Previous Next JavaScript must be enabled to correctly display this content

## 4.1 Create Customer Account Product

This topic describes the systematic instructions to configure the account products for a customer.

Specify User ID and Password, and login to Home screen.

1. On Home screen, click Virtual Account Management. Under Virtual Account Management, click Customer.Under Customer, click Customer Account Product. Under Customer Account Product, click Create Customer Account Product.
   The Create Customer Account Product - Virtual Account Product screen displays.

   Figure 4-1 Create Customer Account Product - Virtual Account Product

   Description of "Figure 4-1 Create Customer Account Product - Virtual Account Product"
2. Specify the fields on Create Customer Account Product - Virtual Account Product screen.

   Note:

   The fields marked as Required are mandatory.
   For more information on fields, refer to the field description table.

   Table 4-1 Create Customer Account Product - Virtual Account Product – Field Description

   Field | Description
   --- | ---
   Customer Number | Click Search icon to view and select the required customer number.
   Customer Name | Displays the name of the customer.
   Account Product | Specify a unique product code for the customer. The user has the option to either generate a new product code for the customer or utilize an existing product template to set up a customer account product, refer to the Use Product Template section.
   Account Product Description | Specify the description of the account product.
   Interest Calculation | Select the toggle to show if interest calculation is needed for the virtual accounts associated with this product, and the Interest Group Mapping screen will be displayed. By default, this is disabled.
   Debit Transaction Allowed | Select the toggle to indicate whether the debit transactions are allowed for the virtual accounts created under this product. By default, this is disabled.
   Credit Transaction Allowed | Select the toggle to indicate whether the credit transactions are allowed for the virtual accounts created under this product. By default, this is disabled.
   Overdraft Facility Allowed | Select the toggle to indicate whether the overdrafts are allowed for the virtual accounts created under this product. By default, this is disabled.
   Liquidity Management Allowed | Select the toggle to indicate whether the virtual accounts created under this product are allowed to be created as Liquidity Management accounts in Oracle Banking Liquidity Management. By default, this is disabled.
   Account description change allowed | Select the toggle to indicate if account description change is allowed at an account level or not. If this enabled, it indicates account description can be changed at an account level If this is disabled, it indicates account description cannot be changed at an account level and will be defaulted to the virtual entity name.
   Inactive Days | Specify the number of days after which the virtual accounts created under the product are marked as Inactive if no transactions are performed for the configured days. Note: Any Credit transactions on an Inactive Virtual account will mark the account back as “Active”. However, Debit transactions are not allowed on Inactive Virtual Accounts.

Use Product Template The Use Product Template hyperlink is used to link a new product template to a customer after the customer is onboarded for virtual account facility. Based the product template selected, the product parameters are defaulted and the user is allowed to modify the parameters at the customer account product level.

Note:

The Use Product Template hyperlink is applicable only during creation of a Customer Account Product.

3. Click Use Product Template.
   The Create Customer Account Product - Use Product Template pop-up screen displays the list of applicable product templates based on the customer category.

   Figure 4-2 Create Customer Account Product - Use Product Template

   Description of "Figure 4-2 Create Customer Account Product - Use Product Template"
4. Specify the details to search and select the required product template from the list.
   For more information on fields, refer to the field description table.

   Table 4-2 Create Customer Account Product - Use Product Template – Field Description

   Field | Description
   --- | ---
   Product Template | Displays the name of the product template.
   Product Description | Displays the description of the product.

5. Click Link to use the selected product template.
   The product parameters get defaulted from the template.
6. Click Clear to clear the search filter.

Restrictions

The Restrictions screen allows the user to configure the product restrictions.

7. Click Next.
   The Create Customer Account Product - Transaction Restrictions screen displays.

   Figure 4-3 Create Customer Account Product - Transaction Restrictions

   Description of "Figure 4-3 Create Customer Account Product - Transaction Restrictions"

   Figure 4-4 Create Customer Account Product - Balance Restrictions

   Description of "Figure 4-4 Create Customer Account Product - Balance Restrictions"

   Note:

   The fields marked as Required are mandatory.
   For more information on fields, refer to the field description table.
8. Specify the fields on Create Customer Account Product - Transaction and Balance Restrictions screen.

