ORACLE FLEXCUBE Accelerator Pack Product Catalogue Term deposits Accelerator Pack Product Catalogue Page 1 of 28

Transcription

1 ORACLE FLEXCUBE Acceleratr Pack Prduct Catalgue Term depsits ORACLE FINANCIAL SERVICES Acceleratr Pack Prduct Catalgue Page 1 f 28

2 Table f Cntents Overview & Objectives... 4 Prduct Catalgue Term depsit with fixed rate Business Scenari Synpsis Detailed Cverage Accunt class - TDFIXD Rule definitin TDFX Prduct TDFX Additinal infrmatin Term depsit with flat rate Business Scenari Synpsis Detailed Cverage Accunt class TDFLOT Rule definitin TDFL Prduct TDFL Additinal infrmatin Term depsit with cmpunding rate Business Scenari Synpsis Detailed Cverage Accunt class - TDCOMP Rule Cverage TDCP Prduct TDCP Additinal infrmatin Recurring depsit Business Scenari Synpsis Detailed Cverage Accunt class RDACCT Rule Cverage RDAC Prduct RDAC Additinal infrmatin Aut depsit Business Scenari Synpsis Detailed Cverage Accunt class TDAUTO Rule Cverage TDFX Acceleratr Pack Prduct Catalgue Page 2 f 28

3 5.6. Prduct TDFX Additinal infrmatin Discunted depsit Business Scenari Synpsis Detailed Cverage Accunt class -TDDISC Rule Cverage TDDC Prduct TDDC Additinal infrmatin Term Depsit Other maintenances Pay-in parameter maintenance Clse mde fr TD UDF maintenance Dcument type maintenance Retail teller prduct maintenance Intermediary rule maintenance Intermediary prduct maintenance Intermediary UDE maintenance Pre-clsure factr maintenance Acceleratr Pack Prduct Catalgue Page 3 f 28

4 Overview & Objectives Term Depsits are the investments made in financial instruments fr a particular perid f time, called the maturity perid. After the end f the maturity perid, a fixed sum n pre-described rates f interest is given t the custmers. These term depsits can have fixed r flating interest rates. The fixed term depsit is the ne in which the bank accepts depsits frm the public that can be withdrawn after an agreed fixed time perid withut requiring t have a separate terminatin f the accunt. A flating term depsit is the ne in which the banks d nt ffer any guarantees n the rates f returns, as is the case with the fixed depsit.when the term is ver it can be withdrawn r it can be held fr anther term. Term Depsit mdule f FLEXCUBE supprts prcessing f prducts like, Nrmal term Depsits Recurring Depsits Discunted Depsits Denminated Depsits Aut Depsits Optins available t autmate peridic prcesses such as : Accrual n term depsits Liquidatin f interest Generatin f advices Maturity prcessing and transfer f prceeds Different types f interest prducts are supprted like, Fixed, Flating and Cumulative interest rates. Tp-up facility n existing depsit is als supprted during the tenr r during rllver. Acceleratr Pack Prduct Catalgue Page 4 f 28

5 Prduct Catalgue 1. Term depsit with fixed rate The Fixed Rate TD supprts all basic features that are needed fr a retail custmer n a term depsit. It prvides fixed interest rate, deducts tax n the interest paid and deducts penalty n premature withdrawal Business Scenari Custmers pen a fixed rate term depsit accunt fr a fixed perid f time and certificate f depsit are issued in ne r mre denminatins. On maturity, principal and interest will be paid t the custmer based n the payut instructin defined. Target audience / Beneficiaries: Individuals wh wants t pen depsit accunt Synpsis Bking f term depsit with fixed depsit amunt at a fixed rate fr a certain tenr Optin available t waive current accrued interest, during pre-clsure Tax withhding n the interest amunt liquidated FATCA tax als deducted, in additin t nrmal tax Penalty levied, if redeemed early (partial / full). Hwever waiver feasible Term Depsit Certificate generatin in denminatins is supprted 1.3. Detailed Cverage Depsits can be pened in USD, GBP & EUR currencies under this accunt class Depsits pened under this accunt class will, by default, have Tenr as 3 mnths Fixed interest rate f 10% Penalty rate f 2% n the amunt withdrawn Tax rate f 5% n interest earned FATCA tax f 30% n interest earned Clse n maturity Accunt can be pened within minimum and maximum amunt limit maintained Ccy-wise Mnth end depsit is supprted Interest liquidatin will happen quarterly Cluster Depsits bking supprted Maturity date, if falls n a hliday will be autmatically adjusted t previus wrking day based n the hliday treatment maintained Ntificatin t generate in 2 days befre maturity date 1.4. Accunt class - TDFIXD Accunt Class > Preferences Accunt Type Depsits Interest Charges Acceleratr Pack Prduct Catalgue Page 5 f 28

