1.2.5 Common Enhancements - Retail Accounts and Retail Deposits

This topic provides the technical enhancements of Retail Accounts and Retail Deposits.

  • A new Accounting Period maintenance feature has been introduced in Common Core to replace the previous Period Code maintenance under Interest and Charges. All the existing data under Period Code to be maintained in the new configuration.
  • New tags nomineeType and nomineeSharePercentage are added under Nominee data segment of account creation and modification requests. These are mandatory when more than one nominee is added in the request payload.
  • A new UI process, Accounting Handoff Browser, is introduced for viewing and retrying failed entries related to accounting handoffs.
  • UTC Changes: OBMA time handling is standardized to UTC to remove ambiguity from local time zones and daylight saving time (DST). All persisted and exchanged timestamps are normalized to UTC; display localization remains at the presentation layer.
  • The Handoff Parameters are no more required, hence the screen under Interest and charges has been removed.
  • The existing Branch Parameters under Account Configuration mandatory fields have been added to configure Credit GL and Debit GL under the Waiver/Residual GL Number section, enabling the zeroing of an account during the account closure process.

Parent topic: Release Enhancements