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Murabaha Creation User Manual

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1. 1 103 ORACLE 1 16 37 Ratios Tab In the Ratios tab the system calculates the stated and actual income debt ratios and also calculates the ratio based on What if payment amount Islamic Murabaha Underwriting Transaction Branch Code 001 Save vil Hold Application Category MURABAHA 23 Lead d Application Number IslamicMurabahaAccou Product Code MURK Enquiry ID User Reference 001MURK12312001 Description MURABAHA TENOR F Application Priority Low Application Branch 001 Application Status Underwriting Application Date 2012 11 07 Applicant Details Type Primary adl LocalBranch 000 CustomerNo 000000103 Customer Name PAVIT address Main Details Financial Requested Limit Collateral Credit Score Bureau MB Financing Component Charge Investigation Comments Stated Actual Assets Monthly Income Monthly Income Liabilities Monthly Debt Monthly Debt Net Worth What if Payment Amt Calculate Ratios 10f1 Ratios Stated Before Stated After Actual Before Actual After Documents Multiple Asset Review Customer Dedupe Loan Dedupe Customer MIS Customer Account MIS Customer Account Fields Vehicle Evaluator Prev Remarks Remarks Audit The stated income and debt of the customer are displayed here You can capture the following additional details here Actual Monthly Income
2. Country Nationality Language SSN Customer Category Financial Currency Group Code Mobile Number Landline Number Email Fax First Name Middle Name Last Name Salutation Gender Date of Birth Mothers Maiden Name Marital Status Dependents Passport Number Passport Issue Date Passport Expiry Date Mr maie Married Account Details Account Branch Account Class Account Number Corporate Details Date Capital Net Worth Business Description Country Multiple Asset KYC Review Customer Dedupe Loan Dedupe Customer MIS Customer Account MIS Customer Account Fields Prev Remarks Remarks Audit The system displays all the customers associated with the finance application with internal status displaying whether the customer information is available or not Click Review button to view all customer information and perform KYC and SDN checks 1 88 ORACLE Review Application Number IslamicljarahAccount389 e YC Review Details Local Branch First Name Middie Name Last Name Date of Birth Country Nationality 000 PAVIT PAVIT 1917 03 04 GB G8 E Maintenance Summary Authorization Status KYC Reference KYC Customer Type Records per page 15 111414 1 or 1 Authorization Status Authorized Authorized Authorized Authorized Authorized
3. Main Details Financial Requested Limit Collateral Credit Score Bureau Ratio Component Charge Investigation Comments Pricing Pricing ID D Multiple Offers 101 Offer Id No ofinstaliments Frequency i Rate Rate Code Check Apply OFFER12 c 12 1 Monthly 1 j Financing Details Branch 001 E Value Date 2012 11 07 No ofinstaliments 12 Account Number Maturity Date amp Frequency 1 Financing Currency GBP 28 Installment Start Date E Unit Daily Financing Amount 20 000 00 Status Change Mode Hamish Jiddayah Close Collateral Hamish Jiddayah 96 End Construction Date e Effective Date User Defined Element Values Intermediary 10 E 10 E 101 Effective Date User Defined Elementid UserDefinedEleme Intermediary Code Intermediary Ratio s zi y Bureau Report Loan MIS Loan Fields Prev Remarks Remarks Audit Specify the following details 1 105 ORACLE Pricing ID Based on the formula maintained in Pricing Maintenance screen the system automatically applies a price ID to the application However you can apply a different price ID that matches the application
4. Application Category H Leadid 8 Application Number IslamicMurabahaAccou Product Code az Enquiry ID ai User Reference Description Default Application Priority Low Application Branch 007 Application Status Application Entry Application Date 2012 05 15 2 Applicant Details Type Primary Y Local Branch Customer No 001 Customer Name Main Details Financial Requested Collateral Comments Liability Details Line Details Pool Details Liability No a Line Code 8 Pool Code Liability Name Line Serial Pool Description Main Liability No Main Line Code Pool Currency Liability Branch B Line Branch B Pool Amount Liability Currency Line Currency L Pool Utilized Overall Limit Limit Amount Collateral Amount Effective Line Amount Limit Collateral Basis Effective Line Amount Documents Multiple Asset Customer Dedupe Loan Dedupe Customer MIS Customer Account 5 CustomeriAccount Fields Prev Remarks Remarks Audit You can specify the following details here Liability Details Liability Number Specify the Liability Number If the Liability Number is customer group then all customers under this group should have same Liability Number 1 56 ORACLE Liability Name Specify the Liability Name here A maximum of 35 characters are allowed in this field Liability B
5. eee eese enne nnne trennen nennen eren rennen 1 65 1 16 17 Specifying Total Amount Details eese eene nenne nennen nennen rene os 1 65 1 16 18 Specifying Insurance Details eese 1 66 1 16 19 Specifying Balance Details eee tid etre terr iot tert i enero ro pede niega 1 66 1 16 20 gn P R 1 66 1 16 21 Specifying Equipment Details eese esee esee enne nennen tree trennen nennen eren rennen 1 67 ORACLE 1 16 22 Specifying Seller Details ire a P ER EP 1 68 1 16 23 Specifying Balance Details eese dinir enn ens 1 69 1 16 24 Specifying Evaluator Details eese eene nennen nennen trennen rennen 1 69 1 16 25 Pr p rt Assel M 1 70 1 16 26 Capturing Property Details ee eerte t ette ere beber arte ebore e ER er PEE Ee 1 70 1 16 27 Specifying Vendor Details iere tt Pret IR Lebe Brea de ep reo 1 73 1 16 28 Specifying Amount Details eese esee eene nennen eene tne trennen trennen trennen rennen 1 73 1 16 29 Specifying Insurance Details eese eene E o eni a ens 1 73 1 16 50 Specifying Evaluator Details eese eene nnne trennen nennen rene 1 74 1 16 31 Specifying Balance Details 4 i ret HE
6. AND or OR Based on the formula and the finance application category the system automatically applies a price ID to the application You can apply a different price ID that matches the application only at the Underwriting Stage If you change a price ID selected by the system and reapply a different price ID the system changes the score of the pricing rule The score determines the price ID to be automatically applied Offer Click Offer button to define the offers for pricing ID Offer Details 10f1 Sequence Number ScoreFrom ScoreUpTo Rate Noofinstallments Frequency Units 1 Monthly X Based on the score and the finance application category the system automatically applies a price ID to the application You can apply a different price ID that matches the application only at the Underwriting Stage 1 35 ORACLE Sequence Number The system displays the sequence number Score From Specify the minimum score range for the offer Score Up To Specify the maximum score range for the offer Rate Specify the loan rate for the loan No of Installments Specify the Number of Loan Installments Schedules Frequency Specify the Loan Schedule Frequency Units Specify the Loan Schedule Frequency Unit Basis 1 16 Stages in Murabaha Finance Origination The different stages in Murabaha process flow are designed using Oracle BPEL fr
7. Authorized Authorized Authorized Authorized Authorized Authorized Ll Record Status Open Open Open Open Open Open Open Open Open Open Open KYC Reference 0002 112450005 001ZKYC112450004 001ZKYC112450005 001ZKYC112450007 001ZKYC112450001 001ZKYC112450002 001ZKYC112450003 001ZKYC112450006 019ZKYC112490001 022ZKYC121530002 WB1ZKYC121300003 Customer No 000000103 Extenal Status Extenal Remarks SON Status SON Remarks Record Status Failed Possible Match z Failed Possible Match v Full Name of Customer Risk Level Full Name of Customer MILLER WARDRU S CLARKS PULASCAR AAPOUL GOLDSMITH M COMMERZAG SUOP ALLENA PUAL SCOTTS DSFSDF 022003725 David Walter Retail Customer Retail Customer Retail Customer Retail Customer Retail Customer Retail Customer Retail Customer Retail Customer Retail Customer Retail Customer Retail Customer KYC Customer Type JB Risk Level Level 1 Level 2 Level 2 Level 1 Level 1 Level 3 Level 2 Level 3 Level 1 Level 1 Level 1 1 89 ORACLE Alias Names summary Name Date of Birth Country Z i Records page 15 111414 1 or 1 Name Date of Birth Country a BHARAT Once reviewed the verifier provides the review status and remarks You can perform a check on the customer rec
8. Collateral Details Collateral Branch Select the finance applicant s collateral branch from the adjoining option list Collateral ID Select the collateral ID from the adjoining option list Collateral Description Give a brief description on the collateral Collateral Currency Select the collateral currency from the adjoining option list 1 59 ORACLE Collateral Value Specify the collateral value Start Date and End Date Specify the tenor of the collateral using the Start Date and End Date fields The collateral is considered effective only during this period Collateral Category Select the collateral category from the adjoining option list Collateral Type Select the collateral from the adjoining drop down list The options are e Market based e Guarantee e Normal Linked Percent Specify percentage of the part of the collateral amount which has to be linked to the pool Linked Amount Specify the part of the collateral amount which has to be linked to the pool Haircut Specify the bank s margin Haircut to be assigned for Collateral Haircut applied by the system as per the Haircut schedule would be displayed here Revaluate Collateral Check this box to revaluate the collateral Revaluation Date Specify the date on which the next revaluation has to be done Revision Date Specify the date on which this collateral has to be revisited for review Charge Type Select the
9. Information Message ST ACQR 001 Acquire Successful Step 4 Internal Blacklist Check Stage The information against Internal KYC and SDN checks are verified in Internal blacklist check stage Only users belonging to the CEROLE Compliance Executive can perform this task If you have requisite rights acquire it from the list by clicking the Acquire button adjoining the desired task The following screen will be displayed 1 83 ORACLE The task will be moved to the Assigned task list Select the checkbox against your Workflow Ref No and click Acquire button Go to the Acquired task list and double click on the record to invoke the following screen Islamic Murabaha Internal Save Hold Application Category Leadid Product Code Enquiry ID Description Application Branch 007 Application Date 2012 05 15 Application Number User Reference Application Priority Low Application Status Application Entry J Details Financial Requested Limit Collateral Comments Channel Intermediary Group Applicant Details 10f Required Auto Decision Required Type Existing LocalBranch Customer No x Default ShortName Customer Name National Id C External Credit Check Required Responsibility Liability Country Nationality Language SSN Customer Category Financial Currency
10. v You can specify the following details here Sequence Number The sequence number is automatically generated by the system Score Specify the score associated with a credit risk Grade Specify the credit grade based on the score obtained Specifying Auto Decision Details While creating finance you need to decide whether the applicant is eligible to receive finance from the bank Auto Decision feature in Oracle FLEXCUBE decides whether to approve or reject an application It also gives the stipulations or reasons for the decision To use this feature you need to maintain the Auto Decision details in Auto Decision screen 1 15 ORACLE 1 6 E Auto Decision 1011 Serial Number Credit Decision AUTO REJECT iz 20 RECOMMEND REJECT s 30 RECOMMEND APPROVE AUTO APPROVE iz Specify the following details Serial Number The system displays the serial number Score Specify the maximum credit score of the finance applicant for the system to make the corresponding auto decision The score is maintained based on the Risk Factor maintained in Rule details screen Auto Decision Specify the auto decision to be made for each credit score You can maintain the maximum credit Scores for each of the following decisions e Auto Approved e Recommend Approval e Recommend Reject e Auto Rejected While creating finance based on the applicant s credit score and auto decision mapping
11. 1 4 ORACLE Passport Expiry Date Specify the date on which the customer s passport expires or select the date from by clicking the adjoining Calendar icon Passport Issue Place Specify the place where the customer s passport was issued E mail Specify the e mail Id of the prospective customer Dependents Specify the number of dependents for the customer Marital Status Select the marital status of the prospective customer from the drop down list The following options are available e Married e Unmarried e Divorcee e Remarried e Separated e Spouse Expired 1 3 2 Details Tab You can capture the address and employment related details of the prospective customer in Details tab 1 5 ORACLE Prospect Details Save Hola Lead Id Branch Code 002 Financing Type Retail Description Date of Enquiry 2012 11 07 Reason Applicant Details Type Primary Customer Name Requested Address Details Address Line 1 Zip Address Line 2 Contact Number Address Line 3 Country Address Type Permanent x Current Employment Details Address Line 1 Extension Address Line 2 Contact Phone Address Line 3 Contact Name Country Contact Extension Zip Department Phone Number Comments Employer Employment Full Time Occupation D
12. Account Code SAVI Account Mask bbnnnnnnnnnn 1 16 4 Capturing Customer MIS You can capture the MIS details for the customer if any by clicking MIS button in the Application Entry screen The Customer MIS screen gets displayed where you can maintain the MIS details Customer MIS Application Number IslamicljarahAccount389 gt Customer No 000000103 MIS Group MIS GRP1 Local Branch 000 Default From MIS Group iLink to Group m es Customer MIS Classes 10 MIS Class MIS Code CUST CUST_C1 M NCUST CUST_NC1 F BUS_SEGMT AIR v cu REGION Lon MS Class Change Log Transfer Log 1 48 ORACLE 1 16 5 Capturing Customer Account MIS You can capture the MIS details for the Customer Accounts by clicking Customer Account MIS button in the Application Entry Screen The Customer Account MIS screen gets displayed where you can maintain the MIS details Customer Account MIS Applicaton Number IslamicljarahAccount389 C Customer 000000103 Branch Code 000 Account 0000001234507 e Account Class SAVIN Currency GBP Transaction MIS Transacton MIS 1 401 Transacton MIS 2 Transacton MIS 3 Transacbon MIS 4 Transacton MIS 5 Transacbon MIS 6 Transacbon MIS 7 Transacbon MIS 6 Transacton MIS 9 Transaction MIS 10 Composite MIS Composite MIS 1 Composite MIS 2 Composte MS 3 Composite MIS 4 Composte MIS 5 Composite MIS 6 Composite MIS 7
13. Consumer Statements Credit Bureau Report Application Number IslamicMurabahaAccou Requested Id 1425 Report Header Bureau First Name MiddleName Last Name Birth Date Consumer Statement 10f1 Reported Date Text Customer No 000000103 External Agency Agent1 Credit Report Id Report Date Unique Id OnFile Date Best Match Summary 1 Summary 2 Trade Lines Public Records Collections Fraud Messages Inquiries Also Known As Consumer Statement Credit Scores E m 1 101 ORACLE Credit Score Details Credit Bureau Report Application Number IslamicMurabahaAccou Requested Id 1425 Report Header Bureau First Name MiddleName Last Name Birth Date Customer No 000000103 External Agency Agent1 Credit Report Id Report Date Unique Id OnFile Date C Best Match Summary 1 Summary 2 Trade Lines Public Records Collections Fraud Messages Inquiries Also Known As Consumer Statement 9 Credit Scores Score Model Score Score Factor 1 16 36 1 Capturing Loan MIS Details You can capture the Finance MIS details by clicking Finance MIS button in Murabaha Finance Underwriting screen The Finance MIS screen gets displayed where you can capture the details Loan mis Application Number IslamicMudarabahAccou Ie Loan Account Number 000MUDM12065021 Link To
14. CustomeriAccount Fields Vehicle Evaluator Bureau Report Loan MIS Loan Fields Prev Remarks Remarks Audit The set of questions used to assess the credit rating of a prospective finance customer associated Rule Id are displayed in this screen You can specify the following details here System defaults the Category and Question as maintained in the Rule You can select the Answer from the option list 1 95 ORACLE Click Calculate button to calculate the credit score and the grade based on the formula maintained for calculating the credit score The Grade and the Score are displayed based on this calculation 1 16 36 Bureau Tab You can interface with external credit bureaus and view report obtained from them in Bureau tab Based on the reports that are obtained from the external bureaus the underwriter determines whether to approve the finance to the customer or not E islamic Murabaha Underwriting Transaction Branch Code 001 Save Hold Application Category MURABAHA_23 Lead Id Application Number IslamicMurabahaAccou e Product Code MURK Enquiry ID User Reference 001MURK12312001 Description MURABAHA TENOR F Application Priority Low Application Branch 001 Application Status Underwriting Application Date 2012 11 07 Applicant Details Type Primary M Local Branch 000 CustomerNo 000000103 Customer Name address Main Details Financial Requested Limit Colla
