Criteria Based Condition

3.8.1 Criteria Based Condition

OFSLL supports various conditions on an Account with the ability for users to open and close required account conditions. A condition can either be posted automatically by the system (like updating DELQ delinquency condition on account) or manually through a transaction or call activity.

The Criteria Based Condition screen facilitates to automate the manual process of opening or closing conditions on account by defining criteria which helps to categorize specific accounts and post conditions on to those accounts in bulk.

For example,

You can define specific conditions to Send Letters, Post Transaction and so on if Account Maturity date is less than 90 days from current system date.
You can post a condition to allow Extension transactions on an account if 50% of financed amount is received.
When there is a natural calamity, you can post a condition to allow Extension transactions on Accounts belonging to that particular zip code.

However, note that the following conditions are controlled only by the system and cannot be defined to process automatically.

DELINQUENT
SCHEDULE FOR CHARGEOFF
PAYOFF/TERMINATION IN PROGRESS
NON ACCRUAL
BANKRUPTCY
DEFICIENCY
REPOSSESSION
FORECLOSURE

In the Criteria Based Condition screen, you can setup Criteria Definitions and define Actions to Open or Close a condition on account. This in-turn is processed during the execution of automated batch job QCCPRC_BJ_100_01 (CRITERIA BASED CONDITION POSTING) in SET-QCS batch job set and while executing the batch job QCCPRC_BJ_100_02 in SET_QRT batch job set.

At account level once the condition is opened/closed, system posts a comment with the Criteria definition details.

Figure 3-40 Criteria Definition details

Description of "Figure 3-40 Criteria Definition details"

This section consists of the following topics:

Parent topic: Queues