6 Track Accrued Interest Psting allwed Accunt Class > Depsits Accunt Details Rllver N Clse On Maturity Allw Partial Liquidatin Allw Partial Liquidatin with Amunt Blck Mve Interest T Unclaimed N Mve Principal t Unclaimed N Rate Chart Allwed N Denminated Depsits Tenr mdificatin N Rate chart allwed N Repick accunt class tenr n rllver N Hliday Calendar Branch hliday Hliday Mvement Previus wrking day Mvement acrss mnths Previus / next wrking day f same mnth Mnth end maturity depsit Maturity Ntice perid 2 Adhc hliday N actin Applicable depsit tenr Original tenr Cluster identificatin TDCLUS Allw Tp up f depsit N Rate cde STANDARD Rate type Buy/Sell Minimum Tenr 1 mnth Default Tenr 3 mnths Maximum Tenr 3 Years Accunt Class > Depsits amunt currency wise limits Currency Min amunt Max amunt GBP EUR USD Accunt Class > Denminated Depsits details Denminatin Currency Denminatin Id Denminatin descriptin value GBP 100GBP Hundred Pund 100 GBP 500GBP Five hundred pund 500 GBP 1000GBP Thusand Pund 1000 GBP 5000GBP Five Thusand Pund 5000 GBP 10000GBP Ten Thusand Pund EUR 100EUR Hundred Eur 100 EUR 500EUR Five hundred Eur 500 EUR 1000EUR Thusand Eur 1000 EUR 5000EUR Five Thusand Eur 5000 EUR 10000EUR Ten Thusand Eur Acceleratr Pack Prduct Catalgue Page 6 f 28

7 USD 100USD Hundred Dllar 100 USD 500USD Five hundred Dllar 500 USD 1000USD Thusand Dllar 1000 USD 5000USD Five Thusand Dllar 5000 USD 10000USD Ten Thusand Dllar Rule definitin TDFX IC Rule Features SDE s UDE s DEPOSIT_AMOUNT,DAYS,YEAR, DAYS_FROM_START,PENALTY_APPLY, PENALTY_BASIS,WAIVE_INTEREST, FATCA_RECALCITRANT,FATCA_US_SOUR CED,FATCA_GRANDFATHERED, FATCA_EXT_CUST TERM_RATE,TD_PNL TAX_RATE,FATCA_TAX Frmu la N Rule Definitin Accru al Type Cnditin Result 1 Bk (DEPOSIT_AMOUNT>0) AND (WAIVE_INTEREST)=0 2 N Bk PENALTY_APPLY = 1 3 N Tax FORMULA1 >0 4 N Tax 1.(FATCA_RECALCITRANT=1) (FATCA) AND(FATCA_US_SOURCED=1) AND (FATCA_GRANDFATHERED=0) AND (FATCA_EXT_CUST=0) AND (FORMULA1>0) 2. (FATCA_RECALCITRANT=1) AND(FATCA_US_SOURCED=1) AND (FATCA_GRANDFATHERED=0) AND (FATCA_EXT_CUST=1) AND (FORMULA1>0 5 Bk DEPOSIT_AMOUNT>0 AND TERM_RATE<0 (DEPOSIT_AMOUNT *DAYS*TERM_RATE) /(YEAR*100) (PENALTY_BASIS*TD _PNL*DAYS_FROM_ START)/(YEAR*100) FORMULA1 * (TAX_RATE /100) FORMULA1 * (FATCA_TAX /100) (DEPOSIT_AMOUNT *DAYS*ABS(TERM_ RATE))/(100*YEAR) 1.6. Prduct TDFX Prduct Cde Descriptin Prduct Type Prduct Grup Prduct grup descriptin Depsit Prduct Features TDFX Fixed rate depsit Interest IC Interest and Charges Y Acceleratr Pack Prduct Catalgue Page 7 f 28

8 Bking accunt type IC Rule IC Rule descriptin Interest TDFX Depsit simple interest rule Main Interest UDE Prduct Level Accrual Frequency Payment Methd Liquidatin cycle Defer Liquidatin Liquidatin at Mnth ends Back Value Recalculatin Flag Start frm accunt Opening Redemptin Advice Required Prduct Preference TERM_RATE Mnthly Bearing 3 mnths N N Special cnditin nly Accunt Classes Mapping Rate change at Liquidatin Accunt class Currency Rate change n Rllver TDFIXD GBP N N TDFIXD USD N N TDFIXD EUR N N Cntinue Variance n rllver 1.7. Additinal infrmatin Issuer cde DNDP is maintained and attached t stck catalg cde Stck Catalg cdes DENOMGBP, DENOMEUR and DENOMUSD are maintained fr instrument type Denminated depsit certificate NOTIFY_TD_MAT is installed t branch Acceleratr Pack Prduct Catalgue Page 8 f 28

