1.2 Release Enhancements

Following are the release enhancements of the OBCL 14.7.6.0.0 Innovation release.

  • Synchronize ECA Support for Bilateral Loans and Loan Syndication

    The ECA (External Credit Approval) call can now be performed simultaneously for all debited components, such as Principal, Interest, Fees, Charges, and Tax, in both Bilateral Loans and Loan Syndication, whether in Online or Batch processing.

  • Local Clearing Support for Customer Credit Transfer (NEFT and RTGS)

    OBCL facilitates the processing of local clearing credit transactions, allowing Bank-to-Customer messaging through NEFT (N06) and RTGS (pacs.008, pacs.009). These messages are generated in OBPM for both online transactions and End-of-Day (EOD) processing, covering credit events linked to bilateral loans and loan syndication.

  • Split Settlement Support Amount instead of Percentage for Syndication

    Users can now enter a split amount directly on the Split Settlement screen, rather than using a percentage.

  • Receiver Population for OBPM Integration for Outbound Services

    The Receiver field now supports the Bank Identifier Code (BIC) of the credit Nostro account, which indicates the SWIFT address of the message recipient. This pertains to the party or institution that is meant to receive the message or payment.

    Users can select the BIC from the receiver list of values. The system checks the BIC format and populates the receiver tag in the payment request payload.

  • Advice Suppression for Lenders with Zero Percentage Ratio

    Loan Syndication Advice generation will be limited for participants if their current asset ratio or component ratio is zero.

  • Accrual Posting by Schedule for Back-dated Operations

    The system enables user to post accrual schedules by date for backdated operations, including backdated contract bookings, back-valued amendments, and back-valued liquidations to Bilateral Loan contracts. This feature can be customized through Loan Parameters.

  • Margin Revision for Liquidated Drawdowns

    Revisions to margin rate that are backdated will be applied for liquidated drawdowns within the tranche where the Interest or Fee Distribution type is defined as Lender of Actuals. The bank has the ability to manually collect or refund interest amounts based on interest calculations. This option can be adjusted through the Loan Parameters.

  • Phasing Out the INDIVIDUAL Application Type in Webservices Build

    The 'INDIVIDUAL' Application Type is no longer supported for Webservices build. Going forward, 'INTEGRATED' Application Type will be the only option available for Webservices build.

    Sample webservice link - http://<<server IP>>:<<port>>/OFCLWeb/<<service_name>>?WSDL

Parent topic: Release Notes