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## 2.1 Create Account Product Proposition

This topic describes the systematic instructions to create account product proposition.

The Create Account Product Proposition screen allows the user to maintain the product templates. During the customer on-boarding, the user can select one or more product templates under which virtual accounts can be created.
Specify User ID and Password, and login to Home screen.

1. On Home screen, click Virtual Account Management. Under Virtual Account Management, click Configuration.
2. Under Configuration, click Account Product Proposition. Under Account Product Proposition, click Create Account Product Proposition.
   The Create Account Product Proposition - Product Details screen displays.

   Figure 2-1 Create Account Product Proposition - Product Details

   Description of "Figure 2-1 Create Account Product Proposition - Product Details"
3. Specify the fields on Create Account Product Proposition - Product Details screen.

   Note:

   The fields marked as Required are mandatory.

   For more information on fields, refer to the field description table.

   Table 2-1 Create Account Product Proposition - Product Details – Field Description

   Field | Description
   --- | ---
   Product Code | Specify the product code.
   Product Description | Specify the product description.
   Interest Calculation | Select the toggle to indicate whether the interest calculation is required for the virtual accounts created under the product and Interest Group section is visible to map the required Interest group template to the product proposition. 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 the 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 the 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 the product. By default, this is disabled.
   Liquidity Management Allowed | Select the toggle to indicate whether the liquidity management is allowed on virtual accounts. The parameter will be defaulted at virtual account level and based on the same, the virtual accounts will be automatically available in Oracle Banking Liquidity Management as active liquidity accounts. 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.
   Interest Group Template | Click Search to view and select the required interest group template. Displays the list of all bank level Interest groups maintained in IC. The Interest products are based on the Interest Group
   Description | Displays the description of the selected Interest Group Template.

Restrictions

The Restrictions screen allows the user to configure the restrictions for the account product proposition.

4. Click Next.
   The Create Account Product Proposition - Restrictions screen displays.

   Figure 2-2 Create Account Product Proposition - Transaction Restrictions

   Description of "Figure 2-2 Create Account Product Proposition - Transaction Restrictions"

   Figure 2-3 Create Account Product Proposition - Balance Restrictions

   Description of the illustration create-account-product-proposition-balance-restriction.png
5. Specify the fields on Create Account Product Proposition - Transaction and Balance Restrictions screen.

   Note:

   The fields marked as Required are mandatory.

   For more information on fields, refer to the field description table.

   Table 2-2 Create Account Product Proposition - Transaction and Balance Restrictions – Field Description

   Field | Description
   --- | ---
   Product Code | Displays the product code.
   Product Description | Displays the product description.
   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 the Transaction Code Maintenance section in Oracle Banking Common Core User Guide.
   Description | Displays the description of the selected transaction code.
   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 the Currency Definition section in Oracle Banking Common Core User Guide.
   Currency Description | Displays the description of the selected currency.
   Transaction Limit Restrictions | Displays the following fields to attach the transaction limits to an account product proposition.
   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 section. To define a new transaction limit for a limit rule, refer to the Transaction and Balance Limits section. 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).
   Currency | Displays the currency
   Allowed Amount | Displays the allowed amount for the respective restriction ID(S) Note: This field displays if transaction restrictions is selected.
   Maximum Allowed Balance | Displays the allowed balance for the respective restriction ID(S) Note: This field displays only if balance restrictions is selected.
   Customer Category Restrictions | Displays the following fields to maintain Customer Category Restrictions.
   Allowed / Restricted | Select one of the options. This is used for allowing or not allowing customer categories for which virtual accounts can opened under this product.
   Customer Category | Click Search to view and select the required customer category. To create a new customer category, refer to the Customer Category section in Oracle Banking Common Core User Guide.
   Description | Displays the description of the selected customer category.
   Virtual Account Restrictions | Displays the following fields to create Virtual Account Restrictions.
   Number of Accounts allowed | Specify the maximum number of virtual accounts that are allowed for the specific product proposition.

6. Click + to add a row and provide the required details.
7. Click Save and Close to save the details.
   The user can view the account proposition in View Account Product Proposition.

   Note:

   The user can link one or more product templates during customer on-boarding. For more information, refer to Account Facility topic in Customer and Accounts User Guide.

   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.

8. Click Cancel to close the details without saving.

Parent topic: Account Product Proposition