15. Document Capture 2 Application The details captured as part ORDMURAV PROCEED 2 Verification of Application Entry stage RETURN is verified CANCEL 3 Application The details captured as part ORDMURMV PROCEED 3 Management of Application Entry stage RETURN Verification is verified if approval level CANCEL is more than 1 4 Internal Blacklist The Customer details ORDMURKI PROCEED 4 Check captured as part of CANCEL Application Entry stage can be verified for Internal Blacklist check 5 External The Customer details ORDMURKE PROCEED 5 Blacklist Check captured as part of CANCEL Application Entry stage can be verified for External Blacklist check 1 39 ORACLE 6 Underwriting The following details are ORDMURUD VERIFY 6 eid as part of this PROCEED 9 RETURN Applicant Financial Ratios CANCEL Applicant Credit Score Applicant Bureau Report Finance Offers Finance Schedules Finance Charges Collateral Valuation Document Capture Advice Generation 7 Finance Finance Approval ORDMURAR PROCEED 7 Approval RETURN CANCEL 8 Document Document Verification ORDMURDV PROCEED 8 Verification Final Verificati RETURN inal Verification CANCEL Customer Creation Finance Account Creation Advice Generation 9 Customer The system task is used to ORDMRMCU PROCEED 9 Account create the following Finance Collateral Cust
16. Pricing Group Specify the pricing group to be linked to the Murabaha application category The option list displays all valid pricing groups applicable Choose the appropriate one 1 28 ORACLE 1 13 1 Main Tab You can capture the following details in the Main tab Product Details You can specify the following details related to the finance product here Product Code Specify the identification code of the finance product to be linked to the application category being maintained You can also select the product code from the option list provided Product Description The description associated with the selected finance product gets displayed here Default Check this box to indicate if the finance product selected should be maintained as the default product for the application category Other Details You can capture the additional details related to the finance product here Offer Id Specify a unique identification for the finance offer being made to the customer No of Installments Specify the number of instalments associated with the finance Units Select the units based on which the finance disbursement should be carried out The following options are available in the option list e Daily e Weekly e Monthly e Quarterly e Half Yearly e Yearly e Bullet Frequency Specify the frequency at which the finance disbursement should be carried out Rate Specify the profit rate to be associated wi
17. menu and select Assigned under Standard option All tasks that have been successfully completed are listed in the right side of the screen Select the checkbox against your Workflow Ref No and click Acquire button at the top of the screen to acquire the next stage of the task which will be the underwriting stage again The following message gets displayed on successful acquisition of the task Information Message Information Message ST ACQR 001 Acquire Successful Click Ok to proceed to the next stage To select the acquired task for the next stage select Acquired under Standard option in the Task menu All the tasks that have been successfully acquired are displayed in the right side of the screen Search for your workflow reference number and click the Workflow Ref No to open Murabaha Underwriting screen You can click Report button adjacent to credit rating record or credit bureau record to view the report obtained from the credit rating agency or the credit bureau The following reports can be viewed 1 98 ORACLE Summary1 Credit Bureau Report Application Number IslamicMurabahaAccou Requested Id 1425 Report Header Bureau First Name MiddleName Last Name Birth Date Summary 1 Summary 2 Trade Lines Public Records Collections Fraud Messages Inquiries Also Known As Consumer Statement Credit Scores Life Chapter Chapter11
18. Chapter13 Total Summary 2 Credit Bureau Report Application Number IslamicMurabahaAccou Requested Id 1425 Report Header Bureau First Name MiddleName Last Name Birth Date Recent Customer No 000000103 External Agency Agent1 Credit Report Id Report Date Unique Id On File Date Best Match Open Chapter Chapter Chapter11 Chapter11 Chapter13 Chapter13 Total Total Customer No 000000103 External Agency Agent Credit Reportid Report Date Unique Id On File Date C Best Match Summary 1 Trade Lines Public Records Coll Inquiries Auto Bank Card Retail Financing Qalac Einanca lections Fraud Messages Inquiries Also Known As Consumer Statement Credit Scores 6M 12M 24M Total Newest Mdoct Trade Lines Credit Bureau Report Application Number IslamicMurabahaAccou Requested Id 1425 Report Header Bureau First Name MiddleName Last Name Birth Date Customer No 000000103 External Agency Agent1 Credit Report Id Report Date Unique Id On File Date C Best Match Summary 1 Summary 2 8 Public Records Collections Fraud Messages Inquiries Also Known As Consumer Statement Credit Scores Trade Lines 10f1 CreditorsName Status Type Type Code PastDue Amt Balance Balance Date OpenDate HistoryDate History Data 30 60 90 1 99 ORACLE Public Records Cre
19. Composite MIS 8 Composite MIS 9 Composte MIS 10 Cost MIS Cost MIS 1 Cost 5 2 Cost 5 3 Cost MIS 4 Cost MIS 5 1 49 ORACLE 1 16 6 Details Tab The address and employment related details of the customer corresponding to the Lead Id selected are displayed in this tab You can modify these details if required Islamic Murabaha Application Entry Save Hola Application Category E Lead Id Product Code E Enquiry ID Description Application Branch 007 Application Date 2012 05 15 Applicant Details Type Primary Local Branch Customer No 8 Financial Requested Limit Collateral Comments Address Details Address Line 1 Address Line 2 Address Line 3 Address Type Permanent v Current Employment Details Address Line 1 Address Line 2 Address Line 3 Country Zip Phone Number Employer EmploymentType Full Time Occupation Designation Employee Id Application Number IslamicMurabahaAccou User Reference Application Priority Low Application Status Application Enty Customer Name Country Zip Contact Number Extension Contact Phone Contact Name Contact Extension Comments Department Documents Multiple Asset Customer Dedupe Loan Dedupe Customer MI
20. Group Code Mobile Number Landline Number Email Fax First Name Middle Name Last Name Salutation Gender Date of Birth Mothers Maiden Name Marital Status Dependents Passport Number Passport Issue Date Passport Expiry Date Mr v Male Married Account Details Account Branch Account Class Account Number Corporate Details Date Capital Net Worth Business Description Country Documents Multiple Asset KYC Review Customer Dedupe Loan Dedupe Customer MIS Customer Account MIS Customer Account Fields nt MIS Customer Account Fields it Prev Rem Remarks The system displays all the customers associated with the finance application with internal status displaying whether the customer information is available or not 1 84 ORACLE Click Review button to view all customer information and perform KYC and SDN checks KYC Review Appicabon Number YC Review Details Local Branch First Name Middle Name Last Name Date of Birth Country Authorization Status KYC Reference KYC Customer Type EX Records per page 15 I 4 4 of 1 PI Authorization Status Record Status 11 11 11 111 KYC Reference 0002KYC112450005 0012KYC112450004 0012KYC112450005 001ZKYC112450007 0012KYC112450001 0012KYC112450002 0012KYC112450003 0012KYC112450006 0192KYC112490001 0222KYC121530002 WB1ZKYC121300003 Record Status Full Name of Customer Risk Lev
21. If asset is not in stock then the system will display the details of all vendors of the underlying asset If everything is found acceptable select the action PROCEED in the textbox adjoining the Audit button in this screen and save the record by clicking the Save icon in the tool bar The following screen will be displayed Step 11 Sale Confirmation Stage In this stage the sale confirmation of the underlying assets generate the Murabaha origination through Murabaha Sale Confirmation screen 1 116 ORACLE Murabaha Sale Confirmation Save vil Hold Application Number Application Date 2012 05 15 Application Branch 007 Status Sale Confirmation Branch Code 007 Account Sale Date 2012 05 15 Remarks Prev Remarks Remarks Audit You can maintain the following details Branch Code The system displays the branch code Account Number The system displays the account number Sale Date In this field the current application date will get defaulted Remarks You can specify the remarks for the sale confirmation This field is applicable only for the accounts under the product whose Sale Confirmation Required option is checked in the Preference screen If everything is found acceptable select the action PROCEED in the textbox adjoining the Audit button in this screen and save the record by clicking the Save icon in the tool bar The following screen will
22. The bank also obtains credit details from external agencies and field investigation agencies The tasks in underwriting stage are also carried out by the user role CMROLE You can key in the finance application details required in Murabaha Underwriting screen After ascertaining the eligibility of the customer the bank provides multiple finance offers for the borrower and uses one offer chosen by the customer to generate payment schedule and schedule details The advices that are maintained for the stage are generated on completion of the stage In this stage the bank also conducts vehicle evaluation based on the details that have been captured at the Application Entry stage This evaluation can be done with details from an external agency in the collateral tab 1 91 ORACLE 1 16 34 Collateral Tab You can carry out the evaluation of vehicles in the collateral tab Here the details provided as part of the Application Entry stage are defaulted which you can modify The evaluation can be done by interfacing with external agencies islamic Murabaha Underwriting Transaction Branch Code 001 CS Save vil Hold Application Category
23. e Completed e Pending Remarks Specify remarks if any associated with the finance application External Credit Rating External Agency Specify the external agency that you want to use for the evaluation If you do not specify a value here the system will display an error message Recommended Select the recommendation of the credit agency for the finance requested from the following options provided in the drop down list e Recommended e Not Recommended Remarks Specify remarks if any associated with the finance application Status The following statuses are available e Required e Pending e Completed e Not Required e Not Available The evaluation will be done only if the external agency has been specified and the Recommended field has the value Recommended status is RECOMMENDED For any other combination of values for the two fields the system will display an error message and will not proceed with the evaluation till the values are set as specified above 1 97 ORACLE After entering the required details select VERIFY as the Outcome and click Save If you have indicated that evaluation should be done you will not be allowed to select PROCEED or CANCEL as the Outcome till the verification has been successfully done The system will display a message stating that the task is successfully completed on saving the record To acquire the next stage you need to go to the Task
24. 1 114 STEP 8 DOCUMENT VERIFICATION STAGE ebeceeecee tete testes iecur db cet e tue EE dee 1 115 STEP 9 FINANCE APPLICATION DETAILS UPLOAD eere re e enenenennnnnnnennn nnns nsns nsns nsns nsn nsns nsns asa 1 116 STEP 10 VENDOR PAYMENT STAGE ter neret crece ed ce cue D PEE E 1 116 STEP 11 SALE CONFIRMATION STAGE teer nee ereer irre enean netos ele yp va Se ea tese Ue YS 1 116 STEP 12 USER ACCEPTANCE STAGE ese sse e ese e ese ase ese ese ases e sese oip osii 1 117 STEP 13 DISBURSEMENT OF MURABAHA STAGE eeeeeeeeeee e eene nnns nsns tese ese ese ese 1 118 STEP 14 MANUAL LIQUIDATION STAGE cesses sete ta dass 1 118 LAP A WAssebCapiureStape ciet ee REED EH UG A eT E HASL UE TNEUUGE 1 120 SCREEN GLOSSARY F 2 121 2 1 EUNGCTIONOD E IST eerte IERI IRE NERIS DM OLLI DL LUN 2 121 ORACLE 1 1 1 2 1 Murabaha Origination Introduction The process of Murabaha finance origination gets initiated when a prospective customer approaches the bank with a finance account opening request or when the bank approaches a prospective customer taking lead from its database In case of a bank initiated request the process moves forward only if the prospective
25. MURABAHA 23 Lead Id Application Number IslamicMurabahaAccou a Product Code MURK Enquiry ID User Reference 001MURK12312001 Description MURABAHA TENOR F CZ Application Priority Low Application Branch 001 Application Status Underwriting M Application Date 2012 11 07 ES Applicant Details Type Primary X Local Branch 000 Customer 000000103 Customer Name PAVIT address Main Details Financial Requested Limit Credit Score Bureau Financing Component Charge Investigation Comments Collateral Details Start Date amp Revaluate Collateral Collateral Branch 28 bx loni Dale amp Date E Collateral Id z E m Er Revision Date 8 l Collateral Description g ollateral Type Normal M Charge Type Linked Percent Utilization Order Collateral Currency a Linked Amount Commitment Product a Collateral Value Haircut ai Market Value Based Haircut Schedule Vehicle Details Number Of Units Effective Date Haircut Nominal Value z Vehicle ID Cap Amount V 2 Vehicle Number c Year Guarantor Based Make c Guarantor Id 2i C Model c Rating c Body e Usage c Valuation Source None Valuation Status Required Covenant Details 10 T CovenantName Description ReversalDate Mandatory Grace Days Notice Days DueDateOn Frequency StatDate StatMonth Remarks ar Mo _ Multiple Asset KYC Review Customer Dedupe Loan De
26. RULE SUMMARY csssessssecececsessaececececeeseaaeceeececsensuaesecececeeseaaeseseeeesessaasaeceeseeesenseaeeeeess 1 16 1 7 MAINTAINING CREDIT RATIOS E E 1 17 1 7 1 Specifying Formula sestertia to tib epe Tete Ng Ru 1 18 1 8 VIEWING CREDIT RATIO SUMMARY sssssssccececsessaeseceeecsessnaececececsessuaeeecececeesenaeaeseceenessuaeeececeeseseanaetecees 1 20 1 9 MAINTAINING OVERRIDE DETAILS sssssscccececsesssececeeeceessnaececececsessnaesecececeesenaeaeseceesessuaeeeseceeseseanaesecees 1 21 1 10 VIEWING OVERRIDE SUMMARY ccscssssscecececeeseaececececsessaseseceesccesesseaesecececeessaaesesececsesuaesesececeesenseaeeeeess 1 23 1 11 MAINTAINING DOCUMENT CHECKLIST AND 1 1 24 LIII Process Flow BPEL Report speen e cceanes EE Pee vU ee TENUERE SUME 1 26 1 12 VIEWING DOCUMENT CHECKLIST 1 26 1 13 MAINTAINING APPLICATION CATEGORY DETAILS 1 27 LISA Main TAD ORE E 1 29 L132 CI Tp M 1 30 1 14 VIEWING APPLICATION CATEGORY SUMMARY 1 31 1 15 MAINTAINING PRICING DETAILS cccccecccccceceessssececececsesesececececeesesneaesecececseaaecesececseseasseeeecesenenseaeeeeess 1 32 1 16 STAGES IN MURABAHA FINANCE ORIGINATION cc ccc
27. Specify an enquiry Id if you wish to retrieve information on the finance offer selected by the customer You can also select the ID from the adjoining option list The list contains all the Enquiry IDs created for the customer as part of the finance simulation process Application Branch Specify the application branch Application Number System displays the application number of the customer User Reference Number Specify the user reference number for the finance application Priority Select the type of priority from the drop down list provided The following options are available e Low e Medium e High Status The status of the application gets displayed here Click Default button to default the details related corresponding to the prospective finance customer 1 16 3 Main Tab The details corresponding to the lead Id selected gets displayed in the Main tab once you click the Default button You can modify these details if needed Channel Specify the channel Id for the finance The adjoining option list displays all valid channels maintained in the system You can select the appropriate one Intermediary Group Specify the intermediary group The adjoining option list displays all valid intermediary group maintained in the system You can select the appropriate one KYC Required Check this box to indicate the KYC check is required for the customer If you check this box the system will
28. Specify the actual monthly income of the customer based on documentary proof provided Monthly Debt Specify the actual monthly debt of the customer based on documentary proof provided Click Calculate Ratios button to calculate the asset liability ratios for the customer What if Pmt Amt Specify the EMI amount that the customer is ready to pay 1 104 ORACLE Click Update Ratio button to update the asset liability ratios for the customer taking into account the EMI payments also The ratios for Installment Finance To Value and Disposable Income are calculated for the following conditions e Stated Before e Stated After e Actual Before e Actual After 1 16 38 Financing Tab In the Financing tab the system displays the list of the multiple finance offers that are attached to the application category specified If you have selected an Enquiry ID for the customer then the finance details that have been stored for the corresponding finance proposal are displayed here You can modify these details if required Islamic Murabaha Underwriting Transaction Branch Code 001 Save Hold Application Category MURABAHA 23 Lead Id Application Number IslamicMurabahaAccou Product Code MURK Enquiry ID User Reference 0014URK12312001 Description MURABAHA TENOR F Application Priority Low Application Branch 001 Application Status TT Application Date 2012 11 07
29. The system will invoke the external valuation agency for vehicle evaluation You can view the details in the collateral tab In the collateral tab click the Evaluate button The system will check for the data within the FLEXCUBE database If there are none for the corresponding vehicle it will try to obtain the details from the external agency and display them in the Vehicle Evaluator screen Vehicle Evaluator Application Number IslamicMurabahaAccou Vehicle Id 4853667 Collateral Code Vehicle Details Valuation Source N Model undefined Identification Number undefined Body undefined Year Usage undefined Make undefined Vehicle Valuations Wholesale Value Attribute Value Retail Value Total Value Usage Value Vehicle Attributes 10f1 Attribute Description Attribute Code Attribute Value Package Included Selected In this screen you can view the information available for the vehicle based on the information provided by you If the information in this screen matches the details available in the system database for the same vehicle the status is updated to COMPLETED in the collateral tab If it does not match then the status is updated to NO DATA 1 94 ORACLE Once the verification is completed you can select the Outcome as PROCEED and move to the next stage For more details on capturing Collateral details refer the chapter titled Maintaining Collateral Details in Ent
