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No Credit Days
The system processes the status change on OD account if there is no credit transaction into the
overdraft account for a specified number of days.
Example:
OD Utilization date: 01-Jan-2011
OD Limit:
10000 USD
Last Credit Date:
01-Feb-2011
Days after which Status Change should happen: 90 Days
In this example, the system modifies the customer account status based on the status rule maintenance,
since there is no credit transaction made into the OD account by 02-May-2011,
For OD Accounts, you can maintain the following rules for CROF and ‘SUSP’/’WOFF’ statuses of ‘Write-off’
processing:
Logical Operators
Logical Operators are indicators of certain conditions that you specify while building a rule. These
operators are used in combination with the elements discussed earlier. The following is a list of
logical operators that you would require to build a status rule:
AND
The conjunction ‘and’
OR
The conjunction ‘or’
>
Greater than
>=
Greater than or equal to (please note that there is no space
between the two symbols)
<
Less than
<=
Less than or equal to (please note that there is no space
between the two symbols)
<>
Not equal to (please note that there is no space between the
two symbols)
=
Equal to
Oracle FLEXCUBE allows data store for tracking of SOD debit interest due. During Interest
liquidation for debit interest, the system populates the SOD Debit Interest Due Data Store with the
Amount Due as debit interest for the SOD utilized amount and the due date of payment for the
interest amount.
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