To edit virtual entity:

1. Navigate to the View Virtual Entity screen.
2. In the Party Name field, select the party name and ID from the dropdown list.
3. In the Virtual Entity ID field, enter the unique ID of the virtual entity whose details you want to edit. User can also Perform the following action:
   • In the Virtual Entity Name field, enter the name of the virtual entity whose details you want to edit.
   • Click the desired record under the Virtual Entity ID & Name column.The record details appears.
4. User can perform any one of the following action:
   • Click Search to view virtual entities.
   • Click Clear to reset the entered data.
   • Click Cancel to cancel the Parent Account selection.
5. Click the Virtual Entity ID & Name link.
   The Virtual Entity - View screen appears.
6. Click Edit.
   The Edit Virtual Entity - Virtual Entity Information screen appears.

   Figure 3-6 Edit Virtual Entity - Virtual Entity Information

   
   

   
   Description of "Figure 3-6 Edit Virtual Entity - Virtual Entity Information"

   
   

   For more information on fields, refer to the field description table.

   Table 3-5 Edit Virtual Entity - Virtual Entity Information

   Field Name	Description
   Virtual Entity Name	Displays the name of the virtual entity corresponding to the entity ID.
   Virtual Entity ID	Displays the unique ID assigned to each virtual entity.
   Virtual Entity Type	Displays the type of the entity, whether the entity is Individual or Corporate.
   Virtual Entity Details
   Virtual Entity Name	Specify the name of the virtual entity corresponding to the entity ID.
   This section appears if you select the Virtual Entity Type as Corporate.
   Corporate Type	Select the corporate type from the drop-down list. The options are: Corporation Co-operative Partnership Sole Proprietorship
   Date of Incorporation	Select the date of incorporation of the corporate.
   Country of Incorporation	Select the country name of the incorporation.
   Landline	Specify the landline number of the corporate virtual entity holder.
   Mobile Number	Specify the mobile number of the corporate virtual entity holder.
   Email ID	Specify the email address of the corporate virtual entity holder.
   Preferred Mode	Select the preferred mode of the corporate virtual entity holder. The options are: Mobile Email
   Mapped Virtual Accounts	Displays the count of all the child accounts mapped to the virtual entity.
   Registered Address These fields are blank and by selecting the Copy from Real Entity function the fields get auto populated from real entity in editable format. The user can clear the fields by de-selecting the Copy from Real Entity check box.
   Address Line 1	Specify the first line of correspondence address of the corporate virtual entity holder.
   Address Line 2	Specify the second line of correspondence address of the corporate virtual entity holder.
   Country	Select the country name of the corporate virtual entity holder.
   Post Code	Specify the post code of the corporate virtual entity holder.
   Correspondence Address These fields are blank and by selecting the Copy from Registered Address function the fields of correspondence address get auto-populated from registered address in editable format. The user can clear the fields by de-selecting the Copy from Registered Address check box.
   Address Line 1	Specify the first line of mailing address of the corporate virtual entity holder.
   Address Line 2	Specify the second line of mailing address of the corporate virtual entity holder.
   Country	Select the country name of the corporate virtual entity holder.
   Post Code	Specify the post code of the corporate virtual entity holder.
   Structured Address
   Department	Specify the department of the virtual entity holder.
   Sub-Department	Specify the sub-department of the virtual entity holder.
   Street Name	Specify the street name of the corporate virtual entity holder.
   Building Number	Specify the building number of the virtual entity holder.
   Building Name	Specify the building name of the virtual entity holder.
   Floor	Specify the floor number of the corporate virtual entity holder.
   Post Box	Specify the post box number of the virtual entity holder.
   Room	Specify the room number of the corporate virtual entity holder.
   Post Code	Specify the post code of the virtual entity holder.
   Town Name	Specify the town name of the corporate virtual entity holder.
   Town Location Name	Specify the town location name of the corporate virtual entity holder.
   District Name	Specify the district name of the corporate virtual entity holder.
   Country Subdivision	Specify the country subdivision of the corporate virtual entity holder.
   Country	Select the country name of the corporate virtual entity holder.
   This section appears if you select the Virtual Entity Type as Individual.
   First Name	Specify the first name of the virtual entity holder.
   Last Name	Specify the last name of the virtual entity holder.
   Date of Birth	Select the date of the birth of the virtual entity holder.
   Gender	Select the gender of the virtual entity holder. The options are: Male Female Other Prefer Not to Disclose
   Nationality	Specify the nationality of the virtual entity holder.
   National ID	Specify the national ID of the virtual entity holder.
   Home Phone	Specify the home phone number of the virtual entity holder.
   Work Phone	Specify the work phone number of the virtual entity holder.
   Mobile Number	Specify the mobile number of the virtual entity holder.
   Email ID	Specify the email address of the virtual entity holder.
   Preferred Mode	Select the preferred mode of the virtual entity holder. The options are: Mobile Email
   Registered Address These fields are blank and by selecting the Copy from Real Entity function the fields get auto populated from real entity in editable format. The user can clear the fields by de-selecting the Copy from Real Entity check box.
   Address Line 1	Specify the first line of correspondence address of the corporate virtual entity holder.
   Address Line 2	Specify the second line of mailing address of the virtual entity holder.
   Country	Select the country name of the virtual entity holder.
   Post Code	Specify the post code of the virtual entity holder.
   Structured Address
   Department	Specify the department of the virtual entity holder.
   Sub-Department	Specify the sub-department of the virtual entity holder.
   Street Name	Specify the street name of the corporate virtual entity holder.
   Building Number	Specify the building number of the virtual entity holder.
   Building Name	Specify the building name of the virtual entity holder.
   Floor	Specify the floor number of the corporate virtual entity holder.
   Post Box	Specify the post box number of the virtual entity holder.
   Room	Specify the room number of the corporate virtual entity holder.
   Post Code	Specify the post code of the virtual entity holder.
   Town Name	Specify the town name of the corporate virtual entity holder.
   Town Location Name	Specify the town location name of the corporate virtual entity holder.
   District Name	Specify the district name of the corporate virtual entity holder.
   Country Subdivision	Specify the country subdivision of the corporate virtual entity holder.
   Country	Select the country name of the corporate virtual entity holder.