30. be displayed Step 12 User Acceptance Stage In this stage based on the outcome of the previous stage the sale confirmation triggers the Murabaha origination in the next stage Manual disbursement is done for the accounts created with a manual disbursement product For accounts created with auto disbursement products disbursement occurs on save of document verification stage 1 117 ORACLE Murabaha User Acceptance Save vil Hold Application Number Application Date 2012 05 15 Application Branch 007 Status User Acceptance Branch Code 007 Account Sale Date 2012 05 15 Remarks Prev Remarks Remarks Audit The system creates a task Manual Liquidation in the Reject task list Task Details Task List Tin User ete amp Standard Mou Work Te AHed te 8 Acquired 0 gos He 26 9007 m Assigned 8 o gate X 2008 Tem Completed 1 Pending 1 Supervisor 0 If everything is found acceptable select the action PROCEED in the textbox adjoining the Audit button in this screen and save the record by clicking the Save icon in the tool bar The following screen will be displayed Step 13 Disbursement of Murabaha Stage In this stage based on the outcome of the previous stage the disbursement of Murabaha for the underlying asset or moving the asset to inventory is decided If sale is co
31. code of the customer or select the national Id from the option list provided Short Name Specify the short name of the customer 1 3 ORACLE Gender Select the gender of the customer from the drop down list Date of Birth Specify the date of birth of the customer or select the date by clicking the Calendar icon provided Mother s Maiden Name Specify the customer s mother s maiden name Customer Category Specify the category to which the customer belongs or select the customer category from the option list that displays all valid customer categories Country Specify the country of domicile of the customer or select the country code from the option list provided Nationality Specify the country of which the customer is a national or select the country code from the option list provided Language Specify the primary language of the customer or select the language from the option list provided Mobile Number Specify the mobile phone number of the prospective customer Landline No Specify the land phone number of the prospective customer Office No Specify the office phone number of the prospective customer Fax Specify the fax number of the prospective customer Passport No Specify the passport number of the prospective customer Passport Issue Date Specify the date on which the customer s passport was issued or select the date from by clicking the adjoining Calendar icon
32. elements to be used to define the formula for credit ratio calculation or select the element from the option list provided Functions Select the mathematical function to be used to define the formula from the drop down list provided Braces Select the opening or the closing brace from the drop down list provided to define the credit ratio calculation formula 1 19 ORACLE Operators Select the mathematical operator to be used to define the credit ratio calculation formula You can select 7 1 8 Viewing Credit Ratio Summary You can view a summary of the credit ratios in Credit Ratio Maintenance screen You can also query for a particular record based on desired search criteria You can invoke this screen by typing ORSRATMT the field at the top right corner of the Application tool bar and clicking the adjoining arrow button Credit Ratio Maintenance Authorization Status Record Status Group Id ai Search Advanced Search Records perpage 15 Authorization Status Record Status Group Id Description You can specify any of the following details to search for a record e Authorization Status e Record Status e Group Id Click Search button to search for a record based on the search criteria specified You can double click a desired record to view the detailed screen 1 20 ORACLE 1 9 Maintaining Override Details You can maintain the form
33. part of this activity The details related to the applicant contact information employment information requested finance details collateral details etc are captured during this stage Documents obtained from the applicant are uploaded and advices maintained for the stage are generated by the process after completion of the stage Users belonging to user role CEROLE are authorized to perform these tasks You can key in the finance application details required in Murabaha Application Entry screen You can also invoke this screen by typing ORDMURAE in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button ORACLE 1 41 Islamic Murabaha Application Entry Save Hold Application Category ai Lead ld a Application Number IslamicMurabahaAccou lt Product Code ai Enquiry ID User Reference Description c Application Priority Low X Application Branch 001 Application Status Application Enty Application Date 2012 11 07 WB Financiai Requested Limit Collate
34. will be completely settled Then the status will change to Settled An asset can only be completely settled No partial payment is allowed 1 16 12 Capturing Vehicle Information Asset Type Select the type of asset from the drop down list The options available are e New New Asset e Used Used Asset Asset Category Select the category to which the asset belongs from the option list This list displays all options maintained using the Limits Type Maintenance screen Application Number Specify the application number for the asset here Color Specify the color of the vehicle Class Specify the class of the vehicle Number of Cylinder Specify the number of cylinders for the vehicle This has to be a numeric value Vehicle Condition Describe the condition of the vehicle Vehicle Description Enter a description for the vehicle For example Car Van etc Make Select the code indicating the make of the vehicle from the option list All the vehicle maker codes that you have maintained in the Vehicle Maker Details screen are listed for selection 1 63 ORACLE Sub Model Select the sub model of the vehicle from the adjoining option list This list displays all models maintained using the Vehicle Maker Details screen Year Model Specify the year when the model was first launched Year of Manufacture Specify the year in which the vehicle was manufactured Engine Number Spe
35. 11 ORACLE On successful completion a message stating that the task is successfully completed gets displayed To acquire the next stage you need to go to the Task menu and select Assigned under Standard option All tasks that have been successfully completed are listed in the right side of the screen Select the checkbox against your Workflow Ref No and click Acquire button at the top of the screen to acquire the next stage of the task The following message gets displayed on successful acquisition of the task Information Message g Information Message ST ACQR 001 Acquire Successful Click Ok to proceed to the next stage To select the acquired task for the next stage select Acquired under Standard option in the Task menu All the tasks that have been successfully acquired are displayed in the right side of the screen Search for your workflow reference number and click the Workflow Ref No to open Murabaha Application Approval screen Step 7 Finance Approval Stage In the Finance Approval stage the approver verifies the finance application analyzes the applicant s financial status credit rating and field investigation reports and based on the credit worthiness of the customer approves the finance offered to the customer You can key in the finance application details required in Murabaha Application Approval screen 1 112 ORACLE Users be
36. Basis Prev Remarks Remarks Audit This screen is identical to the CI Payment Detailed screen of Oracle FLEXCUBE Refer the chapter titled Operations in the Islamic Financing User Manual for further details about the other fields in the screen If everything is found acceptable select the action PROCEED in the textbox adjoining the Audit button in this screen and the process is completed Otherwise the process displays the following screen 1 119 ORACLE 1 17 1 Asset Capture Stage During Asset Capture stage the asset is moved to the inventory of the bank You will be navigated to the Asset Capture stage only if the outcome of Manual Liquidation is PROCEED Business validations are not done as part of this stage Asset Capture New Workflow Reference Product Code n Product Description ERR Depreciation Details inventor Details Category Location Location Description Fund Id Vendor Code Asset Currency Asset Cost Asset Description Status Book Date Acquisition Date Priority Contract Reference User Reference Source Reference Useful Life Year Acquired Depreciation Residual Value Original Reference Capitalization date Effective Depreciation date Depreciation Suspension Suspension Date Low Version Number 4 ot 3 Source Code FLEXCUBE Year Months Suspended Depreciation Asset Details A
37. Documents Multiple Asset Customer Dedupe Loan Dedupe Customer MIS Customer Account MIS Customer Account Fields Prev Remarks Remarks 1 75 Audit You can specify the following details here Sequence Number The sequence number is automatically generated by the system Comments Specify comments if any to be associated with the finance application Comment By The system defaults the name of the commenter Comment Date Specify the date on which the comment was given or select the date by clicking the Calendar icon 1 16 33 Capturing Document Details You can capture the customer related documents in central content management repository through the Documents screen Click Documents button to invoke this screen Documents B checklist Document Upload 10f1 Document Category Document Reference Document Remarks upAdd Row c Here you need to specify the following details Document Category Specify the category of the document to be uploaded Document Reference The system generates and displays a unique identifier for the document Document Type Specify the type of document that is to be uploaded 1 76 ORACLE Upload Click Upload button to open the Document Upload sub screen The Document Upload sub screen is
38. Group Related Reference Related Account Rate Type Iz Pool Code Contract Level Transaction MIS MIS Group Transaction MIS 1 Transaction MIS 2 Transaction MIS 3 Transaction MIS 4 Transaction MIS 5 Transaction MIS 6 Transaction MIS 7 Product MUDM Loan Branch 000 Financing Currency GBP Related Account Related Reference MIS Head Interest Method Reference Rate Pool Code Composite MIS MIS Group MIS GRP1 Composite MIS 1 PAUL Composite MIS 2 Composite MIS 3 Composite MIS 4 Composite MIS 5 Composite MIS 6 Composite MIS 7 1 16 36 2 Capturing Loan UDF Details Fund MIS MIS Group Rate Code Spread Cost Code 1 Cost Code 2 Cost Code 3 Cost Code 4 Cost Code 5 MIS Group Fund MIS 1 Fund MIS 2 Fund MIS 3 Fund MIS 4 Fund MIS 5 Fund MIS 6 Fund MIS 7 Link To Group You can capture the Finance UDF details by clicking Finance Fields button in Murabaha Finance Underwriting screen The Finance UDF screen gets displayed where you can capture the details 1 102 ORACLE Loan Fields Application Number IslamicMusharakaAccou Loan Account 000MUS1120650225 Product Code MUS1 Loan Account Branch 000 haracter Fields TEST1
39. Murabaha Creation Oracle FLEXCUBE Universal Banking Release 12 0 1 0 0 December 2012 Oracle Part Number E51465 01 ORACLE FINANCIAL SERVICES ORACLE Origination of Murabaha 1 Table of Contents MURABAHA ORIGINATION vvssscsssesssssccesscisscovsssescsecessscsssssecessssvecesoesescsssesecscssvseccssensusssseesessssseencecbasisaseaesse 1 1 1 1 INTRODUCTION M m 1 1 1 2 STAGES IN MURABAHA here Fe EE Ee ERE e a Re Pete ee rv oaa epo Ee leves TEC ENG d 1 1 1 3 MAINTAINING FINANCE PROSPECT DETAILS ccsessscccececsessscececececsesseaeceeececeesesssceeececseseuecececeeeesenssaeeeeess 1 2 1 3 1 Customer M IM EE LE 1 3 1 3 2 Details TaD 1 5 1 3 3 Requested Tb seite nett HELD d eH eorpora ll o denies d 1 8 1 4 VIEWING FINANCE PROSPECT SUMMARY cccccccssssssscececececsencaececececeessaaececececeessaaecesececeensaaecececeeseneasaeeeeecs 1 9 1 5 MAINTAINING CREDIT RATING RULES 1 10 1 5 1 ee a ee Ee tet 1 11 1 5 2 Risk F ctor 1 13 1 5 3 Specifying Credit Grddes uiii y EE RH o tert di rd te yi eoe rei bor etes den 1 15 1 5 4 Specifying Auto Decision Details iie ie ve tts te oen od A R Ure ioa de d 1 15 1 6 VIEWING CREDIT
40. RR HR REO e ER CE P Ugo lab sparse gd 1 74 1 16 32 RECHT p 1 75 1 16 33 Capturing Document Details ce eR HR eae a Ee eR 1 76 STEP 2 APPLICATION VERIFICATION STAGE eeeeeeeee e e nememenenennnetnse sese etes ese e ese ese ese ese ese ases esee 1 79 STEP 3 APPLICATION MANAGEMENT VERIFICATION STAGE cccccccccccecesecececececeseceseeessceseeeseceseseseesseeseeeeeess 1 81 STEP 4 INTERNAL BLACKLIST CHECK STAGE eeeeeeeee e e emen 1 83 5 EXTERNAL BLACKLIST CHECK STAGE cccccccccceccccsecececesecesesesececssesseesecesecssesesecesesssesesseeseeseseeseeesess 1 87 STEP 6 MUNDER WRITING kes sce sac cance 1 91 1 16 34 G VEA 0A ITE DIT ORC TP PECES PNE 1 92 1 16 35 LAEE a A o ER 1 95 1 16 36 Tbe ondes te tee E Md 1 96 1 16 37 Tab secca ei DELI E A EE Ode I APO 1 104 1 16 38 O 1 105 1 16 39 Component ETE 1 107 1 16 40 CNA GOST GD C O 1 108 1 16 41 Investigation Tab m 1 110 1 16 42 COMMENIS Ir EET 1 111 STEP 7 FINANCE APPROVAL STAGE ceret cete e cete tbe deti cedet cadere 1 112 1 17 MESSAGE GEENBRB ATION tiere oe e oov r Ue yx EE ese eae oov ve v oen E Cue AE SUNNY ees
41. S Customer Account MIS Customer Account Fields Prev Remarks Remarks Audit In this screen you can capture multiple address and employment details if required 1 16 7 Financials Tab You can capture the financial details corresponding to the customer in this screen 1 50 ORACLE Islamic Murabaha Application Entry Save vil Hold Application Category Product Code Description Application Branch 007 Application Date 2012 05 15 Applicant Details Type Primary M Lead Id Enquiry ID Local Branch Main Details BIB Requested Limit Collateral Comments Income Details 10f Income Type Frequency Monthly X gy Salay Currency Amount E CustomerNo 001 Application Number IslamicMurabahaAccou User Reference Application Priority Low Application Status Application Enty Customer Name Liability Details 10 Liability Type g Loan v Liability Sub Type x Frequency Currency Amount Account Balance Monthly a Asset Details Vehicle v Vehicle Make Model Manufacture Year c Address Line 1 Address Line 2 Address Line 3 lt Multiple Asset Customer Dedupe Loan Dedupe Cust
42. Specify a suitable description for the finance origination stage Overrides Here you can capture the details of the conditions to be checked for generating override messages Sequence Number The sequence number is automatically generated by the system Condition The condition specified using the Elements Functions Operators etc gets displayed here Error Code Specify the error code to be used to generate the override message or select the error code from the option list provided Error Parameter Specify the error parameter to be substituted in the override messages Elements Specify the data elements to be used to define the conditions for generating override messages or select the element from the option list provided Functions Select the mathematical function to be used to define the condition from the drop down list provided Braces Select the opening or the closing brace from the drop down list provided to define the conditions for generating override messages 1 22 ORACLE Operators Select the mathematical operator to be used to define the conditions for generating override messages You can select or f Logical Operators Select the logical operator to be used to define the conditions for generating override messages You can select lt gt lt gt gt lt AND or OR Viewing Override Summary You can view a summary of th
43. Specify the main line code The adjoining option list displays all valid main line codes maintained in the system You can choose the appropriate one Line Currency Specify the currency in which the facility is defined The currency that has been selected will have the following implications e The limit amount that has been specified for this Line Liability combination is taken to be in this currency e line that has been defined will be available for Utilization only in the line currency unless specified otherwise under Currency Restrictions in this screen Once the entry is authorized you cannot change the currency 1 57 ORACLE If the limit allotted to this Line Liability combination can be utilized by accounts and transactions in currencies other than the limit currency the limit utilization will be arrived at by using the mid rate for the currency pair as of that day Expected Limit Amount Enter the expected limit amount Collateral Amount The system displays the collateral amount here Effective Line Amount Basis For defining drawing power of line the elements mentioned below are treated as the basis for the effective line amount calculation e Limit Amount Collateral Contribution e Maximum Credit Turnover Allowed e Minimum Limit Effective Line Amount The effective line amount basis will be validated for the following criteria e Effective line amount basis will be defaulted from the template e Effect