9 2. Term depsit with flat rate The flating rate depsit prvides fluctuating interest based n mney market rates. The rates are maintained based n amunt slab, effective date, tenr and currency f the depsit. Whenever a partial redemptin r rllver r any rate pick up event happens n a TD, the current prevailing interest rate, frm LDMM maintenance, is picked up and applied n the depsit Business Scenari Depsitrs wuld enjy variable interest rates fr fixed perid f time. Target audience / Beneficiaries: Individuals r crprate wh wants t pen depsit accunt Synpsis Cumulative interest rates are supprted during bking / tp-up / liquidatin / redemptin / rllver, based n a custmer s hlding f multiple depsits under same accunt class and Ccy Opening f term depsit as gal accunt is als supprted and ntificatin will be generated based n the frequency defined Accunt will be aut clsed, if n activity happens n accunt, fr the days defined Tp-up f term depsits are supprted in multiples f tp-up units Tenr amendment during the term is supprted Rllver based n different tenr is supprted Cntinue variance n rllver is supprted 2.3. Detailed Cverage Accunts can be pened in USD, EUR, KWD and GBP currencies as cnfigured at IC prduct Depsits pened under this accunt class will, by default, have: Tenr as 5 mnths Rlled ver n maturity date Tp-up f term depsits in 500 tp-up units Cumulative interest rates Penalty rate f 2% n the amunt withdrawn Tax rate f 5% n interest earned Accunt can be rlled ver n maturity date with principal amunt r principal + Interest r principal + interest + tp-up amunt based n user instructins Term Depsit Certificate generatin as instrument is supprted Maturity date will be adjusted t next wrking day autmatically based n the hliday treatment defined Different rates are picked up during pre clsure (partial / full) n redemptin and remaining amunt based n the interest rate n redemptin maintained Interest adjustment based n penalty factr defined at accunt class. Acceleratr Pack Prduct Catalgue Page 9 f 28

10 TD rate cdes TDRATEGBP, TDRATEUSD, TDRATEKWD and TDRATEEUR are maintained and attached t interest rate UDE, TERM_RATE 2.4. Accunt class TDFLOT Accunt Class > Preferences Accunt Type Depsits Interest Charges Track Accrued Interest N f days fr clsing accunt with n 365 activity N f days after which ntificatin t be 31 sent if n activity Frequency Mnthly Accunt Class > Depsits Accunt Details Rllver Clse On Maturity N Allw Partial Liquidatin Allw Partial Liquidatin with Amunt Blck Mve Interest T Unclaimed N Mve Principal t Unclaimed N Rate Chart Allwed Rate chart tenr Days Grace Perid fr Renewal 3 Interest rate based n cumulative Repick accunt class tenr n rllver Tenr mdificatin Hliday Calendar Bth branch & Currency hlidays Hliday mvement Next wrking day Mvement acrss mnths Adhc hliday change Applicable depsit tenr Allw Tp-up f depsit Interest rate fr tp-up Blck duratin after pening date Blck duratin befre maturity date Rate fr redemptin amunt Rate fr remaining amunt Pre-Clsure Factr ID Pre-Clsure Factr Based On Rate cde Rate type Minimum Tenr Default Tenr Maximum Tenr Allwed Change and generate advice Depsit tenr Tp-up date 1 mnth 15 days As n Redemptin date As n Revisin events PREFACT1 Latest Effective date Cash Mid 1 mnth 5 mnths 7 years Accunt Class > Depsits amunt currency wise limits Currency Min amunt Max amunt Tp up Units GBP EUR Acceleratr Pack Prduct Catalgue Page 10 f 28

11 KWD USD Rule definitin TDFL IC Rule Features SDE s UDE s DEPOSIT_AMOUNT, DAYS, YEAR, DAYS_FROM_START, PENALTY_APPLY, PENALTY_BASIS, PRE_CLS, PRE_CLS_FACT TERM_RATE(Type - Rate Cde as Rate), TD_PNL, TAX_RATE Rule Definitin Frmula N Accrual Type Cnditin Result 1 Bk 1 Bk PRE_CLS=1 (DEPOSIT_AMOUNT>0) AND (PRE_CLS=0) 2 N Bk PENALTY_APPLY = 1 3 N Tax FORMULA1 >0 (DEPOSIT_AMOUNT*DAY S*TERM_RATE)/(YEAR*1 00) (DEPOSIT_AMOUNT*DAY S*(TERM_RATE*PRE_CLS _FACT))/(YEAR*100) (PENALTY_BASIS*TD_PN L*DAYS_FROM_START)/( YEAR*100) FORMULA1 * (TAX_RATE /100) 2.6. Prduct TDFL Prduct Cde Descriptin Prduct Type Prduct Grup Prduct grup descriptin Depsit Bking accunt type IC Rule IC Rule descriptin Prduct Features TDFL Flating rate depsit Interest IC Interest and Charges Y Interest TDFL Flating rate depsit rule Main Interest UDE Prduct Level Accrual Frequency Payment Methd Liquidatin cycle Defer Liquidatin Liquidatin at Mnth ends Back Value Recalculatin Flag Start frm accunt Opening Redemptin Advice Required Prduct Preference TERM_RATE Mnthly Bearing Mnthly N N Acceleratr Pack Prduct Catalgue Page 11 f 28

