Balance Maintenance

In case of deposits, bills captured can be adjusted and outstanding payable or expected amounts can be modified. Similarly in case of loans, the overdue bills can be adjusted.

<PL>-ADJUST.BILL-BALANCE.MAINTENANCE

Bank users can perform capture bill activity on a loan arrangement for which a full charge-off is done. Read Working with Loan Charge-off for more information.

Bills can be captured from the legacy system. In case of a loan, the user has to take over the overdue bills. In case of deposits and savings, the user needs to take over the expected and pay bills.

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Bank users can perform capture bill activity on a loan arrangement for which a full charge-off is done. Read Working with Loan Charge-off for more information.

The capitalised credit or debit interest bills settled in the legacy system can be captured using the Capture Historical Bill activity. This feature is supported only for Accounts product line.

ACCOUNTS -CAPTURE.HISTORIC.BILL -BALANCE.MAINTENANCE

The net movement for a given day is captured under the HIS<ACCOUNT> balance type to calculate the daily closing balances on the account. The interest movements from the historical interest bills adjust the running account and limit balances. These balances are updated under the following memo balance types with balance prefix ‘HIS’.

The below screenshot shows the AC.BALANCE.TYPE record for the HIS<ACCOUNT> balance type. The records for the other historical balance types can be configured with the same setup.

The ACCOUNTS-CAPTURE.HISTORIC.BAL-BALANCE.MAINTENANCE activity is applicable only for capturing the transaction movements and does not have any impact on the accounting entries in the customer statement.

Read Processing of Back Dated Schedules for more information.

• Balances captured can be increased, decreased or even adjusted to zero. It is possible to adjust more balances at a time in a single transaction.
• Balance Maintenance property shows balances as per the effective date of the adjustment Activity
• Allocation rules handles the other side of movement. Net movement between bills can be zero.

Memo Balances captured can be increased, decreased or even adjusted to zero using the ACCOUNTS-UPDATE.BALANCE-ARRANGEMENT activity class.

• After the Takeover arrangement is created (live contract captured in Temenos Transact), the balances in the CUR<Account> has to be captured. Instead of triggering the disbursement, the LENDING-CAPTURE.BALANCE-MAINTENANCE activity can be used to capture any balances. The system does not allow the user to capture the suspended balances.
• To bring the deposit arrangement account to credit balance (to bring it in sync with legacy system), the Capture Balance activity can be used . For this, the user has to mention the balance type and balance amount to be captured.
• The Adj Bal Type attribute can be used to specify the Balance type and New Bal Amt can be used to specify the amount.
• Along with balance type CUR<Account>, the accrued interest for the current period is also captured.

  <PL>-CAPTURE.BALANCE-.MAINTENANCE

• Matured contracts having overdue payments in legacy system can be taken over into Temenos Transact using the LENDING-TAKEOVER-ARRANGEMENT activity. Similar Activity Class is available for the Deposits and Savings Product Lines as well.
• In the Takeover Arrangement activity, the Orig Contract Date attribute is mandatory. This is used to record the original value date of the contract in the legacy system.
• The Amount attribute in Term Amount Property Class has to be set to ‘zero’ for takeover arrangements.
• For live contracts, in the takeover arrangement, the Amount attribute has to have the contract outstanding amount.
• For Deposit contracts, the outstanding current balance can be taken over from the legacy system. However, Deposit Takeover Arrangement activity does not raise any expected bill.