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  • Open Contract Based Deposit (Corporate)

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    Ram Mohan Mishra
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    This document provides a summary of the process for opening a contract based deposit for a corporate customer. The process involves engaging with the customer, agreeing on deposit details, creating the interest bearing or discounted deposit, verifying and authorizing the deposit creation, generating accounting entries, producing a deposit advice, and handing over the advice to the customer. Once complete, the contract based deposit has been created for the corporate customer.

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    This document provides a summary of the process for opening a contract based deposit for a corporate customer. The process involves engaging with the customer, agreeing on deposit details, creating the interest bearing or discounted deposit, verifying and authorizing the deposit creation, generating accounting entries, producing a deposit advice, and handing over the advice to the customer. Once complete, the contract based deposit has been created for the corporate customer.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    2 views1 page

    Open Contract Based Deposit (Corporate)

    Uploaded by

    Ram Mohan Mishra
    This document provides a summary of the process for opening a contract based deposit for a corporate customer. The process involves engaging with the customer, agreeing on deposit details, creating the interest bearing or discounted deposit, verifying and authorizing the deposit creation, generating accounting entries, producing a deposit advice, and handing over the advice to the customer. Once complete, the contract based deposit has been created for the corporate customer.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    27/04/21 Open Contract Based Deposit (Corporate)

    TEMENOS Banking Reference Processes


    Open Contract Based Deposit (Corporate) Last change: 17-Mar-2021 12:05:15
    Type: EPC

    Manage Customer
    Create Customer
    Engagements
    Record (Corporate)
    (Corporate)

    Product details Product details


    agreed agreed

    Confirm sub-type Customer RM


    of deposit (Corporate)

    Floating/ Fixed Certificate of


    Discounted deposit
    rate deposits deposit

    LD.LOANS.A LD.LOANS.A LD.LOANS.A


    Create Interest Customer RM Create discounted Customer RM Create certificate Customer RM
    ND.DEPOSIT ND.DEPOSIT ND.DEPOSIT
    Bearing Deposit (Corporate) deposit (Corporate) of deposit (Corporate)
    S,DEP S,DISCDEP S,CD

    Deposit creation
    to be verified and
    authorised

    LD.LOANS.A Verify and


    Customer RM
    ND.DEPOSIT authorise deposit
    (Corporate)
    S,DEP.AUTH creation

    Generate accounting Debit: Transfer account


    LD entries Credit: Deposit contract
    SYS

    Generate advice Deposit Advice


    LD

    SYS

    Deposit Advice

    Hand over advice Customer RM


    to Customer (Corporate)

    Contract based
    deposit created

    Temenos R21 Proprietary & Confidential 1

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