FINS BIAN Corporate Current Account Process API

Executive Summary

This service domain orchestrates a corporate checking/demand deposit account. The typical range of services and fees covers payments and deposits, standing orders, sweeps, liens, check and debit card access.

Examples of Use

A corporate customer established a corporate current account with the bank and requests a series of services (e.g., request printed statements, initiate a transfer, set up a standing order)

Role Definition

The Corporate Current Account is a financial facility that represents the general checking account facility at the core of corporate banking activity. There is a range of supporting features that make up the standard facility (checks/cheques, standing orders, debit cards, phone and on-line banking services etc.). The fulfillment can include a range of optional services, fees and interest payments and penalties and will often be bundled and or underlie/support other financial facilities and financial transactions

Related Business Scenarios

PROCESS CANCELLATION OF DEBIT CARD SERVICE OF CORPORATE CURRENT ACCOUNT TO BE CLOSED

PROCESS INVOCATION OF CASH MANAGEMENT SERVICE

EXT HANDLE REQUEST TO ESTABLISH CREDIT TRANSFER STANDING ORDER ON CORPORATE CURRENT ACCOUNT

PROCESS INCOMING DIRECT DEBIT INSTRUCTION AT DEBTOR BANK

HANDLE REQUEST TO REACTIVATE DORMANT CORPORATE CURRENT ACCOUNT

HANDLE REQUEST TO TERMINATE SWEEP AGREEMENT

HANDLE REQUEST FOR CORPORATE DEBIT CARDS SERVICE

CANCEL STANDING ORDERS OF CORPORATE CURRENT ACCOUNT TO BE CLOSED

EXT HANDLE REQUEST FOR PREFERENTIAL RATES FOR CORPORATE CURRENT ACCOUNT

EXT HANDLE REQUEST FOR EARLY RENEWAL OF TERM DEPOSIT

HANDLE REQUEST FOR NOTIONAL POOLING AGREEMENT

EXT RECORD CORE SEPA DIRECT DEBIT MANDATE AT CREDITOR BANK

EXT HANDLE REQUEST TO ADD SIGNATORY TO CORPORATE CURRENT ACCOUNT

PROCESS SALARY PAYMENTS FOR INTERNAL ACCOUNTS

EXT PROCESS B2B DIRECT DEBIT MANDATE NOTICE FROM CREDITOR BANK AT DEBTOR BANK

HANDLE REQUEST TO USE DIRECT DEBITS AS PAYMENT INSTRUMENT

PROCESS REQUEST FOR REFUND OF OUTGOING DIRECT DEBIT AT CREDITOR BANK

EXT HANDLE REQUEST TO CHANGE CORPORATE CURRENT ACCOUNT OWNERSHIP

PROCESS OUTGOING DIRECT DEBIT INSTRUCTION AT CREDITOR BANK

PROCESS CASH MANAGEMENT PAYMENTS

EXT HANDLE REQUEST TO CHANGE TERM DEPOSIT ATTACHED CORPORATE CURRENT ACCOUNT

PROCESS REQUEST FOR AMOUNT BLOCK

EXT HANDLE REQUEST TO CLOSE VIRTUAL ACCOUNT

EXT HANDLE REQUEST FOR HIGH VOLUME ACCOUNT OPENING

PROCESS PAYMENT OF OUTGOING DIRECT DEBIT AT CREDITOR BANK

EXT HANDLE REQUEST FOR COMBINED ACCOUNT STATEMENT

HANDLE REQUEST TO CLOSE CORPORATE CURRENT ACCOUNT

EXT HANDLE REQUEST TO OPEN CORPORATE CURRENT ACCOUNT

EXT HANDLE REQUEST TO REACTIVATE DORMANT CORPORATE CURRENT ACCOUNT

HANDLE REQUEST FOR COMBINED ACCOUNT STATEMENT

HANDLE REQUEST TO OPEN TERM DEPOSIT UNDER TERM DEPOSIT AGREEMENT FOR CORPORATE CUSTOMER

EXT HANDLE REQUEST TO CHANGE VIRTUAL ACCOUNT OWNERSHIP

HANDLE REQUEST TO ADD ACCOUNT TO SWEEP AGREEMENT