44. Title Deed Issue From Villa Apartment Number Building compound Name Street Name Post Box Number Emirate Area In Emirate City Country Mortgage Degree Insurance Details Insurance Company Insurance Paid By Premium Amount Insurance Name Expiry Date Vendor Details 0 you can capture the following details Account Number The account number is defaulted from the Account Details Main screen Asset Sequence Number The system generates a sequence number for the asset and displays it here Status The status of the asset is displayed here The statuses available are Active and Settled During account initiation the status will be Active Once the prepayment of the asset begins the asset will be completely settled Then the status will change to Settled An asset can only be completely settled No partial payment is allowed 1 16 26 Capturing Property Details 1 70 ORACLE Property Type New Select if the property is new or old The options available are e Y Yes e N No Type of Property Select the type of property from the option list The types of properties that you have maintained using the Limits Type Maintenance screen will be listed here for selection Descripti
45. You can select a different price ID from the option list If you change a price ID selected by the system and reapply a different price ID the system changes the score of the pricing rule The score determines the price ID to be automatically applied Click Apply button to apply the selected price ID to the finance The details related to the finance offer like the number of installments finance branch frequency unit profit rate etc are displayed here Select the required offer by clicking the Check option and click then click the Apply button to apply the selected finance offer The details corresponding to the selected finance offer are displayed in Finance Details section You can modify these details if required and click Apply button to calcualte the schedule details The offers maintained at the category level is displayed in the multiple offers block The system compares the number of installments frequencies and unit with the value in the requested tab at application entry stage The rate in the offers block is compared with rate maintained in the pricing Id The system applies that offer which matches with the mentioned criteria in the offer block If the offer fails to match then a new row is added which will take its value from the pricing ID Hamish Jiddayah The system displays the calculated Hamish Jiddayah amount from the entry stage If the value is not given in the entry stage then the Hamis
46. al Creation Vendor Payment ORDMRVPD Not Available Fixed Asset Sale ORDMRFAS Not Available Sale Confirmation ORDMRSAC Not Available User Acceptance ORDMRUSA Not Available Disbursement of Murabaha Manual ORDMRPMT Not Liquidation Available Asset Capture ORDMRPRO Not Available 1 78 ORACLE To acquire the next stage you need to go to the Task menu and select Assigned under Standard option Task Details EE Search EJ Standard Workflow Ref No gt Acquired 8 Retaillending1262 Assigned ss Completed 150 gt Pending 0 Retaillending 1464 7 Supervisor 0 Retaillending1461 Tan Ref No OpenSavingsAccounti465 _ Retaillending1 467 RetailLending1469 RetaiLending1471 Retail ending1364 Retail ending1478 Task History Action Time Menu Workflow customer My Dash Board OpenCurrentAccount1466 _ Title Document Verification Application Entry Application Entry Receive And Verify Page 1 of 6 D D gt Jumptopace Assignee Group Assignee Users Customer Name Amount Creation Datet Priority ALLROLES ALLREAD 2010 06 29 20 13 10 IST Low ALLROLES ALLREAD 2010 07 01 18 41 27 IST ALLROLES ALLREAD 2010 07 01 18 57 11 IST ALLROLES RCSEROLE ALLREAD 2010 07 01 19 06 37 IST RecieveandVerifyCustDetails ALLROLES ALLREAD 2010 07 01 19 07 20 IST Applicati
47. amework The process of finance origination consists of several manual as well as system tasks carried out in a sequential manner Many users can be involved in the completion of a transaction and at each stage of the process a user or a group of users assigned with a task acquire and work on the relevant transaction Oracle Business rules that are embedded help the dynamic creation of multiple approval stages The different stages and sub stages in the process flow can be summarized as follows e Application Entry the following details are captured in this stage gt Applicant Information gt Application details gt Requested Finance Details gt Collateral Details gt Checklist Documents gt Advice Generation e Application Verification gt Information captured during Application Entry stage is verified gt Advice Generation e Application Management Verification gt Information captured in the application verification stage is verified for the second time e Internal Blacklist Check 1 36 ORACLE gt Information against Internal blacklist of customers is verified gt Review External Blacklist Check gt Information against external blacklist of customers is verified KYC Review Underwriting gt Collateral Valuation Information gt Applicant Financial Ratios gt Applicant Credit Score gt Applicant Bureau Report gt Finance Offers gt Finance Schedules FINANCE Charges Field Inv
48. arks Audit The approver can send the application back to the previous stage if the information provided is not adequate or choose to cancel it if the information captured is not satisfactory If the application details are verified successfully the approver can proceed with the processing of the application by selecting PROCEED as the Outcome The approver can select RETURN to return the process to previous stage for data correction or CANCEL to terminate the process On successful completion a message stating that the task is successfully completed gets displayed To acquire the next stage you need to go to the Task menu and select Assigned under Standard option All tasks that have been successfully completed are listed in the right side of the screen Select the checkbox against your Workflow Ref No and click Acquire button at the top of the screen to acquire the next stage of the task 1 113 ORACLE 1 17 The following message gets displayed on successful acquisition of the task Information Message Information Message ST ACQR 001 Acquire Successful Click Ok to proceed to the next stage To select the acquired task for the next stage select Acquired under Standard option in the Task menu All the tasks that have been successfully acquired are displayed in the right side of the screen Search for your workflow reference number and cli
49. ation Category MURABAHA 23 Lead Id Application Number IslamicMurabahaAccou CZ Product Code MURK Enquiry ID User Reference 001MURK12312001 Description MURABAHA TENOR F Application Priority Low Application Branch 001 20121107 Application Status Application Date Main Details Financial Requested Limit Collateral Credit Score Bureau Ratio Financing Component Charge Investigation Comments Comments 10 118 v Serial No Comments Comment By Comment Date y 1 32474A01 2012 05 15 Documents Multip 55 Review Customer Dedupe Loan Dedupe Customer MIS Customer Account MIS Customer Account Fields Vehicle Evaluator Bureau Report Loan MIS Prev Remarks Remarks Audit You can capture the following details Comments Specify comments if any to be associated with the finance application Comment By The system defaults the name of the commenter Comment Date Specify the date on which the comment was given or select the date by clicking the Calendar icon If the underwriting stage is successfully completed the underwriter can proceed with the processing of the application by selecting PROCEED as the Outcome The underwriter can select REJECT to return the process to previous stage for data correction or CANCEL to terminate the process 1 1
50. ay select one of the following from the list available here e Single e Married e Divorcee e Remarried e Separated e Spouse Expired Dependents Specify the number of family members children and others who are dependent on the customer financially You can indicate any number between 0 and 99 Corporate Incorp Date Specify the date on which the customer s company was registered as an organization Capital Specify the particular customer s various financial details like total Paid Up capital Net Worth Specify the Net worth of the customer organization Business Description Specify the nature of the business and the business activities carried out by the customer organization Country Specify the Country of registration of the office of the corporate Account Account Branch Select the account branch from the adjoining option list Account Number The account number gets generated when you click on Default button after specifying the account class 1 47 ORACLE If the account branch is auto generation enabled then the account number gets auto generated Account Class Specify the account class or select the account class of the customer from the option list provided Click Default button to view the account generation details through Account Number Generation screen Customer Account Mask Customer No 000000103 Account Currency GBP Account Class ACC16 Account Currency Type
51. be asked to the prospective customer to derive the credit rating score Answer Details Sequence Number The sequence number is automatically generated by the system Possible Answer Specify a set of possible answers to be associated with a question Score Specify the score associated with an answer ORACLE 1 5 2 Risk Factor Tab You can specify the risk details associated with the finance and also indicate the formula for calculating the credit score in this tab Rule Details Save Hold Rule Id Account Description Type Retail van RE actor Risk F 10 Risk Id Account Description Formula Formula Maker Date Time Checker Date Time Mod No Record Status Authorization Status You can specify the following details here Risk Id Specify a unique identifier for the credit risk being maintained Description Specify a suitable description for the credit risk 1 13 ORACLE 1 5 2 1 Specifying Formula Details You can specify the formula to calculate the credit score by clicking the Formula button corresponding to a credit risk entry in Risk Factor tab The Formula screen is displayed where you can specify the condition for calculating the credit score associated with a risk condition Formula 10f1 Sequence Number Condition Elements Index Functions B
52. ccccsesessscececececsesseaececececceseaaeceeececeeseaseeeeeceeenesneaeeeeecs 1 36 LOL PROCESS Flow Didgr m E niesi Ka as ia ea ae EE EE NN 1 38 10 27 lt P 1 39 STEP 1 FINANCE APPLICATION DETAILS ENTRY STAGE cccccccccccccsessscececececsessaeceeececsesseaeseeececsesseeeeeeeeeenes 1 41 LIO Mam E 1 43 12304 Capturing Customer MIS ie esi 1 48 1 16 5 Capturing Customer Account MIS esses eee enne 1 49 1 10 06 vege EX sedated P EFE TE Te ERU ee FEDERE NE Pu EE ke Ted ee 1 50 110 7 I ndncials Idus Ree 1 50 116 8 Reg est ed TAD RE 1 54 116 9 Limits Tab 1 56 1 16 10 1 59 1 16 11 Vehicle SSCL 1 62 1 16 12 Capturing Vehicle Information eese eene nennen nennen eene rennen 1 63 1 16 13 Specifying Registration Details eese eene nennen nennen nennen rennen ens 1 64 1 16 14 Specifying Vendor Details re e retener te re E ec i eae pietre 1 64 1 16 15 Specifying Amount Det ils i easier tercer ro pede niega 1 65 1 16 16 Specifying Appraiser Details
53. ce ljaran 8 Asset Status Active Asset Sequence Number 1 Equipment Details Amount Details Owner Description Engine Number Equipment Location Street Area Code City Code Country Currency a Hamish Jiddayah Amount Asset Finance Amount Vendor Details Vendor Code a Vendor Name ann ane Sale Details Sell Date Ez Invoice Number Invoice Date Equipment Evaluation Details 10f1 Evaluation Evaluation Value Evaluation Date c you can capture the following details Account Number The account number is defaulted from the Account Details Main screen Asset Sequence Number The system generates a sequence number for the asset and displays it here Status The status of the asset is displayed here The statuses available are Active and Settled During account initiation the status will be Active Once the prepayment of the asset begins the asset will be completely settled Then the status will change to Settled An asset can only be completely settled No partial payment is allowed 1 16 21 Specifying Equipment Details Engine Number Specify the engine number of the equipment here 1 67 ORACLE Equipment L
54. charge type from the adjoining drop down list e Lien e Pledge e Hypothecation e Mortgage e Assignment 1 60 ORACLE This is only for information and not for processing Utilization Order Specify the utilization order Commitment Product Select the product code from the adjoining option list to be used for creating the commitment contract Market Value Based Security ID Select the security id from the option list Number of units Nominal value Specify the number of units Cap Amount Specify the cap amount Guarantor Based Guarantor ID Select the Guarantor Id from the option list Rating The system displays the rating Vehicle Details You can capture the details of the vehicle which is to be evaluated in the following fields Identification Number Enter the unique identification number associated with the vehicle Year Specify the year of manufacture for the vehicle Make Specify the make of the vehicle Model Specify the vehicle model Body Specify the vehicle body details 1 61 ORACLE Usage Specify the mileage used by the vehicle till date These details will be used at the underwriting stage to evaluate the vehicle For more details on capturing Collateral details refer the chapter titled Maintaining Collateral Details in Enterprise Limits and Collateral Management user manual 1 16 11 Vehicle Asset Click Vehicle Asset button Murabaha Application Entr
55. cify the engine number of the vehicle here This can be an alphanumeric value Chassis Number Specify the chassis number of the vehicle here 1 16 13 Specifying Registration Details Type Specify the registration type here You can choose from the following values in the adjoining drop down list e S Self e TP Third Party e N None Name Specify the name in which the vehicle is registered Emirate Select the emirate in which the vehicle was registered from the option list All the emirates maintained using the Limits Type Maintenance screen will be listed for you to select Registration Number Specify the registration number of the vehicle here Date Specify the date on which the vehicle was registered Delivery Date Specify the date on which the vehicle was delivered 1 16 14 Specifying Vendor Details Vendor Code Select the vendor code from the option list All the vendor codes maintained using the Vendor Maintenance screen are listed for you to select 1 64 ORACLE Vendor Name Once the Vendor code is selected the corresponding vendor name is defaulted here Agent Sales Staff Name Specify the name of the agent sales staff Agent Name Specify the name of the agent Agent Branch Specify the agent branch 1 16 15 Specifying Amount Details Currency Specify the currency of the account Requested Amount Specify the amount requested to be financed Amt Financed Appraised Value Spec
56. ck the Workflow Ref No to open Murabaha Document Verification screen If you have checked the option Auto Decision Required during Application Entry stage the based on the applicant credit score auto decision mapping maintained in Auto Decision screen the system decides whether to approve the finance or not The system makes one of the following decisions in that case e Auto Approved e Recommend Approval e Recommend Reject e Auto Rejected If the auto decision made by the system is Auto Approval you can skip the finance approval stage If the auto decision made by the system is Recommend Approval or Recommend Reject you need to manually verify and confirm the decision at this stage If the auto decision made by the system is Auto Reject then the application moves back to the application entry stage If any price group is associated with the application category then the system will apply auto pricing after proceeding the Application Entry stage by considering the default Price ID linked to the pricing group Further based on the selected finance offer the finance is applied and schedules are defaulted However at underwriting stage the underwriter may proceed or re apply the finance by selecting a different finance offer Any advices maintained for this stage are generated after the completion of the stage Message Generation In this stage generation of offer letter a
57. composed of following stages The following are different types of the asset categories in Murabaha e Vehicle e Property 1 1 ORACLE 1 3 e Equipment e Goods e Service ljarah e Project e Home Maintaining Finance Prospect Details You can maintain the details of a prospective borrower or a finance applicant when the borrower initially approaches the bank enquiring about the various finance products that are being offered The following details are captured as part of this maintenance e Prospective customer s personal and location details e Prospective customer s employment details e Requested finance details You can maintain the details related to the prospective customer in Prospect Details screen You can invoke this screen by typing ORDLEADM in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button Prospect Details Save vil Hold Lead ld Description Branch Code 002 Date of Enquiry 2012 11 07 Financing Type Retail Reason Requested Applicant Details 10 1 Hi Short Name National Id Liability E Sequence Number x Type Customer Name Responsibility v Primary n Country Nationality Language Customer Category Financial Currency Mobile Number Landline Number Email Fax Maker Checker First Nam
