1.2.1 Functional Features

This topic provides the information about the various functional features added in this release.

Changes to Account Structure

At the Application in structure creation screen the below new fields are introduced:
  • Drain the Pool: Using Drain the pool feature user now has the option to maintain the balance in a pool at a specific amount. To achieve this, user can add the notional pool header as a child in a sweeps structure. System would perform sweeps to maintain the balance of the pool as per the sweeps instructions maintained. Along with the notional header, user has to nominate an account from the pool to which the actual debit or credit would be done. While creating the structure user can specify the type of sweeps instructions applicable for the pool like ZBA/ Target balance etc. Sweeps would be done from the nominated account of the pool to maintain the pool balance as per the sweeps instructions. For example: If the target constant is maintained as 10k, system would perform sweeps from the nominated account to maintain the pool balance at 10k.

    An option Include Drain pool has been provided for the user while creating Hybrid type of structures. If this is enabled, user can add the Notional header of an existing pool as a child account in the Hybrid structure.

  • Credit First Sweep: With the credit first sweeps feature, system first performs all the upward movements from child to parent at each level irrespective of priority maintained at each pair followed by the downward sweeps. Priority is considered only for downward movements from parent to child at each level.

    An option Credit first Sweep is provided while user is creating a sweeps or Hybrid structure.

  • Downward Sweeps: An option has been added for the user to specify the sweeps direction from Parent to child. User will now have the option to select the sweeps direction as Child to parent, Parent to child and Both.
  • Pain001 Message Support: System has been enhanced to support Pain001 messages for MBCC sweeps.

Structure UX Revamp

  • The Liquidity Management Account Structure screens have been updated to enhance user experience and improve performance.
  • The account structure's node design and colors have been improved for a better user experience.
  • A pagination node has been added to the account structure to manage the high volume of accounts at the same level.
  • You can now include account pair level instructions as part of the account hierarchy build process instead of a separate editing task.

Simulation UX Revamp

  • The Liquidity Management Simulation Structure screens have been redesigned to enhance user experience and improve performance.
  • The node design and colours in the simulation structure have been updated for better user experience.
  • The pagination node in the simulation structure has been introduced to handle the large number of accounts at same level.
  • Account pair level instructions can now be captured as a continued step in the account hierarchy building itself rather than a separate edit activity earlier.

Option to Select Rate Type at Structure Level

  • The application now includes a feature that allows users to choose from various defined exchange 'Rate types' at the structure level. This selected rate can be used for currency conversions at the structure level for both pools and sweeps structures.

Rate Server Integration for Sweeps

  • The application now includes a feature that allows users to choose rates at the structure level as outlined below:
    1. Online: Allowing online integration with an external rate system via OBRH for sweeps.
    2. Offline: Offline rate fetch from Oracle Banking Liquidity Management.

Structure Closure Changes

  • 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. When the user reopens the structure, the user needs to update the appropriate account groups for all accounts, and the system will start accruing interest for the structure again.
  • When delinking an account from the structure, the user will have the choice to select the liquidation option during the delinking process 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 newly introduced Reallocation on delinking field applies to both Interest and Advantage Methods.

Option to Enable/ Disable Back Value Dated Sweep and Back Value Dated Pool

At the Application and Structure level the below new fields are introduced:
  • Adjust Sweep for Back Value Dated Transaction field with below options are provided:
    • Only on Back Value date- System would check and perform sweeps for back value dated transactions only on the value date of the transaction.
    • All days from Back value date- System would check and perform sweeps for back value dated transaction on the value date of the transaction and also on the subsequent days if there is any impact on the balances for the subsequent days.
  • Re-compute Pool for Value Dated transaction field toggle is available to recalculate the interest for BVT transaction.

CAMT Message Related Changes

  • Application has been enhanced to support processing the following tags for incoming Camt052 and Camt053
    1. CLAV / CLBD (Closing Available/ Booked)
    2. OPAV/ OPBD (Opening Available/ Booked)
    3. ITAV/ ITBD (Interim Available/Booked)
    4. Entry tags- Transaction entries(Ntry), Total Debit(TtlDbtNtries), Total Credits(TtlCdtNtries), Total Net entry(TtlNetNtry)

Option to Specify Booking Accounts for Interest Credit

  • Users can choose the account for crediting interest by indicating the booking account. From that point on, interest will be credited to the specified interest booking account rather than the calculated account. This applies to both pooled and individual account interest.
  • The following new fields have been added in the ‘Create Account Parameters’ screen for Booking Account:
    • Interest Booking Account
    • Booking Account Currency
    • Booking Account branch

NLS Changes

  • The application now includes improved Natural Language Support for French, Arabic, Spanish, Portuguese, Chinese, and Traditional Chinese.
  • Application menus, screens, alerts, lists of values etc will be shown in the language chosen by the user on the User Maintenance screen.

Parent topic: Release Enhancements