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Core Banking 20.2.3 User Guide Toc Core Banking 20.2.3 User Guide Copyright © FintechOS 2021. All rights reserved. CORE BANKING 20.2.3 USER GUIDE TOC Overview 5 Banking Product Factory 5 Applications 5 Limit Management 7 Group Exposure Types 7 Customer Exposure Types 8 Validations 8 Calculation of Available Limit Amount 10 Limit Business Statuses 10 Adding Limits for Legal Entities in the FintechOS Portal 11 Group Management 17 Collateral 20 FTOS_CB_CollateralRegister Entity 20 Journey - FTOS_CB_CollateralRegister 21 FTOS_CB_CollateralRegister – After Insert - Event trigger 21 FTOS_CB_AfterUpdateCollateralRegister– After UPDATE - Event trigger 22 FTOS_CB_CollateralRegisterOwner Entity 22 Form - FTOS_CB_CollateralRegisterOwner – Default form 23 FTOS_CB_Contractcollateral Entity 23 Journey - FTOS_CB_Colntractcollateral 23 SERVER SCRIPTS 24 TABLE OF CONTENTS 2 CORE BANKING 20.2.3 USER GUIDE Collateral Management 27 Registering a Collateral 28 Deposits 33 Banking Product Configuration 33 Main info 33 Details 34 Availability 36 Contract deposit configuration 37 Deposit interest calculation 38 Banking Contracts 42 1 Overview 43 1.1. Common Data 43 1.2. For a Product having Product Type = Bank Account, Banking Product = Current Account 44 1.3. For a Product having Product Type = Deposit, Banking Product = Fixed Deposit 44 1.4. For a Product having Product Type = Term Loan Account, Banking Product = Unsecured Loan or Secured Loan 45 1.5. For a Product having Product Type = Overdraft, Banking Product = Unsecured Overdraft or Secured Overdraft 47 2 Collaterals 48 3 Payments 50 3.1. Common Data 50 3.2. For a Product having Product Type = Term Loan Account, Banking Product = Unsecured Loan or Secured Loan or for a Product having Product Type = Overdraft, Banking Product = Unsecured Overdraft or Secured Overdraft 52 4 Contracts & Documents 52 TABLE OF CONTENTS 3 CORE BANKING 20.2.3 USER GUIDE 5 History 52 6 Accounting entries 53 Loan Contract Lifecycle 55 Transaction Types 58 Attributes: 60 Transaction Type Values: 60 Transaction Item Accounting Configurations: 61 Transaction Accounting Models: 61 TABLE OF CONTENTS 4 CORE BANKING 20.2.3 USER GUIDE Overview The Core Banking encapsulates the major banking processes and configurations needed to create and maintain banking products configured and tailored to the bank's offerings, configurations of transactions and set up of interest and commissions. It embeds the: l Lead Management l Collateral Management l Deposits l Banking Product. These processes are configured in a FintechOS Portal. Afterwords, the configuration of a product is done through the automation processor. Banking Product Factory This is a powerful automation processor accessed in the FintechOS Studio that builds the products to be used in a digital journey, configures the interest, commissions and the lifecycle of a product. Those products are then introduced to a digital journey or in the case of Banking Product Factory for Enterprise it associated the products with the transactions. For more information, see Banking Product Factory. Applications The Core Banking can facilitate business processes, such as: OVERVIEW 5 CORE BANKING 20.2.3 USER GUIDE l Digital onboarding l Loan origination l Product portfolio management l Approval flows. OVERVIEW 6 CORE BANKING 20.2.3 USER GUIDE Limit Management The exposure is the risk a bank is taking on for writing the loan. Every time a bank grants any type of credit facility to a customer (a loan), they incur exposure to something or a number of somethings. Simply put the bank will monitor its exposure to various things, which could negatively affect the customer. The bank will use various algorithms to calculate their exposure to any of the above, but we will assume they simply add up their exposure. For the length of this page, when referring to a loan, it refers to all types of loans: unsecured loan, secured loan, overdraft, promissory note, working capital loan. In FintechOSCore Banking an exposure can be related to a group or to a customer. The approval of limits is subject to validation, depending on the type of customer. These validations are detailed below. Group Exposure Types l Total Exposure - the sum of (a) the aggregate principal amount of the Loans of a Lender l Country Exposure - the limit placed by a bank on the number of loans that can be given to borrowers in a particular country. They are used to control the banks' risk exposure to particular regions l Company Exposure - the banks' exposure to a single non-banking financial company (NBFC) l Product Type Exposure - the maximum amount of credit an institution extends to the group for a specific type of product. l Product Exposure - the maximum amount of credit an institution will extend to the group for a specific product. LIMIT MANAGEMENT 7 CORE BANKING 20.2.3 USER GUIDE l Exchange Exposure - the risk a company undertakes when making financial transactions in foreign currencies. All currencies can experience periods of high