12 Special cnditin nly Accunt Classes Mapping Accunt class Currency Rate change at Liquidatin Rate change n Rllver TDFLOT GBP TDFLOT EUR N TDFLOT KWD N N TDFLOT USD Cntinue Variance n rllver 2.7. Additinal infrmatin Issuer cde TDDP is maintained and attached t stck catalg cde Stck Catalg cde TDCERT is maintained fr instrument type Term depsit certificate TDRE, a separate prduct fr redemptin with Redemptin allwed enabled, is maintained CGTD, a separate clearing prduct is maintained fr TD pening thrugh cheque Penalty factr PREFACT1 is maintaintained at STDPCMNT fr penalty factr applicatin. Acceleratr Pack Prduct Catalgue Page 12 f 28

13 3. Term depsit with cmpunding rate This depsit prvides custmers cmpunding interest. The interest amunt gets cmpunded t the principal mnthly, based n the interest cmpunding frequency and the custmer enjys better interest cmpared t simple interest. It prvides fixed interest rate, deducts tax n the interest paid Business Scenari Custmers pen a fixed rate term depsit accunt cmpunded mnthly fr a fixed perid f time. Target audience / Beneficiaries: Individuals r crprate wh wants t pen depsit accunt 3.2. Synpsis Fixed interest rate applied n the depsit balance Tax n the interest amunt Interest rate cmpunded mnthly 3.3. Detailed Cverage As accrual frequency is mnthly, interest accrued in a mnth, gets added with Principal, t arrive the interest fr the next mnth TD accunts can be pened in GBP, USD & EUR currencies, defined at the IC prduct Depsitrs pening accunt under this class will have by default, Default tenr f 3 mnths Fixed interest rate f 10% Interest cmpunding frequency as 30 Tax rate f 5% n interest earned Accunt will get rlled ver n maturity 3.4. Accunt class - TDCOMP Accunt Type Interest Charges Track Accrued Interest Accunt Class > Preferences Depsit Accunt Class > Depsits Accunt Details Rllver Clse On Maturity N Allw Partial Liquidatin Allw Partial Liquidatin with Amunt Blck Mve Interest T Unclaimed N Mve Principal t Unclaimed N Tenr mdificatin N Repick accunt class tenr n rllver N Rate Chart Allwed N Hliday Calendar Ignre Hliday mvement N change Mvement acrss mnths N change Adhc hliday N actin Acceleratr Pack Prduct Catalgue Page 13 f 28

14 Rate cde Rate type Applicable depsit tenr Minimum Tenr Default Tenr Maximum Tenr STANDARD Buy/Sell Original tenr 1 mnth 5 days 3 mnths 7 years 3.5. Rule Cverage TDCP Accunt Class > Depsits amunt currency wise limits Currency Min amunt Max amunt GBP EUR USD IC Rule Features SDE s UDE s DEPOSIT_AMOUNT, DAYS, YEAR INT_RATE, INT_COMP_FREQ, TAX_RATE Rule Definitin Frmula N Accrual Type Cnditin Result 1 N Nn Bk DEPOSIT_AMOUNT>0 (INT_RATE* INT_COMP_FREQ)/ YEAR 2 N Nn Bk DEPOSIT_AMOUNT>0 DAYS/ INT_COMP_FREQ 3 Bk 1.DAYS>=INT_COMP_FREQ 2. DAYS<INT_COMP_FREQ 1.( DEPOSIT_AMOUNT * POWER((1+( FORMULA1/100)), FORMULA2))- DEPOSIT_AMOUNT 2.(DEPOSIT_AMOUNT*INT _RATE*DAYS)/(YEAR*100) 4 N Tax FORMULA3>0 FORMULA3*(TAX_RATE/10 0) 3.6. Prduct TDCP Prduct Cde Descriptin Prduct Type Prduct Grup Prduct grup descriptin Depsit Bking accunt type IC Rule IC Rule descriptin Prduct Features TDCP Cmpunding prduct Interest IC Interest and Charges Y Interest TDCP Cmpunding depsit rule Acceleratr Pack Prduct Catalgue Page 14 f 28

15 Main Interest UDE Prduct Level Accrual Frequency Payment Methd Liquidatin cycle Defer Liquidatin Liquidatin at Mnth ends Back Value Recalculatin Flag Start frm accunt Opening Redemptin Advice Required Prduct Preference INT_RATE Mnthly Bearing 3 mnths N Special cnditin nly Accunt Classes Mapping Accunt class Currency Rate change at Liquidatin Rate change n Rllver TDCOMP GBP N N N TDCOMP EUR N N N TDCOMP USD N N N Cntinue Variance n rllver 3.7. Additinal infrmatin The interest cmpunding frequency is cnfigured as UDE rate type, number Acceleratr Pack Prduct Catalgue Page 15 f 28