7. User Can perform any one of the following action:
   • Click Next to navigate to the Other Details section.
   • Click Cancel to cancel the transaction.
   The Edit Virtual Entity - Other Details screen appears.

   Figure 3-7 Edit Virtual Entity - other details

   
   

   
   Description of "Figure 3-7 Edit Virtual Entity - other details"

   
   

   For more information on fields, refer to the field description table.

   Table 3-6 Edit Virtual Entity - Other Details

   Fields	Description
   Identification details	Information specified fields are related to Identification details
   Identification Type	Select the identification type of the virtual entity holder.
   Identification Number	Specify the identification number corresponding to the identification type.
   Tax Identification Number	Specify the tax identification number of the virtual entity holder.
   PDF Statement Preferences
   Generate PDF	Click the Generate PDF toggle if you want preference for statement download in PDF format. Below section is enabled if you click Generate PDF toggle.
   Consolidated	Select the consolidated statement of all the Virtual Accounts mapped to the Virtual Entity.
   Account Level	Select the account level Statement of each Virtual account mapped to the Virtual Entity.
   Frequency	Select the frequency of the statement.
   Due On	Select the Due day/date/month/quarter/year required for the Virtual Account statement.
   MT Statement Preferences
   Generate MT940	Click the toggle to set up your preference to download the statement in MT940 format.
   Generate MT950	Click the toggle to set up your preference to download the statement in MT950 format.
   Generate MT942	Click the toggle to set up your preference to download the statement in MT942 format.
   Generate Message Only on Movement	Click the toggle to generate message only on movement. This field is enabled if you click the Generate MT942 toggle.
   Report Transactions Since	Select since when you want the statement to be generated. This field is enabled if you click the Generate MT942 toggle.
   Generation Time	Select the time when the statement is needed. This field is enabled if you click the Generate MT942 toggle.
   Display IBAN	Click the toggle to set up the preference for IBAN which will be applicable for the all the Virtual Accounts linked under this entity.
   ISO Statement Preferences
   Generate CAMT.053	Click the toggle to set up your preference to download the statement in CAMT.053 format.
   Generate CAMT.052	Click the toggle to set up your preference to download the statement in CAMT.052 format.
   Generate Message Only on Movement	Click the toggle to generate message only if there is any transaction posted. This field is enabled if you click the Generate CAMT.052 toggle.
   Report Transactions Since	Select since when you want the statement to be generated. This field is enabled if you click the Generate CAMT.052 toggle.
   Generation Time	Select the time when the statement is needed. This field is enabled if you click the Generate CAMT.052 toggle.

8. Click Submit.
   User can also perform any one of the following action:
   • ClickCancel to cancel the transaction.
   • ClickBack to navigate to the previous screen.
9. The Review screen appears. Verify the details and click Confirm.
   User can also perform any one of the following action:
   • ClickCancel to cancel the transaction.
   • ClickBack to navigate to the previous screen. The user is directed to Other Details screen with values in editable form.
10. The success message of Virtual Entity update appears along with the reference number.
    User can also perform any one of the following action:
    • Click Go To Dashboard to navigate to the dashboard.
    • Click Go To Overview to navigate to the Virtual Account management dashboard.

    • Click Create Virtual Entities to create more virtual entities.

    • Click Create Virtual Accounts to create Virtual Accounts.