T24 Account Group Parameters R15

T24 Account Group Parameters
Agenda
T24 Account Interest, Charges and Statements
01 Learning Objectives
02 Parameters
03 Account Service Conditions
04 Grouping Structure for Interest and Charges
05 Grouping Structure for Statements
06 GROUP.CAPITALISATION
07 GROUP.DEBIT.INTEREST
08 GROUP.CREDIT.INTEREST
09 General Charges
Learning Objectives
T24 Account Interest, Charges and Statements > Learning Objectives
To know the parameter tables involved in Interest , Charges and

Statements
Understand the set up of the parameter tables
Interest and charges related conditions
Linking the charges

Agenda
02 Parameters
09 General Charges
Interest Related Parameters
T24 Account Interest, Charges and Statements > Parameters
Charge Related Parameters
ACCT.STATEMENT.CHARGE DEBIT.INT.ADDON
TRANSACTION.CHARGE HIGHEST.DEBIT
GOVERNMENT.MARGIN
TURNOVER.DEBIT
GENERAL.CHAR
GE
NUMBER.OF.DEBIT INTEREST.STATEMENT
TURNOVER.CREDIT BALANCE.REQUIREMENT
NUMBER.OF.CREDIT
Statement Related Parameters
AC.STMT.PARAMETER
CONDITION.PRIORITY
STMT.GEN.CONDITION
Agenda
02 Parameters
09 General Charges
Account Service Conditions
T24 Account Interest, Charges and Statements > Account Service Conditions
Preferential Service Conditions
Interest Charges Statements
 Group Specific
 Account Specific
Account Service Conditions
T24 Account Parameters > ACCOUNT.ACCRUAL
Capitalisation  Interest application - When and at what frequency

 Debit Interest and Credit Interest may be set with
different frequency
Interest Types &  Fixed and floating - Currency wise

Rates  Effective dates
 Level and Band
 Minimum balance and start dates
Charge Types  Fixed and Calculated - Currency wise

 Effective dates
Agenda
02 Parameters
09 General Charges
Grouping Structure for Interest & Charges
T24 Account Interest, Charges and Statements > Grouping Structure for Interest & Charges
1. CONDITION.PRIORITY
3. GROUP.
CAPITALISATION 2. ACCT.GEN. CONDITION
6. ACCT.
CAPITALISATION 5. GROUP. 5. GROUP.
DEBIT.INT CREDIT.INT
6. ACCOUNT. 6. ACCOUNT.
4. GENERAL.
CHARGE
3. BALANCE. 3. NUMBER. 3. OTHER

REQUIREMENT OF.CREDIT
CHARGES...
Agenda
02 Parameters
 CONDITION.PRIORITY
 ACCT.GEN.CONDITION
09 General Charges
T24 Account Interest, Charges and Statements > Grouping Structure > CONDITION.PRIORITY
 To define attributes like interest, charges and statement issuing frequency

 Accounts are grouped using set of criteria like product, nationality, industry, sector etc
 Savings account of residents
 Savings account of non resident senior citizens
 Current account of corporates engaged in software industry
 Current account of private citizens of US nationality
 Company wise Rules can be set separately for Interest & charges related and
Statement related selections
 Record Ids are ACCOUNT and STATEMENT for default purpose
 ACCOUNT-Company.code and STATEMENT-Company.code, for company wise rules

 ACCOUNT-GB0010001, STATEMENT-GB0010001 etc
 Ranks proposed selection criteria and indicates applications from

where data is chosen
 Allowed applications are ACCOUNT and CUSTOMER
 Any single valued or local reference field can be chosen
 PRIORITY.ITEM Field to be indicated in the format
 APPLICATION>FIELD.NAME
 CUSTOMER>SECTOR
 PRTY.VALIDATION Field indicates validation display as enrichment
Here CATEGORY and

SECTOR are chosen
as choices 1 and 2 for
both ACCOUNT and
STATEMENT
RESIDENCE is
choice 3 for
ACCOUNT alone
 Possible to effect changes to the selection criteria and/or their ranking,

any time later
 The record Id should now include the effective date of change
 Based on the previous selection criteria, already General and group specific
conditions would have been built
 There would be a need to re-define rules for some or all of these groups.
GEN.COND.KEEP and GROUP.COND.KEEP Fields to indicate earlier
records that are to be retained
Effective date to be current or future date

Advised to leave GEN.COND.KEEP as Null
so that all old records would be removed
and new conditions can be set
GROUP.COND.KEEP can also have a value
of ALL to retain all records
Creating a future dated CONDITION.PRIORITY
Menu Navigation
 Use Admin Menu > Framework Parameter > Core

> Condition Priority
Instructions
 Make the following changes to

CONDITION.PRIORITY record for STATEMENT to
take effect from a future date
 Priority 1 is INDUSTRY
 Priority 2 is CATEGORY
 Priority 3 is SECTOR
 All General conditions are proposed to be re-defined while
existing group conditions are proposed to be retained
 Get the record authorised

