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How to pass Additional Entry For Parking Collateral Amount In CLOS Event Of LC (Doc ID 2768620.1)

Last updated on APRIL 14, 2021

Applies to:

Oracle FLEXCUBE Universal Banking - Version 12.4.0.0.0 to 12.4.0.0.0
Information in this document applies to any platform.

Goal

As per bank requirment, they are taking collateral amount by debiting customer account and crediting in Margin money GL in BISS event and reverse in close event as indicated below entries.

BISS Event
COL_CUST_ACC Debit with "COLLAMT_OS" Amount Tag
LCCOLL_INT_ACCT Credit with "COLLAMT_OS" Amount Tag

CLOS Event
COL_CUST_ACC Credit with "COLLAMT_OS" Amount Tag
LCCOLL_INT_ACCT Debit with "COLLAMT_OS" Amount Tag

Now Bank has requirement that system should pass additional entry in CLOS event by debiting customer account with same collateral amount and credit to another parking GL. Following is the proposed entry in CLOS Event.

CLOS Event
COL_CUST_ACC Credit with "COLLAMT_OS" Amount Tag
LCCOLL_INT_ACCT Debit with "COLLAMT_OS" Amount Tag
And
Customer Account (COL_CUST_ACC ) Debit with "COLLAMT_OS" Amount Tag
Parking GL (LCCOLL_INT_ACCT) Credit with "COLLAMT_OS" Amount Tag

Please note that Parking Gl in second entry of Close event is not same as internal GL of BISS event or same as 1st entry of CLOS event.
 

Solution

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In this Document
Goal
Solution
References


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