Capitalization section

This section displays the capitalization parameters pre-defined at Setup > Contract screen.

The capitalization frequency defined at Contract level.

All the account balances are capitalized to principal in the same frequency except for Balance Frequency where different frequency may be defined for each balance type.

View the statement Consolidation indicator propagated from Origination > Funding screen or updated by posting Master Account - Statement Consolidation Indicator Maintenance non monetary transaction.

If checked, indicates that system generates consolidated billing statement at Master Account level along with details of all the associated accounts.

If unchecked, system generates billing statement to only current account.

The linked account number propagated from Origination after funding the application.

Also the Linked account Xref Number or Linked account Number sent as pat of Account Boarding will be updated at Linked account.

This field can also be updated by posting non-monetary transaction. For more information, refer to Linked Account Maintenance section.

If checked, indicates that the account is allowed to be closed once the account is paid off i.e. system closes the account after the number of days specified in the system parameter has elapsed.

If not checked, indicates that system does not close the account even if the account is paid off i.e. system keeps the accounts active so that the equity can be traded with other accounts. For information on accounts trading, refer to Appendix - Trading of Accounts chapter.

If checked, indicates that this account is skipped in Metro II batch job process and is not reported to credit bureau.

This option is auto updated either on funding an application based on Product Setup or on posting Skip Credit Bureau Reporting Maintenance non-monetary transaction.

If checked, indicates that asset repossession is allowed on SCRA account who is on active military duty.

This check box is not selected by default and is selected only when SCRA borrower on active military duty voluntarily offers financial institution to repossess the asset and REPOSSESSION MAINTENANCE non-monetary transaction is posted on the account.

Statement section

This section display the preferences for Mock Statement generation at Master Account level. The details here are propagated from Origination > Contract screen and can be updated using maintenance transaction. For more details, refer to Mock Statement Maintenance section in Appendix chapter.

The next date when Mock Statements is generated.

Note: While generating Mock Statement, system considers the Mock Statement Date and Pre Bill Days to generate the next Mock Statement Run Date. In case the Mock Statement Next Run Date is less than Contract Date or GL Date which does not match the criteria, system moves the Mock Start Date to same month of next year. For more details, refer to Mock Statement Maintenance section in Appendix chapter.

Stop correspondence indicator. If selected, indicates that account is excluded from sending letters or any other correspondence such as monthly statements.

This option is not selected by default and can be updated by posting Stop Correspondence at Account Level non-monetary transaction.

For an active Recurring ACH record, the payment mode is selected as AUTOPAY.

View the agreement number which is either propagated from Origination after funding the application or received from external system during account onboarding depending on the value of system parameter AUTO_GEN_AGREEMENT_NBR (AUTO GENERATE AGREEMENT NUMBER FOR ACCOUNT ONBOARDING).

Note: Using this, you can group all those accounts with a particular agreement number.