Update Settlement Instructions
You can define the settlement process of the defined interest conditions between the bank and the customer. The settlement instruction includes credit and debit interest, settlement accounts, settlement mode, and so on for pay-in and pay-out activities.
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Updates settlement instructions on summary accounts
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Updates settlement instructions on trading account
Manage Interest
You can define the fixed and floating interest rates for credit balance, debit balance, and penalty charges for summary accounts and currency summary accounts. The interest conditions defined for the summary accounts are inherited from their underlying virtual accounts.
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Allows to update credit interest condition for a summary account
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Updates the penalty interest conditions on summary accounts
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Update credit interest condition for a summary account
Manage Payment Schedule
You can define the conditions for the schedule and frequency of pay-in and pay-out transactions when the structure is in the live stage. You can also define the schedule for individual summary accounts within the structure (provided they are in the live stage).
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Updates payment schedule on a bundle in live structure.
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Updates payment schedule on summary account
Block or Unblock Accounts
You can temporarily deactivate either an entire structure or individual virtual accounts, thereby preventing both the structure and its associated virtual accounts from conducting transactions during that specific period.
Block Structure
POSTCreate Customer Mass Block for a specific Cash Pool Arrangement Structure over a specified period
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Create Block on Currency Summary Accounts
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Unblocks a particular virtual account and transactions can be initiated post the defined blocked end date.
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Unblocks a particular summary account and transactions can be initiated post the defined blocked end date.
Update Internal FX
You can choose to set an Internal FX rate for each customer, and these rates can be applied across different structures for the same customer within the bank.
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Updates forex pricing to master account
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Retrieve the internal forex details of a bundle
Secondary Limit
You can set secondary limits for an account that has one or more child accounts. A primary limit is the minimum and maximum limit of a parent account (for example, a summary account or currency summary account) whereas a secondary limit indicates the minimum and maximum limit of the virtual accounts under the parent account. For instance, if a summary account with two transaction accounts has a primary limit of 10000 EUR, you can set the secondary limit for each transaction account at 5000 EUR.
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Updates the secondary limit for summary accounts. This helps in monitoring the availability and utilisation of limits.
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Updates the secondary limit for virtual accounts. This helps in monitoring the availability and utilisation of limits.
Closure
You can close the entire structure at any stage, which eventually closes all its underlying virtual accounts.
Bundle Closure
PUTCloses the bundle or cashpool.
Account Closure
PUTStructural changes of virtual accounts in live status - for example, removing one virtual account from a sweep group to another sweep group triggered by the bank user
Bundle Restructure
The bundle is restructured by changing the parent or pool for a particular account provided with the same currency.
Change Pool
PUTStructural changes of virtual accounts in live status - for example, removing one virtual account from a sweep group to another sweep group triggered by the bank user
Change Parent
PUTStructural changes of virtual accounts in live status - for example, removing one virtual account from a sweep group to another sweep group triggered by the bank user
Create a Payment Order
You can create a payment order for the below payment products by inputting the payment order product and other mandatory fields like debit account, amount, beneficiary IBAN, and so on in Temenos Transact for various scenarios like loan disbursement, merchant fee processing, prepay, and loan repayment.
Create Payment Order
POSTCreate the payment order in Transact for various scenarios like loan disbursement, merchant fee processing, prepay and loan repayment
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Initate a new instant payment order. This API can be called in validate or commit mode. Former validates and responds back with status (and errors if any). Latter validates and commits if there are no validation errors.
Initiate Recall
You can initiate recall when a completed payment needs to be reversed. It can be requested either by the bank or the customer with appropriate reasons.
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Create a recall in response to a bank operator's request for a payment that has been previously sent out. Recall can be initiated for a specific payment reference and requires reason (code) for recall.
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Create a recall in response to a customer's request for a payment that has been previously sent out. Recall can be initiated for a specific payment reference and requires reason (code) for recall.
Accept or Reject Recall
You can initiate recall when a completed payment needs to be reversed. This recall requested by the bank or customer can be either accepted or rejected stating appropriate reasons.
Accept Recall
PUTRespond to a recall request for a payment that was made previously. Positive (Acceptance - Willing to Return Funds) or Negative (Rejection - Unwilling to Return Funds) responses are acceptable, but they must be accompanied by a reason (code).
Reject Recall
PUTRespond to a recall request for a payment that was made previously. Positive (Acceptance - Willing to Return Funds) or Negative (Rejection - Unwilling to Return Funds) responses are acceptable, but they must be accompanied by a reason (code).
Fetch Information
You can fetch information related to payment order.
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Retrieves all type of payment transactions
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Retrieves audit trail which contains information on the lifecycle of a payment. Details can be retrieved for a specific payment or for all payments in the system.
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Retrieve the status of payment order for a given order id
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Retrieves the history of all cases associated with a specific payment
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Retrieve completed payments that are eligible for recall
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Retrieve the status of an outward recall requests sent for completed payments