58. customer is interested The entire process is carried out in multiple stages and on successful completion of each stage it moves automatically to the next stage When the customer approaches the bank for its products and offers before initiating the finance origination process the bank can create a mock proposal which would have the personal details of the customer the finance offers the customer is interested in as well as the schedules associated with the finance offer This can be stored as reference in the system to be retrieved when the actual finance process flow is initiated Stages in Murabaha Murabaha process flow uses Oracle BPEL framework with multiple human tasks for workflow stages The capture and enrichment of information in multiple steps can be dynamically assigned to different user roles so that multiple users can take part in the transaction Oracle Business rules are used for dynamic creation of multiple approval stages The following details need to be maintained for originating a Murabaha e Finance Application Capture e Application Verification e Application Management Verification Configurable e Internal Blacklist Check e External Blacklist Check e Underwriting Credit Evaluation e Finance Approval e Document Verification e Finance details upload e Vendor Payment e Sale Confirmation e User Acceptance e Disbursement e Manual Liquidation e Asset Capture The Murabaha origination process flow is
59. d hoc Schedule Linkage Details Settlements Advices Prev Remarks Remarks Audit Outcome 1 120 ORACLE 2 1 2 Function ID List Screen Glossary The following table lists the function id and the function description of the screens covered as part of this User Manual Function ID Function Description ORDLEADM Prospect Details ORSLEADM Finance Prospect Details ORDRULMT Rule Details ORSRULMT Rule Maintenance ORDRATMT Credit Ratio Maintenance ORSRATMT Credit Ratio Summary ORDOVDMT Override Maintenance ORSOVDMT Override Summary ORDDOOMT Document Verify Maintenance ORSDOOCMT Document Details ORDCATMT Application Category Maintenance Detail ORSCATMT Category Details ORDPRCMT Pricing Details ORDMURAE Islamic Murabaha Loan Application Entry 2 121 ORACLE ORACLE Murabaha Creation December 2012 Version 12 0 1 0 0 Oracle Financial Services Software Limited Oracle Park Off Western Express Highway Goregaon East Mumbai Maharashira 400 063 India Worldwide Inquiries Phone 91 22 6718 3000 91 22 6718 3001 www oracle com financialservices Copyright 2007 2012 Oracle and or its affiliates All rights reserved Oracle and Java are registered trademarks of Oracle and or its affiliates Other names may be trademarks of their respective owners U S GOVERNMENT END USERS Oracle progra
60. displayed below Document Upload Document Path Browse In the Document Upload sub screen specify the corresponding document path and click the Submit button Once the document is uploaded through the upload button the system displays the document reference number View Click View to view the document uploaded In Murabaha Lending process Document Upload feature is not available in all the stages Its availability in this process is given below Stage Title Function Id Doc Upload Available Not View Available Not Callform Available Available Exists Application Entry ORDMURAE Available Available Available Application ORDMURAV Available Available Available Verification Application ORDMURMV Available Available Available Management Verification Internal Blacklist ORDMURKI Available Available Available Check External Blacklist ORDMURKE Available Available Available Check Underwriting ORDMURUD Available Available Available Finance Approval ORDMURAR Available Available Available Document ORDMURDV Available Available Available Verification 1 77 ORACLE Stage Title Function Id Doc Upload Available Not View Available Not Callform Available Available Exists Customer ORDMRMCU Available Available Available Account Facility Finance Collater
61. dit Bureau Report Application Number IslamicMurabahaAccou Requested Id 1425 Report Header Bureau First Name MiddleName LastName Birth Date Customer No 000000103 External Agency Agent1 Credit Report Id Report Date Unique Id OnFile Date Best Match Summary 1 Summary 2 Trade Lines Public Records Collections Fraud Messages Inquiries Also Known As Consumer Statement Credit Scores Public Records 10f1 RecordType Status Amount Filed Date Satisfied Date Collections Credit Bureau Report Application Number IslamicMurabahaAccou Requested Id 1425 Report Header Bureau First Name MiddleName Last Name Birth Date Summary 1 2 Trade Lines Public Records Collections Fraud Messages Inquiries Also Known As Consumer Statement Credit Scores Collections 10f1 Customer No 000000103 External Agency Agent1 Credit Report Id Report Date Unique Id On File Date C Best Match Creditors Name Account AcctBalance HighBalance BalanceDate Open Date Last Activity Date History Date ECOA Special Fraud Messages Credit Bureau Report Application Number IslamicMurabahaAccou Requested Id 1425 Report Header Bureau First Name MiddleName Last Name Birth Date Summary 1 Summary 2 Trade Lines Public Records Collections 9 Inquiries Aiso Known As Fraud Messages 10f1 P
62. dupe Customer MIS Customer Account MIS Customer Account Fields Vehicle Evaluator Bureau Report Loan MIS Loan Fields Prev Remarks Remarks Audit In this screen capture the following details Vehicle Details You can modify the details of the vehicle which is to be evaluated in the fields listed below Identification Number Enter the unique identification number associated with the vehicle Year Specify the year of manufacture for the vehicle Make Specify the make of the vehicle 1 92 ORACLE Model Specify the vehicle model Body Specify the vehicle body details Usage Specify the mileage used by the vehicle till date You can retrieve vehicle details from an external agency either by specifying the identification number for the vehicle or all of the following fields e Year e Make e Model e Body e Usage Valuation Source Select the valuation source from the adjoining drop down list The options are e INTERNAL e NONE Select INTERNAL if you wish the evaluation to be done by interfacing with an external agency Status Select the status from the adjoining drop down list The options are e REQUIRED e PENDING e COMPLETED e NOT REQUIRED e NOT AVAILABLE The evaluation will be done only if the valuation source is selected as INTERNAL and the status is RECOMMENDED For any other combination of values for the two fields the system will di
63. e Checker Date Time Mod No Record Status Authorization Status You can specify the following details in this screen Group Id Specify a unique identification code for the ratio group Description Specify a suitable description for the ratio group Type Select the type of the finance from the following options available e Retail e Corporate Ratio Id Specify a unique identification for the credit ratio being maintained Description Specify a suitable description for the credit ratio 1 7 1 Specifying Formula Details You can specify the formula to calculate the credit ratio by clicking the Formula button corresponding to a ratio Id 1 18 ORACLE The Formula screen is displayed where you can specify the condition for calculating the credit ratio associated with a ratio Id Formula Wizard Formula F 10f1 E v Ratio Type Condition J Stated Before E Elements a Index Functions Braces F Oneratars You can specify the following details here Ratio Type Select the type of the ratio being maintained from the drop down list provided The following options are available e Stated Before e Stated After e Actual Before e Actual After Condition The condition specified using the Elements Functions Operators etc gets displayed here Elements Specify the data
64. e Middle Name Last Name Salutation Gender Date of Birth Mothers Maiden Name Marital Status Dependents Date Time Date Time Married Mod No Record Status Authorization Status SSN Passport Number Passport Issue Date Passport Expiry Date You can specify the following details in this screen Lead Id Specify a unique identification for the prospective finance customer 1 2 ORACLE 1 3 1 Description Specify a suitable description for the prospective finance customer Reason Specify the reason for the finance enquiry Date of Enquiry Specify the date when the prospective customer has made the enquiry about the finance You can also select the date by clicking the adjoining Calendar icon Customer Tab You can capture the following personal and geographical details related to a prospective customer Type Select the type of the customer from the drop down list provided The following options are available e Primary e Co Applicant Salutation Select the salutation preference of the customer from the drop down list provided You can select any of the following options e Mr e Mrs e Miss e Dr First Name Specify the first name of the customer Middle Name Specify the middle name of the customer Last Name Specify the last name of the customer National Id Specify the national Id or country
65. e of the rating agency that provides credit rating details for customer securities Bureau Details You can capture the details related to the credit bureau here Bureau Code Specify the identification code of the credit bureau that provides credit ratings for customer securities Bureau Specify the name of the credit bureau that provides credit rating details for customer securities 1 14 Viewing Application Category Summary You can view a summary of the application categories in Category Details screen You can also query for a particular record based on desired search criteria You can invoke this screen by typing ORSCATMT in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button 1 81 ORACLE 1 15 Category Details Authorization Status Record Status Application Category ai Application Type Search Advanced Search Records perpage 15 1 Of 1 Authorization Status Record Status Application Category Category Description Application Type You can specify any of the following details to search for a record e Authorization Status e Record Status e Application Category Click Search button to search for a record based on the search criteria specified You can double click a desired record to view the detailed screen Maintaining Pricing Details Oracle FLEXCUBE allows you to maintain pricing groups and apply a suitable prici
66. e overrides in Override Maintenance screen You can also query for a particular record based on desired search criteria You can invoke this screen by typing ORSOVDMT in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button Override Maintenance Authorization Status Record Status Process Code at Application Category Advanced Search Records perpage 15 1 OFA Authorization Status Record Status Process Code Application Category You can specify any of the following details to search for a record e Authorization Status e Record Status e Process Code e Application Category 1 23 ORACLE 1 11 Click Search button to search for a record based on the search criteria specified You can double click a desired record to view the detailed screen Maintaining Document Checklist and Advices You can maintain the list of documents that are required during the finance origination process in Documents and Advice Maintenance screen Document checklists are maintained for an application category and for the various stages in the origination process You can also maintain the details of the Advices that need to be generated on completion of a stage in the process You can invoke Documents and Advice Maintenance screen by typing ORDDOCMT in the field at the top right corner of the Application tool bar and clicking the adjoining arr
67. e proposal are displayed here You can modify them if required 1 107 ORACLE Islamic Murabaha Underwriting Transaction Branch Code 001 Save Hold Application Category MURABAHA 23 Lead Id Application Number IslamicMurabahaAccou Product Code MURK Enquiry ID User Reference 001MURK1231200 Description MURABAHA TENOR F Application Priority Low Application Branch oor Application Status Underwriting Application Date Main Details Financial Requested Limit Collateral Credit Score Bureau Financing Charge Investigation Comments Component Name Main Component Component Currency Capitalized SSS Liquidation Mode Auto 7 Waive Disburse Details F Verify Funds Schedule Details Schedules 10f1 Schedule Type Schedule Flag First Due Date No of Schedules Frequency Units Schedule Start Date y Payment v Normal H 2 Monthly E Documents Multiple A et KYC Review Customer Dedupe Loan Dedupe Customer MIS Customer Account MIS Customer Account Fields Vehicle Evaluator Prev Remarks Remarks Audit The following details related to the schedule are displayed here e Component name e Schedule type e First due date e Number e Frequency e Units e Amount For each component of the components lis
68. el Full Name of Customer MILLER WARDRU S CLARKS PULASCAR AAPOUL GOLDSMITH M COMMERZAG SUOP ALLENA PUAL SCOTTS DSFSDF 022003725 David Walter KYC Customer Type Retail Customer Retail Customer Retail Customer Retail Customer Retail Customer Retail Customer Retail Customer Retail Customer Retail Customer Retail Customer Retail Customer Risk Level Level 1 Level 2 Level 2 Level 1 Level 1 Level 3 Level 2 Level 3 Level 1 Level 1 Level 1 1 85 ORACLE Eg Alias Names Summary Name Date of Birth Country Records per page 15 111414 1 or 1 Name Date of Birth BHARAT Once reviewed the verifier provides the review status and remarks You can perform a check on the customer record based on the KYC Review and SDN Review Screens and choose the internal KYC status and SDN status respectively based on the review You need to query on the records using all or a combination of the following criteria e Customer Number e First Name e Last Name e Date Of Birth e Country e internal e nternal Remarks e External e External Remarks e SDN status e Review Click the Query button to view all records that match the specified criteria 1 86 ORACLE If the customer details do not match any of the displayed records select the action CLEARED from the drop down list adjoining the Audit button Click the Save icon in the tool bar to save the record The following scre
69. en Islamic Murabaha Application Verification Application Branch 007 Application Date 2012 05 15 Details Financial Requested Limit Collateral Comments Channel Intermediary Group Applicant Details 10f1 E Type Existing Local Branch Customer No Default Save Hold Application Category Lead d Product Code Enquiry ID Description Short Name x Customer Name KYC Required Auto Decision Required National Id Application Number User Reference Application Priority Low Application Status Responsibility Liability Application Entry External Credit Check Required RMID RM Name un M gt Country First Name Account Details Nationality Middle Name Account Branch Language Last Name Account Class SSN Salutation Mr Account Number Customer Category Gender Male Financial Currency i Su CHE Date of Birth Corporate Details Mothers Maiden Name Mobile Number Date Marital Status Married Landline Number Enos Dependents Net Worth Passport Number Business Description Passport Issue Date Country Passport Expiry Date Documents Multiple Asset Customer Dedupe Loan Dedupe Customer MIS Customer Account MIS Customer Account Fields Prev Remarks Remarks Audit The details related to the finance application entry are displayed in this screen which can be verified by the verifier The details cannot be mod
70. en will be displayed AS 4 Information Message The task is completed successfully The Workflow Reference Number is IslamicMurabahaAccount4618 Step 5 External Blacklist Check Stage The information against external KYC and SDN checks are verified in external blacklist check stage Only users belonging to the CEROLE Compliance Executive can perform this task If you have requisite rights acquire it from the list by clicking the Acquire button adjoining the desired task The following screen will be displayed 1 87 ORACLE The task will be moved to the Assigned task list Select the checkbox against your Workflow Ref No and click Acquire button Go to the Acquired task list and double click on the record to invoke the following screen Islamic Murabaha External Save wil Hold Application Category Lead Id Product Code Enquiry ID Description Application Branch 007 Application Date 2012 05 15 Application Number User Reference Application Priority Low Application Status Application Enty main Details Financial Requested Limit Collateral Comments Channel CIKYC Required External Credit Check Intermediary Group Applicant Details 10f1 _ Type Existing Local Branch Customer No x Default C Auto Decision Required ShortName Customer Name National Id Responsibility Liability Required RMID Name
71. er Specify the invoice number here 1 16 23 Specifying Balance Details Outstanding Principal The outstanding principal on the account for this equipment is displayed here Outstanding Profit The outstanding profit on the account for this equipment is displayed here 1 16 24 Specifying Evaluator Details Name Specify the name of the evaluator here Value Specify the evaluated value of the equipment Date Specify the date of evaluation 1 69 ORACLE 1 16 25 Multiple Asset Application Number IslamicMurabahaAccount5537 Property Asset Click Home Asset button Murabaha Application Entry screen to invoke Home Asset screen c Vehicle MB Project Goods Build Materials Service Equipment Asset Sequence Number Property Details New Property Type Property Type Description Building Name Builder Name Project Name Wing Name District Area Area In Other Country Plot Number Lot Number Property Status Property Area Property Usage Property Area In Amount Details Currency Requested Amount Hamish Jiddayah Amount Valuation Insurance Value Asset Finance Amount Property Management lt m x miM AssetStatus Active Date of Completion Title Deed Number Registration On Name Of Reg Registration Date Title Deed Issue Date
72. erprise Limits and Collateral Management user manual 1 16 35 Credit Score Tab The credit score tab is used to calculate the credit score details of the customer You can also interface with external Credit engines and display recommendations and report Internal Credit engine obtains information from customer and calculates credit score and displays system recommendation Islamic Murabaha Underwriting Transaction Branch Code 001 Save Hold Application Category MURABAHA 23 Lead Id Application Number IslamicMurabahaAccou Product Code MURK Enquiry ID User Reference 001MURK12312001 Description MURABAHA TENOR F Application Priority Low Application Branch 001 Application Date 2012 11 07 Applicant Details Primary M LocalBranch 000 CustomerNo 000000103 Customer Name address Main Details Financial Requested Limit Collateral Bureau Ratio Financing Component Charge Investigation Comments Internal Credit Rating Ruleld MUR12 10f1 He Grade Category Question Score MON INCOME hats your monthly inc E 2525 _ hats your monthly exe Risk Factor Details 10f1 v Risk Factor Description Documents Multiple Asset Review Customer Dedupe Loan Dedupe Customer MIS Customer Account MIS
