Accelerator Pack Integrated liquidity management Introduction Products ILM Pooling ILM Sweeping ILM Pooling and sweep Contents Accelerator Pack Integrated liquidity management This document describes the sample ILM products that are offered offtheshelf ID: 778630
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Slide2Accelerator Pack 12.3
Integrated Liquidity Management
Slide3Accelerator Pack – Integrated liquidity management
Introduction
Products
ILM Pooling
ILM Sweeping
ILM Pooling and sweep
Contents
Slide4Accelerator Pack – Integrated liquidity management
This document describes the sample ILM products that are offered off-the-shelf
ILM module of FLEXCUBE supports processing of products like,
Pooling accounts
Sweep accounts
Introduction
Slide5Accelerator Pack –
Integrated liquidity management
This offering has all basic features that are needed for a corporate customer to open an account which could participate in the pooling account structure either as a header, Parent or Child This product would be used to pool the whole balances of all the accounts maintained in an account structure notionally.
Features of Account class – ILM001
Booking of deposit with pooling facility
The account will get the credit or debit interest as per the amount it contributed to its parentProduct 1 – ILM pooling
Slide6Accelerator Pack – Integrated liquidity management
Account class parameters
Overdraft
Yes
Track receivable
Yes
Account statistics
Yes
Exclude Same Day Reversal Transactions from Statement
Yes
Back period entry allowed
Yes
Interest charges
Yes
Track accrued interestYesDebit credit advicesYesPosting allowedYesInterest statementYesAvailable balance check requiredYesIntegrated liquidity managementYes
Product 1 – ILM Pooling
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Integrated liquidity management
Features of Rule – PHR1, PRC1, NINT
Fixed interest rate of 10%
Interest based on pool leader and pool reallocation accounts
Credit interest rate based on normal ruleFeatures of Product – PHR1, PRC1, NINTAccrual frequency as dailyAccount level accrualLiquidation frequency as 1 monthPayment method as bearingProduct 1 – ILM Pooling
Slide8Accelerator Pack –
Integrated liquidity management
This offering has all basic features that are needed for a corporate customer to open an account which could participate in the pooling account structure either as a header, Parent or Child This product would be used to sweep the balances of all the accounts maintained in an account structure. Physical funds are moved in account structure from child to parent or parent to child.
Features of Account class – ILM002
Booking of deposit with sweep facility
Integrated liquidated management option is enabledProduct 2 – ILM sweep
Slide9Accelerator Pack – Integrated liquidity management
Account class parameters
Overdraft
No
Track receivable
Yes
Account statistics
Yes
Exclude Same Day Reversal Transactions from Statement
Yes
Back period entry allowed
Yes
Interest charges
Yes
Track accrued interestYesDebit credit advicesYesPosting allowedYesInterest statementYesAvailable balance check requiredYesIntegrated liquidity managementYes
Product 2 – ILM Sweep
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Integrated liquidity management
Features of Rule – PRC1, NINT
Fixed interest rate of 10%
Interest based on pool reallocation
Credit interest rate based on normal ruleFeatures of Product – PRC1, NINTAccrual frequency as dailyAccount level accrualLiquidation frequency as 1 monthPayment method as bearingProduct 2 – ILM Sweep
Slide11Accelerator Pack –
Integrated liquidity management
This product purpose is to create an account which would be used either to Pool or Sweep the balances of all the accounts maintained in an account structure. As per the sweep type whether its pooling or sweeping used in the account structure the funds would be moved from child to parent or parent to child notionally or physically.
Features of Account class – ILM003
Booking of deposit with sweep and pool facility
Integrated liquidated management option is enabledProduct 3 – ILM pooling & sweep
Slide12Accelerator Pack – Integrated liquidity management
Account class parameters
Overdraft
No
Track receivable
Yes
Account statistics
Yes
Exclude Same Day Reversal Transactions from Statement
Yes
Back period entry allowed
Yes
Interest charges
Yes
Track accrued interestYesDebit credit advicesYesPosting allowedYesInterest statementYesAvailable balance check requiredYesIntegrated liquidity managementYes
Product 3 – ILM pooling & sweep
Slide13Accelerator Pack –
Integrated liquidity management
Features of Rule – PHR1, PRC1, NINT
Fixed interest rate of 10%
Interest based on pool leader and pool reallocation accounts
Credit interest rate based on normal ruleFeatures of Product – PHR1, PRC1, NINTAccrual frequency as dailyAccount level accrualLiquidation frequency as 1 monthPayment method as bearingProduct 3 – ILM pooling & sweep
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