1.6 Liquidity Management

This topic provides information about enhancements in the Virtual Accounts Management.

As part of this release, Liquidity Management module has been enhanced to include the following features:

Table 1-11 Enhancements in Liquidity Management

Enhancements Description
Account access enablement in Settle Inter-Company Loans While settling the "Intercompany Loans" on Loans Inquiry Screen, an access check has been implemented to ensure that only users with an appropriate access can settle the loans.
Downward Only Sweeps Currently, OBDX offers one way (Child to Parent) and two way (Both - Child to Parent & Parent to Child) sweep direction. In certain use cases , corporates require sweeps where only the parent would fund the child account not vice versa. Eg- The parent a/c could be the government funding account and the child accounts can be the different departments which doesn’t earn any revenue and hence would not be funding back the parent account.

To address such requirements, a new feature has been introduced. When creating a sweep structure, user can select downward-only sweep option while setting up child instructions enabling the set up of a sweep that permits funding only parent to child.

Following changes have been done in Sweep and Sweep part of hybrid structure.
  • Existing Child instruction overlay --> Toggle has been replaced by Sweep Direction dropdown.
  • Drop down will have 3 values - Child to Parent, Parent to Child, Both
Updates in System Configuration Screen – Liquidity Management Tab Existing Liquidity Management section has been enhanced to simplify the categorization of various configurations for all the transactions related to Liquidity Management. Following changes have been done:
  • A more user-friendly property name
  • Property description to help users understand the nature of the transaction.

The sequencing of transactions based on their relevance.

Parent topic: Features and Enhancements