16 4. Recurring depsit The Recurring depsit prvides a retail custmer all basic features needed n a recurring depsit. The custmer, wh likes t pen a recurring depsit, pays a fixed amunt as mnthly installment. It prvides fixed interest and deducts tax n the interest paid and deducts penalty n unpaid installments n due date Business Scenari Depsitrs pen recurring depsits fr fixed perid. On maturity, installment amunt and interest will be credited t the payut accunt. Target audience / beneficiaries are the individuals wh wants t pen recurring depsit accunt Synpsis Fixed installment amunt Fixed perid f time Premature Clsure f the accunt is allwed Partial redemptin is nt allwed fr the RD accunts Fixed interest rate n the installments paid and tax is calculated n the interest liquidated Penalty impsed fr Installment Overdue 4.3. Detailed Cverage Accunt can be pened in GBP, USD and EUR Ccy s Accunt t be pened with minimum installment amunt f 500 in accunt currency Depsitrs pening accunt under this class have fllwing features, Default tenr f 5 mnths Default installment frequency f 1 mnth Fixed interest rate f 10% Overdue penalty rate f 2% n the late installments paid Tax rate f 5% n interest earned Accunt will get clsed n maturity 4.4. Accunt class RDACCT Accunt Type Interest Charges Track Accrued Interest Accunt Class > Preferences Depsit Accunt Class > Depsits Accunt Details Rllver N Clse On Maturity Allw Partial Liquidatin N Allw Partial Liquidatin with Amunt N Mve Interest T Unclaimed N Mve Principal t Unclaimed N Acceleratr Pack Prduct Catalgue Page 16 f 28

17 Tenr mdificatin N Repick accunt class tenr n rllver N Rate Chart allwed N Hliday calendar Ignre Hliday mvement N change Mvement acrss mnths N change Adhc hliday N actin Rate cde CASH Rate type Mid Minimum Tenr 1 mnth Default Tenr 5 mnths Maximum Tenr 5 years Recurring Depsit Mve funds n verdraft Minimum Schedule days 10 Maximum Schedule days 100 Minimum installment amunt 500 Installment frequency 1 mnth 4.5. Rule Cverage RDAC IC Rule Features SDE s UDE s DEPOSIT_AMOUNT, DAYS, YEAR, RD_INSTALL_DUE, RD_OVERDUE_DAYS TERM_RATE, OVERDUE_PENALTY,TAX_RATE Rule Definitin Frmula N Accrual Type Cnditin Result 1 Bk DEPOSIT_AMOUNT>0 (DEPOSIT_AMOUNT*DAYS*T ERM_RATE)/(YEAR*100) 2 N Bk RD_INSTALL_DUE>0 (RD_INSTALL_DUE*RD_OVER DUE_DAYS*OVERDUE_PENAL TY)/(YEAR*100) 3 N Tax FORMULA1>0 FORMULA1*(TAX_RATE/100) 4.6. Prduct RDAC Prduct Cde Descriptin Prduct Type Prduct Grup Prduct grup descriptin Depsit Bking accunt type IC Rule IC Rule descriptin Prduct Features RDAC Recurring depsit Interest IC Interest and Charges Y Interest RDAC Recurring depsit rule Acceleratr Pack Prduct Catalgue Page 17 f 28

18 Main Interest UDE Prduct Level Accrual Frequency Payment Methd Liquidatin cycle Defer Liquidatin Liquidatin at Mnth ends Back Value Recalculatin Flag Start frm accunt Opening Redemptin Advice Required Prduct Preference TERM_RATE Mnthly Bearing 3 mnths N N N Special cnditin nly Accunt Classes Mapping Accunt class Currency Rate change at Liquidatin Rate change n Rllver RDACCT GBP N N N RDACCT EUR N N N RDACCT USD N N N Cntinue Variance n rllver 4.7. Additinal infrmatin Stck Catalg cde TDCERT is maintained fr instrument type Term depsit certificate TDRD, manual payment RT prduct is defined Acceleratr Pack Prduct Catalgue Page 18 f 28

