3 Party Preferences

This topic describes the information about Party Migration feature.

Party Preference setup allows the administrator to onboard the party on OBAPIS along with definition of attributes like limits, Approval flow, grace period etc. This maintenance is done only for corporate type of parties and is not applicable for retail type of parties. Parameter values maintained against a corporate party defines the system behavior for the following:
  • Cumulative daily limits per transaction for the corporate party
  • Transaction limits for the users
  • Type of approval flow applicable
  • Group Corporate Mapping
  • Channel access preferences
  • Availability of corporate administrator facility
Pre-Requisites
  • Transaction access is provided to Bank Administrator.
  • Approval rule set up for Bank Administrator to perform the actions.
  • Party for which preference needs to be set up is created in core banking application.

Figure 3-1 Workflow


Description of Figure 3-1 follows
Description of "Figure 3-1 Workflow"

Features Supported In Application

Party Preference maintenance available for bank administrator in the application includes:

Navigation Path: Perform anyone of the following navigation to access Party Preferences.

  • From System/ Bank Administrator Dashboard, click Toggle Menu, then click Menu and then click Corporate Onboarding, Under Corporate Onboarding, click Party Preferences.
  • From Bank Administrator Dashboard, under Corporate Onboarding widget, click Party Preferences.

Note:

For Non Customer Corporates (for which the party id is not maintained in UBS or in Core banking system), can also be on boarded on OBAPIS using Party Preference. For such cases i.e. for non customer corporate (counterparties on boarded by Corporates) the system will look for the party ID in OBSCF/OBCMS.
  • Party Preferences- Search
    This topic describes the systematic instruction to Party Preferences- Search feature.
  • Party Preferences - Create
    This topic describes the systematic instruction to Party Preferences - Create option. Using this option, Bank Administrator can configure party preferences for a specific party.
  • Party Preferences - View
    This topic describes the systematic instruction to Party Preferences - View feature.
  • Party Preferences - Edit
    This topic describes the systematic instruction to Party Preferences - Edit option.
  • FAQ