Solution - Creating a future dated CONDITION.PRIORITY
Agenda
02 Parameters
 CONDITION.PRIORITY
 ACCT.GEN.CONDITION
09 General Charges
 Once CONDITION.PRIORITY records are created, respective General

Condition tables get selection values from there
 ACCT.GEN.CONDITION is to define rules for grouping together Accounts that

have the same interest and charges conditions
• Id is up to 6 numeric digits. 999999 groups can be formed
 STMT.GEN.CONDITION table is to define rules for grouping together Accounts

that have the same statement generation frequency
• Id is pre-determined – Daily, Monthly, Quarterly, Six-monthly, Yearly
 When CONDITION.PRIORITY record is changed, these records can also be

changed with Id suffixed with “-Effective date”
• DAILY-20070902
T24 Account Interest, Charges and Statements > Grouping Structure > ACCT.GEN.CONDITION
Creating an Account Group
Menu Navigation
 Use Admin Menu > Framework Parameter >

Account > General > Category
Instructions
 Create a new category for an account product called

Special savings
Solution - Creating an Account Group
Creating an Account Group
Menu Navigation

Account > General > Acct Gen Condition
Instructions
 Create a new group in ACCT.GEN.CONDITION to group

Special savings accounts of all types of customers
Solution - Creating an Account Group
Agenda
02 Parameters
 STMT.GEN.CONDITION
09 General Charges
Grouping Structure for Statements
T24 Account Interest, Charges and Statements > Grouping Structure for Statements
CONDITION.PRIORITY
STMT.GEN. CONDITION
ACCOUNT.STATEMENT
Grouping Structure for Statements
T24 Account Interest, Charges and Statements > Grouping Structure > STMT.GEN.CONDITION
Choices defined in CONDITION.PRIORITY are automatically defaulted in

ITEM and PRIORITY Fields
MULTIVALUE Field : Indicate Y to include any desired combination.

For example:
 DAILY statements for Current accounts of Private individuals residing in USA .
It is also for Current accounts of Corporates of any country
 MONTHLY statements for other Current accounts
FREQUENCY TYPE Field

Anniversary: On the same day on which it was opened every month / quarter / six
months / yearly
Period End: Uniformly on the last day of the frequency
Attaching group to Statement Condition
Menu Navigation

Account > General > Stmt Gen Condition
Instructions
 Include Special savings account under the group YEARLY

in STMT.GEN.CONDITION table
Solution - Attaching group to Statement Condition
Agenda
02 Parameters
09 General Charges
GROUP.CAPITALISATION
T24 Account Interest, Charges and Statements > GROUP.CAPITALISATION
 For the groups formed in ACCT.GEN.CONDITION, capitalisation rules for

interest and interest related charges are set here
 Id is same as of ACCT.GEN.CONDITION
 Separate frequencies can be set for first and second debit and credits
 First Debit capitalisation frequency is mandatory. Others optional
 Daily, Business day, Twice in a month, Every nn month on dd day
 START.OF DAY.CAP Field allows to opt for capitalization process at start

of day.
 Y indicates that it is allowed, NO or null indicates that it is not
 Example
 For Current accounts of Private individuals residing in UK and USA (Group 1), to
debit interest every month on the last date while for credit balances in those
accounts, pay interest quarterly on 15th
 For Current accounts of Corporates (Group 2), to debit interest every quarter on
the last date of a month while for credit balances in the same accounts, interest
not payable
 SETTLE.ACCT.CLOSE Field to indicate whether settlement account is

required while closing accounts under this group
Defining Capitalisation Rules for Account group
Menu Navigation

Interest, Taxes & Charges > Interest > Group
Capitalisation
Instructions
 For the group created in ACCT.GEN.CONDITION, set the

following capitalisation conditions in
 Debit frequency every business day

 Credit frequency once a month, on the first of every month
 Settlement accounts is not required
Solution - Defining Capitalisation Rules for Account group
Agenda
02 Parameters
09 General Charges
GROUP.DEBIT.INT
T24 Account Interest, Charges and Statements > GROUP.DEBIT.INTEREST
ID  Group, Currency & Effective date

 Rules can be set group wise and currency wise to
take effect from indicated date. For Example:
1USD25JAN2008
Charge.Key  Mandatory
 Even if there are no charges, a null charge key to be
indicated
Tax.Key  Optional
 Used to debit tax, if any, on debit interest
 Links record from TAX or TAX.TYPE.CONDITION
(with a prefix of *)
GROUP.DEBIT.INT
T24 Account Interest,Interest,
ChargesCharges
and Statements
and statements
> GROUP.DEBIT.INTEREST
> GROUP.DEBIT.INT
Interest.Day.Basis  Defaulted from respective currency table

 Possible to change
 ‘None’ is indicated if debit interest is not required
Dr.Balance.Type  Interest for the defined period is calculated on one of

the following balances
 Daily
 Average
 Highest
Dr.Cacul.Type  Interest rate can be set differently for different

balances by multi valuing interest related fields, while
interest calculation can be set to level or band
Example: Interest is indicated as 5% for balances up to USD 5,000 and 6% thereafter.