19 5. Aut depsit The Aut depsit facilitates custmers t bk and break depsits in case the savings accunt balance exceeds / falls belw the minimum amunt specified. If the savings accunt has mre balance than the expected minimum balance defined, then the same wuld be swept ut t bk a depsit accunt fr a fixed perid f time based n the depsit instructins / tenr at accunt class. In the same way, if the balance available is less than the debit amunt, then it breaks the depsits bked and sweeps in mney back t savings accunt Business Scenari Retail custmer wh wants t enjy the depsit interest rate, if the balance amunt in the saving accunts exceeds certain limit (defined in the accunt class) pen this depsit. The amunt greater than minimum balance wuld be swept ut frm the saving accunt and wuld bk a depsit accunt. Target audience / Beneficiaries: Retail Individual high net wrth custmers Synpsis Aut depsit instructins have been maintained Minimum Balance required in saving accunts will be maintained and any balance abve the minimum balance will be swept ut fr depsits as per instructins Custmer earns interest n the depsits bked Sweep parameters sweep-in and reverse sweep-in are enabled at accunt class and aut linkage f aut depsit t saving accunt is supprted 5.3. Detailed Cverage Accunts can be pened in GBP, EUR and USD currencies, as cnfigured at IC prduct Accunt can be pened within minimum and maximum amunt limit maintained fr a fixed amunt as per custmer instructins Accunt will get pened with fixed default tenr r as per depsit instructins Depsits pened under this accunt class will, by default, have Fixed interest rate f 10% Penalty rate f 2% n the amunt withdrawn Tax rate f 5% n interest earned FATCA tax f 30% n interest earned Accunt will get clsed n maturity date with principal amunt 5.4. Accunt class TDAUTO Accunt Type Interest Charges Track Accrued Interest Accunt Class > Preferences Depsits Acceleratr Pack Prduct Catalgue Page 19 f 28

20 Accunt Class > Depsits Accunt Details Rllver N Clse On Maturity Allw Partial Liquidatin Allw Partial Liquidatin with Amunt Blck Mve Interest T Unclaimed N Mve Principal t Unclaimed N Hliday calendar Branch Hliday mvement Next wrking day Mvement acrss mnths N change Adhc hliday N actin Rate Chart Allwed N Allw tp up f depsit N Minimum Tenr 1 mnth Maximum Tenr 3 years Default Tenr 2 mnths 5.5. Rule Cverage TDFX Accunt Class > Depsits amunt currency wise limits Currency Min amunt Max amunt GBP EUR USD IC Rule Features SDE s UDE s DEPOSIT_AMOUNT,DAYS,DAYS_FROM_S TART,PENALTY_APPLY, PENALTY_BASIS,TENOR, WAIVE_INTEREST, FATCA_RECALCITRANT,FATCA_US_SOUR CED,FATCA_GRANDFATHERED, FATCA_EXT_CUST TERM_RATE, TD_PNL, TAX_RATE Frmu la N Rule Definitin Accru al Type Cnditin Result 1 Bk (DEPOSIT_AMOUNT>0) AND (WAIVE_INTEREST)=0 2 N Bk PENALTY_APPLY = 1 3 N Tax FORMULA1 >0 4 N Tax 1.(FATCA_RECALCITRANT=1) (FATCA) AND(FATCA_US_SOURCED=1) AND (DEPOSIT_AMOUNT*DAY S*TERM_RATE)/(YEAR*1 00) (PENALTY_BASIS*TD_PN L*DAYS_FROM_START)/( YEAR*100) FORMULA1 * (TAX_RATE /100) FORMULA1 * (TAX_RATE /100) Acceleratr Pack Prduct Catalgue Page 20 f 28

21 (FATCA_GRANDFATHERED=0) AND (FATCA_EXT_CUST=0) AND (FORMULA1>0) 2. (FATCA_RECALCITRANT=1) AND(FATCA_US_SOURCED=1) AND (FATCA_GRANDFATHERED=0) AND (FATCA_EXT_CUST=1) AND (FORMULA1>0) 5.6. Prduct TDFX Prduct Cde Descriptin Prduct Type Prduct Grup Prduct grup descriptin Depsit Bking accunt type IC Rule IC Rule descriptin Prduct Features TDFX Fixed rate depsit Interest IC Interest and Charges Y Interest TDFX Depsit simple interest rule Main Interest UDE Prduct Level Accrual Frequency Payment Methd Liquidatin cycle Defer Liquidatin Liquidatin at Mnth ends Back Value Recalculatin Flag Start frm accunt Opening Redemptin Advice Required Prduct Preference TERM_RATE Mnthly Bearing 3 mnths N N Special cnditin nly Accunt Classes Mapping Rate change at Liquidatin Accunt class Currency Rate change n Rllver TDAUTO GBP N N N TDAUTO EUR N N N TDAUTO USD N N N Cntinue Variance n rllver 5.7. Additinal infrmatin TDAUTO, aut depsit accunt class is attached t saving accunt classes, SAVCA and SAVCAR SAVCA accunt class is cnfigured with aut depsit sweep mde as Aut SAVCAR accunt class is cnfigured with aut depsit sweep mde as Manual Sweep in is enabled at SAVCA accunt class Acceleratr Pack Prduct Catalgue Page 21 f 28

