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  • Perform Partial Withdrawals (LD)

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    Ram Mohan Mishra
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    The document describes the process for performing partial withdrawals from loan deposits. It involves the following steps: 1. The customer requests a partial withdrawal from their deposit account through their relationship manager. 2. The relationship manager authenticates the customer and verifies the deposit account number. 3. If authentication is successful, the relationship manager indicates the principal amount of the partial withdrawal, effective date, and liquidation account. 4. The partial withdrawal of the deposit is then verified and authorized, generating the appropriate accounting entries to complete the transaction.

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    The document describes the process for performing partial withdrawals from loan deposits. It involves the following steps: 1. The customer requests a partial withdrawal from their deposit account through their relationship manager. 2. The relationship manager authenticates the customer and verifies the deposit account number. 3. If authentication is successful, the relationship manager indicates the principal amount of the partial withdrawal, effective date, and liquidation account. 4. The partial withdrawal of the deposit is then verified and authorized, generating the appropriate accounting entries to complete the transaction.

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    9 views1 page

    Perform Partial Withdrawals (LD)

    Uploaded by

    Ram Mohan Mishra
    The document describes the process for performing partial withdrawals from loan deposits. It involves the following steps: 1. The customer requests a partial withdrawal from their deposit account through their relationship manager. 2. The relationship manager authenticates the customer and verifies the deposit account number. 3. If authentication is successful, the relationship manager indicates the principal amount of the partial withdrawal, effective date, and liquidation account. 4. The partial withdrawal of the deposit is then verified and authorized, generating the appropriate accounting entries to complete the transaction.

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    27/04/21 Perform Partial Withdrawals (LD)

    TEMENOS Banking Reference Processes


    Perform Partial Withdrawals (LD) Last change: 17-Mar-2021 12:05:15
    Type: EPC

    Customer
    requests for
    partial withdrawal

    Deposit Receipt

    Customer Request Receive request


    Customer RM
    for partial
    (Corporate)
    withdrawal

    incl. documents for


    partial withdrawal (e.g. COD)

    ENQ
    Authenticate Customer RM
    CUSTOMER.
    Customer (Corporate)
    CSM.CORP

    incl. Mandates/ Signatories

    Customer Customer not


    authenticated authenticated
    COS
    CUSTOMER.
    OVERVIEW...

    Inform Customer
    LD.LOANS.A
    Verify deposit Customer RM about Customer RM
    ND.DEPOSIT
    account number (Corporate) unsuccessful (Corporate)
    S,DEP.AME...
    authentication

    Customer
    Deposit number informed about
    verified failed
    authentication

    LD.LOANS.A Indicate partial


    Customer RM
    ND.DEPOSIT withdrawal of LD
    (Corporate)
    S,DEP.AME... deposit

    Principal amount decrease,


    effective date, and principal liquidation
    account to be indicated
    Verify and
    LD.LOANS.A
    authorise partial Customer RM
    ND.DEPOSIT
    withdrawal of LD (Corporate)
    S,DEP.AME...
    deposit

    Generate accounting Dr. Deposit contract


    LD entries Cr. Principal liquidation account
    SYS

    Deposit partial
    withdrawal
    completed

    Temenos R21 Proprietary & Confidential 1

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