73. esignation Employee Id Date Time Mod No Checker Record Status Date Time Authorization Status Address Details Seq No The sequence number is automatically generated by the system Address Type Select the address type of the customer from the following options provided in the drop down list e Permanent e Home e Work e Temporary e Others Mailing Check this box to indicate that the address you specify here is the customer s mailing address Address Line 1 3 Specify the address of the customer in three lines starting from Address Line 1 to Address Line 3 Contact Number Specify the contact telephone number of the customer Zip Specify the zip code associated wit the address specified 1 6 ORACLE Country Specify the country associated with the address specified Employment Details Seq No The sequence number is automatically generated by the system Employment Type Select the customer s employment type from the drop down provided The following options are available e Part Time e Full Time e Contract Based Employer Specify the name of the employer of the prospective customer Occupation Specify the occupation of the prospective customer Designation Specify the designation of the prospective customer Employee Id Specify the employee Id of the prospective customer Address Line 1 3 Specify the employment address of the customer in th
74. estigation gt Document Capture Finance Approval gt Information captured during Previous stages are verified gt Advice Generation Document Verification gt Information captured during Previous stages are verified gt All documents obtained are verified against checklist Customer Customer Account Contract Collateral Creation gt Customer Creation gt Customer Account Creation gt Finance Account Creation gt Collateral Creation Vendor Payment Sale Confirmation User Acceptance Disbursement of Murabaha Manual Liquidation Asset Capture The various tasks carried out in these stages will be explained in detail in the subsequent sections 1 37 ORACLE 1 16 1 Process Flow Diagram The process flow diagram given below illustrates the activities carried out during the different stages of the workflow c um l e J ES E um Im L gt fs 1 38 ORACLE 1 16 2 Process Matrix The process matrix given below lists out the different stages the user role handling each stage the function Ids involved and the exit points for each stage Stage Stage Title Description Function Id Exit point Stage 1 Application Entry The following details are ORDMURAE PROCEED 1 captured as part of this CANCEL stage Application Details Applicant Details Requested Finance Details Limits Information Collateral Details Check List User Defined Fields and Comments
75. et Customer Dedupe Loan Dedupe Customer MIS Customer Account MIS Customer Account Fields Remarks Prev Remarks Audit The details related to the finance application entry are displayed in this screen which can be verified by the verifier The details cannot be modified in this stage but comments can be added appropriately On completion of this stage the advices that are maintained for the stage are generated The verifier can either send the application back to the previous stage if the information provided is not adequate or can cancel it if the information captured is not satisfactory If the application details are verified successfully the verifier can proceed with the processing of the application by selecting PROCEED as the Outcome The verifier can select REJECT to return the process to previous stage for data correction or CANCEL to terminate the process On successful verification a message stating that the task is successfully completed gets displayed To acquire the next stage you need to go to the Task menu and select Assigned under Standard option All tasks that have been successfully completed are listed in the right side of the screen Select the checkbox against your Workflow Ref No and click Acquire button at the top of the screen to acquire the next stage of the task ORACLE 1 82 The following message gets displayed on successful acquisition of the task
76. evaluate a business rule Based on that rule the system initiates both Internal KYC and External KYC or both during application entry and verification stage If you do not check this box the system then skips the Internal KYC and External KYC stages after completing the application entry and verification stages 1 43 ORACLE Auto Decision Required Check this box to enable auto decision on finance application If you check this box based on the applicant credit score auto decision mapping maintained in Auto Decision screen the system decides whether to approve reject recommend approval or recommend rejection of the application If you do not check this box the system will not make an auto decision with regard to approval of the application You can set the status of this check box only during Application Entry stage External Credit Check Required Check this box to enable external credit bureau service for credit evaluation of the finance applicant If you check this box the system will automatically initiate external credit check If you do not check this box the system will not initiate external credit bureau check The credit check initiation happens before underwriting stage Applicant Details Type Select the type of the customer from the drop down list provided The following options are available e Primary e Co Applicant Existing Check this box to indicate if the customer applying for the finance
77. h Jiddayah Amount gets calculated based on the Hamish Jiddayah 96 Hamish Jiddayah 96 The system captures the Hamish Jiddayah percentage value This value should not be a negative value However you can modify it Effective Date The system captures the effective date of user defined elements However you can modify it in the underwriting stage User Defined Element Values The system supports multiple User Defined Elements here based on the effective dates maintained UDE Id Select the User Defined Element Id from the adjoining option list Value Specify the UDE value Rate Code Select the rate code for UDE from the adjoining option list 1 106 ORACLE Code Usage Select the code usage from the adjoining drop down list Resolved Value The system defaults the system revised UDE value Intermediary System displays the intermediary details including the compensation percentage for each Intermediary based on the Inetrmediary group mainatined in Application Entry stage However you can modify it The payment schedules are derived based on the offer selected You can select only one finace offer in this screen 1 16 39 Component Tab In Component tab the system calculates and displays the payment schedules and the schedule details based on the finance offer selected If you have selected an Enquiry ID for the customer then the schedule details that have been stored for the corresponding financ
78. ified in this stage but comments can be added appropriately On completion of this stage the advices that are maintained for the stage are generated The verifier can either send the application back to the previous stage if the information provided is not adequate or can cancel it if the information captured is not satisfactory If the application details are verified successfully the verifier can proceed with the processing of the application by selecting PROCEED as the Outcome The verifier can select REJECT to return the process to previous stage for data correction or CANCEL to terminate the process On successful verification a message stating that the task is successfully completed gets displayed To acquire the next stage you need to go to the Task menu and select Assigned under Standard option All tasks that have been successfully completed are listed in the right side of the screen Select the checkbox against your Workflow Ref No and click Acquire button at the top of the screen to acquire the next stage of the task ORACLE 1 80 The following message gets displayed on successful acquisition of the task Information Message ST ACQR 001 Acquire Successful Step 3 Application Management Verification Stage The information captured in the previous stage is verified for the second time and for second level approval in the Application management Verification stage A
79. ify the percentage of amount financed that is appraised 1 16 16 Specifying Appraiser Details Appraiser Name Specify the name of the appraiser here Appraised Value Specify the value appraised Appraisal Date Specify the date on which the appraisal was done 1 16 17 Specifying Total Amount Details Downpayment Specify the amount paid as down payment Vehicle Value Specify the value of the vehicle Maintenance Cost Specify the maintenance cost of the vehicle Insurance Amount Specify the insurance amount for the vehicle 1 65 ORACLE Asset Finance Amount Specify the amount financed for the asset 1 16 18 Specifying Insurance Details Insured By Bank Check this box to indicate that the asset is insured by the bank Insurance Company Select the name of the company through which the assets is insured Premium Amount Specify the premium amount to be paid for the insurance 1 16 19 Specifying Balance Details Outstanding Principal The outstanding principal on the account for this vehicle is displayed here Outstanding Profit The outstanding profit on the account for this vehicle is displayed here 1 16 20 Equipment Asset Click Equipment Asset button Murabaha Application Entry screen to invoke Equipment Asset screen 1 66 ORACLE Multiple Asset x Application Number IslamicMurabahaAccount5537 Vehicle Property Project Goods Build Materials Servi
80. is an existing customer of the bank Default On clicking the default button after specifying the customer number the system displays the existing customer number On clicking the default button without specifying the customer number the new customer number gets defaulted If the branch code is not specified then the application branch gets defaulted Local Branch Specify the local branch home branch of the finance applicant Select the appropriate one from the option list Customer No The system displays the customer number However you can modify it For existing customers you need to select the customer number from the option list provided Click Default button to default the details of existing customers 1 44 ORACLE The system defaults the customer number if the local branch is specified and the check box Existing remains unchecked Short Name Specify the short name of the applicant Customer Name Specify the customer name Responsibility Specify the Co Applicant s Responsibility for all parties other than primary Applicant Liability Specify the liability for all parties other than primary applicant RM ID Select the ID of the Relationship Manager from the adjoining option list RM Name Specify the name of the Relationship Manager of the finance applicant Country This is the country as given in the address of correspondence of this customer SSN Specify the SSN of the cus
81. ive line amount basis will be made as a mandatory field e Effective line amount basis will be allowed to change only before first authorization of line The Effective Limit Amount can be modified only before the first authorization of the Line Additional Line Amount Enter the effective line amount Pool Details Pool Code Specify the Pool Code here The pool code assigned to each collateral pool can be linked to a Liability while creating credit limits Pool Description Specify a brief description of the collateral pool here Pool Currency Specify the currency in which the Collateral Pool has to be maintained Pool Amount The entire Collateral Linked amount will be displayed in this field Pool Utilized This field displays the pool amount that has been linked to a various credit lines hence displaying the total pool amount utilized at any point in time 1 58 ORACLE 1 16 10 Collaterals Tab You can capture the details related to the collaterals provided by the customer in this tab E islamic Murabaha Application Entry Save Hold Application Category Product Code Description Application Branch 007 Application Date 2012 05 15 Applicant Details Type Primary Local Branch Lead Id Enquiry ID Customer No Main Details Financial Requested Limit Comments Collateral Details Collateral Branch Collateral Id Collateral Description ai Colla
82. longing to user role CMROLE are authorized to perform these tasks Islamic Murabaha Loan Approval Save vil Hold Application Category Lead Id Application Number Product Code Enquiry ID UserReference Description Application Priority Low Application Branch 007 Application Status Application Entry Application Date 2012 05 15 main Details Financial Requested Limit Collateral Credit Score Bureau Ratio Financing Component Charge Investigation Comments Channel Required C External Credit Check Intermediary Group C Auto Decision Required Required Applicant Details 10H E Type Existing Local Branch Customer No Default ShortName Customer Name Nationalld Responsibility Liability RMID RM Name Country FirstName Account Details Nationality Middle Name Account Branch Language Last Name Account Class SSN Salutation Mr Account Number Customer Category Gender Male M Financial Currency i imine Date of Birth Corporate Details inn Mothers Maiden Name Date Mobile Number Marital Status Married Landline Number Capital Email Net Worth F t Passport Number Business Description Passport Issue Date Country Passport Expiry Date Documents Multiple Asset KYC Review Customer Dedupe Loan Dedupe Customer MIS Customer Account MIS Customer Account Fields Vehicle Evaluator Bureau Report Loan MIS Prev Remarks Rem
83. lt Check this box to set this as the default price ID for the price group that you maintain Formula Click Formula button to define the pricing rule for each price ID You can define the formula using origination system elements in Oracle FLEXCUBE Formula Maintenance 10f1 Sequence Number Condition 1 c Elements Index Functions Braces Operators You can specify the following details here Sequence Number The sequence number is automatically generated by the system Condition The condition specified using the Elements Functions Operators etc gets displayed here Result Specify the result to be associated with the condition specified Elements Specify the data elements to be used to define the formula for pricing details or select the element from the option list provided 1 34 ORACLE Functions Select the mathematical function to be used to define the formula from the drop down list provided Braces Select the opening or the closing brace from the drop down list provided to define the pricing details formula Operators Select the mathematical operator to be used to define the pricing details formula You can select Es us Or VT Logical Operators Select the logical operator to be used to define the pricing details formula You can select lt gt lt gt gt lt
84. maintained in here the system decides whether to approve reject recommend approval or recommend rejection of the application Viewing Credit Rule Summary You can view a summary of the credit rules in Rule Maintenance screen You can also query for a particular record based on desired search criteria You can invoke this screen by typing ORSRULMT in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button 1 16 ORACLE 1 7 Rule Maintenance Authorization Status Record Status Rule Id 7 Advanced Search Records per page 15 1 0f 1 Authorization Status Record Status Rule Id Account Description w You can specify any of the following details to search for a record e Authorization Status e Record Status e ld Click Search button to search for a record based on the search criteria specified You can double click a desired record to view the detailed screen Maintaining Credit Ratios You can maintain the rules to calculate the credit ratios in Credit Ratio Maintenance screen 1 17 ORACLE You can invoke this screen by typing ORDRATMT in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button Credit Ratio Maintenance Save Hold Group Id Description Type Retail Ratio Id Description Formula Formula Date Tim
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86. ms including any operating system integrated software any programs installed on the hardware and or documentation delivered to U S Government end users are commercial computer software pursuant to the applicable Federal Acquisition Regulation and agency specific supplemental regulations As such use duplication disclosure modification and adaptation of the programs including any operating system integrated software any programs installed on the hardware and or documentation shall be subject to license terms and license restrictions applicable to the programs No other rights are granted to the U S Government This software or hardware is developed for general use in a variety of information management applications It is not developed or intended for use in any inherently dangerous applications including applications that may create a risk of personal injury If you use this software or hardware in dangerous applications then you shall be responsible to take all appropriate failsafe backup redundancy and other measures to ensure its safe use Oracle Corporation and its affiliates disclaim any liability for any damages caused by use of this software or hardware in dangerous applications This software and related documentation are provided under a license agreement containing restrictions on use and disclosure and are protected by intellectual property laws Except as expressly permitted in your license agreement or allowed by law you
