14.Generic Charges 1

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How to setup a customer charge in T24

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    GENERIC CHARGE - IC.CHARGE

    Information in this document is subject to change without notice.

    No part of this document may be reproduced or transmitted in any form or by any means,electronic or mechanical, for any purpose, without the express written permission of TEMENOS Holdings NV.

    Copyright 2002-2003 TEMENOS Holdings NV. All rights reserved.

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    Document Version Control

    Version No.Date of

    Amendment Changed By Description of the Changes Made

    1 19/02/2009 Priyatharsini P Initial Draft

    1.1 19/02/2009 Sikkandar L Modified

    1.2 21/02/2009 Senthil Nathan D Reviewed

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    Introduction

    This Generic Charges functionality has been developed to enable local charge requirements, which arenot catered with the General Charges functionality. It also enables locally developed charges to use a different

    capitalisation frequency (as opposed to current functionality where capitalisation frequency is set for all charges

    on the COMPANY application). Taxes can be applied on these charges.

    Generic charges are not accrued, only capitalised. Capitalisation frequency for each charge can be set to

    monthly, quarterly, half yearly or yearly. Interim capitalisation can also be specified for these charges.

    This document illustrates the setup required for IC.CHARGE.

    Case 1: Calculation BasisPERCENTAGE, Calc TypeLEVEL

    FT.COMMISSION.TYPE

    This table defines the conditions relating to all types of Commission used by Funds Transfer. Each

    Commission Type can be defined as a Flat Amount or as one which varies according to the amount

    transferred. In this latter case different Percentages can be defined for different Bands or Levels of

    transfer amounts.

    Step 1:Create a record in FT.COMMISSION.TYPE,

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    IC.CHARGE.PRODUCT

    This table defines the basic charging information of generic charges set for accounts. TheFT.COMMISSION.TYPE key which defines the charging mechanism is specified here to calculate the

    charge. This table can be linked to various charging structure - IC.CHARGE for various accounts and

    groups of accounts.

    Step 2:Create an IC.CHARGE.PRODUCT record and attach FT.COMMISSION.TYPE record,

    BASE.AMT.RTN

    A valid info basic routine is specified to calculate the base amount (principal) on which the

    charge is calculated.

    This routine has five parameters. Three input parameters - the account number, period from and

    period to which the charge is calculated. Two output parameters - BASE.AMT - the base amount on

    which the charge is calculated, BASE.CURRENCY - currency of the amount - should be the account

    currency.

    Sample routine:

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    IC.CHARGE

    The generic charging structure for accounts or group of accounts or group of accounts in aparticular currency is defined here.The different charge products (IC.CHARGE.PRODUCT) with different

    capitalisation frequency, with different calculation period (monthly or periodic), effective on different

    dates can be defined here

    Step 3:Create an IC.CHARGE record and attach IC.CHARGE.PRODUCT,

    STMT.ENT.BOOK

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    ACCOUNT

    Note: Here as per the attached routine (BASE.AMT.RTN) in IC.CHARGE.PRODUCT, Open Cleared Bal

    in ACCOUNT record is taken as BASE AMOUNT for IC Charge calculation.

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    STMT.GEN.CHG

    This is a live file containing details of the generic charges capitalized for a period on an account(Customer accounts). Charges are calculated depending on the charging information and charging

    structure set in IC.CHARGE.PRODUCT and IC.CHARGE. The charges are calculated from the date of the

    last capitalized date.

    Result: After COB of capitalisation date check the STMT.GEN.CHG for the charge calculated,

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    Case 2: Calculation BasisPERCENTAGE, Calc TypeBAND

    FT.COMMISSION.TYPE

    Step 1:Create a record in FT.COMMISSION.TYPE,

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    IC.CHARGE.PRODUCT

    Step 2:Create an IC.CHARGE.PRODUCT record and attach FT.COMMISSION.TYPE record,

    IC.CHARGE

    Step 3:Create an IC.CHARGE record and attach IC.CHARGE.PRODUCT,

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    STMT.ENT.BOOK

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    ACCOUNT

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    STMT.GEN.CHG

    Result: After COB of capitalisation date check the STMT.GEN.CHG for the charge calculated

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    Case 3: Calc TypeFLAT

    FT.COMMISSION.TYPE

    Step 1:Create a record in FT.COMMISSION.TYPE,

    IC.CHARGE.PRODUCT

    Step 2:Create an IC.CHARGE.PRODUCT record and attach FT.COMMISSION.TYPE record,

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    IC.CHARGE

    Step 3:Create an IC.CHARGE record and attach IC.CHARGE.PRODUCT

    STMT.ENT.BOOK

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    ACCOUNT

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    STMT.GEN.CHG

    Result: After COB of capitalisation date check the STMT.GEN.CHG for the charge calculated

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    Case 4: Calculation BasisUNIT, Calc TypeLEVEL

    FT.COMMISSION.TYPE

    Step 1:Create a record in FT.COMMISSION.TYPE

    IC.CHARGE.PRODUCT

    Step 2:Create an IC.CHARGE.PRODUCT record and attach FT.COMMISSION.TYPE record

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    IC.CHARGE

    Step 3:Create an IC.CHARGE record and attach IC.CHARGE.PRODUCT

    STMT.ENT.BOOK

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    ACCOUNT

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    STMT.GEN.CHG

    Result: After COB of capitalisation date check the STMT.GEN.CHG for the charge calculated