   Table 4-3 Create Customer Account Product - Restrictions – Field Description

   Field | Description
   --- | ---
   Customer Number | Displays the customer number selected in the Virtual Account Product screen.
   Customer Name | Displays the name of the selected customer.
   Account Product | Displays the account product code specified in the Virtual Account Product screen.
   Account Product Description | Displays the account product description specified in the Virtual Account Product screen.
   Transaction Code Restrictions | Displays the following fields to maintain Transaction Code Restrictions.
   Allowed / Restricted | Select one of the options. This is used for allowing or not allowing transaction codes for virtual accounts opened under this product.
   Transaction Code | Click Search to view and select the required transaction code. To create a new transaction code, refer to Transaction Code Maintenance in the Oracle Banking Common Core User Guide.
   Description | Displays the description of the selected Transaction Code.
   Transaction Limit Restrictions | Displays the following fields to attach the transaction limits to a customer account product.
   Limit Code | Click Search icon to view and select the limit code. To define a new transaction limit rule, refer to the Transaction Limit Rule topic in the Configuration User Guide. To define a new transaction limit for a limit rule, refer to Transaction Limits topic in the Configuration User Guide. Note: If no limit code is attached to the product, this will signify no transaction limit restrictions applies for the specific product and the subsequent virtual accounts opened under that product. If a limit code mapping is modified, the changes will be effective from the modification date onwards.
   Description | Displays the description of the selected limit code.
   Restriction ID | Displays the restriction IDs maintained for the limit rule attached to the limit code.
   Description | Displays the description of the respective Restriction ID.
   Number of Transactions Allowed | Displays the number of transactions allowed for the respective Restriction ID(s).
   Balance Restrictions | Displays the following fields to maintain Balance Restrictions.
   Currency | Displays the Currency details
   Maximum Allowed Balance | Displays the maximum balance allowed for the respective Restriction ID(s).
   Currency Restrictions | Displays the following fields to maintain Currency Restrictions.
   Allowed / Restricted | Select one of the options. This is used for allowing or not allowing currencies for which the virtual accounts can be opened under this product.
   Currency | Click Search to view and select the required currency. To define a new currency, refer to Currency Definition topic in the Common Core User Guide.
   Currency Description | Displays the description of the selected Currency.
   Virtual Account Restrictions | Displays the following field to maintain Virtual Account Restrictions.
   Number of accounts allowed | Specify the maximum number of virtual accounts that can be created for the specific product. Once set, the system will not allow creation of additional virtual accounts beyond the specified limit under the product. Note: If a limit is also set at the facility level, the system will validate against both the product and facility limits when creating a virtual account.

9. Click + to add a row and provide the required details.

   Note:

   The number of transactions allowed under transaction limit restrictions cannot be modified at a product level. For any changes, a new limit code needs to be created with the required restrictions and attached to the product.

Interest Group Mapping

The Interest Group Mapping screen allows the user to map a Customer Virtual Account Product to an interest group. This screen displays only if the Interest Calculation is enabled in Virtual Account Product screen.

10. Enable the Interest Calculation and click Next.
    The Create Customer Account Product - Interest Group Mapping screen displays.

    Figure 4-5 Create Customer Account Product - Interest Group Mapping

    Description of "Figure 4-5 Create Customer Account Product - Interest Group Mapping"
11. Specify the fields on Create Customer Account Product - Interest Group Mapping screen.

    Note:

    The fields marked as Required are mandatory.
    For more information on fields, refer to the field description table.

    Table 4-4 Create Customer Account Product - Interest Group Mapping – Field Description

    Field | Description
    --- | ---
    Interest Group Template | Click Search icon to view and select the required interest group template. Displays the list of all the bank level Interest groups maintained in IC.
    Description | Displays the description of the selected Interest Group Template.
    Customer Specific Rate | Select the toggle to indicate whether a customer specific interest group needs to be maintained. By default, this is disabled.
    Customer Interest Group | Displays the customer interest group. Note: If Corporate Specific Rate is selected, a new Customer Interest group is created and mapped to the Customer and Virtual Account product in IC else the Interest Group template selected is mapped. The Interest products is based on the Interest Group template selected.
    Interest Products | Displays a list of interest product/s mapped to selected Interest Group Template.
    Product Code | Displays the Interest Product Code.
    Product Description | Displays the Interest Product Description.
    Currency Code | Displays the currency of Interest Product.

12. Click Save and Close to save the details.
    The user can view the configured account product details in the View Customer Account Product.
13. Click Cancel to close the details without saving.

Parent topic: Customer Account Product