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  • Perform Pre-Closure (LD)

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    Ram Mohan Mishra
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    The document describes the process for pre-closing a loan deposit (LD) account. It involves the following steps: 1) The customer requests to pre-close the LD deposit and provides documents; 2) The bank authenticates the customer and verifies the deposit account number; 3) If authenticated, the bank indicates the pre-closure in the system by inputting the pre-closure date and liquidation account; 4) The bank verifies and authorizes the pre-closure and generates the accounting entries to complete the pre-closure of the deposit.

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    The document describes the process for pre-closing a loan deposit (LD) account. It involves the following steps: 1) The customer requests to pre-close the LD deposit and provides documents; 2) The bank authenticates the customer and verifies the deposit account number; 3) If authenticated, the bank indicates the pre-closure in the system by inputting the pre-closure date and liquidation account; 4) The bank verifies and authorizes the pre-closure and generates the accounting entries to complete the pre-closure of the deposit.

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

    Perform Pre-Closure (LD)

    Uploaded by

    Ram Mohan Mishra
    The document describes the process for pre-closing a loan deposit (LD) account. It involves the following steps: 1) The customer requests to pre-close the LD deposit and provides documents; 2) The bank authenticates the customer and verifies the deposit account number; 3) If authenticated, the bank indicates the pre-closure in the system by inputting the pre-closure date and liquidation account; 4) The bank verifies and authorizes the pre-closure and generates the accounting entries to complete the pre-closure of the deposit.

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    © All Rights Reserved
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    of 1

    27/04/21 Perform Pre-Closure (LD)

    TEMENOS Banking Reference Processes


    Perform Pre-Closure (LD) Last change: 17-Mar-2021 12:05:15
    Type: EPC

    Customer
    requests to pre-
    close deposit

    Deposit Receipt

    Customer Request Receive request


    Customer RM
    to pre-close LD
    (Corporate)
    deposit

    incl. documents for


    Deposit pre-closure (e.g. COD)

    ENQ
    Authenticate Customer RM
    CUSTOMER.
    Customer (Corporate)
    CSM.CORP

    incl. Mandates/ Signatories

    Customer Customer not


    authenticated authenticated
    COS
    CUSTOMER.
    OVERVIEW...

    Inform Customer
    LD.LOANS.A
    Verify deposit Customer RM about Customer RM
    ND.DEPOSIT
    account number (Corporate) unsuccessful (Corporate)
    S,DEP.PRE...
    authentication

    Customer
    Deposit account informed about
    number verified failed
    authentication

    LD.LOANS.A Indicate LD
    Customer RM
    ND.DEPOSIT deposit pre-
    (Corporate)
    S,DEP.PRE... closure

    Input "Pre-closure date" as New maturity date,


    Principal liquidation account

    LD.LOANS.A Verify and


    Customer RM
    ND.DEPOSIT authorise LD pre-
    (Corporate)
    S,DEP.PRE... closure

    Generate accounting Debit: Deposit contract


    LD entries Credit: Principal liquidation account
    SYS

    Deposit pre-
    closure completed

    Temenos R21 Proprietary & Confidential 1

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