Account has USD 6,000 as debit balance . Under level calculation, 6% interest on
entire balance. Under band calculation, 5% on first 5,000 and 6% on 1,000
GROUP.DEBIT.INT
Dr.Limit.Amt  Amount up to which interest rate is valid

 If 2 rates are input and no limit is specified for the first level,
the first rate is applicable up to the Overdraft Limit specified
for each account in the ACCOUNT.DEBIT.LIMIT table
Dr.Int.Rate  Enter the fixed interest rate

OR
Dr.Basic.Rate  Enter the floating interest rate
Dr.Margin.Rate  Enter the margin to be applied over the floating rate
Dr.Margin.Oper  Operand to be used while using the margin rate over

floating rate.
 Current rate 6.75%. If margin rate of 10 is multiplied to
this rate, effective rate is 7.425%, being 110% of 6.75
GROUP.DEBIT.INT
Dr.Min.Rate  Indicate the floor rate for floating interest
Dr.Min.Value  Indicate the minimum interest rate to be debited
Dr.Min.Waive  Yes – to waive interest if below the minimum amount

 No – to Collect interest even if below minimum
amount
 Yes-Hist / No-Hist – Same as above, but historical
mid rates are used for interest waiver calculation
 Null – The minimum value in DR.MIN.VALUE to be
posted to the account minimum amount
GROUP.DEBIT.INT
Compound.Type  Specify number of compounding periods per year

DAILY, WEEKn, Mnn or Nnn choices available
GROUP.DEBIT.INT
Apr.Required  Select ‘Y’ if annual payment rate is required to be

indicated in underlying accounts
 APR is the same as TEG in France
Max.Legal.Rate  Indicate the maximum legal rate allowed to be collected
Max.Debit.Chg.Rate  Identifies the maximum charge percentage of the first

debit interest amount
Setting Rules for Group Debit Interest
Menu Navigation
 Use Admin Menu > Framework Parameter > Interest,

Taxes & Charges > Interest > Group Debit Int
Instructions

following rules in GROUP.DEBIT.INT for USD, with immediate
effect
 First debit interest calculated on daily balance with banded
structure, 8% fixed on the first 50,000 and floating interest of
Loan base rate with a spread of 0.05% thereafter. Minimum
value of interest to be collected is USD 25
 Second debit interest calculated on average balance on level
basis, 1% if the debit balance is less than or equal to 50,000 and
no interest thereafter. If the minimum value of interest is less
than USD 5, then it may be waived
 Use default GENERAL.CHARGE available
Solution - Setting Rules for Group Debit Interest
Agenda
02 Parameters
09 General Charges
GROUP.CREDIT.INT
T24 Account Interest, Charges and Statements > GROUP.CREDIT.INTEREST
Similar to GDI
but with features
suiting Credit
Interest
ID  Group, Currency & Effective date

 Rules can be set group wise and currency wise to
take effect from indicated date. For Example:
1USD25JAN2008
Tax.Key  Optional
 Used to debit tax, if any, on Credit interest
 Links record from TAX or TAX.TYPE.CONDITION
(with a prefix of *)
GROUP.CREDIT.INT
Interest.Tax.Min  Used to indicate the amount of interest that can be earned

tax free in a capitalisation period
 For CR and CR2 individually and not for their sum
Net.Tax  ‘Y’ – debit interest could be netted against the credit

interest prior to calculating tax, if capitalisation dates are
same
 DR can be netted with CR and DR2 with CR2
Cr.Max.Rate  Define the capped rate for credit interest to be applied to

the credit balance type
Cr.Balance.Type  The balance against which interest is credited:

 Daily
 Average
 Minimum
GROUP.CREDIT.INT
Negative.Rates  ‘Yes’ – Allows negative interest rate, by either

applying a negative fixed rate or negative spread on
floating rate. Account will be debited with the interest
amount in spite of maintaining a credit balance.
Useful to penalise overdraft accounts with credit
balance
 ‘Block.Margin’ – Allows negative interest only if

negative effect from base rate/fixed rate, margin
cannot make a rate negative
GROUP.CREDIT.INT
Cr.Minimum.Bal  Specify minimum balance needed for interest

calculation
Cr.Min.Bal.St.Dte  A start and end date for minimum balance for interest
Cr.Min.Bal.Dte calculation can also be stated
Cr.Accr.Open.Ac  ‘Y’ – to calculate interest even if the account is opened

Cr.Accr.Close.Ac or closed in between the start and end dates, as long
as the balance type is minimum
Cr.Zero.Int.Bal  If balance in account falls below the value indicated in

this field any time during a capitalisation period, then
interest will not be paid for the entire capitalisation
period
GROUP.CREDIT.INT
Cr.Zero.Int.Oc  ‘Y’ – Accounts opened or closed during capitalisation

period will attract interest
Cr.Offset.Only  ‘Y’ – To offset first interest with the respective debit

interest without actually crediting the customer
provided the capitalisation dates are the same
 Same feature is allowed for the second interest using

