The Deposit Management System is one of the products in our Deposit Management Suite Suite. It can seamlessly integrated with our Branch Delivery System or Tellering System
The Deposit Management System is the core application of the proposed system from our Company. It houses all major information such as Customer Information, Accounts, Products and performs major processes such as Inclearing, Interest Computation, Service Charging and Reports Generation.
Our Branch Delivery System provides the branches, the major interface to the Deposit Management System. Data stored in this application are mostly used for security, enabling the front-end system to perform transaction validations (i.e. Access rights and limits checking) before the actual transaction is forwarded to the Host.
Under the system, the bridge shall only act as a pass-through between the Branch Delivery System and the Deposit Management System.
2. Banking Cycle Start of Banking Day Open Branch Process Transactions End-of-day Balancing Close Branch Process Inward Check End-of-day Batch Processing End of Banking Day Triggers the change of banking day Over the Counter and Other Financial Transactions Non-Financial Transactions Processing of Outward checks sent to Central Clearing Tellers Total, Cash in Vault, Review of validation slips Triggers the end of branch transactions Inward Return Inward Check Returned Check and Other Cash Items (RCOCI) Automatic Fund Transfer Service Charging Interest Computation and Posting TD Accruals, etc. Branch Delivery System Deposit Management System
3. PROCESS FLOW (Branch Level) Open Branch Financial Transactions Back-Office and Non-Financial Transactions Late Check Processing Cashier/Teller prepare for Financial Transactions Teller PICOS In Process Over the Counter Transactions Teller Cash Transfer/Request Cashier/Teller End-of Day Balancing Teller PICOS Out Printing of Batch Reports Post Back-office Transaction GL Balancing Process Non-Financial Transactions Process Outward Check Send to Central Clearing Turnover of Validation slip Downloading of Data Bkpr End-of-day Balancing Close Branch
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15. CONCEPT OF OUTWARD/INWARD CHECK Bank1 client issue a check (5,000) to a Bank2 Client Bank2 Client deposit the check to his Bank2 Account At clearing cut-off, Bank2 collates all check deposits Outward Checks (Bank2) will be sent to PCHC PCHC will segregate and send checks to corresponding banks Inward Checks (Bank1) sent by PCHC Inward Check Processing Check amount will be debited to the account balance Inward Return? YES End of Process, check will not be returned NO Bank1 will contact the client for RCOCI Disposition Lodged to RCOCI Honor Check? Debit the check amount including honor charge to the account YES NO Outward Checks (Bank1) will be sent to PCHC together with the Returned Checks DAY 1 DAY 2 Sufficient Balance? DAY 1 Outward Bank2 DAY 1 Inward Bank1 DAY 2 Outward Bank1 Inward Checks (Bank2) sent by PCHC DAY 2 Inward Bank2 Debit check deposited YES NO Day 3 , check will be cleared
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40. END OF DAY BATCH PROCESS EXTRACTION OF NOBOOK ITEMS Date Trancd Credit Debit 1/15/08 NCSHDP 1000 1/16/08 NCHKDP 2000 1/16/08 NCSHDP 1000 1/17/08 NWDL 5000 1/19/08 NWDL 7000 1/25/08 NCSHDP 2000 Date Trancd Credit Debit 1/31/08 CMEXTR 6000 1/31/08 DMEXTR 12000