Traditional ALTA theme is replaced with Redwood Theme.

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.

A new field 'Default Spread' has been introduced in the Interest Limits Details Screen (OLDINTLM). If Default Spread is maintained for Loans (OL) or Syndication (LS), the same will be defaulted during the contract booking or capturing of reprice/rollover instructions, if the spread type field is maintained as “Flat” for the corresponding product. The spread can be changed post default from the maintenance.

System allows advance payment schedule for margin fees for bilateral loans.

This is applicable for all modules in OBCL.

Length of the below common entities have been increased/standardized. This is in sync with common core and other FLEXCUBE suite of products.

Email id also supported as User ID.

GL Code was already supported with 20 characters in OBCL, however, the current enhancement in common core will be in sync, henceforth.

Component wise waive option is added in manual payment screen to support waiving a part or full due amount, for any component (Interest and Principal) on any day during its lifecycle. Additional field provided in the payment screen to display the Prepaid Principal Amount. This will display any Principal amount paid in excess than the current due. User can input the penalty rate and upon click of 'Sum', the calculated penalty amount, based on the excess Principal paid, will be displayed in the penalty amount field. User can proceed with the calculated penalty amount or overwrite the penalty amount, if required.

New tab ‘Component Wise Payment Details’ has been introduced which displays the Component Wise details on click of Payment Details button in both Loans (OL) & Syndication (LS), in the following screens : OLDTRONL, OLDTROSI, OLDTROIC, OLDVAMND, OLDVAMSI, LBDTRONL & LBDDDONL.

On selecting a Component from the Component Summary block, system will display all schedules for that component in ascending order in the Schedule Details block. Then, on selecting a schedule from the Schedule Details block, system will list the breakup of the due for the specific component & due (which is same as 'Schedule wise Payment Details’). Existing Payment details which are displayed on Click of Payment Details has been moved under the tab ‘Schedule wise Payment Details’.

Currently Allow Partial Liquidation flag is supported at product level. Same is extended to contract level now, in both Loans (OL) and Syndication (LS), in the following screens: OLDTRONL, OLDTROSI, OLDTROIC, FCDTRONL, LBDTRONL and LBDDDONL.

New field 'Partial Liquidation Allowed' is added at contract level. By default, value will be populated from the product. For new facility, the default value would be Y. And user can amend 1-5 it during contract creation. An override will be thrown during New action Save if the value for field 'Partial Liquidation Allowed' is different from product. During Partial liquidation, the system will check the contract level 'Partial Liquidation Allowed' flag and shows the override message to the user if it’s not allowed.

The process of rolling over a loan to a new version has been enhanced to allow better control over the amount and date of the rollover. Thus, the loan could have a different product in the next version.

The rollover amount can be controlled for each component, the extent to which it is liquidated, waived, or rolled over. Additionally, version rollover can be applied to both past and current dates. This is supported for both Bilateral and Syndicated loans.

New schedule type Compounding has been introduced in the drawdown product and drawdown contract screens. This supports compounding of interest and penalty on the accrued amount.

When user select the compounding schedule for interest and penalty components, the system performs an upfront calculation and compounding. The system adds the Outstanding Principal amount with the Accrual amount up to the current date and modifies the basis amount for future accrual calculation. The system then updates the Interest component due accordingly.

During manual payment, a new feature now allows you to capitalize specific components, such as interest or penalties, into a particular amount.

It involves delaying interest or penalty payments, which allows the unpaid interest or penalties to be added to the loan's outstanding principal balance for future repayment. This method applies to both bilateral and syndicated loans.

The ECA Check Required has been enhanced at the component level for Bilateral and Syndication contracts. This allows you to control at both the product and contract levels.

Based on the values selected for each component at the product level, the settlement subsystem will populate values during contract creation.

The ECA Allowed field can be toggled (both checked or unchecked) for the components. Based on this selection, an ECA request to be generated for the borrower’s debit account.

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.

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.

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

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.

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

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.

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.

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.