Cr2.Offset.Only field
Setting Rules for Group Credit Interest
Menu Navigation

Taxes & Charges > Interest > Group Credit Int
Instructions

following rules in GROUP.CREDIT.INT for USD, with
immediate effect
 First credit interest calculated on minimum balance, 5%

fixed, whatever be the balance, provided there is a
minimum balance of USD 5,000 in the account between
10th and last of each month
 No interest is payable if balance falls below USD 2,000

any time during a month
Solution - Setting Rules for Group Credit Interest
Agenda
02 Parameters
09 General Charges
General Charges
T24 Account Interest, Charges and Statements > General Charges
Charges effective on the date of capitalisation are applicable for entire capitalisation period
Agenda
02 Parameters
09 General Charges
 Interest Related Charge
 Account Maintenance Charge
 Linking Charges to GENERAL.CHARGE
General Charges
T24 Account Interest, Charges and Statements > General Charges > Interest Related Charge
DEBIT.INT.ADDON A flat percentage charge on Debit interest amount
HIGHEST.DEBIT A flat percentage charge on the highest Debit balance

recorded
 Both charges are on Debit 1 interest and applied on capitalisation date

 Cannot be specified together as Interest related charges. HIGHEST.DEBIT
could however be collected like account maintenance charge also using
HIGHEST.DEBIT.CHG Field in GENERAL.CHARGE
 Currency wise Minimum, Maximum and Free amounts specified
 Free amount is deducted from calculated charge and then adjusted for
Minimum and maximum charge amount
 Default charges in local currency, for Currencies not specified
Debit int Addon
Menu Navigation
 Use Admin Menu > Framework Parameter > Account

> Account Charges > Debit int Addon
Instructions
 Set a rate of 1% with a minimum of USD10 and maximum

of USD100
 Use PL category code of 52004
 Use transaction codes 340 and 341

Solution - Debit int Addon
Highest Debit
Menu Navigation

> Account Charges > Highest Debit
Instructions
 2% with a default minimum of 10, maximum of 100 and a

free amount of 25 units of local currency

Solution - Highest Debit
General Charges
GOVERNMENT.MARGIN  A flat percentage calculated on overdraft

balances and collected on behalf of the
Government
INTEREST.STATEMENT  A flat fee levied for production of a Debit Interest

Statement
 Rates are maintainable. Rate on capitalisation date is
valid for entire period
 Id of these records is up to 2 numbers with month and year

 99 records can be set up under each type of these charges
 Linked to GROUP.DEBIT.INT through GENERAL.CHARGES. No direct link
 PL Category code and Transaction codes required
Interest Statement
Menu Navigation
 Use Admin Menu > Framework Parameter > Account >

Account Charges > Interest Statement
Instructions
 Set up a record with default charges of 10 units of local

currency and for GBP, charge amount of 5 units

Solution - Interest Statement
Agenda
02 Parameters
09 General Charges
General Charges
T24 Account Interest, Charges and Statements > General Charges > Account Maintenance Charge
 General charges related to accounts are two types – Interest related and
Account maintenance
 Interest related charges, levied when Debit 1 interest is applied

 DEBIT.INT.ADDON or HIGHEST.DEBIT,
 GOVERNMENT.MARGIN, INTEREST.STATEMENT
 Account maintenance or ledger fees, levied on last date of calendar month -

monthly, quarterly or half yearly as defined in COMPANY Table
 NUMBER.OF.CREDIT or TURNOVER.CREDIT,
 NUMBER.OF.DEBIT or TURNOVER.DEBIT,
 BALANCE.REQUIREMENT, TRANSACTION.CHARGE,
ACCT.STATEMENT.CHARGE
 Charges effective on the date of capitalisation are applicable for entire

capitalisation period
Slide 65
General Charges
NUMBER.OF.CREDIT  A fixed charge specified for each chargeable

credit entry which passed over an account
during the Capitalisation period
TURNOVER.CREDIT  A Percentage charge on the total value of

chargeable credit entries which pass over an
Account during the Capitalisation period
 Entries are chargeable only for those transactions

that have 'Y' in the TURNOVER.CHARGE Field in
TRANSACTION Table
 Both charges cannot be specified together
 Currency wise Minimum, Maximum and Free amounts can be specified

Number of Credit
Menu Navigation

Account Charges > Number Of Credit
Instructions
 Set up the following account maintenance related general

charges
 Use PL category code of 52005 for both records
 Default charge of 0.5 and free amount of 10

Solution - Number of Credit
Turnover Credit
Menu Navigation

> Account Charges > Turnover Credit
Instructions
 0.25%. Minimum 10

Solution - Turnover Credit
General Charges
NUMBER.OF.DEBIT  A fixed charge specified for each chargeable

debit entry which passed over an account during
the Capitalisation period
TURNOVER.DEBIT  A Percentage charge on the total value of

chargeable debit entries which pass over an account
during the Capitalisation period
 Entries are chargeable only for those transactions

that have 'Y' in the TURNOVER.CHARGE Field in
TRANSACTION Table
 Both charges cannot be specified together
 Currency wise Minimum, Maximum and Free amounts can be specified

