The channel approval rules are setup to specify the conditions whether the file should be sent to channel for approval before processing, based on File Threshold Level Limit and number of records.

The user can configure the Channel Approval Rule for Financial & non-financial transactions in the Corporate Preferences setup. User can define number of records and minimum Amount limit condition with different currencies for financial transactions and number of records condition for non-financial transactions.

The files, those are satisfying the approval rule condition will be sent to the Oracle Banking Digital Experience channel for further Approval before processing. Oracle Banking Digital Experience, based on maintenance of FI Template, Approval Rules and Limit Packages will allow the approver to take further action on the file waiting for approval.

Oracle Banking Digital Experience will generate a Handoff response with individual Record status post-approval or rejection and the same will sent back to Oracle Banking Electronic Data Exchange for Corporates to update the status of the file.

Similarly, user can setup whether Banker Approval is required or not for the uploaded files at File level or Record level.

Banker approval rules are setup to specify the conditions whether the file should be sent to banker for approval before processing, based on File Threshold Level Limit and number of records. Bank user can define these rules in the Plato Rules as shown below. The user can create these rules using the predefined facts only.

Below are the facts which are shipped out of the box with the product.

• currencyCount – This refers to distinct currency count present in the file.
• baseCurrency – This is the base currency maintained for the corporate in Corporate Preference.
• recordCurrencyList – This list contains distinct currencies present in the file.
• amount - This refers to total amount present in the file irrespective of currency.
• noOfRecords – This refers to total number of records present in the file.