Trade – Common Features

  1. SWIFT 2023 changes
    • LC and BC screens enhanced to support SWIFT 2023 Standards.
      1. From Shipment details, To Shipment details, Port of Discharge, Port of Loading in LC Issuance, Amendment and Transfer screens enhanced to support 140z characters.
      2. Conventional and Islamic simulation screens enhanced to support the same.
      3. LC issuance, amendment and transfer related messages namely (MT705, MT700, MT710, MT707, MT720) enhanced to support SWIFT 2023 standards.
      4. Shipment From and Shipment To in Bills & Collections screen enhanced to support 140 characters.
    • Guarantee and SBLC screens enhanced to support SWIFT 2023 Standards.
      1. Supplementary Information Amount introduced in Guarantee issuance screen.
      2. Local Undertaking New Expiry Date introduced in Guarantee Claim lodgement screen.
      3. Conventional and Islamic simulation screens enhanced to support the same.
      4. Guarantee issuance, amendment and claim lodgement related messages namely (MT760, MT767, MT765) enhanced as per SWIFT 2023 standards
      5. ‘SWIFT_2023_ENABLED’ parameter to be enabled in CSTB_PARAM.
  2. MT798 – SWIFT related changes
    • System enhanced with options to suppress population of interbank details in MT798 detail and extension messages.
  3. Incoming Message Linkage
    • Provision to view incoming messages of contracts initiated from OBTFPM.
    • Provision to view incoming MT798 messages for contracts initiated from OBTFPM
  4. Advance by Loan Changes
    • OBCL product API enhanced with minimum and maximum loan tenor. Summary enabled to provide all OBCL product details. Validations introduced to ensure loan tenor is within minimum and maximum range.
    • Tenor derivation based on modified maturity date and maturity date derivation based on modified tenor
    • Exchange Rate in Settlement subsystem, if modified, will default to loan preference
  5. Common Entity – Increase Field Length
    • System enhanced to increase the field length of Branch Code, User ID, Customer Number, Customer Name, Account Number, Account Description, GL Code and Entity Code.
    • Branch code length can have minimum 3 chars maximum 6 chars
  6. GL Revaluation changes
    • Provision to maintain GL revaluation accounting entries in product
    • Provision to pass the maintained GL revaluation accounting details during accounting handoff of the transaction
  7. Common Accounting handoff
    • External Accounting is posted asynchronously to DDA system. When there is failure in accounting handoff, failed entries are posted to IFSTFERQ (Trade Finance Core Entity Error Queue). User can resubmit the request if required. System enhanced to generate unique reference number and provide the same in every retry request.
  8. OBTF Integration through OBRH (SaaS)
    • System enhanced to support integration with other product processors through OBRH
    • Integration Parameters Maintenance – IFDINPRM enhanced with new option OBRH in Communication Channel and new field Header Profile to capture profile details
    • Trade Finance External Service Maintenance – IFDTFXSE enhanced with new field Header Profile to capture profile details.
    • Trade Finance External System Maintenance – IFDTFEPM enhanced with new field Communication Type with values Default and OBRH and new field Header Profile to capture profile details.
  9. CASA/CD Linkage
    • Linkages enhanced with new tab namely CASA to retrieve CASA accounts and existing CASA/CD tab is renamed as Deposits to capture Corporate Deposits from FCUBS. APIs enhanced to support the same.

Parent topic: Release Enhancements