Update Settlement Instructions
Cash Management | Account Maintenance

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.

Manage Interest
Cash Management | Account Maintenance

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.

Manage Payment Schedule
Cash Management | Account Maintenance

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).

Block or Unblock Accounts
Cash Management | Account Maintenance

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.

Update Internal FX
Cash Management | Account Maintenance

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.

Secondary Limit
Cash Management | Account Maintenance

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.

Closure
Cash Management | Account Maintenance

You can close the entire structure at any stage, which eventually closes all its underlying virtual accounts.

Bundle Restructure
Cash Management | Account Maintenance

The bundle is restructured by changing the parent or pool for a particular account provided with the same currency.

  • Structural 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

  • Structural 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 Deal
Lending | Billateral Loan | Creation

A deal represents a credit agreement between the lender and the borrower that governs the applicable terms of the facilities, which encompass various conditions such as Non-Business Day Rules, Agency Fee, and more. Below are the service operations used to streamline the process of initiating, managing, and tracking deals or transactions.

  • Creates new offer deal for the required customer when the mandatory input details are provided. Offer deal creates a draft contract and allows the users to negotiate multiple times. Offer deal is a draft contract and will not affect the balance sheet of the bank.

  • On executing acceptance, the contract is changed from offer to live deal for the required customer when at least the mandatory input is provided. Process will check all the required mandatory inputs and prompt an error message when mandatory details are not provided. Once the accept deal offer is processed further offer negotiation is not allowed.

  • Deletes a new offer for the required deal contract when at least the mandatory input is provided. Deal offer is a draft contract, which allow the user to delete the contract online and deal offer contract will not affect the balance sheet of the bank.

  • Create a new deal for the customer with the details like product, term and amount . Corporate deal is a credit agreement between two parties- the lender and the borrower, who agree to certain terms and conditions along with their rights and obligations

Create a Facility
Lending | Billateral Loan | Creation

You can either create a standalone facility or create, accept, and activate an offer into a facility. A facility can also be merged or split.

  • Creates a new offer facility for the required customer when at least the mandatory input is provided. Offer facility creates a draft contract and allow the users to negotiate multiple times. Offer facility is a draft contract and will not affect the balance sheet of the bank.

  • Creates a new offer facility for the required customer when at least the mandatory input is provided. Offer facility creates a draft contract and allow the users to negotiate multiple times. Offer facility is a draft contract and will not affect the balance sheet of the bank.

  • On executing acceptance, the contract is changed from offer to live facility for the required customer when at least the mandatory input is provided. Process will check all the required mandatory inputs and prompt an error message when mandatory details are not provided. Once the accept deal offer is processed further offer negotiation is not allowed.

  • Creates corporate facilities

Create a Business Loan
Lending | Billateral Loan | Creation

You can create start-up loans, small business loans, and other banking loans (flexi pay, risk-free) with or without collateral, based on the selected product. Some loans have a defined maturity date, while others have the capability to be renewed or rolled over when the loan reaches the maturity date. You can create Business Banking (BB), Small Business loan and BB Start Up Loan using this service.