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Lesson_3-Maintaining_Deposit_Arrangements

The document outlines procedures for maintaining deposit arrangements, including updating customer information, changing charge types, amending charges, and modifying deposit terms and interest rates. It details the steps required for authorizing changes and the implications of these modifications on deposit statuses and calculations. Additionally, it includes practical exercises for creating and funding term deposits, as well as amending interest rates.

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rodrigue christian toukam

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0% found this document useful (0 votes)

4 views

Lesson_3-Maintaining_Deposit_Arrangements

Uploaded by

rodrigue christian toukam

We take content rights seriously. If you suspect this is your content, claim it here.

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Download as PDF, TXT or read online on Scribd

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Maintaining Deposit

Arrangements

AA Deposits Foundation Part 2 (English)

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Warning: This document is protected by copyright law and international

treaties. Unauthorised reproduction of this document, or any portion of it, may
result in severe and criminal penalties, and will be prosecuted to the
maximum extent possible under law.

©2020 Temenos Headquarters SA - all rights reserved.

Lesson Overview

Updat Financi
I am
e al
going to
Activiti Activiti
describe
es es

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Update Activities » Changing Customer

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Update Activities » Changing Customer

New Owner is Mr
Gerling - 100336

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Maintaining Deposit Arrangements » Update Activities »
Change Customer
 Select
Approve
then
Authorise

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Update Activities » Charge Types
 Charge currency can also be, a currency other than the Arrangement
currency
 Charges default from Product conditions and can be changed if rules
permit negotiation.
 Up to 10,000 - Flat amount of $ 10
 Up to 50,000 - Level method 1%
 Up to 60,000 - Level method 2%
 Up to 75,000 - Band method 2.5% and
 Up to 90,000 - Band method Unit 0.01

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Update Activities » Charge Types
 Charges can be fixed amount or set to be calculated
 Can be set differently for different tiers of amount
 Calculation Type could be Flat, Fixed amount or a Percentage or a
multiplication Unit
 Minimum, maximum and free amounts could be indicated for each tier
 Can be calculated on Balances or Number of Transactions

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Update Activities » Amending a Charge

Activity List

 Select a Negotiable Deposit

to Amend a Charge

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Update Activities » Amending a Charge

 Old
Charge
Amount
 New
Charge
Amount

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Update Activities » Amending a Charge

Select Approve then

Authorise

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Update Activities » Changing the Term
 The Term of the Deposit can be changes. Open the Arrangement Overview
 Select New Activity
 Select Change Commitment Term under the TERM AMOUNT heading

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Update Activities » Changing the Term
 The COMMITMENT
Property is selected.

 Note the availability of the

other Properties –
Schedule, Renewal
Conditions, Agent
Commission

 Change Maturity
to 31 Dec 2020

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Update Activities » Changing the Term
 Select Approve
then Authorise

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Update Activities » Changing the Term

Authorisation

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Update Activities » Changing the Term

 Deposit now reflects the new Term and the new maturity date
 Maturity Date is calculated as the Effective date plus the Term.

 Once calculated, if we need to make a manual change, the field needs to

be nullified first

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Financial Activities » Changing Interest Rate

 Find the Deposit

 Specify the Customer Number as the Owner in the Selection
Fields
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Financial Activities » Changing Interest Rate

 Scroll down the list of activities and select Interest Calculation

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Financial Activities » Changing Interest Rate

Product Design will allow

negotiated change to Margin.
We will add a Margin of 0.1
1
The Periodic rate may also be
changed by the User

2 Validate then Commit

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Financial Activities » Changing Interest Rate
 Find Deposit
 Select the AUTHORISED tab as it is Activity that is not authorized NOT the
Deposit

 Select Approve
then Authorise

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Financial Activities » Changing Interest Rate

 The rate of 0.353 has

increased to 0.453 since
we added a margin of 0.1

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Financial Activities » Changing Interest Rate
 IF we now inquire on the Arrangement, and look in ARRANGMENT
CONDITIONS frame, we can see the new 2.333 rate is now on the
Deposit Arrangement

 When the value of these Floating or Periodic rates are changed, an End
of Day Process will make the change to the rate for all Arrangements
using that Floating or Periodic Index
 It is a business decision in the Product Design, whether the change should
apply to ALL arrangements or just NEW ones