Introduction to Akcelerant Interface

It is assumed that the reader of this document is familiar with the navigation around Temenos Transact product and is familiar with the Temenos Transact AA Retail Account, FT and TT modules.

Collections extract is a daily banking process responsible for extracting all accounts (loans and deposits, retail or commercial) which belong to delinquent customers. The process runs as a part of COB and produces files before 6am daily. The files are later uploaded by Framework and are available for business users before 7am. The process extracts two files: Account file and Payment file.

• Account file contains a list of accounts for delinquent customers where there is a relation of any type between an account and a customer. The customer could be a primary owner, joint or a signer of an account.
• Payment file contains all financial transactions for extracted accounts which were posted in a banking system since the last payment file extract. This is a daily incremental file. For accounts extracted for the first time the payment file contains a list of all transactions posted during last 6 months.

A file that contains the delinquent account has to be extracted from the system on a daily basis. The possibility of a customer to become delinquent is listed below:

• Past due, when in a bank the balances of both accounts and arrangements (loan accounts) can become due for payment. When they are not paid on the due dates, they will become overdue amounts. These dues can arise in respect of principal, interest and charges on arrangements and accounts.
• The customer has withdrawn more than his available balance, account becomes overdrawn. The account can be savings or checking. The same will be shown in negative balance.
• When the limit has an expiry date and the limit amount. If the customer utilizes more than the limit amount account becomes overdrawn and shows in negative and subsequently delinquent.