Interest Accruals
Interest accrual is the accumulation of interest on funds that are deposited into an interest-bearing account over a period. It can occur daily, monthly, quarterly, or annually depending on the account terms. The below service operations are used to retrieve the interest accrued for various time frames.
-
Retrieve the accrued interest details of virtual accounts for the current period.
-
Retrieve the interest details of virtual accounts for the previous period.
-
Retrieve the total interest details of virtual accounts.
Sweep
Sweeps are a movement of funds from one virtual account to another targeting to maintain the defined minimum or maximum amount of account balances. You can set up balance sweeps among virtual accounts that are part of the same structure and currency. You can also perform sweeps among accounts in a cash pool group.
-
Retrieve the processed sweeps.
-
Retrieves sweep with rules which will be checked against to see if a transfer of funds needs to be made from one account to another.
-
Retrieves the cashpool group details of the virtual accounts.
Balances
Finances of a cash management structure has the following balance information.
-
Retrieves the balances of Master/Bundle Arrangement
-
Simulated Balances
-
Retrieves the balances of a TR Account
Account Details
Account details include displaying of transaction account summary and the details of the accounts individually under a bundle.
-
Retrieve the arrangement details of a bundle, summary accounts, currency summary accounts and virtual accounts.
-
Retrieves the account details of a Bundle arrangement
Create an Asset
Collection of end points that relate to Tangible asset, arrangement and covenants creation, enables creation of Land & Building, Equipments, Specialised Assets
-
Creates assets that fall under classification of vehicles
-
Creates assets that fall under classification of equipments
-
Creates assets that fall under classification of land & buildings
-
Creates assets that fall under classification of specialised assets.
-
Registers the tangible asset into the system by capturing the basic details like asset class, asset type, cost details, depreciation details.
-
Creation of hire purchase agreement for the customer with terms & conditions.
-
Creation of lease agreement for the customer with terms & conditions.
-
Creation of chattel mortgage agreement for the customer with terms & conditions.
-
Captures and accepts new insurance for an asset, specifying details such as the insurer, coverage amount, policy number, and coverage period.
-
Captures and accepts details based on the the outcome of an inspection, including data such as the inspector, inspection date, status, and any comments about the assets condition.
-
Captures and accepts details when an asset has been inspected and officially accepted by the organization, documenting the data such as acceptance date, accepting party, and status.
-
Captures and accepts details when a vehicle has been inspected and officially accepted by the organization, documenting the data such as acceptance date, accepting party, and status.
-
Activation of an asset finance agreement. This action marks that the asset is delivered to the lessee and the contract terms are initiated.