Redwood Adoption

OBCL-ECA for multi settlement accounts

OBCL- ECA Support for all Debit Components

For contracts with multi settlement accounts, system should have the ability to process the liquidation even if one of the account in the settlement instructions does not have sufficient balance. System should process the liquidation to the extent of the funds available in the accounts.

System should have the ability to track the split settlement amount for each of the accounts that are due for liquidation and should settle against the respective accounts. This feature is provided for both bilateral and syndication modules.

ECA is enabled for all components where customer is debited as part of online or batch processing for both bilateral and syndication modules. Changes are included for Adhoc Fees, Charge, Tax and BADJ for discounted loans during REVN and VAMI, Interest liquidation for discounted loans, Fees recalculation during batch.

A new field is added in all transaction screens, to display ECA Status before proceeding for authorization