22 Sweep in and reverse sweep in are enabled at SAVCAR accunt class Aut depsit instructins maintained fr SAVCA and SAVCAR are belw: SAVCA - Aut Depsits Instructins Default Aut depsit accunt Class TDAUTO Tracnsatin cde DPN Currency GBP Minimum required balance 1000 Break depsit first Rate cde STANDARD Rate type Mid Sweep mde Aut Break methd LIFO Prvide interest n brken depsit Depsit accunt class restrictins Disallwed SAVCAR - Aut Depsits Instructins Default Aut depsit accunt Class TDAUTO Transactin Cde DPN Currency GBP Minimum Required Balance 1000 Break Depsit First Def Rate Cde STANDARD Def Rate Type Mid Sweep Mde Manual Break Methd FIFO Prvide Interest On Brken Depsit Depsit accunt class restrictins Disallwed Acceleratr Pack Prduct Catalgue Page 22 f 28

23 6. Discunted depsit The Discunted depsits pay interest t the custmers upfrnt fr the defined tenr. Amunt blck placed n the advance interest paid, t avid withdrawal. In case f premature redemptin (full / partial), the excess interest paid is recvered frm the custmer. Penalty is charged n premature withdrawal. Tax is cllected upfrnt n the interest paid Business Scenari Custmers pen depsit accunts fr a fixed perid f time r term and cllects the interest upfrnt. Target audience / Beneficiaries: Individuals wh wants t pen a discunted depsit accunt Synpsis Bking f depsit with fixed amunt slab Withdrawal is allwed befre the end f the depsit term with a penalty charge and recvery f interest back frm custmer Depsitrs get interest at the time f bking Rllver with different tenr is supprted 6.3. Detailed Cverage Accunts can be pened in GBP, USD and EUR Ccy s Accunt can be pened within minimum and maximum amunt limit maintained, Ccywise Depsits pened under this accunt class will, by default, have Tenr as 4 mnths Fixed interest rate f 10% Penalty rate f 2% n the amunt withdrawn Tax rate f 5% n interest earned Accunt will have a maximum tenr f 3 years Variance specified at accunt will be cntinued n rllver Amunt Blck will be placed n the TD fr the interest amunt with hld Cde as Discunted Maturity date will be adjusted t next wrking day based n the hliday treatment defined Redemptin advice will be generated 6.4. Accunt class -TDDISC Accunt Type Interest Charges Track Accrued Interest Accunt Class > Preferences Depsit Rllver Accunt Class > Depsits Accunt Details Acceleratr Pack Prduct Catalgue Page 23 f 28

24 Clse On Maturity Allw Partial Liquidatin Allw Partial Liquidatin with Amunt Blck Mve Interest T Unclaimed Mve Principal t Unclaimed Repick accunt class tenr n rllver Rate Chart Allwed Tenr mdificatin Interest rate based n cumulative amunt Mnth end maturing depsit Denminated depsit Hliday Calendar Hliday mvement Mvement acrss mnths Adhc hliday Allw tp up t depsit Rate cde Rate type Minimum Tenr Default Tenr Maximum Tenr N N N N N N N N Branch hliday Next wrking day Allwed Generate advice N STANDARD Buy/Sell 1 mnth 4 mnths 3 years 6.5. Rule Cverage TDDC Accunt Class > Depsits amunt currency wise limits Currency Min amunt Max amunt GBP EUR USD IC Rule Features SDE s UDE s DEPOSIT_AMOUNT, DAYS, YEAR, DAYS_FROM_START, PENALTY_APPLY, PENALTY_BASIS TERM_RATE,TD_PNL,TAX_RATE Rule Definitin Frmula N Accrual Type Cnditin Result 1 Bk (DEPOSIT_AMOUNT>0) (DEPOSIT_AMOUNT*DAY S*TERM_RATE)/(YEAR*1 00) 2 N Bk PENALTY_APPLY = 1 (PENALTY_BASIS*TD_PN L*DAYS_FROM_START)/( YEAR*100) 3 N Tax FORMULA1 >0 FORMULA1 * (TAX_RATE /100) Acceleratr Pack Prduct Catalgue Page 24 f 28

25 6.6. Prduct TDDC Prduct Cde Descriptin Prduct Type Prduct Grup Prduct grup descriptin Depsit Bking accunt type IC Rule IC Rule descriptin Prduct Features TDDC Discunted depsit Interest IC Interest and Charges Y Interest TDDC Discunted depsit rule Main Interest UDE Prduct Level Accrual Frequency Payment Methd Amunt blck n discunt Liquidatin cycle Defer Liquidatin Liquidatin at Mnth ends Back Value Recalculatin Flag Start frm accunt Opening Redemptin Advice Required Prduct Preference TERM_RATE Daily Discunting NA N NA NA Special cnditin nly Accunt Classes Mapping Accunt class Currency Rate change at Liquidatin Rate change n Rllver TDDISC GBP N N N TDDISC USD N N N TDDISC EUR N Cntinue Variance n rllver 6.7. Additinal infrmatin Amunt blck fr discunt is checked fr the amunt blck n discunted interest Dcument types Passprt and bank statement are maintained fr individual and crprate custmer types Acceleratr Pack Prduct Catalgue Page 25 f 28