volatility which can adversely affect profit margins if suitable strategies are not in place to protect cash flow from sudden currency fluctuations. Customer Exposure Types l Total Exposure - the sum of (a) the aggregate principal amount of the Loans of a Lender. l Product Type Exposure - the maximum amount of credit an institution will extend to the customer for a specific type of product. l Product Exposure - the maximum amount of credit an institution will extend to the customer for a specific product. l Exchange Exposure - the risk a company undertakes when making financial transactions in foreign currencies. All currencies can experience periods of high volatility which can adversely affect profit margins if suitable strategies are not in place to protect cash flow from sudden currency fluctuations. Validations For Customers Not Belonging to Groups Total Exposure is validated to be unique. Product Type Exposure is validated against the approved and active total exposure set on the customer. Product Exposure is validated against the Product Type Exposure if exists. If a Product Type Exposure does not exist, it will be validated against the Total Exposure. LIMIT MANAGEMENT 8 CORE BANKING 20.2.3 USER GUIDE Exchange Exposure is validated against Total Exposure. For a customer that belongs to a group, the validations are: Total Exposure is validated to be unique and it is validated against the Total Exposure set on the group When a group defines a Company Exposure, a Total Exposure is automatically created for that company. All the other limits are validated against their correspondent set on the customer’s group, if exists. If the correspondent does not exist, there are validated against total exposure from the group. The account limit currency will automatically be filled in with the group limit currency. For Groups Total Exposure is validated to be unique. Product Type Exposure is validated against the approved and active Total Exposure set on the group. Product Exposure is validated against the Product Type Exposure if exists. If a Product Type exposure does not exist, it will be validated against the Total Exposure. Company Exposure is validated against the approved and active total exposure set on the group. Country Exposure is validated against the approved and active total exposure set on that group. Exchange Exposure is validated against Total Exposure. It is possible to define as many limits with the same Type (on Group or on Customer) as long as only one Limit (Type) = Approved. After setting the limits, the loan approval will be validated against those limits, as detailed below: LIMIT MANAGEMENT 9 CORE BANKING 20.2.3 USER GUIDE l if there is not at least one limit set at the customer or group level, the approval of the loan will not be possible and an explicit error will be displayed. l contract maturity date cannot exceed the limit’s expire date and an explicit error will be displayed. l loan amount cannot exceed corresponding limit amount. If not, an explicit error will be displayed. Calculation of Available Limit Amount After loan approval, the available amount for each corresponding limit will be recalculated by substracting loan amount from limit amount. When calculating the group limit available amount, the application will take into account all group members. If the limit currency and loan currency are different, the application will automatically convert the loan amount using the current exchange rate. All group and customer limits are updated daily in accordance with the exchange rate. This is done via a job called ‘Daily Limit Recalculation’. After a loan is closed, the available limit amount will increase with that loan amount. If a customer that already has approved contracts becomes member of a group, all it’s active limits will be suspended. Same behavior is applied when excluding a customer from a group. If a customer is a child company for more than one company which are part of different groups, it should have impact in the available limit amount on the group to which it was first added, unless if it was already part of a group. Limit Business Statuses A limit has the following business statuses: LIMIT MANAGEMENT 10 CORE BANKING 20.2.3 USER GUIDE l Draft l Approved l Closed l Suspended. IMPORTANT! For the limit to be applied, it must be in Approved status. Adding Limits for Legal Entities in the FintechOS Portal You can add limits and groups while defining customers using the Single Customer View -> Legal entity menu. The limit is taken into consideration when a contract is approved, and the limit is reset when the contract is closed. To add a limit, follow these steps: 1. Log into FintechOS Portal. In the main menu, navigate to Single Customer View -> Legal entity menu option. From the newly opened page you can add a new company or to modify an existing one. To access the limits and groups, once the legal entity has been created and saved in the database, you can access the Group & Limits tab.
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