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.
Document Version Control
Version No.
Date of Amendment
Changed By
Description of the Changes 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
TEMENOS- PACS
Page 2 of 20
March 09
Introduction This Generic Charges functionality has been developed to enable local charge requirements, which are not 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 Basis – PERCENTAGE, Calc Type – LEVEL
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,
TEMENOS- PACS
Page 3 of 20
March 09
IC.CHARGE.PRODUCT
This table defines the basic charging information of generic charges set for accounts. The FT.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:
TEMENOS- PACS
Page 4 of 20
March 09
IC.CHARGE
The generic charging structure for accounts or group of accounts or group of accounts in a particular 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
TEMENOS- PACS
Page 5 of 20
March 09
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.
TEMENOS- PACS
Page 6 of 20
March 09
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,
TEMENOS- PACS
Page 7 of 20
March 09
Case 2: Calculation Basis – PERCENTAGE, Calc Type – BAND
FT.COMMISSION.TYPE
Step 1: Create a record in FT.COMMISSION.TYPE,
TEMENOS- PACS
Page 8 of 20
March 09
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,
TEMENOS- PACS
Page 9 of 20
March 09
STMT.ENT.BOOK
TEMENOS- PACS
Page 10 of 20
March 09
ACCOUNT
TEMENOS- PACS
Page 11 of 20
March 09
STMT.GEN.CHG
Result: After COB of capitalisation date check the STMT.GEN.CHG for the charge calculated
TEMENOS- PACS
Page 12 of 20
March 09
Case 3: Calc Type – FLAT
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,
TEMENOS- PACS
Page 13 of 20
March 09
IC.CHARGE
Step 3: Create an IC.CHARGE record and attach IC.CHARGE.PRODUCT
STMT.ENT.BOOK
TEMENOS- PACS
Page 14 of 20
March 09
ACCOUNT
TEMENOS- PACS
Page 15 of 20
March 09
STMT.GEN.CHG
Result: After COB of capitalisation date check the STMT.GEN.CHG for the charge calculated
TEMENOS- PACS
Page 16 of 20
March 09
Case 4: Calculation Basis – UNIT, Calc Type – LEVEL
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
TEMENOS- PACS
Page 17 of 20
March 09
IC.CHARGE
Step 3: Create an IC.CHARGE record and attach IC.CHARGE.PRODUCT
STMT.ENT.BOOK
TEMENOS- PACS
Page 18 of 20
March 09
ACCOUNT
TEMENOS- PACS
Page 19 of 20
March 09
STMT.GEN.CHG
Result: After COB of capitalisation date check the STMT.GEN.CHG for the charge calculated
TEMENOS- PACS
Page 20 of 20
March 09
