This module will not be further enhanced. Support is limited to defect fixing only.

Introduction to Account Infrastructure

This module manages Qatar related posting restrictions which are applied at the account level based on the dormancy status of the account. Related reports are generated.

Click here to understand the terms and abbreviations used in this module.

Dormant Accounts

Banks need to update various inactivity status of an account, automatically. When there is no customer induced transaction or qualified activities for a certain period of time, the bank prefers to mark these accounts to a various inactive status like Inactive, Dormant or Unclaimed based on the duration of the account being inactive. Banks also need to automatically or manually reset the status of the account to active, when there is any customer-induced transaction or qualified activities in an inactive account.

Banks need to automatically transfer the balances in the dormant accounts to the internal accounts and close these accounts that do not have a customer-initiated transaction after a certain number of years. After the number of the years, the balances are transferred to an internal account depending on the banking rules and the regulations of the particular country.

Banks also need to mark the accounts with posting restriction when there is no customer induced activity for certain period of time. Also, banks need to generate reports for the accounts that are going to become dormant in one month or the accounts that are already dormant, for the accounts which are closed due to dormancy for a certain period of time and whose balances if any which are transferred to the internal account.

Using this functionality, banks are allowed to set up the dormancy statuses and to extract reports containing the accounts with various dormancy statuses and the details of the transactions that happened in an internal account when the account is closed due to unclaimed status.

Also, this functionality allows banks to apply posting restrictions on accounts when the accounts are in the dormancy status.

The following enquiries and versions are introduced as a part of this functionality:

• The QAACIN.DORMANCY.REPORT (Dormancy status enquiry) enquiry lists the accounts that are going to become dormant in one month, by giving the status as defined by the bank. The bank can also use this enquiry to fetch the details of the account that are dormant by giving appreciate dormancy status.
• The QAACIN.MAINTENANCE.REPORT enquiry displays the customer’s details for the accounts with the status manually changed to Active.
• The QAACIN.UNCLAIMED.GL enquiry lists the accounts that are dormant and whose unclaimed balances have been moved to unclaimed balances GL.
• The QAACIN.DORMANT.PARAM,INPUT version allows users to define the posting restriction for a particular dormant status.

Customer Info Capture and Regulatory Codes

This functionality allows banks to capture customer data and information relating to corporates (and other business entities) as required by regulatory authorities.

New configuration records are released as part of this functionality to capture the customer data and the information relating to the corporates (and other business entities) as required by the regulatory authorities.