87. nce account Field Description Financing Application Number The application number of the finance Approved Financing Amount The amount approved for the finance Tenor In Months Tenor in terms of months Applied On The date of application of the finance Profit Rate The rate of profit applicable on the finance Viewing Document Checklist Summary You can view a summary of the document checklists and advices in Document Details screen You can also query for a particular record based on desired search criteria You can invoke this screen by typing ORSDOCMT in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button 1 26 ORACLE 1 13 Documents Details Authorization Status Process Code Records perpage 15 Authorization Status 28 Record Status Application Category Advanced Search 1 Of 1 Record Status Process Code Application Category You can specify any of the following details to search for a record e Authorization Status e Record Status e Process Code e Application Category Click Search button to search for a record based on the search criteria specified You can double click a desired record to view the detailed screen Maintaining Application Category Details You can maintain various application categories linked to multiple finance products that cater to the req
88. nd sending the contractual agreements takes place 1 114 ORACLE Step 8 Document Verification Stage In the Document Verification stage the documents captured in the previous stages are verified It is ensured that all documents in the checklist maintained are obtained from the customer In this stage the application and applicant information captured as part of the previous stages undergoes a final verification Users belonging to user role CMROLE are authorized to perform these tasks You can key in the Finance application details required in Murabaha Document Verification Screen Islamic Murabaha Document Verification Save M Hold Application Category Lead d Application Number Product Code Enquiry ID User Reference Description Application Priority Low Application Branch 007 Application Status Application Entry Application Date 2012 05 15 _ Financial Requested Limit Collateral Credit Score Bureau Ratio Financing Component Charge Investigation Comments Channel KYC Required External Credit Check Intermediary Group Auto Decision Required Required Applicant Details 101 Type Existing Branch CustomerNo Default ShortName CustomerName Nationalld Responsibility Liability RMID m Country First Name Account Details Nationality Middle Name Account Branch Language Last Name Account Class SSN Salutation Account Number Cus
89. nfirmed the system will trigger the disbursement of Murabaha based on the value date If the sale is rejected the system will display the asset detail capture detail Step 14 Manual Liquidation Stage Manual Liquidation is possible only if disbursement is done 1 118 ORACLE ijarah Manual Liquidation Save Hold Application Number Account Customer Id Penalty Rates Check List Value Date 2012 05 15 Execution Date 2012 05 15 E Limit Date A Payment Details 10f Application Date 2012 05 15 Status Manual Liquidation v Product Product Description Main Interest Rate Reversed Payment Mode Settlement Currency Settlement Amount Financing Currency Equivalent Original Exchange Rate Exchange Rate Account X LH E Branch Code ESN Mudarabah Installment s Gross Profit Populate Due Excess Profit Customer Incentive Bank Profit I E Component Details 10f1 Component Name AmountDue Adjustment Due Amount Overdue Amount Amount Waived Amount Capitalized Prepayment of Amortized Finance Recomputation Basis New Maturity Date Next Schedule Date Maturity Nata Prepayment of Simple Finance Recomputation
90. ng rule to an application category during murabaha finance origination The pricing rule automatically selects the best matched finance offer for the finance application from the available offers for the application category You need to maintain pricing groups and define the price IDs and formulae for the group using Pricing Maintenance screen To invoke the screen type ORDPROMT in the field at the top right corner of the application toolbar and click the adjoining arrow button 1 32 ORACLE Pricing Details Price Group ID Description Pricing Details 10f1 Price ID Price Description Price Type Retail Default Formula Offer Ic El Checker Mod No Date Time Date Time Record Status Authorization Status Specify the following details Pricing Group Specify a unique name to identify the price group Description Specify a brief description of the price group Specify the price type associated with the price group You can choose one of the following price Price Type types e Retail e Corporate e ljarah e stisna e Mudarabah e Murabaha e e Tawarooq Pricing Details Specify the following details 1 33 ORACLE Price ID Specify a unique price ID This price ID can be applied to a finance at underwriting stage Price Description Specify a brief description of the price ID Defau
91. nths Maker Date Time Mod No Checker Record Status Date Time Authorization Status 1 4 You can capture the following details here Currency Specify the finance currency preference of the customer or select the currency from the option list provided Requested Amount Specify the finance amount requested by the prospective customer EMI Amount Specify the preferred EMI amount of the prospective customer Tenor in months Specify the preferred finance tenor in months of the prospective customer Rate Specify the preferred profit rate of the prospective customer Viewing Finance Prospect Summary You can view a summary of the prospective finance customers or the borrowers in Finance Prospect Details screen You can also query for a particular record based on desired search criteria You can invoke this screen by typing ORSLEADM in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button 1 9 ORACLE Loan Prospect details Authorization Status Record Status Lead Id ai Date of Enquiry Search Advanced Search Records per page 15 Authorization Status Record Status Lead Id Date of Enquiry You can specify any of the following details to search for a record e Authorization Status e Record Status e Lead Id e Date of Enquiry Click Search button to search for a record based on the search c
92. numeric value Registered on Name Specify on whose name the property is registered Title Deed Issued From Specify from where the title deed was issued Registration Number Specify the registration number of the property here Date Specify the date on which the property was registered Title Deed Issue Date Specify the date on which the title deed was issued Villa Apartment Number Specify the number of the villa or the apartment Building Compound Name Specify the name of the compound in which the building is located Street Name Specify the name of the street in which the property is located PO Box Specify the post office box number of the location where the property is located Emirate Select the Emirate where the property is by clicking on the option list The Emirates that you have maintained using the Limits Type Maintenance screen will be listed here for selection 1 72 ORACLE Area within Emirate Specify the area within the selected Emirate by clicking on the option list The different areas with Emirate that you have maintained using the Limits Type Maintenance screen will be listed here for selection Country Specify the country where the property Mortgage Degree Specify the degree of mortgage of the property Lot Number Specify the lot number of the property 1 16 27 Specifying Vendor Details Vendor Code Select the vendor code from the option list All the vend
93. ocation Specify the location where the equipment is Street Specify the name of the street where the equipment is Area Select the area where the equipment is from the option list The different areas that you have maintained using the Limits Type Maintenance screen will be listed here for selection City Select the city where the equipment is from the option list The different cities that you have maintained using the Limits Type Maintenance screen will be listed here for selection Country Select the country where the equipment is from the option list The different countries that you have maintained using the Limits Type Maintenance screen will be listed here for selection Owners Specify the name of the person who owns the equipment Description Enter a description for the equipment Currency Specify the currency of the account Downpayment Specify the amount paid as down payment Asset Finance Amount Specify the amount financed for the asset 1 16 22 Specifying Seller Details Vendor Code Select the vendor code from the option list All the vendor codes maintained using the Vendor Maintenance screen is listed for you to select Vendor Name The vendor name corresponding to the vendor code selected is displayed here Selling Date Specify the date on which the equipment was sold 1 68 ORACLE Invoice Date Specify the date on which the invoice was created Invoice Numb
94. omer Creation Creation Murabaha Account Creation Liability Creation Collateral Creation Finance Creation 10 Vendor Payment This stage will enable to ORDMRVPD PROCEED 10 trigger payment to the CANCEL vendors of all the underlying assets involved in the Murabaha 11 Sale The outcome of the sale ORDMRSAC PROCEED 11 confirmation of the REJECT 1 40 ORACLE Confirmation underlying assets triggers CANCEL the Murabaha origination in the next stage 12 User The outcome of the User ORDMRUAC ACCEPT 12 Acceptance acceptance on sale confirmation of the REJERT underlying assets triggers the Murabaha origination in the next stage 13 Disbursement of If outcome of stage 13 is N A 13 Murabaha ACCEPT the disbursement of Murabaha for the underlying asset happens 14 Manual If outcome of stage 13 is ORDMRPMT PROCEED 14 Liquidation REJECT the manual CANCEL liquidation happens 15 Move to Stock or Next stage of Manual ORDMRPRO PROCEED 15 Add to Inventory Liquidation is Asset CANCEL Capture The stages are explained in detail in the sections that follow Step 1 Finance Application Details Entry Stage In this stage the bank receives an application for a finance along with the relevant documents and financial statements from a prospective customer If the applicant does not have an account but intends to open one the bank also obtains the account opening form and related documents as
95. omer MIS Customer Account MIS Customer Account Fields Prev Remarks Income Details Remarks Audit You can capture the following details corresponding to the finance applicant s income Income Type Select the type of income associated with the customer from the drop down list provided The following options are available e Salary e Rent e Business e Others Currency Specify the currency in which the customer draws his income or select the currency from the option list provided Amount Specify the amount that the customer draws as his income 1 51 ORACLE Frequency Select the frequency at which the customer earns income The following options are available in the drop down list e Daily e Weekly e Monthly e Quarterly e Half Yearly e Yearly Liability Details You can capture the following details corresponding to the finance applicant s liabilities Liability Type Select the type of the liability from the following options provided in the drop down list e Finance e Lease e Rent e Others Liability Sub Type Specify the sub type corresponding to the liability Frequency Select the frequency at which the customer pays his liability amount The following options are available in the drop down list e Daily e Weekly e Monthly e Quarterly e Half Yearly e Yearly Amount Specify the amount that the customer pays as his liabilit
96. on Specify a description for the property Builder Name Specify the name of the builder of the property Project Name Specify the name of the project Building Name Specify the name of the building for which finance is taken Wing Name Specify the name of the wing in which the property is District Area Hoz Raqam Select the district or area within the selected Emirate by clicking on the option list The different districts within the Emirates that you have maintained using the Limits Type Maintenance screen will be listed here for selection City Select the city where the property is by clicking on the option list The different cities that you have maintained using the Limits Type Maintenance screen will be listed here for selection Area in Another Country Select the area in another country where the property is by clicking on the option list The different areas in another country that you have maintained using the Limits Type Maintenance screen will be listed here for selection Plot Number Specify the plot number here Property Status Specify the status of the property financed 1 71 ORACLE Property Area Specify the area of the property Property Usage Specify the usage of the property here For example Primary Secondary etc Date of Completion Specify the date of completion of the property construction Title Deed Number Specify the title deed number This has to be an alpha
97. on Entry Application Entry Application Entry Document Verification Underwriting ALLROLES ALLREAD 2010 07 01 19 07 44 IST ALLROLES ALLREAD 2010 07 01 19 45 10 IST ALLROLES ALLREAD 2010 07 01 19 55 02 IST ALLROLES ALLREAD 2010 07 02 11 24 34 IST Low ALLROLES ALLREAD 2010 07 02 14 14 12 IST Low User Name Action Code Action Description Remarks All tasks that have been successfully completed are listed in the right side of the screen Select the checkbox against your Workflow Ref No and click Acquire button at the top of the screen to acquire the next stage of the task The following message gets displayed on successful acquisition of the task Information Message ST ACQR 001 Acquire Successful Click Ok to proceed to the next stage To select the acquired task for the next stage select Acquired under Standard option in the Task menu All the tasks that have been successfully acquired are displayed in the right side of the screen Search for your workflow reference number and click the Workflow Ref No to open Murabaha Application Verification screen Step 2 Application Verification Stage The information captured in the previous stage is verified in the Application Verification stage Application verification is carried out by the user role CMROLE 1 79 ORACLE You can key in the finance application details required in Murabaha Application Verification scre
98. ontract for this property is displayed here Vendor Type Select the vendor type from the drop down list The options available are e C Contractor e N Consultant e P Project Manager Chosen By Select by whom the property is chosen from the drop down list The options available are e Bank e C Customer Code Select the vendor code from the options list available 1 74 ORACLE Name The name of the vendor is displayed here Account Value Specify the value of the account here Date Specify the date of the contract here Construction Start Date Specify the date on which the construction of the property started Proposed Completion Date Specify the proposed date of completion of the property 1 16 32 Comments Tab In this tab you can specify comments if any related to the finance application islamic Murabaha Application Entry Save Hold Application Category Product Code Description Application Branch 007 Application Date 2012 05 15 Main Details Financial Requested Limit Collateral ERN Comments 10f1 Serial No Comments Lead Id Enquiry ID Comment By E 32474401 Comment Date 2012 05 15 Application Number IslamicMurabahaAccou User Reference Application Priority Low Application Status Application Entry
99. or codes maintained using the Vendor Maintenance screen are listed for you to select Vendor Name The vendor name corresponding to the vendor code selected is displayed here 1 16 28 Specifying Amount Details Currency Specify the currency of the account Requested Amount Specify the amount requested for finance Downpayment Specify the amount paid as down payment Property Value Specify the value of the property here Insurance Value Specify the amount for which the property is insured Asset Finance Amount Specify the amount financed for the asset 1 16 29 Specifying Insurance Details Insurance Company Select the name of the company from which insurance coverage is taken for the property 1 73 ORACLE Insurance Paid By Specify by whom the insurance for the property is paid Premium Amount Specify the premium amount to be paid for the insurance Insured Name Specify on whose name the insurance is taken Insurance Expiry Date Specify the date on which the insurance expires 1 16 30 Specifying Evaluator Details Name Specify the name of the evaluator in this field Value Specify the evaluation value in this field Date Specify the date of evaluation in this field 1 16 31 Specifying Balance Details Outstanding Principal The outstanding principal on the finance contract for this property is displayed here Outstanding Profit The outstanding profit on the finance c
100. ord based on the KYC Review and SDN Review screens and choose the external KYC status and SDN status respectively based on the review You need to query on the records using all or a combination of the following criteria e Customer Number e First Name e Last Name e Date Of Birth e Country e internal e Internal Remarks e External e External Remarks e SDN status e Review Click the Query button to view all records that match the specified criteria 1 90 ORACLE If the customer details do not match any of the displayed records select the action CLEARED from the drop down list adjoining the Audit button Click the Save icon in the tool bar to save the record The following screen will be displayed e Information Message Information Message D The task is completed successfully The Workflow Reference Number is IslamicMurabahaAccount4618 Click Ok to proceed to the next stage To select the acquired task for the next stage select Acquired under Standard option in the Task menu All the tasks that have been successfully acquired are displayed in the right side of the screen Search for your workflow reference number and click the Workflow Ref No to open Murabaha Underwriting screen Step 6 Underwriting In this stage the bank assesses the eligibility of the borrower for the requested finance offer based on the analysis of the borrower s financial ratios and credit scores
