2.1 Common Core Configuration
This section is designed to help you quickly setup Common Core configuration.
For more information on the configuration for the respective
feature, see section <Feature> in the Oracle Banking Common Core User Guide.
Table 2-1 Common Core Configuration
| Field | Description |
|---|---|
| Host Code | You can group branches in the same zone or region under a host for specific processing. You can have multiple hosts depending on processing requirements. |
| Country Code | You can configure country code. |
| Currency Definition | You can define the attributes of the currencies in which the bank
can deal. For each currency, you can define attributes such as, the SWIFT code for
the currency, the country the currency belongs, the interest method, the spot days,
the settlement days, and so on.
Currencies can be maintained only at the Head Office. The list of currencies are available to the branches based on the currencies defined for the country linked to the branch. |
| Currency Exchange Rate | You can maintain exchange rates for a currency pair, the rates at which you buy and sell one currency for another. A bank determines its buy and sell rate for a currency pair by applying a spread (that is, its profit margin) to the mid-rate of the currency pair. Mid-rate is the basic rate at which a currency pair is exchanged. |
| Currency Pair Definition | You can define the static attributes of currency pairs for which a
regular market quote is readily available.
For other pairs, which do not have a regular market quote, you need to specify the third currency through which the system should compute the exchange rate. The currency pair is maintained at the bank level by the Head Office branch. |
| Currency Rate Type | You can configure currency rate type. |
| Customer Category | You can configure a customer category. |
| ECA System | You can configure the External Credit Approval (ECA) system. |
| External Bank Parameters | You can configure bank level parameters. |
| BIC Directory | As part of setting up basic information, you must maintain Bank Identifier Codes (BIC). You can configure the BIC directory for a customer. |
| External Branch Parameters | You can configure branch level parameters. |
| External Chart Account | You can configure an external chart of accounts. |
| External Customer | You can configure the external customer details. |
| External Customer Account | You can configure the external customer account details. |
| Language Code | You can configure a language code. |
| Local Holiday | You can configure a local holiday. |
| Media | You can configure media information. |
| Transaction Code | You can configure the transaction code. |
| Upload Source | You can upload a source code. |
| Preference | You can configure upload source preference. |
Parent topic: Business Configuration