Updates on Structure Closure

• During the closure of a pool structure:
  1. On structure closure authorization, system will immediately liquidate and allocate the interest to all the accounts in the structure.
  2. System will disable the ‘IC required’ flag from ‘Yes’ to ‘No’ for the Notional Header and will stop doing further interest accruals for the structure.
  3. During the reopening of the structure, user should update the relevant account groups to the Notional header and system will resume interest accruals for the structure.
• During the closure of an Interest Optimization structure:
  1. On structure closure authorization, system will immediately liquidate and allocate the interest to all the accounts in the structure.
  2. System will disable the ‘IC required’ flag from ‘Yes’ to ‘No’ for all the accounts and will stop doing further interest accruals for the structure.
  3. During the reopening of the structure, user should update the relevant account groups for all the accounts and system will resume interest accruals for the structure.
• While delinking an account from the structure, user will have an option select the liquidation on delinking as:
  1. Yes- system will immediately do the liquidation and reallocation to all the accounts.
  2. No- System will do the liquidation and reallocation as per the normal liquidation cycle.

  Note:

  The new field “Reallocation on delinking” introduced is applicable for Interest, and Advantage Methods.

Rate Type at Structure Level

• Application has been enhanced with an option for the user to select any of the defined exchange ‘Rate types’ at structure level. This rate could be considered for the currency conversions done at structure level both for pools and for sweeps structures.

Rate server integration for Sweeps

• Application has been enhanced with an option for the user to select the rates at structure level as follows:
  1. Online: Allowing online integration with an external rate system via OBRH for sweeps.
  2. Offline: Offline rate fetch from Oracle Banking Liquidity Management.

NLS Changes

• Application has been enhanced with Natural Language Support for French, Arabic, Spanish, Portuguese, Chinese and Traditional Chinese.
• Application menus, screens, Alerts, LOVs, etc. would be displayed (translated) based on the language preferences provided by the User on the User Maintenance screen.