Posting Restriction
Banks employ posting restrictions to regulate transactions in deposits. Posting restrictions are transaction-based controls, that prevent transactions from being posted for the purpose of operational control. A typical business case in which a bank applies a posting restriction to control credits is for non-resident accounts, where there could be restrictions against the deposit of local currency amounts into the deposit.
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Update the account conditions of the term deposit such as alternate references, posting restrictions, etc
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Update the account conditions of the term deposit such as alternate references, posting restrictions, etc
Renegotiate Deposits
Renegotiating deposits involves negotiating new terms and conditions for a term deposit account before its maturity date. These negotiations may include a change in the original terms of the account, such as the interest rate or the maturity date and so on.
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Perform the renegotiation of the term deposit contract details such as payment frequency, interest rates, etc.