Number Of Debit
Menu Navigation

> Account Charges > Number Of Debit
Instructions

charges
 Use PL category code of 52005 for all records
 For GBP, Charge amount of 0.5, Free amount of 10 and

maximum 15. Default charges 0.5
 Use transaction codes from out of 353 and 354
Solution - Number Of Debit
Turnover Debit
Menu Navigation

> Account Charges > Turnover Debit
Instructions
 0.25% for GBP with Maximum 200 GBP, Default charges

0.25%
 Use transaction codes from out of 357 and 358

Solution - Turnover Debit
General Charges
BALANCE.REQUIREMENT
 A fixed charge to be applied if a specified
Balance is not maintained
 Required Balance may be defined as Minimum
or Average Balance
 A range of charges for different Balances may
be specified
ACCT.STATEMENT.CHARGE  Charges for supplying full statement, copy thereof

or every sheet of the statement, with facility to
indicate number of free pages, minimum and
maximum amounts.
 Rates on capitalisation date is valid for entire period

 Id of these records is 1 or 2 digit number with month and year
 These records get linked to GROUP.DEBIT.INT through GENERAL.CHARGE
and hence have no direct link
Balance Requirement
Menu Navigation

> Account Charges > Balance Requirement
Instructions

charges
 Use PL category code of 52005 for both records
 Through command line set up

ACCT.STATEMENT.CHARGE
 Default charges 5, copies 3, every sheet 1 and free sheets 5
Solution - Balance Requirement
Solution - Balance Requirement
General Charges
 A fixed charge or a percentage on total value or

a FT.COMMISSION.TYPE on chargeable
transactions
 Id is up to 3 numbers with date and optionally a
GENERAL.CHARGE Id
TRANSACTION.CHARGE
 If GENERAL.CHARGE id is also included, then
this is specific to that . In that case, it has to be a
fixed charge amount
 Currency wise Minimum, Maximum and Free
amounts can be specified
 Calculated based on Individual Transaction
 Every time this transaction occurs in an account,
charges to be calculated
General Charges
TRANSACTION.CHARGE  Gets attached to any TRANSACTION record in

CHARGE.KEY Field
IMMEDIATE.CHARGE  Set ‘NO’ to this field in TRANSACTION record to

enable collecting these charges along with other
Account maintenance general charges, as they
cannot be applied immediately
 System maintains an internal file ACCR.ACCT.TRAN.CH with details of

currently accrued transaction based charges for each account
 Details are used at the time of capitalising the charges
 Daily transactions charges are calculated online
 All the Charges defined could be selectively collected or waived through option
in GENERAL.CHARGE
TRANSACTION.CHARGE
Menu Navigation
 Use the command line > TRANSACTION.CHARGE
Instructions

charges

 Attach the transaction charge for withdrawal transaction and

combine it with transfer transaction
 Attach FT.COMMISSION.TYPE of “ACCTCLOSE”.

 Default free amount 25
Solution - TRANSACTION.CHARGE
Agenda
02 Parameters
09 General Charges
General Charges
T24 Account Interest, Charges and Statements > General Charges > Linking Charges
DEBIT.INT.ADDON GOVERNMENT.MARGIN INTEREST.STATEMENT
HIGHEST.DEBIT
GROUP.DEBIT.INT
ACCOUNT.DEBIT.INT
BALANCE.REQUIREMENT ACCT.STATEMENT.CHARGE
TRANSACTION.CHARGE
NUMBER.OF.CREDIT NUMBER.OF.DEBIT
TURNOVER.CREDIT TURNOVER.DEBIT TRANSACTION

General Charges
 Id can be up to 4 digit number and effective date of charges
 Charges for a group of accounts or a particular account applied through

GENERAL.CHARGE.
 Applicable charges are linked through fields in the names of charges
 HIGHEST.DEBIT could however be collected like account maintenance charge
also using HIGHEST.DEBIT.CHG Field
 Interest related charges other than GOVERNMENT.MARGIN, can be

waived, if they maintain a stipulated minimum or average balance.
 Balance could be stipulated currency wise
 INT.CHRG.BAL.TYPE Field with choices of Minimum or Average
 INT.CHARGE.CCY and INT.CHARGE.BAL Fields for indicating currency wise
balance needed for the above and
 INT.CHARGE.DEF.BAL Field for default balance LCY equivalent
General Charges
 For foreign currency accounts, Account maintenance charges (other than

TRANSACTION.CHARGE) can be collected or waived
 Opting for Yes or No in CHARGE.OF.FCY.ACCT Field
 Minimum, maximum and free amounts of charges could be made

applicable once for the entire capitalisation period, or could be applied in
monthly steps by opting for P or M in Field CALCUL.STEP.PERIOD
 P for entire period and M for monthly
 If NUMBER.OF.CREDIT or TURNOVER.CREDIT, as also

