12.1.8 LCEOD Batch enhanced to support Liability Change Schedule
- To be processed during BOD
- To be processed during previous EOD, if processing date is a holiday
- Guarantees with Liability type as Time based to be processed :
- System will initiate Guarantee amendment with decrease in Contract amount when liability type is decrease
- System will initiate Guarantee amendment with increase in Contract amount when liability type is increase
- New event LAMS introduced to initiate liability change. Processing will be similar to amendment AMND.
- Maintenance:
- LAMS event should be defined for applicable products
- Accounting entries and Messages should be defined for LAMS event similar to AMND
- Processing will be similar to amendment ( AMND ) :
- LAMS will be version creation event.
- Liability change will be without Beneficiary Confirmation.
- Commission will be computed for the increased/decreased (similar to amendment AMND)
- Limit Tracking for increased / decreased amount (similar to amendment AMND)
- Collateral will be collected or refunded (similar to amendment AMND)
- Amendment advice, GUA_AMND_INSTR (MT767), will be generated
- Accounting entries will be generated based on maintenance
- Liability change schedules failed will be picked up during subsequent EODs.
Parent topic: Branch Parameters Details