Posting Restriction
Banks employ posting restrictions to regulate transactions in accounts. Posting restrictions are transaction-based rules that prevent transactions from being posted to an account for the purpose of operational control. A typical business case in which a bank uses a posting restrictions to regulate credits into an account is for non-resident accounts, where there may be restrictions on depositing local currency amounts into the account.
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Update the account details to block or unblock the account by setting the posting restriction and to change the nick name of the account
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Update the account details to block or unblock the account by setting the posting restriction and to change the nick name of the account
Arrangement Maintenance
Manage tangible asset contract lifecycle actions
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Renegotiation of the terms & conditions of the chattel mortgage agreement
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Renegotiation of the terms & conditions of the lease agreement
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Rengotiation of the terms & conditions of the chattel mortgage agreement
Update Parties
POSTChange the parties involved in the asset finance agreement. The parties, simply are the customers acting as a lessee, guarantor or joint lessee.
Update Settlement
POSTUpdate the settlement instructions of the customer in order to transact with the asset finance agreement.
Update Officers
POSTChange the relationship/account officers who is dealing with the lessee's agreement.
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Update payment holiday for leasees , hire purchase and chattel mortgage asset finance agreements