Dr/Cr
Amount
Amount Tag
TD1000012
AED
INIT
DR
1000
TXN_AMT
TD100453002
AED
INIT
CR
1000
OFS_AMT
Account
Currency
Event
Dr/Cr
Amount
Amount Tag
TD1000013
AED
INIT
DR
7000
TXN_AMT
TD100453002
AED
INIT
CR
7000
OFS_AMT
The deposit account balance is given as below:

TD1000011 will be 6000 AED

TD1000012 will be 4000 AED

TD1000013 will be 13000 AED
Sweep Out Process
During Sweep Out process the system:

Check for the credit balance in the CASA account.

Transfer the credit balance or the linked amount to the relevant deposit account.

Updates the utilized amount for the transferred amount.
Other deposits are considered only after utilizing auto deposit created for account.
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For Example:
Case1
CASA account - TD100453002
Account CCY - AED
Application Date – 02-Jan-2011
Account Currency Balance - 4000
Linked deposit details are as follows:
Order Of
Linkage
Deposit
account
Deposit
Currency
Linked
Percentage
Deposit
amount
Linked
Amount
Utilized
amount
1
TD1000011
AED
40
10000
4000
4000
2
TD1000012
AED
20
5000
1000
1000
3
TD1000013
AED
50
20000
10000
7000
In the above scenario the amount to be replenished will be 40O0 AED as the account currency balance is
less than the sum of the linked deposit accounts utilized amount.
The following accounting entries will be passed to top up the relevant deposit account based on the order of
their linkage and to reduce the account currency balance to the extent of the transferred amount.
Accordingly, the account currency balance for the account TD100453002 will be zero or negative.
Account
Currency
Dr/Cr
Event
Amount
Amount Tag
TD100453002
AED
DR
INIT
4000
TXN_AMT
TD1000011
AED
CR
INIT
4000
OFS_AMT
Utilized amount of the link deposit details will be updated as given below based on the order of linkage
Order Of
Linkage
Deposit
account
Deposit
Currency
Linked
Percentage
Deposit
amount
Linked
Amount
Utilized
amount
1
TD1000011
AED
40
10000
4000
0
2
TD1000012
AED
20
5000
1000
1000
3
TD1000013
AED
50
20000
10000
7000
Case 2
CASA account - TD100453002
Account CCY - AED
Application Date – 02-Jan-2011
2-137
Account Currency Balance - 10,000
In the above scenario the amount to be replenished will be 8000 AED since the sum of the linked deposit
accounts utilized amount happens to be lesser than the account currency balance
Referring to the example in the processing section, during sweep out process the system will do the
following for CASE -2
The following accounting entries will be passed to top up the relevant deposit accounts based on the order
of their linkage
Account
Currency
Dr/Cr
Event
Amount
Amount Tag
TD100453002
AED
DR
INIT
1000
TXN_AMT
TD1000012
AED
CR
INIT
1000
OFS_AMT
Account
Currency
Dr/Cr
Event
Amount
Amount Tag
TD100453002
AED
DR
INIT
7000
TXN_AMT
TD1000013
AED
CR
INIT
7000
OFS_AMT
Utilized amount of the link deposit details will be updated as given below based on the order of linkage:
Order Of
Linkage
Deposit
account
Deposit
Currency
Linked
Percentage
Deposit
amount
Linked
Amount
Utilized
amount
1
TD1000011
AED
40
10000
4000
0
2
TD1000012
AED
20
5000
1000
0
3
TD1000013
AED
50
20000
10000
0
Accounting entries will be passed to reduce the account currency balance to the extent of the transferred
amount. Accordingly, the account currency balance for the account TD100453002 will be 2000 AED.
After successfully completing the sweep out process, the system will update the amount block to the extent
of the credit transactions towards the CASA account and the details are described in the below table:
TD Acc
Amt blk No
Block type
Amount
Effective date
Expiry date
TD1000011
AB1259
Sweep Deposit
4000
01-Jan-2011
31-mar-2011
TD1000012
AB1260
‘’
1000
01-Jan-2011
15-May-2012
TD1000013
AB1261
‘’
10000
01-Jan-2011
15-May-2012
2-138
2.3.45 Generating Alert for Secure Overdraft Utilization
Secure Overdraft (SOD) facility is given against collaterals for an account. Oracle FLEXCUBE
facilitates generation of alert when SOD utilization is closer towards the consolidated limit amount
of the collaterals.
Oracle FLEXCUBE runs a batch process to identify such breached SOD accounts and generates
alerts as per the maintained percentage parameter at SOD account level and decides the breach
limit for every account. The system sends the generated alerts as ADVICE format (email) or
ASCII flat file. It defines the message format for email and captures the following key information
to send these alerts to OD customer:

Email ID

Mobile number
The system runs a CASA batch adding the following process ‘SODALERT’:

Identify the SOD accounts to be processed

Read the percentage for breach calculation

Identify if the breach happened

Generate the alert to intermediate data store

Generate the MSG handoff in case the medium is mail

Complete the message generation if the medium is mail

Update the dispatch flag as processed.
2.3.46 Creating a Message Advice Format
You need to create a message advice format through the ‘Advice Format Maintenance’ screen
with the format named ‘SOD_CR_UTIL’. You should also create an outgoing generic interface to
generate ASCII file where in the component details for the generic interface are the elements
from the new data store. You need to schedule this generic interface to be executed during EOD
through ‘GIDPRSIF’ batch.
The system processes alerts only if the email address and mobile number are maintained for
a customer.
You can know the Limit Utilization Breach for the account by the application of the following
formula:
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‘(Utilized limit amount) ≥ (SOD Amount * SOD notification percentage) / 100’
Example
Assume the following for processing alerts:

Term Deposit booked is for Rs 100,000 for account CHO123

SOD amount for the corresponding TD CHO123 is Rs.90000

SOD Notification Percentage is 90%
If the Utilized amount for the OD is equal to or greater than Rs 81,000, then the customer is alerted that the
credit facility against the FD is breached.
The Intermediate data store consists of the following details:

DCN

BRN

Customer Account Number

Customer No

Customer Mail

Customer Mobile No

Utilized Amount

Overdraft Amount

Dispatch Flag
You need to maintain the following message advice format through the ‘Advice Format
Maintenance’ screen.
#RH
< SOD ACCOUNT UTILIZATION>
Date: _DATE_
Bank Name: _BANK-NAME_
Branch Address: _BRANCH-ADDR_
2-140
Customer Name: _CUST-NAME1_
Customer ID: _CUSTOMER_
Account Number: _ACCOUNT-NO_
OD Amount: _OD_AMOUNT_
Utilised Amount: _UTIL_AMOUNT_
#EH
#B
#SC
#IF _DIFFEQAUL_
Your Account with Account Number _ACCOUNT-NO_ has reached the limit of the OD.
#ENDIF
#IF _DIFFGREATER_
Your Account with Account Number _ACCOUNT-NO_ has breached the limit of the
OD by _DIFFGREATER_
#ENDIF
#EC
#EB
#RF
FOR _BRANCHNAME_
AUTHORIZED SIGNATORY.
#EF
2-141
For more information on Advice Format, refer ‘Maintaining Advice Format’ chapter under
‘Messaging System’ User Manual.
Note the following:

For multiple collaterals you need to consider consolidated limit amount for deriving the
breach limit amount.
The system re-uses the following key information for alert generation:
2.4

Email ID – from customer personal maintenance

Mobile number – from CIF – personal information
Viewing Islamic Customer Accounts Details
You can view the Islamic customer accounts details maintained in the ‘Islamic Customer
Accounts Detailed’ screen using the ‘Islamic Customer Accounts Summary’ screen. You can
invoke this screen by typing ‘IASCUSAC’ in the field at the top right corner of the Application tool
bar and clicking on the adjoining arrow button.
In the above screen, you can base your queries on any or all of the following parameters and
fetch records:

Authorization Status

Branch Code

Record Status

Account
2-142
Select any or all of the above parameters for a query and click ‘Search’ button. The records
meeting the selected criteria are displayed.
You can query or modify the account details of the customers whose accounts are permitted
to you for the query/modification in the ‘Group Code Restriction’ screen.
If you are allowed to query customer information, then system displays the following details
pertaining to the fetched records:

Authorization Status

Record Status

Branch Code

Account

Description

Customer Number

Currency

Account Class

No Debits

No Credits

Stop Payments

Dormant

Account Open Date

Alternate Account Number

Cheque Book

Passbook

Account Number
2-143
2.5

Account Type

Frozen
Viewing Mudarabah Sweep Details
You can view Mudarabah Sweep details in the Mudarabah Sweep History Details screen. You
can invoke this screen by typing ‘IADSWHIS’ in the field at the top right corner of the Application
tool bar and clicking the adjoining arrow button.
In the above screen, you can base your queries on the following parameters and fetch records:

Branch Code

Account Number
Select any or all of the above parameters for a query and click ‘Search’ button. The records
meeting the selected criteria are displayed.
If you are allowed to query sweep details for the account, then system displays the following
details pertaining to the fetched records:
2-144

Order of Linkage

TD Branch

TD Account Number

Linked

Auto Deposit

Linked Percentage

Linked Amount

Utilized Amount
If the Mudarabah Sweep detail is checked then the system displays the following sweep history
for the customer account:

TD Account Number

Branch

Operation

Transaction Date

Transfer Amount
2-145
3. Maintaining Investment Weights
3.1 Introduction
In order to compute the profit distribution on a Mudarabah fund, you need to capture the risk
associated with every investment that forms the Mudarabah fund.
3.2 Maintaining Investment Weights
You can capture the risk or weight attached to every deposit investment in the ‘Weights
Maintenance’ screen. This screen allows weights maintenance for different combinations of fund
Id, product type, account class, effective date and currency. You can invoke the ‘Weights
Maintenance’ screen by typing ‘ICDWTMNT’ in the field at the top right corner of the Application
tool bar and clicking the adjoining arrow button.
3-1
Here you can specify the following details:
Mudarabah Fund Id
You can specify the Mudarabah Fund Id for which you wish to maintain deposit weight details
from the option list. The option list contains all Mudarabah fund Id that are active and authorized.
Currency
You can specify the currency to maintain deposit weight details from the option list. The option list
will displays all the currency codes maintained in the system.
Effective Date
You can specify the date from which the weights should be considered for profit calculation and
distribution. You can also maintain a back-valued effective date but not a future date.
Account Class
You can specify the account class for which you wish to maintain weight details from the option
list. The option list displays all the account classes linked to the selected fund Id.
Bank Local Currency
The system defaults the bank local currency here and not the Branch currency. The entire profit
calculation will be done in this currency.
Product Type
The system will default the product type based on the account class selected on saving the
record:

Savings

Current

Term Deposits
3.2.1.1 Broken Period
Weight (%)
You can specify a weight in percentage that should be for calculating the profit when term
deposits are redeemed before their maturity dates.
If the utilization amount is not zero at the end of PDM calculation period then the system
considers the broken weightage maintained along with other weightages for deposits in
Mudarabah Sweep.
3-2
3.2.1.2 Mudarib Fee
Fee (%)
You can specify a fee in percentage that should be used as Mudarib fee for profit allocation
calculation for the given pool code, account class and currency combination.
3.2.1.3 Value Category
Amount Slab
You can assign a weight to an amount slab. For all investment wherein the amount falls in the
particular slab, the weight specified against the slab will be applicable.
Weight (%)
You can specify the weight for an investment falling under the specified slab.
3.2.1.4 Tenor Category
Units
You can specify the frequency of the term deposit. You can choose from the following option
available in the drop-down list:

Months

Year
Tenor
You can specify the tenor of the term deposit.
TD Weight
You can specify the weights for Investment accounts having the particular profit distribution
frequency.
Savings/Current Account
You can specify the weight for savings accounts falling under the chosen Mudarabah fund Id.
This field is available only if the product type is specified as ‘Savings’.
In this field you are not allowed to maintain the weight details for the TD and units, tenor and
weight details will not be allowed to maintain for Savings and current account classes.
3.2.1.5 PPO Category
Days
You can specify the profit distribution frequency in terms of days. You can specify any numerical
value from 1 to 99.
3-3
Months
You can specify the profit distribution frequency in terms of months. You can specify any
numerical value from 1 to 12.
Years
You can specify the profit distribution frequency in terms of number of years.
Weight (%)
You can specify the weights for investment accounts having the particular profit distribution
frequency.
3.3 Profit Calculation Batch
You can calculate the profit and as well as initiating distribution to depositors and shareholders for
the Mudarabah fund using ‘Profit Calc Batch’ screen. You can invoke the ‘Profit Calc Batch’
screen by typing ‘ICDPRCBT’ in the field at the top right corner of the Application tool bar and
clicking the adjoining arrow button.
Bank Local Ccy
The system displays the local currency of the bank.
Financial Cycle
The system displays the previous month’s financial cycle.
3-4
3.3.1.1 Period Code
From
You can specify the period code from which the profit needs to be shared. The option list displays
all period codes maintained in the system. You can select the appropriate one.
To
You can specify the period code until which the profit needs to be shared. The option list displays
all period codes maintained in the system. You can select the appropriate one.
Period Type
Specify the type of period for which the profit sharing needs to be done. You can choose any of
the following options available in the drop-down list:

Notional

Actual
Mudarabah Fund ID
You can specify the fund id for which the profit calculation needs to be done. The option list
displays all fund IDs for which the profit has to run for the period codes. However if the profit
distribution is done already then the system will not display those fund IDs.
Profit Calc Sequence Number
When you click save icon, the system defaults the ‘Profit Calc Sequence Number’ in this field.
Profit Equalization Amount
You can indicate the following preferences.
Credit/Debit
Indicate whether the PEA amount should be deducted from or added to the depositor’s profit.
Select one of the following options:

Credit - Choose this to add the PEA amount to the depositor’s profit.

Debit - Choose this to deduct the PEA amount from the depositor’s profit.
Lcy
Specify the PEA amount (in local currency) that should be deducted from the depositor’s profit
before deduction of the Mudarib fee. If you have chosen ‘Credit’ as the PEA criterion, then
indicate the amount that should be added to the depositor’s profit. Mudarib fee will not be
deducted in this case. Alternatively, if you have specified the PEA % for depositor’s investment,
the system will compute the PEA amount in local currency and display it here.
3-5
PEA% for DEP Investment
Specify the amount that should be considered for PEA deduction/addition, as a percentage of the
depositor’s profit. The PEA amount in local currency will be computed based on this figure.
Alternatively, if you have specified the PEA local currency amount, the system will display the
same as a percentage of the depositor’s profit.
You can view details of the batch by clicking the ‘View Profit Calc Log’ button.
The batch needs to be authorised in order to be submitted.
While executing this batch, the system computes the balance of each account, based on the
profit calculation balance basis maintained for the linked account class. The system computes the
cash reserve amount for each account based on the cash reserve ratio (CRR) maintained for the
currency in the linked account class. If the CRR value is not maintained for the currency, it will
consider the CRR specified for the account class a whole. It deducts the computed cash reserve
amount from the account balance before applying weights in profit distribution.
The system considers the account balance after deduction of cash reserve ratio for depositor’s
investment in profit sharing.
3.4 Updating Profit Calculation
You can view the details of all account class using ‘Profit Calc Update’ screen by selecting a
record, the system populates all the details. You can invoke the ‘Profit Calc Update’ screen by
typing ‘ICDPRUPD’ in the field at the top right corner of the Application tool bar and clicking the
adjoining arrow button.
The following details will be populated in the screen:
3-6
Account Class
The system displays the account class to which the deposit accounts belong. You cannot modify
it.
Madarabah Fund ID
System will display the Mudarabah fund id to which the selected account class is linked.
From Period Code
The system displays the period code from which the profit needs to be shared (Previous Months
Period code).
To Period Code
The system displays the period code until which the profit needs to be shared (Previous Months
Period code).
Financial Cycle
The system displays the previous month’s financial cycle.
Period Type
The system displays type of period for which the profit sharing needs to be done. It can be any of
the following options:

Notional

Actual
Product Type
The system displays the type of product. It could be either ‘Savings’ or ‘Deposit’.
TD Type
If the accounts belong to a Term Deposit account class, the system will display the account type
(Broken /Normal).
Account Ccy
The system displays the currency in which the investment account is maintained.
Amount Slab
The system displays the maximum limit of the Investment amount to make up the slab.
Tenor
The system displays the tenor of the deposits falling under the amount slab in terms of months.
For savings, the tenor is displayed as 1 month.
3-7
PPO
The system displays the profit pay out frequency of the Investment falling within the amount
range and tenor in terms of days, months or year. The frequency is shown in the following format:
‘nnnDnnMnnY’ where ‘n’ stands for a numerical value.
LCY Amount Before Weights
The system displays the LCY equivalent amount of the total account class contribution before
applying the applicable weightages.
Weights
The system displays the weighted average balance of the deposits in the amount range and
tenor.
LCY Amount After Weights
The system displays the depositors’ value in a particular account class in LCY after application of
weights.
Profit Amount Before Fee
The system displays the profit amount accrued to the deposits in the amount range and tenor,
before fee application.
Mudarabah Fee %
Your bank recovers some expenses by way of a Mudarib fee which will be recovered as a
percentage of the fund profit. The system defaults this value from the ‘Weights Maintenance’
screen.
Mudarabah Fee LCY
The system displays the local currency equivalent value of the Mudarabah fee charged for the
account class with currency.
Adj Mudarabah Fee LCY
Specify the Mudarabah fee in local currency.
Profit After Mudarabah Fee ADJ
The system displays the total profit for a particular account class and currency combination, after
the Mudarabah fee adjustment (if any) on saving.
Ann. Rate after Mudarabah Fee ADJ
The system computes the annualized profit rate based on the profit amount and the deposit value
and displays it here.
3-8
Adhoc ADJ Amt
You can make an adhoc adjustment which affects the annualized percentage of profit. Specify the
adjustment amount here.
Profit Amt after ADHOC ADJ
The system displays the total amount of profit distributable to the account class after doing the
adhoc adjustment.
Ann. rate after ADHOC ADJ
The system indicates the annualized percentage of profit after doing the adhoc adjustment.
Annualized Rate Before ADJ in %
The system displays the Annualized rate before the before the Mudarib fee, PEA and Adhoc
adjustment.
ADJ Annualized Rate in %
The system displays the final adjusted value of the annualized percentage after Mudarib fee, PEA
and Adhoc adjustment (Non Editable).
3-9
3.5 Profit Distribution Batch
Profit sharing for a Mudarabah fund is primarily driven by the weights ratio between depositors
and shareholders in the fund. As mentioned before, the weights for deposits are maintained in the
‘Weights Maintenance’ screen. You can capture the weight for shareholders and also compute
the profit for depositors and shareholders in the ‘Profit Distribution Batch’ screen. You can invoke
the ‘Profit Distribution Batch’ screen by typing ‘ICDPRABT’ in the field at the top right corner of
the Application tool bar and clicking the adjoining arrow button.
You can capture the following details in this screen:
3-10
3.5.1.1 Period Code
From
The system displays the previous month’s period code from which the profit needs to be shared.
To
The system displays the previous month’s period code until which the profit needs to be shared.
Bank Local Ccy
The system displays the local currency of the bank.
Financial Cycle
The system displays the previous month’s financial cycle.
Period Type
Specify the type of period for which the profit sharing needs to be done. You can choose any of
the following options available in the drop-down list:

Notional

Actual
Mudarabah Fund ID
You can specify the fund id for which the profit calculation to be done from the option list. The
option list displays all fund Ids for which the profit has to run for the period codes. However if the
profit distribution is done already then the system will not display those fund Ids.
Click the ‘Populate’ button, to view the record for the combination of the data entered in the ‘Profit
Cal Update’ screen. If there is any unauthorized record the system will not populate the record.
3.5.1.2 Total Investment
Here you can capture the following details:
PEA GL
The system displays the balance of the PEA GL for the Mudarabah fund. This amount is
computed on the basis of the liability GL (specified as PEA ) that is linked to the particular
Mudarabah fund id in the ‘Mudarabah Profit Calculation Maintenance’ screen.
IRR GL
The system displays the balance of IRR liability GL. This balance is computed based on the
‘Profit Contribution Balance Basis’ specified in the ‘Islamic Profit Calculation GL Maintenance’
screen.
3-11
Share Holders
On selecting the Mudarabah fund id, the system displays the total investment of the fund as
contributed by the shareholders, in this field. This amount is computed on the basis of all the
liability GLs that are linked to the particular Mudarabah fund id. The system arrives at this amount
based on the preference set in the ‘Profit Contribution Balance Basis’ field in the ‘Mudarabah
Profit Calculation Maintenance’ screen for the selected Mudarabah Fund ID. If the balance basis
is not maintained for that GL in the Linkage screen, the system will consider the preference set in
the ‘Mudarabah fund Share Holder Balance Type’ field ‘Bank Parameters - Preferences’ screen.
Depositors
On selecting the Mudarabah fund id, the system displays the total investment of the fund as
contributed by the depositors, in this field. The system arrives at this amount based on the
preference set in the ‘Profit Contribution Balance Basis’ field in the ‘Account Class Maintenance’
screen for the account class to which the particular Mudarabah fund id is linked.
Total
On selecting the Mudarabah fund id, the system displays the total investment of the fund in this
field.
Weights in %
Specify the weight (as a percentage of the total shareholders’ investment) that should be used to
compute the profit for shareholders. The system shows a default value of ‘100%’. However, you
can change it.
EFF WTS %
Once the shareholders’ weight is specified, the system displays the effective weight of the
shareholders as a percentage of the total shareholders’ investment.
PEA GL ADJ
You can specify the adjustment amount posted to the PEA GL contribution.
Share Holders ADJ
You can specify the adjustment amount posted to the shareholders’ contribution.
Total ADJ
The system displays the sum of the Shareholder, Depositor and PEA contribution after
adjustment.
Profit Distributable to Depositors
The system deducts the PEA from the depositors’ share of profit (minus the Mudarib fee) and
displays it here.
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3.5.1.3 Total Profit
Here you can capture the following details:
Total
The total profit for the Mudarabah fund is calculated from the income/expense type GLs linked to
the particular Mudarabah fund in the ‘Mudarabah Profit Calculation Linkage’ screen.
Profit ADJ
You can specify the total profit adjustment amount.
Profit After ADJ
The system displays the total amount less the profit adjustment.
Share Holders
The system computes the total profit for shareholders based on the effective investment ratio
calculated earlier and displays it here.
Depositors
The system computes the profit share for depositors based on the effective investment ratio.
Total Fee Amount
System display the Total Mudarabah fee amount calculated for the Depositor accounts. Mudarib
fee percentage will be taken from the weight maintenance screen maintained for account class
Depositor’s Profit After Fee
The system deducts the Mudarib fee amount from the depositors’ share of profit and displays it
here.
Total PEA ADJ Amount
System display the total PEA Adj amount made for the depositor in the ‘Profit Calc Update’
screen.
Depositor’s Profit After PEA
The system deducts the PEA amount from the depositors’ profit fit and displays the net amount
here.
Total Adhoc ADJ Amount
The system sums up the adjustment amounts made for the depositors and then displays the total
adjustment here.
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Depositor’s Profit After IRR
The system displays the depositors profit after deducting the Investment Risk Reserve (IRR)
amount.
3.5.1.4 Profit Equalization Amount
Specify the following details.
Profit Equalization Amount
If credit is selected then the Amount specified in the LCY field and Percentage mentioned in the
PEA % for dep investment will be added to the total depositor profit amount (in case of loss
amount will be debited from the PEA GL & distributed to the depositor).
If Debit is selected then the Amount specified in the LCY field and Percentage mentioned in the
PEA % for dep investment will be deducted from the total depositor profit amount (In the
months that your bank makes more-than-expected profit, you can set aside some profit as ‘Profit
Equalization Amount’. You can use this amount to distribute to the depositors in the months of
losses).
Lcy
You can also specify the PEA as a fixed amount in the bank’s local currency.
PEA % for DEP Investment
In the months that your bank makes more-than-expected profit, you can set aside some profit as
‘Profit Equalization Amount’. You can use this amount to distribute to the depositors in the months
of losses. Specify the PEA as a percentage of the depositors’ profit.
Investment Risk Reserve
Specify the following details.
Credit/Debit
Indicate whether the IRR amount should be deducted from or added to the depositor’s profit.
Select one of the following options:

Credit - Choose this to add the IRR amount to the depositor’s profit.

Debit - Choose this to deduct the IRR amount from the depositor’s profit.
Lcy
Specify the IRR amount that should be deducted from the depositor’s profit after allocation of
PEA and before deduction of the Mudarib fee. Alternatively, if you have specified the IRR% for
depositor’s investment, the system will compute the IRR amount in local currency and display it
here when you click the save icon.
3-14
IRR%
Specify the amount that should be considered for IRR deduction/addition, as a percentage of the
depositor’s profit. The IRR amount in local currency will be computed based on this figure.
Alternatively, if you have specified the IRR local currency amount, the system will keep this field
blank. After specifying the IRR local currency, even if you specify a value here, the system will
make it blank upon clicking the save icon.
Profit Apply Sequence Number
When you click the save icon, the system defaults the ‘Profit Apply Sequence Number’ in this
field.
When you click the authorise icon, the system will re-calculate the profit distributable to
Shareholders and depositors and also the system will recalculate the profit and post the final
adjustment amounts and the profit rates applicable to the individual accounts will be propagated.
Note the following:

No more changes are allowed in the ‘Profit Distribution Batch’ screen, once the batch is
submitted. With Period type as ‘Notional’ you can do what if analysis (Mudarabah Rate
will not be propagated).

Once the Batch is submitted with ‘Actual’ Period type Derived Mudarabah Rate will be
updated to the individual account with effective date as the start date of the period.
The following example will illustrate the profit-sharing process:
Account number
AC00001
Account Currency
AED
Profit calculation balance basis
Monthly Average balance
Account monthly average balance
25000
Cash reserve ratio
20%
Contribute to PDM
Y
Exclude from distribution
N
Account number
AC00002
Account Currency
AED
Profit calculation balance basis
Monthly Average balance
Account monthly average balance
25000
3-15
Cash reserve ratio
20%
Contribute to PDM
Y
Exclude from distribution
N
Account number
AC00003
Account Currency
AED
Profit calculation balance basis
Monthly Average balance
Account monthly average balance
20000
Cash reserve ratio
20%
Contribute to PDM
N
Exclude from distribution
Y
Share holder GL
GL00001
GL Currency
AED
Profit calculation balance basis
Monthly Average balance
Account monthly average balance
35000
PEA GL
PEA00001
GL Currency
AED
Profit calculation balance basis
Monthly Average balance
Account monthly average balance
15000
PEA GL Allocation
2222
Mudarib Fee %
20%
IRR %
10%
Since the ‘Contribute to PDM’ box for account ‘AC00001’ and ‘AC00002’ is checked and ‘Exclude from
distribution’ box is unchecked, the account balance will be considered as depositor’s investment and profit
will be distributed.
AC00001 Investment
= Account average balance *(1- Cash reserve ratio /100)
3-16
= 25000 * (1-(20 / 100))
= 20000
AC00002 Investment
= Account average balance *(1- Cash reserve ratio /100)
= 25000 * [1-(20 / 100)]
= 20000
In this example, the cash reserve ratio is maintained as 20% which is equivalent to 10000 AED. So the
depositor’s investment will be computed as shown below:
Depositor’s investment = Account average balance – Cash reserve amount
= 50000 – 10000
= 40000
Since the ‘Contribute to PDM’ box for account ‘AC00003’ is unchecked and ‘Exclude from distribution’ box is
checked, the account balance will not be considered as depositor’s investment and profit will not be
distributed.
Shareholders’ investment = Average balance of GL00001
= 35000
Shareholders weight
investment + PEA GL)
= (Shareholders Investment * 100)/(Shareholders investment + depositor’s
= (35000 * 100) / (35000 + 40000 + 15000)
= 38.89
Depositors weight
= [(Depositors Investment + PEA GL) * 100]/(Shareholders investment +
Depositor’s investment + PEA GL)
= [(40000 + 15000) * 100)/(35000 + 40000 + 15000]
= 61.11
Let us assume that the total profit for the current period is 20000 AED.
Based on the shareholders weight and depositor’s weight we can arrive at the shareholders
profit and depositor’s profit as shown below.
Shareholders profit
= Total profit * (Shareholders weight/100)
= 20000 * (38.89 /100)
= 7778
Depositors profit
= Total profit * (Depositors weight /100)
= 20000 * (61.11 /100)
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= 12222
Now allocate PEA from depositor’s profit.
Depositors profit after PEA = (Depositors profit – PEA GL Allocation)
= 12222 -2222
= 10000
Profit for individual depositors account should be arrived at and Mudarib fee should be deducted from
individual depositor’s account.
AC00001 Profit
= Depositors profit after PEA * (AC0001 investment/depositors investment)
= 10000 * (20000 / 40000)
= 5000
AC00002 Profit
= Depositors profit after PEA * (AC0002 investment/depositors investment)
= 10000 * (20000 / 40000)
= 5000
AC00001 profit after Mudarib fee
= AC00001 Profit * [1 – (Mudarib fee /100)]
= 5000 * [1 - (20/100)]
= 4000
AC00002 profit after Mudarib fee
= AC00002 Profit * [1 – (Mudarib fee /100)]
= 5000 * [1 - (20/100)]
= 4000
Now allocate IRR from depositor’s profit.
AC00001 Profit after IRR = AC00001 profit after Mudarib fee – IRR %
= 4000 * [1 – (10/100)]
= 3600
AC00002 Profit after IRR = AC00001 profit after Mudarib fee – IRR %
= 4000 * (1 – [10/100)]
= 3600
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3.6 Profit Calculation Exclusion Batch
You can invoke the ‘Profit Calculation Exclusion Batch’ screen by typing ‘STDREXBT’ in the field
at the top right corner of the Application tool bar and clicking the adjoining arrow button.
Specify the following details:

Period Code

Financial Year

Intraday Sequence Number
3-19
3.7 Zakat Batch Process
The Zakat processing batch needs to be run for all the savings accounts for which the ‘Zakat
Exemption’ option is unchecked in the ‘Customer Accounts Maintenance’ screen. You can run
this batch through the ‘Zakat Processing Batch’ screen. You can invoke this screen by typing
‘ICDZAKBA’ in the field at the top right corner of the Application tool bar and clicking the adjoining
arrow button.
Here you can capture the following details:
IP Product
Specify an IP product maintained for Zakat computation. The adjoining option list displays all the
IP products maintained in the system. You can select the appropriate one from there. Also, you
can select ‘All’ and execute batch for all Zakat products.
You can run this batch on the First Day of Ramadan. On execution of this batch process, the
Zakat will be automatically calculated and deducted from the accounts to which the chosen IP
product is linked. If this batch is re-run on the same date, then the accounts where Zakat has
already been liquidated will not be charged again.
If the batch is run after a day, the computation will take place on the Ramadan date.
3.7.1 Status Change Batch Processing (CSDSTBTC)
For the IA module the Status change batch will be run along with the customer/Group and apply
worst status change for the customer. This batch will use the status change events.
You can trigger the batches to run before the Common Status Change batch (CSDSTBTC).
The following given batches can be run in any order:

LCEOD
3-20

BCAUSTCH

CLBATCH

ICEOD

CIDBATCH

MODBATCH

CASABAT

IAAUTDLY

CSDSTBTC

ICEOD

CLDPROV

MODPROV

CIDPROV
If ‘Status Processing’ is at Individual Contract Level, then system will trigger status change based
on the Customer Credit rating for the customer of the Contract /Account booked. The other
contracts of the customers in the same Group will not be impacted. However if the ‘Status
Processing’ is at CIF/Group level individual module (LC,CL, CI, MO, CA, IA and BC) batches will
be updating common storage with the derived status of each contract and CIF/Group level status
will be triggered by the common status change batch. The common status change batch will call
the individual module function for status change processing.
3-21
4.
4.1
Creating Islamic Term Deposits
Introduction
Any deposit with a fixed term or tenor is referred to as a Term Deposit (TD). To handle a TD in
Oracle FLEXCUBE, you need to:

Set up a suitable account class

Set up a suitable IP product

Maintain a TD account

Define Profit Conditions and other parameters for the deposit account
Additionally, you need to maintain the following details for operating a Term Deposit (TD):
4.2

Instructions

Payin Parameters

Closing Mode
Maintaining Term Deposit Account Class
To handle term deposits in Oracle FLEXCUBE, you have to set up an account class of type
‘Deposit’, in the ‘Islamic Account Class Maintenance’ screen. You can invoke the ‘Islamic Account
Class Maintenance’ screen by typing ‘IADACCLS’ in the field at the top right corner of the
Application tool bar and clicking the adjoining arrow button.
4-1
Refer the section ‘Maintaining Islamic Account Class’ in the chapter ‘Creating Islamic Accounts’ of
this User Manual for details about setting up an account class.
Typically, for every deposit scheme you offer at your bank, you would set up a Deposit Type
Account Class.
4.2.1 Specifying Deposit Preferences
Click the ‘Deposit’ button to define the parameters for a deposit type account class. The ‘Deposit
Account Details’ screen will be displayed.
Indicate the following details:
Allowing Auto Rollover of Deposits
You can opt to automatically rollover a deposit if it is not liquidated on its maturity date. Choose
the ‘Auto Rollover’ option to automatically rollover deposits opened under the account class.
Term deposits that are open and marked for Auto Rollover will automatically be rolled over during
the Beginning of Day operations on the Maturity date. You can define the terms and conditions for
the new deposit while maintaining the deposit account in the ‘Details for Deposit Type Account’
screen.
Close on Maturity
Check this field to close the term deposit account on maturity date and transfer the amount to the
principal liquidation account. If you select this option, the principal liquidation account should be
an account other than the term deposit account.
4-2
Auto Extension
You can specify whether prepayment needs to be allowed for the deposit accounts before the
maturity date of the deposit. However, if this option is not checked, the system will not allow you
to redeem the term deposit before the maturity date.
The system also allows you to indicate whether the deposit created on this account class has to
be extended to one more tenure (principal only). If you check this, the term deposit will be closed
on maturity, after the completion of the extended tenure.
4.2.1.1 Defining Specifications for Unclaimed Deposits
On the maturity date of a deposit, you can opt to:
1. Liquidate the deposit
2. Rollover the deposit
3. Move it to an ‘unclaimed’ GL
Profit for the term deposits liquidated during the specified schedules is handled in two ways:

If a customer account has been specified, profit is moved to the account during each
liquidation event

You can opt to move the profit to an ‘Unclaimed profit GL’. When claimed, the profit can be
paid out of this GL
Similarly, on maturity, the principal can be moved to specified Principal Liquidation Account, if
specified, or to an Unclaimed Principal GL.
Note the following:

If you select the Move to Unclaimed GL option, this specification takes precedence. That is,
on maturity, the funds will be moved directly to the respective Unclaimed GLs even if
customer accounts for the principal and profit have been maintained.

The Unclaimed profit and Principal GLs are specified while maintaining an profit and Charges
(IP) Deposit Type product. The Accounting Roles for the GLs are ‘INT_UNCLAIMED’ and
‘PRN_UNCLAIMED’ respectively. When maintaining an IP-Deposit type product, you have to
map these Accounting Roles to the appropriate GLs maintained at your bank.
4.2.1.2 Specifying Default Tenor
You can define a tenor for the deposits that are opened under an account class. Deposits opened
under the account class will automatically acquir
Under tenor details, you can specify the reference date also. The system uses this date while
calculating the maturity date of the deposit. If you specify the reference date, the system will
calculate the maturity date by adding the tenor value to the reference date.
e this tenor. However, you can change the tenor to suit the requirements of a specific deposit.
4-3
4.2.1.3 Defining Redemption Details
Indicate the following preferences.
Profit Sharing
You can opt to consider all Mudarabah deposit accounts under this account class for Mudarabah
profit-sharing purpose. If you wish to achieve this, check the option ‘Consider for Profit Sharing’.
Once this option is checked, the profit sharing for Mudarabah deposit is done.
Redemption
A deposit can be redeemed in two ways at maturity:

Principal component alone

Principal and profit components
You can choose the appropriate option from the following values displayed in the drop-down list:

Principal

Principal+Profit
For all Mudarabah deposits that are considered for profit-sharing, the system allows only principal
redemption on the maturity date. The deposits remain in the ‘Active’ status till the next profit
distribution date. The profit is liquidated into the deposit only the next date of profit distribution.
Pre-Redemption
In case of Mudarabah deposits that are redeemed before maturity, you can indicate the
components that should be paid at the time of redemption. You can choose from the following
values displayed in the drop-down list:

Principal

Principal+Profit
For such Mudarabah deposits, on the date of redemption the system re-computes the profit for
the period for which the profit has already been paid, using broken period rate. It then deducts the
computed amount from the Mudarabah deposits principal amount. The system then credits the
reduced principal amount to the payout account.
The deposit remains in the ‘Active’ status till the next profit distribution date from the date of
redemption.
In the case of premature redemption, the profit gets liquidated only after the profit calculation and
distribution has happened for that financial cycle. This is done by checking ‘Defer Liquidation’
option in the ‘Islamic Profit Distribution Product’ screen. The profit will finally get liquidated into
the Payout account maintained.
4-4
4.2.2 Specifying the Auto Deposits
You can create an auto deposit in case the balance in the source account exceeds a certain
threshold. The auto creation of deposits is carried out as an end of day process. Click ‘Auto
Deposits’ button in the ‘Islamic Account Class Maintenance’ screen and invoke the following
screen.
For creating an auto deposit, you have to maintain the following parameters:
Account Class
For creating an auto deposit, you have to specify an account class of the deposit. The tenor and
profit conditions maintained for the selected account class will be defaulted.
You cannot create an auto deposit if the Account class you have chosen has expired, that is,
surpassed the end date maintained for the account class. The system will log an exception in
such a case.
Transaction Code
You have to specify the transaction code for the auto creation of the deposit.
Currency
Mention the currency in which the deposit is created.
Minimum Required Balance
The minimum balance indicates that only the amounts above this limit will be used for auto
creating deposits. You have to specify the minimum amount that the customer can retain in the
account.
4-5
Deposit Multiple Of
For an account you can indicate the amount, which will be the basis for the deposit amount
wherein the deposit amount will be in the multiples of the amount you specify here.
Def Rate Code
Select the code of the differential rate from the adjoining option list
Def Rate Type
Select the type of differential rate code; whether ‘Mid’ or ‘Buy’ or ‘Sell’.
Break Deposits First
Check the box to indicate whether you want the funds to be moved by breaking deposits before
breaking the deposit accounts. If you leave the box unchecked, the funds will be moved first from
the linked CASA accounts.
Sweep Mode
You can indicate the pattern in which sweep outs are created by selecting any on of the two
options:

Auto – Here the amounts are automatically swept out at the end of day when minimum
balance exceeds.

