Module Definitions
The list of the acronyms and abbreviations that are used in this guide are as follows:
Table - Definitions
| Term | Definitions |
|---|---|
| Entity Code | A unique identifier used to represent different entities within the system, such as branches, customers, or external organizations. |
| Relationship | Information concerning the connections between the party and related parties, including household members, guardians, custodians, and other relevant affiliations. |
| Business Process Code | A unique identifier used to define and manage various business processes within the system. |
| MIS Details | The configuration and management of data related to various business aspects for reporting and analysis purposes. |
| Bankrupt | The party has been legally declared bankrupt. |
| Frozen | The party is frozen due to regulatory or internal reasons. |
| Dormant | An account is in dormant status which means not used for along time. |
| Primary Party | The primary customer of a specific account. |
| Secondary Party | The secondary customer of a specific account. |
| Suffix | A word or letters added after the surname (last name) to provide additional information about a person. The suffix used in the party’s name, such as Jr., Sr., III, etc. |
| Party De-duplication check | To prevent the onboarding of duplicate parties, a check is performed during the onboarding process. This ensures that a party does not already exist in Oracle Banking Party |
| CIBIL/Credit Score | Credit score as per credit KYC check of the party. |
| Police DB Check | Police database is been checked as part of police KYC check. |
| Risk Mitigation | The process of reducing risk exposure and minimizing the likelihood of an incident. |
| Solicitor | Alegal professional who handles a wide range of legal tasks, from drafting documents and negotiating contracts to providing legal guidance. |
| Custodian | A person or entity that holds and safeguards assets, often in a financial context especially of minor/child party. |
| Guardian | A person who is legally responsible for the care of another person, especially of minor/child party. |
Parent topic: Preface