NUMBER.OF.DEBIT or TURNOVER.DEBIT are proposed to be collected,
COMB.DEBIT.CREDIT Field to be set as NO.
General Charges
 Charges on transactions, set through TRANSACTION.CHARGE and linked

to TRANSACTION can be selectively applied
 TRANS.CODE.CHARGE Field can be opted as Yes or No
 Possible to combine charges of respective transactions into one and apply

rules of minimum, maximum and free according to rules of the selected
TRANSACTION.CHARGE
 COMB.TRNS.CHRG.CDE Field can be used to indicate the selected
TRANSACTION.CHARGE record numeric Id
General Charges
 Possible to opt for collecting or waiving all Account maintenance charges

(other than TRANSACTION.CHARGE), if the balance in an account is
negative
 WAIVE.CHRG.NEG.BAL Field with option Yes and No
 If opted for Yes, then even if the balance is negative only for a day, charges
are waived
 If CALCUL.STEP.PERIOD is set as M, then balances are checked for each
month separately.
 Charges collected only for those months when the account did not have
negative balance
 If it is set to P, then, charges collected only if there was no negative balance
through out the period of capitalisation
General Charges
 Account maintenance charges could be consolidated and applied as single

debit (except TRANSACTION.CHARGE )
 CHARGE.CODE.LEVEL Field to be set as COM for combining charges and IND
for individual transactions of charges
•If Combining charges is opted, then PL category, Credit and Debit transaction
and Tax codes for the combined entry should be specified
 When combined or collected individually, charges could be waived, if a

minimum value is stipulated in DEF.LOW.AMT.CHARGE Field or Currency
wise of LOW.AMT.CHARGE Fields
General Charges
 When Account maintenance charges are combined, it is possible to set

rules for waiving or offsetting, depending on type of balance specified in
OFFSET.BAL.TYPE as Minimum or Average
 Charges can be waived if accounts have balance indicated in

DEFAULT.MIN.AV.BAL or Currency wise MIN.AV.BAL
 If accounts maintain a credit balance as indicated in DEFAULT.BAL.NO.OFFSET

or Currency wise BAL.NO.OFFSET, then a notional interest can be calculated at
an interest rate indicated in PERCT.FOR.OFFSET using interest day basis
indicated in DEFAULT.DAY.BASIS or DAY.BASIS Fields
 Notional credit interest amount can be offset against the calculated charges
General Charge
Menu Navigation

Account Charges > General Charge
Instructions
Set up a record in GENERAL.CHARGE for Special savings accounts.
1.Include interest related charges created earlier for DEBIT.INT.ADDON
2.If the average balance is 10,000 and above in local currency and 5,000
and above in GBP, these charges could be waived
3.Rules for calculation applicable for entire period
4.Charges applicable for local as well as foreign currency accounts
5.Include charges created earlier for BALANCE.REQUIREMENT,
NUMBER.OF.CREDIT and TURNOVER.DEBIT
6.Combine and Collect all TRANSACTION.CHARGE. Use your charge
created earlier for applying minimum, maximum and free amount rules
Solution - General Charge
Linking General Charges to Group Debit Int
Menu Navigation

Taxes & Charges > Interest > Group Debit Int
Instructions
 Access GROUP.DEBIT.INT created earlier
 Replace the existing default General charges by the new

GENERAL.CHARGE created by you, so that the new general
charges are applicable to this group
 Authorise the record

Solution - Linking General Charges to Group Debit Int
Recap
1. CONDITION.PRIORITY
3. GROUP.
CAPITALISATION
2. ACCT.GEN.
CONDITION
6. ACCT.
CAPITALISATION 5. GROUP. 5. GROUP.
6. ACCOUNT. 6. ACCOUNT.
4. GENERAL.
CHARGE
3. BALANCE. 3. NUMBER. 3. OTHER

REQUIREMEN OF.CREDIT CHARGES...
T
Quiz
Xxx?
A. What is the role of

CONDITION.PRIORITY in
forming groups of
Accounts for differential C. What is the role of
treatment for interest and GROUP.CAPITALISATION?
charges? How is it linked to
ACCT.GEN.CONDITION?
B. What is the role of

ACCT.GEN.CONDITION?
Quiz
Xxx?
3. A Bank has set rules to

1. What are the possible collect 5% interest for
areas of preferential service balances of 50,000 and 6%
conditions for Account thereafter. What will be the
related operations? interest rate for an account
with a balance of 100,000
under Level and Band
methods?
2. What are the possible

