Temenos Transact
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Overview
This section gives an overview about the event types.
Event type allows to add more events without any additional code. Event type should not be at a high level and generic as to be able to fit 100 events into one bucket.
The event types identified here does not cover every event that happens in a banking system and there are some exceptions to these patterns. The logical reason is to prevent this minority of exceptions from preventing the performance of the majority of most common events.
| For Credit | For Debit |
|---|---|
Whenever an account is credited, all of these events can be logically grouped under an Event Type called CR.TXN and supplemented with additional criteria based on values in the fields in respective STMT.ENTRY records.
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Whenever an account is debited, all these events are logically grouped under an Event Type called DR.TXN and supplemented with additional criteria based on values in respective fields of STMT.ENTRY records.
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You can group all the above into one type called TXN but that moves to the one level higher, which in turn increases the unnecessary processing that is done by TEC every time an event occurs.
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