Manual – You have to manually initiate the sweep. The sweep will execute only those
instructions that are specified while account opening/ad hoc.
Break Method
You can choose to maintain the any of the following order of breaking deposits:

LIFO (Last In First Out)– Indicates that the last created deposit will be broken first

FIFO (First In First Out) – Indicates that the Earliest Deposit will be broken first

MAXB (Maximum Balance) – Indicates that the Deposits are broken in descending order
of available balance

MINB (Minimum balance) – indicates that the order of breaking of Sweep / Auto deposit
will be done for the Account / Deposit with the Minimum Balance
Provide Profit on Broken Deposits
You have to specify whether you want provide profit on deposits that were broken prematurely.
Check the box to indicate that you want to give profit for the deposits. Leave it unchecked to
indicate otherwise.
4-6
4.3
Setting Up Profit Preferences for TD
You need to set up a Profit/Charge product to handle the calculation of profit and charges on a
TD. You can set up a product using the ‘Islamic Profit Distribution Product Maintenance’ screen,
invoked from the Application Browser. You can invoke the ‘Islamic Profit Distribution Product
Maintenance’ screen by typing ‘IADPRMNT’ in the field at the top right corner of the Application
tool bar and clicking the adjoining arrow button.
4-7
4.3.1 Linking TD Account Class to Profit Product
You can link the TD Account Class to the Profit product in the ‘Profit Preferences’ screen. Click
‘Preferences’ button on the ‘Islamic Profit Distribution Product Maintenance’ screen and invoke
the following screen.
Here you can specify preferences for profit calculation and application on the accounts to which
this product is applied.
Account Details
You can indicate the TD accounts on which this product should be applied.
Account Class
Specify the account class of ‘Deposit’ type that you have maintained for creating TDs. The
adjoining option list displays all valid account classes maintained in the system. You can select
the appropriate one.
4-8
All TDs created under this account class will inherit the profit parameters maintained in this
screen.
Refer the chapter ‘Creating an Islamic Profit Distribution Product’ in this User Manual for details
about setting up the product.
4.4
Creating Islamic TD
You can create a term deposit account using the ‘Islamic TD Accounts Maintenance’ screen. To
invoke this screen type ‘IADCUSTD’ in the field at the top right corner of the Application tool bar
and click the adjoining arrow button.
Specify the following details.
Branch Code
The system displays the branch code of the sign on branch.
Term Deposit Account Number
The system creates a unique reference number to identify the TD account number and displays it
here, on saving the record.
4-9
Term Deposit Currency
Specify the currency of the TD. A list of all the currencies maintained in the system is displayed in
the available option list. You can select the appropriate one.
SD User Reference
The system displays the SD user reference for the TD accounts.
Customer No
If you have included the CIF Number of the customer as part of the Account Mask, the system
automatically defaults the CIF code of the customer in the respective field. You will not be allowed
to modify this code.
However, while defining the Account Mask in the Account Parameters section of the Bank-wide
Parameters screen, if you have specified that the CIF Number should not be a part of the account
mask you will have to specify the customer code manually. A list of all the valid customer codes is
displayed in the available option list. You can select the appropriate.
Customer Name
On entering the Customer No, the customer name is automatically displayed.
Account Class
In Oracle FLEXCUBE, you can classify the customer accounts of your bank into different groups.
Each group is referred to as an account class and is maintained in the Account Class
Maintenance screen. For each class, you have to define certain common attributes applicable to
all accounts in the particular class.
While maintaining a specific account you have to identify the class to which the particular account
belongs. You can select the appropriate account class from the list of all the valid account classes
maintained in the system. Account classes that have surpassed their end date (expired) will not
be displayed in the option list.
Details maintained in this screen are classified into four tabs:
Main
Here you maintain the main attributes of the TD like the
account number, customer code, the account class, account
currency, type of account - single or joint, account status
etc.
Nominee
Here you can capture nominee details for the TD.
Deposit
Here you specify deposit-specific details.
Dual
Currency
Deposit
In this tab, you can maintain details of a dual currency
deposit.
4-10
4.4.1 Main Tab
By default, the ‘Main’ tab is displayed when you invoke this screen. The fields in the Main section
are as follows:
Description
This is the description of the account. Here you can enter the nature of the account like current,
savings, overdraft, and so on. If a customer has two or more accounts under one account class
you can specify the purpose of that account.
Account type
You have to indicate whether the account is to be opened only by the account holder or whether it
can be jointly operated.
Fund Id
Select the fund id of the fund to be considered for report generation from the adjoining option list.
The system defaults the value of Default Mudarabah Fund as fund id.
Country Code
To define the country limits for each individual country you have to select the country code from
the option list available.
Mode of Operation
Select the mode of operation from the drop-down list.
Account Open Date
You have to capture the date on which the account was opened.
Alternate Account Number
You have to define an alternate account number for the account you are defining. The alternate
account number that you specify should be unique for each customer. You can capture the old
account numbers used by your bank before installing the Oracle FLEXCUBE system. The old
account numbers would be mapped with the new account numbers. This would facilitate quick
tracking of the account and generating queries.
In the Data Entry Module, you can input a transaction using the alternate account number instead
of the actual account number.
Clearing Bank Code
The clearing bank code for the customer account is generated automatically if you have opted for
auto generation in the Branch parameters
4-11
Clearing Account Number
The clearing account number for the customer account is generated automatically if you have
opted for auto generation in the Branch parameters. The account number is created according to
the account mask you have maintained for the branch. This will be mandatory, and has to comply
with length of 9 characters and MOD 11 validation, if the value of the UDF ‘Clearing A/C
Mandatory’ is maintained as YES in the Field Name to Value Definition screen.
However, you can choose to change this number here and the system validates this number with
the account mask you have maintained for the branch
IBAN Account Number
To capture the detail of the IBAN account for a specific customer, you have to enable the ‘IBAN
Required’ option by enabling it. Subsequently, click the ‘M’ button. The IBAN details sub-screen
will be displayed.
In this screen, you can capture the IBAN Account Number as well as the bank code of the bank
where the IBAN account resides.
Address
Specify the address of the customer.
Location
An address for a customer account is based on the ‘Location’ and ‘Media’ combination. Location
codes maintained through the ‘Account Address Location Type Maintenance’ screen are made
available against this field. The address maintained here is always the primary or the default
address. Each customer can have several addresses for a particular media. To distinguish
between one address of a customer from another for a given media, it is essential for you to
specify a unique location for each address. Also, if you are amending an address here, the same
gets updated in the ‘Customer Account Address - Detailed’ table after the validations are through.
Media
Select the media to communicate account related details to the customer, such as account
maintenance related charges, fees, profit etc. from the option list. You can choose either of the
following:

Mail

Telex

SWIFT

Fax
Linked Deposit Branch
Specify the linked deposit branch.
Linked Deposit Account
Specify the linked deposit account.
4-12
Zakat Exemption
When an account is opened in a branch, you need to clarify with the customer whether he or she
will pay Zakat or will seek exemption. Check this box to indicate that the customer seeks
exemption from Zakat charge.
Escrow Transfer Details
You can specify the following details.
Escrow Transfer Applicable
This box is checked by default when an account is created. Uncheck this box if Escrow transfer is
not applicable.
Branch Code
Select the branch code in which the Escrow account has to be created from the adjoining optionlist
Escrow Account
Select a valid account to be used as an Escrow account from the adjoining option-list. The list
displays all valid accounts based on the selected Escrow branch and the currency of the project
account.
Escrow Percentage
Specify the percentage of the credited amount, which has to be transferred to the Escrow
account.
Options
Indicate the following preferences.
Track Receivable
During liquidation of finance contracts as well as processing of retail teller contracts, if the system
detects insufficient funds in the settlement account, then you can choose to block the subsequent
credit that happens to the settlement account. In other words, the system will track the account
for receivables (credits). As and when a credit happens, the funds will be allocated to the finance
or retail teller contract, for liquidation. If the track receivable option is checked for the account, the
system will track the receivables for the account if sufficient funds are not available in the
account.
The allocation of funds will happen in a sequence that you specify at the account class level.
This is explained in the section titled ‘Maintaining Account Classes’.
Replicate Customer Signature
The signature of the customer gets defaulted from the account class level to account level. This
value is defaulted only if the customer type is individual with single mode of operation.
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Intermediate
Intermediary Required
Check this box to link Intermediaries with Term Deposit.
Intermediary Code
Specify the intermediary code from the adjoining option list.
Intermediary Description
The system gives a brief description about intermediary code.
Intermediary Ratio
Specify the ratio of individual intermediary contribution against the Term Deposit account.
4.4.2 Nominee Tab
Click ‘Nominee’ tab in the ‘Islamic TD Accounts Maintenance’ screen. The following tab will be
displayed.
Specify the following details:
Name
Specify the name of the nominee.
Date of Birth
Specify the date of birth of the nominee.
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Relationship
Specify the relationship of the nominee with the customer.
Address 1 to 4
Specify the address of domicile of the nominee. Four lines have been provided for this. Each line
can have a maximum of 105 alphanumeric characters.
Minor
Check this box if the nominee is a minor.
Guardian Name
If the nominee is a minor, specify the name of the guardian.
Relationship
Specify the relationship of the guardian with the minor.
Address 1 to 4
Specify the address of domicile of the guardian. Four lines have been provided for this. Each line
can have a maximum of 105 alphanumeric characters.
4.4.3 Deposit Tab
Click ‘Deposit’ tab on the ‘Islamic TD Accounts Maintenance’ screen. The following tab will be
displayed.
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Specify the following details:
Profit Start Date
Specify the date from which the profit accruals of TD account begins.
Maturity Date
The system defaults the maturity date from the default tenor from the account class. However,
you can modify this date. On this date the term deposit account gets
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Auto Rollover
Check this field to automatically rollover the deposit you are maintaining. You have to indicate
‘Rollover Type’ on selecting this option
Close on Maturity
Check this field to close the term deposit account on maturity date and transfer the amount to the
principal liquidation account. If you select this option, the principal liquidation account should be
an account other than the term deposit account.
Move Profit to Unclaimed
Check this field to move the profit amount to the unclaimed GL mapped at the IP product in the
accounting roles on maturity date of the term deposit account. If you select this option, the
principal liquidation account should be the term deposit account.
Move Principal to Unclaimed
Check this field to move the principal amount to the unclaimed GL mapped at the IP product in
the accounting roles and liquidate the profit amount to the profit booking account on maturity date
of the term deposit account. is moved and is liquidated. If you select this option, the principal
liquidation account should be the term deposit account
Term Deposit Amount
Specify the amount, which is paid for the time deposit account in the account currency.
If you have specified the percentage in the Pay-In options, on clicking the ‘Compute’ button, the
system computes the amount. And while saving, the system validates the sum of Pay-In Amounts
against the ‘TD Amount’ keyed in.
The system will validate for the following:

The deposit amount should be equal or greater than minimum booking amount
maintained at the ‘Deposits Cluster Maintenance’ screen, else the system will display the
following error message:
The deposit amount is less than the minimum booking amount

The deposit amount should be a multiple of the booking unit maintained at the ‘Deposits
Cluster Maintenance’ screen, else the system will display the following error message:
The deposit amount must be in multiples of booking unit
Computed Amount
Specify the computed amount.
Next Maturity Date
On selecting the rollover for the TD account, the system defaults the next maturity date from the
previous tenor of the deposit.
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Deposit Tenor
The system calculates the tenor of the deposit account to the difference between profit start date
and Maturity date and displays it. In case of change in maturity date, the system changes the
value of this field.
Rollover Type

Principal

Principal + Profit

Special Amount

Profit
Rollover Amount
If a special amount is to be rolled over, you have to specify the amount (less than the original
deposit amount) in this field.
Stock Catalog Code
The system displays the Stock Catalog Code of the TD certificate number.
Certificate Number
The system displays the TD certificate number in Deposit Tab.
Duplicate
This box remains checked if the certificate number issued is duplicate for this account.
Payin Details
You can view the following details of the deposit:
Term Deposit Pay-in Option
Indicate the method for initial funding during account creation. Choose one of the following
options:

Pay In By Account

Pay In By GL
Percentage
Indicates the percentage of the amount to be deposited
Amount
Specify the amount being deposited to open a customer account.
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Offset Branch
The system populates the branch code of the account from which fund is transferred to TD
account.
Offset Account
Specify the account number/ GL from which the fund is transferred to TD account. This field
returns the branch code if the account is selected and NULL is returned if GL is selected. If it is
Pay-In mode in GL then the system displays only GL’s and if the Pay-In mode is Account then
only accounts are displayed in the option list.
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Recurring Deposit
Specify the following details:
Auto Payment Take Down
Check this field to allow the recurring deposit account to debit the payment account for the
payment amount as per the installment frequency.
Move Maturities to Unclaimed
Check this field to move all the funds, on the maturity date, to the unclaimed GL mapped to the
accounting role in the IP product.
Payment Branch
Specify the details for the branch to which the payment account belongs.
Payment Accounts
Specify the Payment Account; this can be either savings account or the current account from
which the installment for the Recurring Deposit is collected as per the installment frequency
Installment Amount
Specify the installment amount that has to be collected from the payment account as per the
installment frequency. This installment amount should be greater than the minimum amount
mentioned at the account class.
Recurring Deposit Account
Check this field to indicate recurring deposit account.
Payment Date
Specify the date on which the payment needs to be done for recurring deposit account.
Payment Currency
Specify currency of the payment amount.
Note the following:

The system enables the offset account and branch detail fields only if the option to pay is
selected as the savings account.

The Unclaimed Profit and Principal GLs are specified while maintaining an Profit and
Charges (IP) Deposit Type product. The Accounting Roles for the GLs are
‘INT_UNCLAIMED’ and ‘PRN_UNCLAIMED’ respectively. When maintaining an IPDeposit type product, you have to map these Accounting Roles to the appropriate GLs
maintained at your bank.
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
The system allows you to select ‘Close on Maturity’ box, only when you specify the
recurring deposit details. You have to maintain deposit transaction code as ‘DPN’
redemption transaction code as ‘RED’ and prepayment transaction code as ‘TRF’ for the
recurring payments in the Branch Parameters for the Profit and Charges.

All recurring deposit payments are part of IP batch beginning of day activity.
Installment Frequency
Specify the following details:
Move funds on Overdraft
Check this option to indicate whether the Recurring Deposit account funds should move to an
unclaimed account if it is overdue
Days
Here, you have to specify the number of days to be considered in a month for component
computation. The options available are:
Actual: This implies that the actual number of days is considered for calculation. For instance, 31
days in January, 28 days in February (for a non-leap year), 29 days in February (for a leap year)
and so on.
30 (EURO): In this case, 30 days is considered for all months including February, irrespective of
leap or non-leap year.
30 (US): This means that only 30 days is to be considered for profit calculation for all months
except February where the actual number of days is considered i.e. 28 or 29 depending on leap
or non-leap year.
The value selected here corresponds to the Numerator part of the profit method.
Months
Specify the installment frequency in terms of months.
Years
Specify the number of years that would constitute an year for calculation purpose.
4.4.4 Dual Currency Deposit Tab
Click ‘Dual Currency Deposit’ tab on the ‘Islamic TD Accounts Maintenance’ screen. The
following tab will be displayed
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Specify the following details:
Dual Currency Deposit
You can capture the following details for the deposit.
Linked Currency
This option is defaulted from the account class. However you can modify this value.
Currency Option Product
Specify the currency option product from the option list under which the Options Contract has to
be created in case of Dual Currency Deposit. The option list displays all the Option Products with
Product Type ‘CO.
You need to mandatorily specify this product if the ‘Linked Currency’ is entered. You will be
allowed to capture this value here only if the option ‘Dual CCY Deposit’ is checked at the ‘Account
Class Maintenance’ screen. You will be allowed to modify this value even after authorization.
On saving the account, system validates the following to ensure that the currency option product
selected here has the below features:

Contract type is Trade

Option Type is Call

Deal Type is Buy

Option Style is Plain Vanilla

Barrier is not allowed
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
Delivery type is Physical

Expiration Style is American
Option Contract Ref No.
Specify the option contract reference number.
Exchange Rate
Specify the exchange rate of the currency.
Linked Currency Settlement A/c
Specify the settlement account of the linked CCY. Alternatively, you can also select the
settlement account from the adjoining option list. This settlement account is used if the settlement
has to take place in the Linked CCY, at maturity.
Linked Currency GL
Specify the GL used for posting the settlement entries in the linked currency. The adjoining option
list displays all valid GLs maintained in the system. You can select the appropriate one.
Fixing Days
Specify the number of days from TD maturity date before which the exchange rate has to be
fixed. This will be defaulted from the ‘Account Class Maintenance’ screen. However you change
it. Note that fixing days cannot be lesser than zero or greater than the tenor of the TD.
Yield Enhancement
Specify the additional percentage of yield that the customer receives for agreeing on a currency
Option.
Inception Fair Value
Specify the market value of the option contract at inception. This option is defaulted from the
linked Options contract.
4.4.5 Check List Tab
Click ‘Check List’ tab on the ‘Islamic TD Accounts Maintenance’ screen. The following screen will
be displayed.
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Specify the following details:
Document Type
Specify the document type. The adjoining option list displays all the document types that are
maintained in the system. You can select the appropriate one.
Mandatory
Check this box to indicate that the document specified here is mandatory.
Expiry Date
Specify the expiry date of the document provided by the customer.
Note the following:
Note the following:

Expiry date will always be greater than ‘Expected Date of Submission’ and ‘Actual
Submission Date’.

Expected Date of Submission will always be greater than current date.
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Expected Date of Submission
System displays the expected date on which the customer is accepted to submit the required
documents.
Actual Submission Date
Specify the actual date on which customer has submitted the required documents.
Document Reference
System defaults the document reference here.
Checked
Check this box to indicate that the received documents are acknowledged.
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You cannot save and authorize an account if the mandatory
documents are not confirmed as ‘Checked’.
Upload
Click on this button to upload the selected document type.
Delete
Click on this button to delete the selected document.
View
Click on this button to view the selected document.
Notification Details
System defaults notification details from the ‘Account Class Maintenance’ screen.
Send Notification
This check box indicates whether to send notifications or reminders for not submitting the
mandatory documents.
Frequency (Notification)
System defaults the frequency of notification to be sent. The frequency can be one of the
following:

Daily

Weekly

Monthly

Quarterly
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
Half yearly

Yearly
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
Note the following:
Notification will be sent only if,

The check box ‘Send Notification’ is checked in Account Class Maintenance’ screen.