4. A Bank wants to collect ways to differentiate
0.25% of debit interest as interest Capitalisation?
charges. What type of charge
would this be?
Quiz
Xxx?
3. For setting special conditions

for interest at Account level,
1. How are debit interest what should be the Id of
conditions defined for groups ACCT.GEN.CONDITION?
formed
in ACCT.GEN.CONDITION?
2.How are charges made

applicable to groups of
Accounts?
IC module – Transaction Cycler
T24 Transaction Recycler
 Transaction Recycler (RC) module captures transaction which cannot and

should not be completed - retries them until they are completed or
abandoned.
 Recycler captures the transactions which would put an account into

overdraft, or payments into loans and deposits which cannot be made
due to a lack of funds.
 Recycler automatically retries at pre-defined intervals for a pre-defined

period of time.
 Triggered by linking it to the conditions for processing during liquidation of

interest and charges
 Every failed transaction would be retried both during EOD and SOD
stages and would count to one attempt
Slide 100
Retry Accounting – Simple Charge book P&L
Credit P&L
Charge
Customer Debit Customer Debit Suspense
Account OD? Account
Credit Suspense
Retry Account
Transaction Debit Customer
Account
Retry Accounting – Charge with Suspense P&L
Credit CRF
Credit P&L
Charge suspense
OD?
Customer Debit Customer Debit Suspense
Account Account
Credit Suspense
Account
Debit CRF
Retry suspense
Transaction
Credit P&L
Debit Customer
Account
Transaction Recycler - Components
Defines accounting entries which need
to be captured and stored for recycling.
Recycling rules containing

Core and local routines called details of a particular set of
by the transaction cycler retry conditions
service
Set the ranks at transaction

level for the same type of
transaction. For example
Oldest overdue amount first
followed the largest amount
Prioritization by used to rank

by product within a
module (system id) – uses
category code
Holds transactions captured

by the Recycler or handed-off
to the Recycler by an
Application
Prioritization rules - used to

rank transactions by system
id
Updated On Settlement of
Recycled transaction if yes in
RC.CONDITION
Slide 103
Transaction Recycler – Retry Capture
 RC.CAPTURE should be enabled AC application or IC application as

required
 The record ID is EB.PRODUCT.ID and has to be enabled for any product
ID which needs Recycler.
 This table contains the default RC condition with RC type for handoff from
other applications.
 Individual system id requiring Transaction Recycling should be specified in
this table with RC.TYPE and RC.CONDITION
Slide 104
Transaction Recycler – RC.TYPE
RC.TYPE :
Defines core and local routines called by the transaction cycler service to
perform transaction specific processing.
Released as part of Core
RC.DETAIL records are selected and grouped by settlement account

Pre process settlement account is verified to get the outstanding due
amount for each transaction
The selected transactions are prioritised after verification
The process of retrying each transaction is carried out.
As a part of post process result is updated in RC.DETAIL.
Each field defines whether the message specific core

or local API routine to be called by the cycler
to perform the specific action
Slide 105
Transaction Recycler – Retry Condition
Payment type specific retry Conditions can be mapped

Retry condition defines
Retry Frequency
Retry Attempts or Retry Period
Partial settlement accepted interim or on last date.
The transaction type condition to be used in FT for settling transactions
Also, specifies the period for which RC.DETAIL is to be maintained and if
RC.DETAIL has to be written to RC.DETAIL.HIST
Slide 106
Transaction Recycler -Retry Priority for a settlement Account
Retry pending Transaction - Prioritisation rules :
RC.PRIORITY - Highest level – priority by system ID
RC.PRODUCT.PRIORITY - Next level – EB.PRODUCT Product category wise under
each Group
RC.CONTRACT.PRIORITY - lowest level – specify the prioritization characterized by
the individual arrangements on which the transactions are pending
RC.PRIORITY :
Master company or Lead Company specific records

Highest level prioritisation parameter - priority by AA product group
PREV.SETTLE indicates in a retry of ‘n’ transactions all transactions (even if different
dates) even if one fails none of the transactions should be considered for settlement.
Default option of previous settle can also be mentioned.
Slide 107
Transaction Recycler -Retry Priority for a settlement Account
RC.PRODUCT.PRIORITY:
Defines product priority under each
System ID (say IC) defined in
RC.PRIORITY. The product category
wise priorities are in turn Linked to the Contract wise priority records
RC.CONTRACT.PRIORITY:
contract priority of a particular product – when more than one transaction is
outstanding against a settlement account. The options are:
Based on Due type, The Due Rules are setup to
Group by dates, prioritise by amount outstanding or due date
Also possible to state that a transaction can be
completed in recycling only if the previous transaction
Of that account/contract is settled.
Slide 108
System Maintained Tables
RC.DETAIL: Live table stores each transaction for recycling-Record id * delimiters

Settlement Account - for multiple settlement accounts this will be the first one
Start Date – When the record was created
Product – EB.SYSTEM.ID from accounting entry or AA product,
Contract.id: original contract @ID or Contract-detail: bill @id for arrangements
RC.DETAIL.HIST- based on RC.CONDITION – Write to history if yes. After retry

period the record is stored in RC.DETAIL.HIST
Transaction Recycler – Online Service
Pending RC transactions processed online based certain trigger to the

underlying settlement account
RC.PENDING.TXNS holds RC.DETAIL ids of a settlement account
RC.RETRY.TRIGGER holds the trigger files for triggering online processing

written on Credit, debit in account, posting restriction or block removed
Transaction Recycler – Online Service
COB service for recycler is

