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1 Deposits of Legal Entities
The subsystem serves to automate transactions in the attraction of cash funds of legal entities, as well as non-banking financial institutions to short-term, long-term and demand deposits.
The subsystem enables you to tune various deposit products such as time deposit, advance deposit, deposit with interest capitalization, and operation in a checking account mode).
The subsystem supports the capability of tuning flexibly various aspects of transaction functioning (the engine of using expansion points). To determine and tune the parameters of transactions, the subsystem uses deposit types. Deposit types means grouped terms of cash funds attraction (the currency, term, rates, interest payment type, the possibility of interest capitalization, an irreducible balance, a minimum balance and maximum balance, etc.) offered by the bank. The employment of deposit types allows the establishment of a transaction to be simplified.
In handling transactions, the division of operation between the front office and the back office is maintained.
The Deposit of Legal Entities subsystem ensures the performance of the following operations:-
- Tuning a deposit type;
- The establishment of a transaction, inputting all the requisite parameters for record the transaction in the bank (an automatic opening of all the requisite accounts when establishing the transaction);
- Performing the following operations under the transaction:-
- Deposit attraction/return;
- Interest charge and payment;
- Deposit contract extension;
- The return of a part of the deposit amount;
- The calculation of a penalty interest schedule in the event of advanced repayment;
- The capability to produce reports when entering into a transaction (deposit contract and others)
- Tracking the passage of payment documents related to the transaction;
- The calculation of the effective interest rate, an amortization schedule;
- Discount amortization (by the straight-line method or in accordance with the schedule calculated based on the effective interest rate);
- The capability to produce intrabank reports (repository reports, a deposit portfolio, contracts entered into/performed for a period, an expected deposit flow, consolidated registers of documents related to deposits for a day, the deposit portfolio by time to maturity, an interest charge list)
- Recording withholding tax for a nonresident;
- Closing the transaction.
2 Loans of Legal Entities
The subsystem serves to automate transactions in lending to legal entities (short-term loans, long-term loans, lines of credit (credit facilities).
To determine and tune the parameters of transactions, the subsystem uses loan types. Loan types means grouped terms of giving money (the currency, term, rates, the purpose of loan, interest payment type, etc.) offered by the bank.
The Loans of Legal Entities subsystem ensures the performance of the following operations:-
- Tuning a loan type;
- Entry into a transaction, inputting all the requisite parameters for record the transaction in the bank;
- Performing the following operations under the transaction:
- The granting/repayment of a loan;
- Accounting for origination fees;
- Accounting for commitments;
- Accounting for loan loss allowances;
- Interest charge and payment;
- Bringing the loan for delay/prolongation;
- The distribution of the amount repayable from a correspondent's account;
- Accounting for and administration of fees and commissions related to a lending transaction;
- The calculation of the effective interest rate, an amortization schedule;
- Accounting for discount and its amortization (by the straight-line method or in accordance with the schedule calculated based on the effective interest rate);
- An automatic calculation of the level of servicing credit indebtedness;
- Accounting for counterparty's class (credit rating);
- Tracking the passage of payment documents related to the transaction;
- Closing the transaction and transfer it to the archive;
- The capability to produce intrabank reports (a loan portfolio, contracts entered into/performed for a period, an expected loan flow, consolidated registers of documents related to loans for a day, the loan portfolio by time to maturity, an interest charge list);
- The provision of requisite data to calculate and produce files of reporting to the National Bank of Ukraine.
In transactions of the Credit Facility type, the capability is provided for to perform the granting (tranches) in a currency which differs from the currency of credit limit.
3 Overdrafts
The subsystem serves to automate overdraft transactions (the permission to a customer to use the bank's resources within the limits on the customer's account) and ensures the performance of the following operations:-
- Presetting an overdraft limit for the customer's account;
- Recording overdraft liabilities (based on overdraft amount and term);
- Recording overdraft security;
- Recording the maximum period of time (in days) of an overdraft account active balance (overdraft period);
- Presetting the date till which overdraft is permitted;
- Recording interest rate with the schedule and mode of change (depending on the number of days of the overdraft period);
- Recording interest charge parameters:-
- Charge type, way, day;
- Payment way and day;
- An automatic payment feature (the payment of interest charged from an overdraft account when charging interest within the limit preset);
- Recording overdraft granting and use commissions, commitment commissions;
- An automatic calculation of the level of servicing credit indebtedness;
- Accounting for counterparty's class (credit rating);
- Tracking the passage of payment documents related to the transaction;
- Closing the transaction and transfer it to the archive;
- The capability to produce intrabank reports (a loan portfolio, contracts entered into/performed for a period, an expected loan flow, consolidated registers of documents related to loans for a day, the loan portfolio by time to maturity, an interest charge list);
- The provision of requisite data to calculate and produce files of reporting to the National Bank of Ukraine.
4 Transactions in Non-cash Foreign Currency
The subsystem ensures the automation of the following operations:-
- Processing the applications of the bank's customers for forex purchase/sale/conversion, as well as purchase/sale to/from the foreign currency position, an intrabank conversion;
Note: In processing applications received at ABS from iFOBS, transactions in customer forex purchase/sale/conversion may be created automatically.
- Keeping trading session by foreign currency, calculating a net position;
- Keeping trading session by currency pair, calculating a relative net;
- A centralized processing customer applications from the bank's branches in the Treasury of the Head Office;
- Producing postings to record operations performed:
- Commission calculation;
- Passing and, where required, the return of a coverage;
- Passing the result to the customer's account;
- Writing-off the coverage and transfer to pay commission to the Pension Fund and, where required, the return of an amount transferred in excess;
- Recording/writing in/off off-balance sheet accounts in the event of different dates of payment;
- The calculation of the trade result;
- Producing the requisite parameters for reporting to the National Bank of Ukraine;
- The division of work on FX transactions between units, from the front office to the treasury and back office;
- The storage of parameters (accounts, the details of the Pension Fund, commission parameters) required to process applications both individual for a counterparty and general for the bank;
- The capability of a centralized closing of a FX day (an automatic creation of postings to close transit accounts and to produce the document of the result).
5 L/C & Guaranties
The subsystem ensures the automation of the following operations:-
- Keeping information about import/export letters of credit and guarantees
- Changes in L/C terms, the authorization of changes
- The automation of postings related to L/C recording
- The generation of SWIFT messages
- Document receipt mark, making payments under L/C
- Charging fees and commissions related to L/C
- The audit of changes in transaction terms and conditions
- Producing reports
6 Factoring
This subsystem is engineered to automate the provision of services in selling accounts receivable to the bank by businesses operating with their customers under payment delay terms.
The subsystem enables you to accomplish the following tasks:-
- The input of the requisite contracts (a factoring contract, a supply contract) and recording the supply of goods (the provision of services) under payment delay terms;
- Checking the receivables from the customer with respect to supplies;
- The automation of charging interest, fees and commissions under the transaction;
- The establishment of limits and keeping reports (intrabank reports and statistical reports submitted to the National Bank of Ukraine);
- Sorting documents received for payment in accordance with its source (Debtor/Supplier) and the purpose of payment;
- Journaling changes in transaction parameters.
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