Download Settlements Oracle FLEXCUBE Universal Banking Release 11.3.1.0

Settlements
Table of Contents
1.
ABOUT THIS MANUAL................................................................................................................................ 1-1
1.1
1.2
1.3
1.4
1.5
1.6
2.
INTRODUCTION ........................................................................................................................................... 1-1
AUDIENCE .................................................................................................................................................. 1-1
ORGANIZATION .......................................................................................................................................... 1-1
CONVENTIONS USED IN THIS MANUAL ....................................................................................................... 1-1
GLOSSARY OF ICONS .................................................................................................................................. 1-2
RELATED DOCUMENTS ............................................................................................................................... 1-3
THE SETTLEMENTS SERVICE ................................................................................................................. 2-1
2.1
INTRODUCTION ........................................................................................................................................... 2-1
2.2
MAINTAINING BIC DIRECTORY DETAILS .................................................................................................... 2-1
2.2.1
Specifying BIC Code details .............................................................................................................. 2-2
2.2.2
Request for Transfer .......................................................................................................................... 2-5
2.2.3
Maintaining BIC directories .............................................................................................................. 2-5
2.2.4
BICPlusIBAN support ........................................................................................................................ 2-6
2.2.5
Uploading BIC files ......................................................................................................................... 2-10
2.2.6
Operations on a BIC record ............................................................................................................ 2-11
2.3
MAINTAINING ULTIMATE BENEFICIARY DETAILS ..................................................................................... 2-13
2.4
MAINTAINING MULTI MODE SETTLEMENT DETAILS .................................................................................. 2-14
2.5
CAPTURING SETTLEMENT PREFERENCES FOR A CUSTOMER ..................................................................... 2-17
2.5.2
Capturing Details of Parties Involved in Payments ......................................................................... 2-21
2.5.3
Capturing Details of Parties Involved in Receipts ........................................................................... 2-25
2.5.4
Capturing Cover details................................................................................................................... 2-28
2.5.5
Maintaining Local Clearing Details and Cover Details for Customer Settlement Instructions ...... 2-28
2.5.6
Specifying the default MT 103 details .............................................................................................. 2-31
2.6
THE SEQUENCE IN WHICH SETTLEMENT INSTRUCTIONS ARE RESOLVED ................................................... 2-32
2.7
PROCESSING SETTLEMENTS ...................................................................................................................... 2-33
2.7.1
Capturing Account Details .............................................................................................................. 2-35
2.7.2
Capturing Message Details for a contract ....................................................................................... 2-37
2.7.3
Capturing Party Details................................................................................................................... 2-41
2.7.4
Default MT 103 details .................................................................................................................... 2-47
2.7.5
Amending Settlement Details ........................................................................................................... 2-49
2.8
SWIFT MESSAGES HANDLED BY ORACLE FLEXCUBE ........................................................................... 2-49
2.8.1
Payment Message - MT 100 (103) ................................................................................................... 2-49
2.8.2
MT 100 (Customer Transfer) ........................................................................................................... 2-52
2.8.3
MT 102 (Consolidated Customer Transfer with Cover) .................................................................. 2-54
2.8.4
MT 200 (Financial Institution Transfer for its Own Account) ......................................................... 2-57
2.8.5
MT 202 (General Financial Institution Transfer) ............................................................................ 2-58
2.8.6
MT 205 (Financial Institution Transfer Execution) ......................................................................... 2-59
2.8.7
MT 202COV / 205COV .................................................................................................................... 2-59
2.8.8
MT 210 (Notice to Receive) ............................................................................................................. 2-62
2.8.9
MT 320 (Fixed Deposit Confirmation) ............................................................................................ 2-63
2.8.10
MT 300 (Foreign Exchange Confirmation) ..................................................................................... 2-65
2.8.11
MT 400 (Advice of Payment) ........................................................................................................... 2-66
2.8.12
Payment Message Generation for MT300/320 ................................................................................ 2-67
2.8.13
MT 756 (Advice of Reimbursement or Payment) ............................................................................. 2-67
2.8.14
MT 012 (ACK Status Acknowledgement) ......................................................................................... 2-68
2.8.15
MT 019 (NAK Status Acknowledgement) ......................................................................................... 2-68
2.8.16
MT110 (Advise of Cheque) .............................................................................................................. 2-70
2.8.17
MT 362 (Interest Rate Reset/Advice of Payment) ............................................................................ 2-72