BNK/RC.CYCLER.SERVICE
Online recycling for the trigger

records is achieved using the
BNK/RC.CYCLER.ONLINE.SERVICE
RC.CHANGE used to change status of an RC.DETAIL record – currently

terminate
Transaction Recycler – Locking funds
Blocked funds of account in AC.LOCKED.EVENTS can be mapped to

recycler for retry
RC.RETRY - decide if a blocked funds transaction should be captured
by RC framework and retried on pre-defined frequency or not.
BLOCK.PRIORITY – Priority to recycle for more

than one blocked funds in an account
Filed against the RC.PRIORITY setting
and decide the priority of processing
Transactions captured by recycler for retry, have facility to block funds
Funds blocked at settlement account for the retry amount and maps it
against the recycler transaction
Transaction Recycler – Locking funds
RC.CAPTURE
DEF.BLOCK.FUNDS as YES - creates locked events for retry/failed amount
with from date as transaction date
BLOCK.FUNDS – EB.SYSTEM specific choice for creating locked events
RC.TYPE
LOC.CAPTURE.CHK.RTN: facilitate the application or local routines to decide
if capture of a transaction is allowed or not.
PRTY.SORT: decides if applications can change the prioritisation order of a list
of pending transactions against a settlement account.
Local routine prioritisation order field is available
RC.CONDITION
START.DT.OPTION – Default is today, can be specific or relative date
DATE.CONVENTION – Option if retry date falls on a holiday
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T24 Account Group Parameters R15

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T24 Account Group Parameters

To know the parameter tables involved in Interest , Charges and

Understand the set up of the parameter tables

Interest and charges related conditions

Linking the charges

Preferential Service Conditions

Interest Charges Statements

Capitalisation  Interest application - When and at what frequency

Interest Types &  Fixed and floating - Currency wise

Charge Types  Fixed and Calculated - Currency wise

3. BALANCE. 3. NUMBER. 3. OTHER

 To define attributes like interest, charges and statement issuing frequency

 Savings account of non resident senior citizens

 Current account of corporates engaged in software industry

 Current account of private citizens of US nationality

 ACCOUNT-Company.code and STATEMENT-Company.code, for company wise rules

 Ranks proposed selection criteria and indicates applications from

 PRTY.VALIDATION Field indicates validation display as enrichment

Here CATEGORY and

 Possible to effect changes to the selection criteria and/or their ranking,

Effective date to be current or future date

 Use Admin Menu > Framework Parameter > Core

 Make the following changes to

 Get the record authorised

 Once CONDITION.PRIORITY records are created, respective General

 ACCT.GEN.CONDITION is to define rules for grouping together Accounts that

 STMT.GEN.CONDITION table is to define rules for grouping together Accounts

 When CONDITION.PRIORITY record is changed, these records can also be

 Use Admin Menu > Framework Parameter >

 Create a new category for an account product called

 Use Admin Menu > Framework Parameter >

 Create a new group in ACCT.GEN.CONDITION to group

Choices defined in CONDITION.PRIORITY are automatically defaulted in

MULTIVALUE Field : Indicate Y to include any desired combination.

FREQUENCY TYPE Field

 Use Admin Menu > Framework Parameter >

 Include Special savings account under the group YEARLY

 For the groups formed in ACCT.GEN.CONDITION, capitalisation rules for

 Daily, Business day, Twice in a month, Every nn month on dd day

 START.OF DAY.CAP Field allows to opt for capitalization process at start

 SETTLE.ACCT.CLOSE Field to indicate whether settlement account is

 Use Admin Menu > Framework Parameter >

 For the group created in ACCT.GEN.CONDITION, set the

 Debit frequency every business day

ID  Group, Currency & Effective date

Interest.Day.Basis  Defaulted from respective currency table

Dr.Balance.Type  Interest for the defined period is calculated on one of

Dr.Cacul.Type  Interest rate can be set differently for different

Example: Interest is indicated as 5% for balances up to USD 5,000 and 6% thereafter.

Dr.Limit.Amt  Amount up to which interest rate is valid

Dr.Int.Rate  Enter the fixed interest rate

Dr.Margin.Rate  Enter the margin to be applied over the floating rate

Dr.Margin.Oper  Operand to be used while using the margin rate over

Dr.Min.Rate  Indicate the floor rate for floating interest

Dr.Min.Value  Indicate the minimum interest rate to be debited

Dr.Min.Waive  Yes – to waive interest if below the minimum amount

Compound.Type  Specify number of compounding periods per year

Apr.Required  Select ‘Y’ if annual payment rate is required to be

Max.Legal.Rate  Indicate the maximum legal rate allowed to be collected

Max.Debit.Chg.Rate  Identifies the maximum charge percentage of the first

 Use Admin Menu > Framework Parameter > Interest,

 For the group created in ACCT.GEN.CONDITION, set the

ID  Group, Currency & Effective date