1. Islamic Bills and Collections User Guide
  2. Islamic Bills Maintenance
  3. Insurance Company Details
  4. Maintain Insurance Company Details

2.6.1 Maintain Insurance Company Details

This topic describes the systematic instruction to maintain the insurance company details.

A bill, as an instrument used for trade payments involves the shipment of large merchandise over long distances. To cover the loss or damage of the goods during transition, most merchandise that is traded is covered under an insurance policy. You can maintain the details of different Insurance Companies in Oracle Banking Trade Finance.

At the time of capturing the details of a Bill contract in the system, you can associate the appropriate Insurance Company Code with the contract. Upon selection of the code, all the details maintained for the selected code will be automatically picked up by the system. Subsequently, on receipt of the insurance policy from the company, the insurance policy number can also be captured in the relevant contract.

Specify User ID and Password, and login to Homepage.
  1. On Homepage, type BCDINSCO in the text box, and then click next arrow.
    The Bills & Collections Insurance Company Maintenance screen is displayed.

    Figure 2-10 Bills & Collections Insurance Company Maintenance


    Description of Figure 2-10 follows
    Description of "Figure 2-10 Bills & Collections Insurance Company Maintenance"
  2. On Bills & Collections Insurance Company Maintenance screen, click New.
  3. On Bills & Collections Insurance Company Maintenance screen, specify the fields, and then click Enter Query.
    For more information on the fields, refer to the below Field Description table.

    Table 2-6 Bills & Collections Insurance Company Maintenance - Field Description

    Field  
    Insurance Company Code Specify a unique code for each insurance company being defined in the system. The insurance company will be identified by this code throughout the system. This is mandatory information and if not provided, you will not be allowed to save the details of the company.

    You can use a maximum of 9 alphanumeric characters to create the company code.

    This field is mandatory.
    Insurance Company Name After specifying a unique code for the company, you can also specify the full name of the insurance company.
    Address Specify the mailing address of the insurance company being defined. You can maintain a maximum of four lines of address. Each line of address can accommodate a maximum of 105 alphanumeric characters.
    Telephone Number You can also capture the telephone number of the insurance company.
    Fax Number Specify the Fax number of the insurance company.

    Note:

    The insurance company will be available for association with Bill contracts only after you authorize the company details.
    Customer Id Specify the customer identification number of the insurance company under Account Details section. The adjoining option list displays all valid, open and authorized customers maintained in the system. You can select the appropriate one.
    Account Specify the customer account number of the insurance company. The adjoining option list displays all valid, open and authorized customer accounts attached to the chosen customer identification number. You can select the appropriate one.

    Based on the account specified, the branch in which the account resides is displayed alongside.
  4. On Bills & Collections Insurance Company Maintenance screen, click Fields.
    The User Defined Fields screen is displayed.

    Figure 2-11 User Defined Fields


    Description of Figure 2-11 follows
    Description of "Figure 2-11 User Defined Fields"

    You can link the User Defined Fields with Bills & Collections Insurance Company Maintenance screen using User Defined Fields Function Field Mapping Maintenance screen.

    Note:

    Value for UDF can be made mandatory or non mandatory as maintained in the Field description screen.
  5. To open this screen from the Application Browser, select Common Entity, then Maintenance and then UDF Function Field Mapping.

Parent topic: Insurance Company Details