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Statement Periodicity (Doc ID 2397583.1)

Last updated on JULY 17, 2018

Applies to:

Oracle FLEXCUBE Universal Banking - Version 12.0.2 and later
Information in this document applies to any platform.
Applicable to 12.0.2 version

PRIMARY AND SECONDARY ACCOUNT STATEMENT TO HAVE SAME FREQUENCY

System allows to receive statement of account MT940 to two different banks (different BIC codes) if different periodicity maintained.
If both primary and secondary statements has same periodicity, then system throws error.
The Fix provided is to allow user to maintain / change error code ST-MAN05 as override.

Simulation Steps -
1. User need to maintain error code ST-MAN05 as override, if you want to same frequency for primary and secondary statement.
2. Try to maintain same frequency for primary and secondary statement.
3. Generate account statement and check if system is sending MT940 to two different banks on same day.

Symptoms

Issue Desc:
Bank has a customer who is receiving statement of account MT940 in two different banks and in different periodicity as follow:

For BIC code ZZZZZZZZZZZ [example and not actual BIC code] is generated monthly
For BIC code YYYYYYYY [example and not actual BIC code] is generated daily

Bank has received the customer request to send the statements toward both the directions in the same periodicity.
When Bank tries to maintain the modification,  error 'Statement cycles have to be different' is shown

Bank's expectation is to have the possibility to generate statement MT940, for both primary and secondary statements in the same periodicity.

Changes

 

Cause

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