The account status is active and authorized.

The mandatory documents are not submitted.

Notifications will be sent based on the frequency specified.

First notification will be sent on the expected date of submission or expiry date

If notification date falls on a holiday then system will send the notification on next working
day.
Days (Reminder)
System defaults the number of days left for the expiry or submission due date of the documents
for sending the reminder.
System will send the following reminders:

Reminder prior to the submission due date of the document.

Reminder prior to the expiry date of the document.

Overdue notifications after the due date if the document is not submitted based on the
frequency.

Notifications after the expiry date if the document is not submitted after the expiry date.
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
Note the following:
Reminder will be sent only if,

The mandatory documents are not submitted.

The account status is active and authorized.

Reminder will be sent only once.

If reminder date falls on a holiday then system will send the notification on next working
day.

Reminder will be sent prior the number of days specified at the account level from
expected date of submission or the expiry date.

If there are more than one notifications or reminders of the same message type for which
the notification schedule date falls on the same day for the same account, a single
notification will be sent which will have the details of all the related documents.
Remarks 1 to 10
Specify the additional information, if required.
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4.4.6 Capturing Additional Details
You can capture additional details for the TD by clicking the following buttons in the ‘Islamic TD
Accounts Maintenance’ screen:
Button
Function
Profit
This invokes the ‘IP Special Conditions Maintenance’ screen.
Charges
This invokes the ‘Account level charges conditions’ screen.
Linked Entities
This invokes the ‘Linked Entities’ screen.
Restrictions
This invokes the ‘Products and Transaction Codes Restriction’
screen.
MIS
This invokes the ‘Management Information System’ screen.
Statement
This invokes the ‘Statement Details’ screen.
Joint Holders
This invokes the ‘Linked Entities’ screen
Fields
This invokes the ‘User Defined Fields’ screen.
Account
Signatory
This invokes the ‘Signatory Details’ screen.
TD Payout
Details
This invokes the ‘Term Deposit Payout Details’ screen.
Rollover
History
This invokes the ‘Rollover History’ screen.
Change Log
This invokes the ‘View’ screen.
In Rollover History, for Rollover Type, P = PRINCIPAL, I = PRINCIPAL + PROFIT, T =
PROFIT and S = SPECIAL AMOUNT.
For further information on Additional details, refer ‘TD Additional Details’ chapter of ‘Term
Deposits’ User Manual.
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4.4.7 Specifying IP Special Condition Details
To define profit and other parameters for a TD, click the IP Special Condition’ button in the
‘Islamic TD Accounts Maintenance’ screen. The ‘IP Special Conditions Maintenance’ screen is
displayed.
In this screen, you can specify the following TD related preferences:
Profit Booking Account
Specify the account into which profit on the TD should be booked for the customer.
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Refer the section ‘Specifying Profit Details’ in the chapter ‘Creating Islamic Account’ in this User
Manual for further details.
Refer the chapter ‘Creating Islamic Account’ in this User Manual for further details about the
aforesaid buttons..
4.4.8 Specifying TD Payout Details
To define payout parameters for a TD account, click the ‘Term Deposit Payout Details’ button in
the ‘Islamic TD Accounts Maintenance’ screen. The ‘Term Deposit Payout Details’ screen is
displayed.
For further details related TD Payout Details, refer ‘TD Additional Details’ chapter of ‘Term
Deposits’ User Manual.
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4.4.8.1 Capturing Payout Profit Details for Child TD
If you have opted for creation of a child TD on maturity of the parent TD, you need to specify
Profit details of the child TD. Click ‘Profit’ button on the ‘Term Deposit Payout Details’ screen and
invoke the ‘Term Deposit Profit’ screen. In this screen, the system defaults all the parameters
maintained for the parent TD. However, you can modify them.
This
screen comprises two tabs viz:

Profit

Deposit
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4.4.8.2 Profit Tab (Profit Preferences for Child TD)
You need to capture the following details here:
Profit Booking Account
Specify the accounts for booking profits on transactions processed at your bank, from the
adjoining option list.
Profit Start Date
The system displays the Maturity date of the parent TD as the profit start date for the child TD.
However, you can modify it. Profit for this account will be calculated according to the special
conditions that you define subsequently.
Booking Account Branch
The current branch of the customer’s account will be defaulted here. However, you can modify
profit to a different account belonging to another branch also by specifying Profit Booking Branch
from the adjoining option-list. The accounts maintained in the selected Booking Branch will be
available in the option-list provided for Booking Account Branch.
Profit Statement
Check this box if you would like to generate a profit statement for the account. The Profit
Statement will furnish the values of the SDEs and UDEs and the profit rule that applies on the
account.
Cr Advices
Check this box to indicate that the system must generate payment advices when profit liquidation
happens on an account. The advices are generated in the existing SWIFT or/and MAIL format.
No advices will be generated if you leave this box unchecked.
The preference you have maintained in the Customer Account Class screen will be defaulted
here. However, you can choose to change your preference to generate or suppress these
Advices.
For further details related preferences for child TD, refer ‘TD Additional Details’ chapter of ‘Term
Deposits’ User Manual.
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4.5
Viewing Islamic TD Account Details
You can view the Islamic TD accounts details maintained in the ‘Islamic TD Accounts
Maintenance’ screen using the ‘Islamic TD Accounts Summary’ screen. You can invoke this
screen by typing ‘IASCUSTD’ in the field at the top right corner of the Application tool bar and
clicking on the adjoining arrow button.
In the above screen, you can base your queries on any or all of the following parameters and
fetch records:

Authorization Status

Branch Code

Record Status

Account

Customer Number

Term Deposit Currency

Stock Catalog Code

Certificate Number
Select any or all of the above parameters for a query and click ‘Search’ button. The records
meeting the selected criteria are displayed.
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You can query or modify the account details of the customers whose accounts are permitted
to you for the query/modification in the ‘Group Code Restriction’ screen.
If you are allowed to query customer information, system displays the following details pertaining
to the fetched records:
4.6

Authorization Status

Record Status

Branch Code

Account

Description

Customer Number

Currency

Account Class

No Debits

No Credits

Stop Payments

Dormant

Account Open Date

Alternate Account Number

Cheque Book

Passbook

Account Number

Account Type

Frozen
Redeeming TD
The redemption option enables you to redeem a term deposit. Using this option, you can do a
premature redemption, either in full or in part and also complete redemption on maturity of the
deposit. This screen also allows you to renew the TD. However, renewal of the TD is enabled
only if you have specified ‘Grace period for Renewal’ option for the account.
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You can do this, by accessing the TD Redemption screen. You can invoke the ‘Term Deposits
Redemption Input’ screen by typing ‘IADREDMN’ in the field at the top right corner of the
Application tool bar and clicking the adjoining arrow button.
You have to specify the following fields for redeeming the TD.
Reference Number
The system displays the reference number here.
This field will be enabled only for the query mode.
Branch
Specify the branch where the TD resides. The adjoining option list displays all valid branch codes
maintained in the system. You can select the appropriate one.
Customer Identification
The customer identification (CIF) of the customer for whom TD needs to be renewed or
redeemed is displayed based on the TD account number.
Term Deposit Account Number
Specify the TD Account Number. You can also choose the appropriate one from the option list.
The option list displays the deposit type of accounts maintained in the system.
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The option list does not display auto deposit type of accounts.
Account Currency
The TD currency is displayed here based on the TD account number.
Account Description
A description of the TD is displayed here based on the TD account number.
Account Balance
The account balance is displayed here based on the TD account number.
Renewal/Redemption
Choose ‘Renewal’ option to renew the accounts that are within the grace period days. Choose
‘Redemption’ to redeem the term deposit.
Note the following:

When a term deposit is moved to unclaimed on maturity date, you have to manually
renew or roll over the same term deposit. Once you choose the option, ‘Renewal’ the
‘Term Deposit Account Number’ field displays those accounts whose balances are
moved to unclaimed GL.

The accounting entries for redemption/renewal are passed only on authorization.
Redemption
Indicate the following details if you have chosen ‘Redemption’.
Redemption Mode
Select the mode of redemption from the following options.

Full Redemption - In this case, you can redeem the complete deposit balance of the
account. On save, the redemption amount will be equal to the account balance. Full
redemption will update the status of the deposit amount as closed. On complete
redemption profit along with principal is redeemed. The redemption amount is equal to
the total of principle and profit amounts subtracted by penalty and tax amounts.