PROCESS B2B DIRECT DEBIT MANDATE NOTICE FROM CREDITOR BANK AT DEBTOR BANK

EXT HANDLE REQUEST TO MOVE OVERDRAFT LIMIT BETWEEN VIRTUAL ACCOUNTS

EXT HANDLE REQUEST TO USE DIRECT DEBITS AS PAYMENT INSTRUMENT

PROCESS BANK INTERNAL INSTRUCTION TO BLOCK CORPORATE CURRENT ACCOUNT

PROCESS END OF DAILY BOOKING WINDOW FOR ACCOUNT DORMANCY

EXT HANDLE REQUEST TO ADD ACCOUNT TO SWEEP AGREEMENT

EXT HANDLE INSTRUCTION TO TERMINATE B2B DIRECT DEBITS SERVICE AT CREDITOR BANK

HANDLE REQUEST TO ADD RELATED PARTY TO CORPORATE CURRENT ACCOUNT

RECORD CREDIT BOOKING

PROCESS INCOMING CREDIT TRANSFER AT CREDITOR BANK TOWARDS OUTGOING REQUEST FOR PAYMENT

HANDLE INCOMING FCY CREDIT TRANSFER FOR LCY ACCOUNT

PROCESS INTERNAL DIRECT DEBIT INSTRUCTION

EXT HANDLE REQUEST FOR OVERDRAFT LIMIT ON VIRTUAL ACCOUNT

HANDLE REQUEST FOR EARLY CLOSING OF TERM DEPOSIT

HANDLE REQUEST FOR INTERNAL CREDIT TRANSFER BETWEEN CORPORATE CURRENT ACCOUNTS

EXT HANDLE REQUEST TO PRE-OPEN CORPORATE CURRENT ACCOUNT

DISBURSE CORPORATE LOAN

HANDLE REQUEST TO CHANGE TERM DEPOSIT ATTACHED CORPORATE CURRENT ACCOUNT

EXT HANDLE REQUEST TO OPEN TERM DEPOSIT UNDER TERM DEPOSIT AGREEMENT FOR CORPORATE CUSTOMER

HANDLE REQUEST FOR INTERNAL CREDIT TRANSFER REQUIRING SECOND LINE AUTHORISATION

PROCESS INTEREST BOOKING BY ACCOUNTING

HANDLE REQUEST FOR EARLY RENEWAL OF TERM DEPOSIT

HANDLE REQUEST TO ESTABLISH CREDIT TRANSFER STANDING ORDER ON CORPORATE CURRENT ACCOUNT

PROCESS SALARY PAYMENTS FOR EXTERNAL ACCOUNTS

HANDLE REQUEST TO CANCEL CREDIT TRANSFER STANDING ORDER ON CORPORATE CURRENT ACCOUNT

EXT HANDLE REQUEST FOR CORPORATE DEBIT CARDS SERVICE

HANDLE REQUEST TO OPEN CORPORATE CURRENT ACCOUNT

EXT HANDLE REQUEST FOR EARLY CLOSING OF TERM DEPOSIT

HANDLE INSTRUCTION TO TERMINATE B2B DIRECT DEBITS SERVICE AT CREDITOR BANK

HANDLE REQUEST FOR PAYMENT AT CREDITOR BANK FOR EXTERNAL ACCOUNT

HANDLE REQUEST FOR REFUND OF INTERNAL DIRECT DEBIT

PROCESS INTEREST SETTLEMENT

EXT HANDLE REQUEST TO CLOSE CORPORATE CURRENT ACCOUNT

HANDLE REQUEST FOR REFUND OF INCOMING DIRECT DEBIT AT DEBTOR BANK

HANDLE REQUEST FOR CORPORATE SWEEP AGREEMENT

PROCESS CLEARING ERROR FOR OUTGOING CREDIT TRANSFER

HANDLE REQUEST FOR PREFERENTIAL RATES FOR CORPORATE CURRENT ACCOUNT

HANDLE REQUEST FOR CORPORATE SWEEP AGREEMENT CONSIDERING INTER-COMPANY LOAN AGREEMENTS

PROCESS REJECTION MESSAGE FOR OUTGOING DIRECT DEBIT AT CREDITOR BANK

DETERMINE DYNAMICALLY CALCULATED AVAILABLE BALANCE

EXT HANDLE REQUEST TO TERMINATE SWEEP AGREEMENT

PROCESS OPENING OF LOAN SERVICING ACCOUNT

RECORD DEBIT BOOKING

PROCESS NOTIFICATION TO REMOVE AMOUNT BLOCK

Core Business Object

CURRENT ACCOUNT AGREEMENT

Key Features

• Set-up corporate current account facilities
• Issue cards, check-books for an account
• Process deposits and withdrawals
• Handle standing orders and direct debits
• Process fees and apply interest charges
• Provide balance/statements and reports

Customers can use this integration template to accelerate implementation.