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  • Manage Mandates (Corporate)

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    Ram Mohan Mishra
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    A bank processes corporate mandates in three sentences or less: 1. A board resolution and completed application form are provided to authorize signatories for a corporate account. 2. Documents are checked for completeness and a signatory group is created linking customers to the group with validity periods if documents are in order. 3. Mandate details including required signatory groups are input and authorized to complete the mandate setup.

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    A bank processes corporate mandates in three sentences or less: 1. A board resolution and completed application form are provided to authorize signatories for a corporate account. 2. Documents are checked for completeness and a signatory group is created linking customers to the group with validity periods if documents are in order. 3. Mandate details including required signatory groups are input and authorized to complete the mandate setup.

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    © All Rights Reserved
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    3 views1 page

    Manage Mandates (Corporate)

    Uploaded by

    Ram Mohan Mishra
    A bank processes corporate mandates in three sentences or less: 1. A board resolution and completed application form are provided to authorize signatories for a corporate account. 2. Documents are checked for completeness and a signatory group is created linking customers to the group with validity periods if documents are in order. 3. Mandate details including required signatory groups are input and authorized to complete the mandate setup.

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    © All Rights Reserved
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    of 1

    27/04/21 Manage Mandates (Corporate)

    TEMENOS Banking Reference Processes


    Manage Mandates (Corporate) Last change: 17-Mar-2021 15:51:48
    Type: EPC

    Open Current
    Account
    (Corporate)

    Board Resolution Mandate provided


    by corporates

    Completed
    Application Form

    Authorised Check if the


    Signatories mandate is Customer RM
    complete and in (Corporate)
    order

    Documents
    Documents in order
    incomplete

    EB.SIGNATO Inform Customer


    Create signatory Customer RM Customer RM
    RY.GROUP,I to submit missing
    group (Corporate) (Corporate)
    NPUT documents

    The signatory customers linked to the


    group are specified along with validity period
    (start/end dates)

    COS Request returned


    Authorise Customer RM
    SIGNATORY.
    signatory group (Corporate)
    NAU

    Create Signatory
    EB Group

    SYS

    EB.MANDATE Input mandate Customer RM


    ,INPUT details (Corporate)

    Information on signatory groups


    required for authorisation of transactions
    up to a specified amount is specified

    COS
    Authorise Customer RM
    MANDATE.NA
    mandate details (Corporate)
    U

    EB Update Mandate

    SYS

    EB.MANDATE
    Create Mandate Corporate BO
    .APPLICATIO
    Application Group Support
    N.GROUP,I...

    - Mandate Application

    ENQ Authorise
    Corporate BO
    MANDATE.AP Mandate
    Support
    P.GROUP.N... Application Group

    Create Mandate
    EB Application Group

    SYS

    EB.MANDATE
    Create Mandate Corporate BO
    .REQUIREME
    Requirements Support
    NTS,INPUT

    - Application level (Customer/ Account/ Portfolio Level)


    - Application Id (Customer Id / Account Id/ Portfolio Id)
    - Application Group
    - Default Mandate Id

    ENQ Authorise
    Corporate BO
    MANDATE.RE Mandate
    Support
    Q.NAU Requirements

    Link Mandate and


    Mandate Application
    EB Group to Mandate
    Requirements
    SYS

    Mandate set up
    completed

    Temenos R21 Proprietary & Confidential 1

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