Partial Redemption - In this case you have to specify the redemption amount. Ensure that
that the redemption amount is less than the account balance. On partial redemption only
the principal amount is withdrawn where as the profit amount is liquidated only on
liquidation cycle.
Redemption Amount
Specify the redemption amount for the partial redemption. Ensure that that the redemption
amount is less than the account balance. On partial redemption only the principal amount is
withdrawn where as the profit amount is liquidated only on liquidation cycle.
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The system will validate for the following:

During partial redemption the withdrawal amount should be a multiple of withdrawal unit
maintained at the ‘Deposits Cluster Maintenance’ level, else the system will display the
following error message:
Withdrawal amount must be multiples of withdrawal unit

Withdrawal amount should be greater than minimum booking amount maintained at the
‘Deposits Cluster Maintenance’ level, else the system will display the following error
message:
Withdrawal exceeds minimum balance level
Waive Compensation
Check this field to waive any compensation related to the deposit redemption.
Waive Profit
Check this box to waive of a particular profit that has been specified.
Tenor
Specify the following details for TD tenor in case you are renewing the TD.
Days
Specify the renewal tenor in terms of days.
Months
Specify the renewal tenor in terms of months.
Years
Specify the renewal tenor in terms of years.
Redemption By
Select the means of redemption from the following options:

Savings

General Ledger

Bank Check
4.6.1 Bank - Cheque Tab
By default, this tab is displayed when the screen is invoked. You can capture the following details:
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Cheque Details
Specify the following cheque details.
Bank Code
Specify the bank code of the Bankers cheque.
Cheque Date
Specify the cheque date for the redemption.
Cheque Currency
Specify the currency in which the cheque is drawn. The adjoining option list displays all valid
currency codes maintained in the system. You can select the appropriate one.
Cheque Amount
The amount being liquidated for the TD is displayed in the cheque currency.
Exchange Rate
In case the TD currency is different from the cheque currency; the exchange rate used to convert
TD currency into cheque currency is displayed here, based on the rate maintained for the
currency pair.
Beneficiary Details
Indicate the following details.
Beneficiary Name
Specify the name of the beneficiary for the redemption.
Passport/IP
Specify passport details for the beneficiary.
Narrative
Give a brief description for the redemption.
Address Line 1 to 3
Specify the address of the beneficiary for the redemption.
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4.6.2 Savings Tab
If means of redemption is ‘Savings’, then click ‘Savings’ tab.
You can capture the following details:
Savings Account Number
Specify the account number into which the TD has to be liquidated. The adjoining option list
displays all valid savings accounts maintained in the system. You can choose the appropriate
one.
Savings Account Currency
Based on the account number specified, the account currency is displayed here.
Exchange Rate
In case the TD currency is different from the account currency, the exchange rate used to convert
TD currency into account currency is displayed here, based on the rate maintained for the
currency pair.
Savings Amount
The amount being liquidated for the TD is displayed in the account currency.
Narrative
Give a brief description for the transaction, if required.
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4.6.3 General Ledger Tab
If you have indicated the means of redemption as ‘General Ledger’, then click the ‘General
Ledger’ tab on the ‘Term Deposits Redemption Input’ screen.
Specify the following details:
General Ledger Number
Specify the GL into which the TD has to be liquidated. The adjoining option list displays all valid
GLs maintained in the system. You can choose the appropriate one.
Exchange Rate
In case the TD currency is different from the transaction currency, the exchange rate used to
convert TD currency into transaction currency is displayed here, based on the rate maintained for
the currency pair.
Transaction Amount
The amount being liquidated for the TD is displayed in the transaction currency.
Transaction Currency
Specify the currency in which the TD should be liquidated. The adjoining option list displays all
valid currency codes maintained in the system. You can select the appropriate one.
Narrative
Give a brief description for the transaction, if required.
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4.6.4 Authorizing Transaction
For the transaction to be authorized, click ‘Authorize’ button. The following screen will be
displayed:
The accounting entries for redemption/renewal are passed only on authorization.
4.7
Viewing TD Redemption Details
You can view the details of TDs redemption using the ‘Term Deposit Redemption Summary’
screen. To invoke this screen, type ‘IASREDMN’ in the field at the top right corner of the
Application tool bar and click the adjoining arrow button.
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You can query on records based on any one or all of the following criteria:

Authorization Status

Record Status

Reference Number

Account Number

Branch Code

Customer Id

Action Flag

Redemption By

Redemption Mode

Redemption Amount
Click ‘Search’ button. The system identifies all records satisfying the specified criteria and
displays the following details for each one of them:

Authorization Status

Record Status

Reference Number

Branch Code

Account Number

Customer Id

Action Flag
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
4.8
Redemption By
Redeeming TD Partially
On partial redemption of a TD, the system credits the redemption amount to the customer payout
account and debits it from the TD account. It recalculates the tenor for the redemption amount i.e.
completed tenor from the TD value date till the partial redemption date in months. This indicates
the reduced tenor.
It also recalculates the profit for the previous periods including the current period (till partial
redemption date) by considering the redemption amount as the TD amount for the reduced tenor.
It applies the broken weight during profit recalculation and arrives at a certain amount - say
Amount1.
It recalculates the profit for the remaining amount from TD start date till the last liquidation period
by considering the remaining amount as TD balance for the original tenor of TD and arrives at
another amount – say Amount2.
In case of TD pay-outs, the system captures the profit amount paid to the customer till date – say
Amount3.
If the profit for the previous periods has been already paid to the customer, then the customer will
be debited with the difference amount between already liquidated amount till the last liquidation
date and the newly recalculated profit (for redemption amount and remaining amount). This
means, the customer will be debited with [Amount3 – (Amount1 + Amount2)].
The balance amount after partial redemption will be considered as the new TD with the original
TD tenor by the system.
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5. Annexure A - IP Rule Set-up
5.1
Introduction
This Annexure lists the Profit and Charge (IP) rules that need to be maintained for the Islamic TD
module of Oracle FLEXCUBE specifically for partial redemption of TD.
5.2
IP Rule Maintenance
The components required to calculate profit (the principal, period, and rate) are broadly referred
to as ‘Data Elements’. Data elements are of two types:

System Data Elements (SDEs)

User Data Elements (UDEs)
In addition to specifying how the SDEs and UDEs are connected through the formulae, you also
define certain other attributes for a rule using the ‘Profit and Charges Rule Maintenance’ screen.
You can invoke this screen by typing ‘IPDRLMNT’ in the field at the top right corner of the
Application tool bar and clicking the adjoining arrow button.
You need to specify the following details:
5-1
On Account Opening Month
Check this box.
On Account Closure Month
Check this box.
SDE
Maintain the following SDEs:

DAYS

YEAR

DEPOSIT_AMOUNT
The SDE ‘DEPOSIT_AMOUNT’ holds the value of the TD account minus the redemption amount.
UDE
Maintain the following UDE:

MUDARABAH_RATE
Type
Select the option ‘Rate’ from the adjoining drop-down list.
Get Latest
Select the option ‘Use Effective’ from the adjoining drop-down list.
Click ‘Formulas’ button and invoke the ‘Formulas’ screen.
5-2
You need to maintain one booked formulae.
Formula 1
Specify the following details:
Book Flag
Select ‘Booked’ from the adjoining drop-down list.
Debit/Credit
Select ‘Credit’ from the adjoining drop-down list.
Days in a Month
Select ‘30 Days’ from the adjoining drop-down list.
Days in a Year
Select ‘360’ from the adjoining drop-down list.
Accrual Required
Check this box.
Rounding Required
Check this box.
Click ‘Formula Wizard’ button and invoke the ‘Formula Wizard’ screen.
5-3
Specify the following expressions:
Case
Result
DEPOSIT_AMOUNT > 0
DEPOSIT_AMOUNT * (MUDARABAH_RATE/100) *
(DAYS/YEAR )
For details about the screen, refer the chapter ‘Maintaining Interest Rules’ in the Interest and
Charges User Manual.
5.3
UDE Value Maintenance
You can maintain UDE values for the rules using the ‘User Data Element Maintenance’ screen.
You can invoke the ‘Interest & Charges User Data Element Maintenance’ screen by typing
‘IPDUDVAL’ in the field at the top right corner of the Application tool bar and clicking the adjoining
arrow button.
5-4
For details about the screen, refer the chapter ‘Giving UDE Values for Condition’ in the Interest
and Charges User Manual.
In this screen, you need to maintain the following UDEs for the different IP products. Assume that
you have maintained the following IP products:
 TD with Capitalization
 Normal TD with Simple Profit
 Recurring deposit Scheme
5.3.1 TD with Capitalization
You need to maintain values for the following UDEs under this product:

TD_1

TD_2

TD_3

TD_PNL

TAX_RATE
5-5
5.3.2 Normal TD with Simple Profit
You need to maintain values for the following UDEs under this product:

TD_1

TD_2

TD_3

TD_PNL
5.3.3 Recurring Deposit Scheme
You need to maintain values for the following UDEs under this product:

TD_1

OVERDUE_PENALTY

TAX_RATE
For the aforesaid rate code, you need to maintain rates and effective dates in the ‘Interest and
Charges Rate Input’ screen. You can invoke the ‘Interest and Charges Rate Input’ screen by
typing ‘IPDRATES’ in the field at the top right corner of the Application tool bar and clicking the
adjoining arrow button.
These rates are picked up by the TD module while processing profit applicable on a TD account.
Refer the chapter ‘Floating Rate Codes for IP Module’ for details about rate maintenance.
5-6
6.
6.1
Screen Glossary
Function ID List
The following table lists the function id and the function description of the screens covered as part
of this User Manual.
Function ID
Function Description
EIDMANPR
Mandatory Batch Program Maintenance
IADACCLS
Islamic Account Class Maintenance
IADCUSAC
Islamic Customer Accounts Detailed
IADCUSTD
Islamic TD Accounts Maintenance
IADREDMN
Term Deposits Redemption Input
IASREDMN
Term Deposits Redemption Summary
ICDPRABT
Profit Distribution Batch
ICDPRCBT
Profit Calc Batch
ICDPRUPD
Profit Calc Update
IPDRATES
Interest & Charges Rate Input
IPDUDVAL
User Data Element Maintenance
ICDWTMNT
Weights Maintenance
ICDZAKBA
Zakat Processing Batch
STDREXBT
Profit Calculation Exclusion Batch
6-1
Islamic Accounts
[May] [2012]
Version 12.0
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