26 7. Term Depsit Other maintenances Varius maintenances t be dne fr TD are listed in this sectin Pay-in parameter maintenance In case f pay-in thrugh GL r Cash, the general ledger cde needs t be maintained in pay-in parameters screen. It is mandatry in case pay-in t term depsits is dne thrugh GL r cash. The fllwing pay-in types have been maintained, Branch Cde GL Cde Pay-in ptin General ledger Cash 7.2. Clse mde fr TD Clse mde needs t be maintained, in case premature redemptin f depsit accunts. In case f premature redemptin thrugh mdes like accunt, GL r lan, the prduct maintained at the clse mde is used fr prcessing the redemptin. Fllwing are the clse mdes maintained Clse mde FT GL Cash Prduct FTRQ TDRG TDRC 7.3. UDF maintenance UDF s TDUDF1 and TDUDF2 are attached t TD accunt creatin screen Dcument type maintenance At the time f pening the term depsits certain dcuments needs t be submitted by custmers t the bank. The type f dcuments t be submitted varies accrding t custmer type. The dcuments are attached in accunt class and will be defaulted n the accunt at the time f depsit pening Retail teller prduct maintenance Retail teller prduct needs t be maintained t make payment t recurring depsit and as a clse mde prduct fr redemptin, apart frm the clse mde maintained. Fllwing are the retail teller prducts maintained; Retail teller Prduct Prduct Cde TDRD TDRE Redemptin allwed N Recurring depsit N Acceleratr Pack Prduct Catalgue Page 26 f 28

27 7.6 Intermediary rule maintenance Intermediary rule, INTD is created and can be attached t TD accunt. Intermediary cmmissin will be applied based n TD amunt depsited. 7.7 Intermediary prduct maintenance Intermediary prduct, INTD is created and t be attached t intermediary creatin. Intermediary cmmissin will be applied mnthly based n the settlement frequency. 7.8 Intermediary UDE maintenance Intermediary UDE f COM_RATE is created and attached t INTD prduct and rule. Rate f 1% will be applied and cmmissin will be paid t intermediary agents. 7.9 Pre-clsure factr maintenance On TDFLOT, fr a pre matured withdrawal, penalty is applied n the interest as belw, based n the elapsed perid. Pre- Clsure Id Effective date Ccy EUR GBP KWD USD PREFACT1 1-Jan-14 Pre-clsure factr details Elapsed perid % Pre-clsure factr Acceleratr Pack Prduct Catalgue Page 27 f 28

28 Oracle Financial Services Sftware Limited Oracle Park Off Western Express Highway Gregan (East) Mumbai, Maharashtra India Wrldwide Inquiries: Phne: Fax: Cpyright [2016], [2017], [2018], Oracle and/r its affiliates. All rights reserved. Oracle and Java are registered trademarks f Oracle and/r its affiliates. Other names may be trademarks f their respective wners. U.S. GOVERNMENT END USERS: Oracle prgrams, including any perating system, integrated sftware, any prgrams installed n the hardware, and/r dcumentatin, delivered t U.S. Gvernment end users are cmmercial cmputer sftware pursuant t the applicable Federal Acquisitin Regulatin and agency-specific supplemental regulatins. As such, use, duplicatin, disclsure, mdificatin, and adaptatin f the prgrams, including any perating system, integrated sftware, any prgrams installed n the hardware, and/r dcumentatin, shall be subject t license terms and license restrictins applicable t the prgrams. N ther rights are granted t the U.S. Gvernment. This sftware r hardware is develped fr general use in a variety f infrmatin management applicatins. It is nt develped r intended fr use in any inherently dangerus applicatins, including applicatins that may create a risk f persnal injury. If yu use this sftware r hardware in dangerus applicatins, then yu shall be respnsible t take all apprpriate failsafe, backup, redundancy, and ther measures t ensure its safe use. Oracle Crpratin and its affiliates disclaim any liability fr any damages caused by use f this sftware r hardware in dangerus applicatins. This sftware and related dcumentatin are prvided under a license agreement cntaining restrictins n use and disclsure and are prtected by intellectual prperty laws. Except as expressly permitted in yur license agreement r allwed by law, yu may nt use, cpy, reprduce, translate, bradcast, mdify, license, transmit, distribute, exhibit, perfrm, publish r display any part, in any frm, r by any means. Reverse engineering, disassembly, r decmpilatin f this sftware, unless required by law fr interperability, is prhibited. The infrmatin cntained herein is subject t change withut ntice and is nt warranted t be errr-free. If yu find any errrs, please reprt them t us in writing. This sftware r hardware and dcumentatin may prvide access t r infrmatin n cntent, prducts and services frm third parties. Oracle Crpratin and its affiliates are nt respnsible fr and expressly disclaim all warranties f any kind with respect t third-party cntent, prducts, and services. Oracle Crpratin and its affiliates will nt be respnsible fr any lss, csts, r damages incurred due t yur access t r use f third-party cntent, prducts, r services. Acceleratr Pack Prduct Catalgue Page 28 f 28