Details of Modules

Banks Modules - Introduction

Loans

The objective of the loan system is to provide facilities for granting a loan, preparing a schedule of repayments using various interest calculation and repayment methods i.e.

It automatically settles, the installment and arrears against the settlement account, as and when funds are available. The subsystem has several inquiries and reports to provide operational, control and management information.

This is integrated with the risk management module and all activities are checked and in return updates the customer facility and its utilization.

The system also gives the facility to reschedule a loan due to change of:

Remittances

The objective of the Remittance Module is to provide money transfer and receiving inward transfers for the customer.

These functions provide facilities for data entry at basic level so that the employee can enter more meaningful information i.e. amount and type of currency exchanged, agreed buying / selling price & commission (System provides standard values which user can modify). The function creates necessary transactions to various ledgers and produces confirmation. The bank authority can verify the basic data and authorize the activity.

There are several functions, each for a specific type of transaction. Each business function generates transactions to appropriate ledgers. The sub system produces /SWIFT/TELEX message automatically. It has following functions.

Other Systems