8.2.5.2 DD Revalidation

The Teller can use the DD Operations screen to revalidate an instrument that is in expired status.

When a customer requests for revalidation of an instrument that is in expired status, Teller can validate the instrument details and initiate revalidation of DD. The system will allow for revalidation only if:

  • Revalidation is allowed at the Instrument type level

  • The instrument is not liquidated, canceled, or refunded

  • The instrument is issued, revalidated, or duplicate issued but not liquidated/refunded/canceled

  • Rule based authorization is not supported for revalidation

To revalidate a DD:

  1. On the Homepage, from Teller mega menu, under Remittances, click DD Operations or specify DD Operations in the search icon bar and select the screen.
    The DD Operations screen is displayed.

    Figure 8-30 DD Operations - Revalidate


    Description of Figure 8-30 follows
    Description of "Figure 8-30 DD Operations - Revalidate"

  2. On the DD Operations screen, specify the fields. For more information on fields, refer to the field description table.

    Note:

    The fields marked as Required are mandatory.

    Table 8-30 DD Operations (Revalidate) - Field Description

    Field Description

    Demand Draft Number

    Specify the DD number of the instrument.

    Issuing Bank Code

    Specify the code of the issuing bank.

    Issue Branch

    Select the branch code where the instrument is issued from the LOV.

    DD Currency

    Specify DD Currency to query instrument details.
    Instrument Type Select the instrument type from the drop-down list.
    The option are:
    • Demand Draft
    • Demand Draft-FCY

    Operation Type

    Select the type Revalidate from the drop-down list.

    Revalidation Date
    Select the revalidation date.

    Note:

    By default, the system date is displayed as a revalidation date.

    New Expiry Date

    Displays the new expiry date based on the specified revalidation date.

    Mode of Charge

    Select the mode of charge from the drop-down values (Account or Cash).

    Charge Account
    Specify the charge account number. The following conditions apply based on the value selected for Mode of Charge:

    • If the Mode of Charge is selected as Account, the system will default the Drawer Account.

    • If Mode of Charge is selected as Other Account, the user needs to manually capture another account number for collection of charges. This account needs to belong to the same currency as the Drawer Account Currency.

    Narrative

    Displays the default narrative as Demand Draft Revalidation, and it can be modified.

  3. Specify the charge details. For information on the fields in the Charge Details segment, refer to Charge Details.
  4. Click on the View Demand Draft Details data segment to view the additional details of the DD.

    Note:

    This data segment is non-editable.
  5. Click Submit.

    A teller sequence number is generated, and the Transaction Completed Successfully information message is displayed.

    Note:

    The transaction is moved to authorization in case of any warning raised when the transaction saves.

    On transaction submission, the system will hand off the details to the payments product processor (Oracle Banking Payments) for processing. When you get a success notification from Oracle Banking Payments, the system will update the transaction status as Success and mark for charges accounting handoff. The transaction accounting is not applicable for the transaction. In case of reject notification from Oracle Banking Payments, the system will discard the transaction.

Parent topic: DD Operations