Facility
The Facility Property Class indicates the services that are available to the customer for an account. It allows the user to enable or disable the services at product or arrangement level.
Product Lines
The following Product Lines use the Facility Property Class:
- Accounts
- Deposits
- Lending
Property Class type
The Facility Property Class uses the following Property Class types:
- Dated
- Merge
- Non Tracking
- Variation
Property Type
The Facility Property Class is not associated with any Property Type.
Balance Prefix and Suffix
The Facility Property Class is not associated with balance prefix and suffix.
Attributes
The attributes of the Facility Product Condition are explained below.
Service Group
Specifies the Service name for which, availability is being defined.
- Vetting from AA.SERVICE virtual table
- This attribute cannot be input or edited at the arrangement level.
Availability
Controls whether the service is available or blocked or if it can be opted in by the customer
- Available Options: Available, Blocked, Optional
- This attribute cannot be input or edited at the arrangement level
Customer Option
When the SERVICE.AVAILABILITY attribute is set to optional, this attribute can be used by the customer at the arrangement level to indicate whether the service is required.
-
Available
values are:
- OPT-IN
- OPT-OUT (default value)
Restriction of service in Account
- A service can be blocked at a service group level using Facility Property Class.
- When an external Activity is triggered but the corresponding service group is blocked, system raises an error.
Events and Activities
- Event types trigger non-financial Activities in the arrangement based on evaluation of parameters in TEC.ITEMS. Such Activities are triggered under the ACCOUNTS-RECORD.EVENT-ARRANGEMENT Activity class enabling Non-Financial application(Action) interaction with AA
- AC.ACCOUNT.LINK-SERVICE Event evaluates the AC.ACCOUNT.LINK (Service) application ACCOUNT.FROM and ACCOUNT.TO. fields
- In the TEC.ITEM record RS.BENEFICIARY.OF.MAINTENANCE.SWEEP AR.MAINTAIN AC.SWEEP.TYPE is evaluated for usage of the account in ACCOUNT.TO
- A non financial ACCOUNTS-SETUP.MAINT.SWEEP.BENEFICIARY-ARRANGEMENT Activity is triggered under the ACCOUNTS-RECORD.EVENT-ARRANGEMENT Activity Class and this is grouped under the Maintenance Sweep group defined in AA.SERVICE virtual table.
- If the Activity is restricted any error or override is raised with in same transaction boundary
Read Activity Mapping Property Class user guide for more information.
Inline processing of Events and AA Activities
- Activities are raised by Events from service Applications.
- These activities are updated in the Activity log.
- Service setup fee can be configured through Activity Charges.
Add Facility Property to Existing Arrangements
The financial institutions can add the Facility property to the existing arrangements of the Accounts product line using the Add New Property, New Prop Avl, and New Prop Avl Date fields in AA.PRODUCT.MANAGER.
Read Add New Property for more information on the configuration.
Periodic Attribute Classes
The Facility Property Class is not associated with any Periodic Attribute Class.
Actions
Individual AA.PROPERTY.CLASS.ACTION records control which Product Line it’s associated with. The Facility Property Class supports the following actions:
| Action Name | Description |
|---|---|
| EVALUATE | To evaluate the existing facility on an account or evaluate for additional facilities. |
| UPDATE | Facility update is user initiated to update the Facility. This can result in re-evaluation of the exisiting Facility. |
Accounting Events
The Facility Property Class does not perform any Actions that generate Accounting events.
Limits Interaction
The Facility Property Class does not perform any Actions that impact the limits system.
In this topic