101. ow button Document verify Maintenance Save lil Hola Process Code Application Category Process Stages Stage Stage Document Details 10 Document Category Document Type Mandatory i Mandatory Bl Advices 10f1 Report Name Template Format PDF Locale Outcome vy en US v Checklist Details 10f1 Sequence Number 1 Checklist Item Mandatory Maker Checker Date Time Mod No Record Status Date Time Authorization Status You can specify the following details in this screen Process Code Specify the process code of the process for which you wish to maintain override conditions or select the process code from the option list provided 1 24 ORACLE Application Category Specify the category to which the finance application belongs or select the application category from the option list provided Stage Select the stage of the finance origination process from the option list provided The various stages can be Application Entry Application Verification Underwriting Finance Approval etc Stage Title Specify a suitable description for the finance origination stage Document Details Document Category Specify the category to which the document belongs o
102. pplication verification is carried out by the user role CMROLE 1 81 ORACLE You can key in the finance application details required in Murabaha Application Management Verification screen islamic Murabaha Management Verification Save 4 Hold Application Category Product Code Description Application Branch 007 Application Date 2012 05 15 Details Financial Requested Limit Collateral Comments Channel Intermediary Group Applicant Details 101 Type Existing Lead ld Enquiry ID Local Branch x CustomerNo Default Short Name x Customer Name KYC Required Auto Decision Required National Id Application Number User Reference Application Priority Application Status Low Application Entry External Credit Check Required Responsibility Liability RMID m Islamic Murabaha Management Verification Nationality Language SSN Customer Category Financial Currency Group Code Mobile Number Landline Number Email First Name Middle Name Last Name Salutation Gender Date of Birth Mothers Maiden Name Marital Status Dependents Fax Passport Number Passport Issue Date v Male Married Account Details Account Branch Account Class Account Number Default Corporate Details Date Capital Net Worth Business Description Country Passport Expiry Date Documents Multiple Ass
103. quested Amount Specify the amount requested corresponding to the itemization specified Tenor In Months Enter the tenor in months Rate Enter the profit rate for the finance Hamish Jiddayah Specify the amount paid as Hamish Jiddayah Promotion Id Specify a unique 4 character alphanumeric code to identify the promotion in the system No of Installments Specify the requested Number of Finance Installments Schedules Frequency Specify the requested Finance Schedule Frequency Unit Select the requested Finance Schedule Frequency Unit Basis from the adjoining drop down list The system defaults the values of the following in the loan block in the underwriting stage e No of installments e Frequency e Unit Financing against Salary Check this box to indicate that the finance should be associated with the applicant salary account Financing Purpose Give a brief description on the purpose of financing Itemization Details Itemization Specify the tenor itemization that is required For example you can specify the itemizations like Booking Amount Payment Interiors etc 1 55 ORACLE Amount Specify the amount requested corresponding to the itemization specified Comments Give your comments if any corresponding to the itemization 1 16 9 Limits Tab You can capture the details related to the limits provided by the customer in this tab Islamic Murabaha Application Entry Save Hold
104. r Customer account is also created if information is captured for the same The system creates a Customer Finance Collateral Facility Account in Oracle FLEXCUBE with details captured from previous stages A user in manager level role handles this stage The creation of customer collateral and finance can be verified in ORDMRMCU screen Step 10 Vendor Payment Stage In this stage you can make the payments to the vendors of all the underlying assets involved in the Murabaha in case asset is not from inventory and asset is marked as sold in case the asset is from inventory You can do this using Murabaha Vendor Payment Screen Murabaha Vendor Payment save vii Hold Payment By Contract Payment Reference 007ZVPY121360002 Application Number Product Code Payment Currency Application Date 2012 05 15 Contract Reference Value Date 2012 05 15 Branch 007 Total Amount Paid Status Vendor Payment Fund Id Single Vendor Settlement Details Transaction Code o Vendor Code Suspense GL Vendor Payable Account Vendor Payable GL Vendor Name Payment Mode Account Transfer Vendor Payment Details a vj Vendor Code Contract Reference AssetCode AssetCost Due Amount AmountPaid Settle Payment Mode Suspense GL v Onward Remittance Prev Remarks Remarks Audit You can indicate that whether the asset is in stock or not
105. r select the document category from the option list provided Document Type Specify the type of the document or select the document type from the option list provided Mandatory Select the option to indicate whether the document is mandatory or not You can select any of the following options from the drop down list provided e Mandatory e Overridden e Others BI Advices Report Name Specify the name of the advice report to be generated on completion of the process stage Template Specify the template to be used to generate the advice report Format Select the format in which the advice report needs to be generated from the drop down list provided The following options are available e PDF e Locale Select the locale information to be used for generating the advices from the drop down list The following options are available e en US 1 25 ORACLE 1 11 1 Process Flow BPEL Report 1 12 Based on the details maintained on this screen you can generate a report from any stage of the process flow To generate this report from a particular stage you need to click the Document tab at that stage Under the frame Advices you have the option to generate this report You can generate the report only if you maintain ORRPICAL en US rtf as the template You can generate this report in PDF or RTF formats Contents of the Report This report contains the following details of the fina
106. races Operators Logical Operators fi You can specify the following details here Sequence Number The sequence number is automatically generated by the system Condition The condition specified using the Elements Functions Operators etc gets displayed here Result Specify the result to be associated with the condition specified Elements Specify the data elements to be used to define the formula for credit score calculation or select the element from the option list provided Functions Select the mathematical function to be used to define the formula from the drop down list provided Braces Select the opening or the closing brace from the drop down list provided to define the credit score calculation formula 1 14 ORACLE 1 5 3 1 5 4 Operators Select the mathematical operator to be used to define the credit score calculation formula You can select or f Logical Operators Select the logical operator to be used to define the credit score calculation formula You can select lt gt lt gt gt lt AND or OR Specifying Credit Grades You can maintain different credit grades based on the credit scores obtained Click Rating button in Rule Details screens to invoke the Rating screen where you can maintain these details Rating Rating 10f V Sequence Number x Score
107. ral Comments Channel LE KYC Required F External Credit Check Intermediary Group 28 7 Auto Decision Required Required Applicant Details 10f1 v Type Existing Local Customer Default Short Name Customer Name National Id Primary amp 2 a c c 4 d D Country a First Name c Account Details Nationality Laz Middle Name c Account Branch Language LE Last Name Account Class EE SSN Salutation Account Number 28 Customer Category zj Gender Male Financial Currency GH _ Date of Birth e Corporate Details Group Code z5 Mothers Maiden Name Mobile Number Date E Marital Status Married i Landline Number B Capital Email ependens Net Worth Fax Passport Number e Business Description c Passport Issue Date E Country zi Passport Expiry Date E Prev Remarks Remarks Audit Outcome E The Application Number is automatically generated by the system You can capture the following details in the main screen Application Category Specify the finance application category to be used or select the application category from the option list provided Product Code Specify the Murabaha product to be used for initiating the finance or select the product code from the option list provided Branch Code The system displays the branch code here Lead ID Specify the lead Id of the finance applicant or select the lead Id from the option list provided 1 42 ORACLE Enquiry ID
108. ranch Specify the branch in which liability is associated Liability Currency Specify the currency with which the liability is associated This cannot be changed post authorization Overall Limit Specify the overall limit amount for that liability Value entered in the field will be in the currency stated above If liability is of customer group then overall limits stated will be common to all the customers Line Details Line Code Specify the Line Code to which the liability ID is to be associated with Allocating credit limits for the Line Liability combination can be done The customer s who fall under this Liability Code will in turn avail credit facilities under this Credit line By linking a Credit Line to a Liability code the customer also gets linked to the Credit Line This is true because a Liability code has been assigned to every credit seeking customer and the credit facilities granted to the customer are defined and tracked against this code Line Serial Each time a customer line code combination is specified Oracle FLEXCUBE ELCM system assigns a unique serial number to the combination This serial number is unique to the line liability code combination Thus for every new record entered for a Line Liability combination a new serial number is generated The Line Liability Serial number forms a unique combination Line Branch Select the line branch code from the adjoining option list Main Line Code
109. ree lines starting from Address Line 1 to Address Line 3 Zip Specify the zip code associated with the office address specified Country Specify the country associated with the employment address specified Phone No Specify the official phone number of the prospective customer Extn Specify the telephone extension number if any of the prospective customer Contact Specify the contact number of the prospective customer 1 7 ORACLE 1 3 3 Contact Name Specify the name of a contact person at the customer s office Contact Phone Specify the contact phone number of the customer s contact person Contact Extn Specify the telephone extension number if any associated with contact person Comments Specify comments if any related to the customer s employment Department Specify the department to which the customer belongs Stated Years Specify the number of years the customer has spent with his current employer Stated Months Specify the number of months the customer has spent with his current employer Requested Tab You can capture the details related to the requested finance in Requested tab Prospect Details Save vi Hold Lead Id Branch Code 001 Financing Type Retail Description Date of Enquiry 2012 11 07 Main Details 09 Requested Loan Details Reason Requested Currency Rate Loan Purpose Requested Amount Tenor In Mo
110. riteria specified You can double click a desired record to view the detailed screen Maintaining Credit Rating Rules You can maintain a set of questions along with a possible set of answers with associated scores to assess the credit rating of a prospective finance customer You can also calculate the risk factor associated with the finance and arrive at a credit grade based on the scores obtained You can maintain these details in Rule Details screen You can invoke this screen by typing ORDRULMT the field at the top right corner of the Application tool bar and clicking the adjoining arrow button 1 10 ORACLE 1 5 1 Rule Details Save il Rule Id RULE I Account Description RULE UJ BB isk Factor Question Details 101 Question Id Question wat is your monthly expe CO Checker Mod No Author You can specify the following details in this screen Rule Id Specify a unique identification for the credit rating rule Description Specify a suitable description for the credit rating rule Type Select the type of the finance from the following options available e Retail e Corporate Main Tab You can maintain the following details in this tab Question Details Question Id The question Id is automatically generated by the system Category Select the category to which the question belongs from the option list provided 1 11 ORACLE Question Specify the question to
111. roduct Message Customer No 000000103 External Agency Agent1 Credit Report Id Report Date Unique Id OnFile Date Best Match Consumer Statement Credit Scores 1 100 Inquiries Credit Bureau Report Application Number IslamicMurabahaAccou Requested Id 1425 Report Header Bureau First Name MiddleName Last Name Birth Date Customer No 000000103 External Agency Agent1 Credit Report Id Report Date Unique Id OnFile Date C Best Match Summary 1 Summary 2 Trade Lines Public Records Collections Fraud Messages Also Known As Consumer Statement Credit Scores Inquiries 10 Inquirer Inquirer Subscriber Inquirer Industry Code Inquiry Date Rate Shopping Duplicate Also Known As Credit Bureau Report Application Number IslamicMurabahaAccou Requested Id 1425 Report Header Bureau First Name MiddleName LastName Birth Date Also Known As 10f Customer No 000000103 External Agency Agent1 Credit Report Id Report Date Unique Id On File Date C Best Match Summary 1 Summary 2 Trade Lines Public Records Collections Fraud Messages Inquiries Also Known As Consumer Statement Credit Scores _ FirstName LastName Suffix Spouse FirstName gt
112. sociated with the customer E islamic Murabaha Underwriting Transaction Branch Code 001 Save Hold Application Category MURABAHA 23 Lead Id Application Number IslamicMurabahaAccou Product Code MURK Enquiry ID User Reference 001MURK12312001 Description MURABAHA TENOR lt Default Application Priority Low Application Branch 004 Application Status Underwriting Application Date 2012 11 07 Applicant Details Type Primary v Local Branch 000 Customer No 000000103 Customer Name PAVIT address Main Details Financial Requested Limit Collateral Credit Score Bureau Ratio Financing Component Charge 8 Comments Invest Verification Type Status Internal H Not Required v Multiple Asset Review Customer Dedupe Loan Dedupe Customer MIS Customer Account MIS Customer Account Fields Vehicle Evaluator Bureau Report Loan MIS Loan Fields Prev Remarks Remarks Audit The following details related to the customer can be captured here e Verification Type e Verification agency You can view the investigation report associated with the customer by clicking the Report button 1 110 ORACLE 1 16 42 Comments Tab In this tab you can capture the comments by the users Islamic Murabaha Underwriting Transaction Branch Code 001 Save Hold Applic
113. splay an error message and will not proceed with the evaluation till the values are set as specified above After entering the required details select VERIFY as the Outcome and click Save If you have indicated that evaluation should be done you will not be allowed to select PROCEED or CANCEL as the Outcome till the verification has been successfully done The system will display a message stating that the task is successfully completed on saving the record 1 93 ORACLE To acquire the next stage you need to go to the Task menu and select Assigned under Standard option All tasks that have been successfully completed are listed in the right side of the screen Select the checkbox against your Workflow Ref No and click Acquire button at the top of the screen to acquire the next stage of the task The following message gets displayed on successful acquisition of the task P information Message Information Message Acquire Successful Click Ok to proceed to the next stage which will again be the underwriting stage To select the acquired task for the next stage select Acquired under Standard option in the Task menu All the tasks that have been successfully acquired are displayed in the right side of the screen Search for your workflow reference number and click the Workflow Ref No to open Murabaha Finance Underwriting Stage screen
114. tab You can modify these details if required If you have selected an Enquiry ID for the customer then the requested details that have been stored for the corresponding finance proposal are displayed here Islamic Murabaha Application Entry Save Hold Application Category Lead Id E Application Number IslamicMurabahaAccou c Product Code az Enquiry ID E User Reference Description Application Priority Low Application Branch 007 Application Status Application Entry Application Date 2012 05 15 Main Details Financial 88 Limit Collateral Comments Requested Details Requested Currency E No of Installments Financing Against Salary Requested Amount Frequency Financing Purpose Interest Rate Unit Tenor In Months Hamish Jiddayah Itemization Details 10f1 Serial No Itemization Comments Documents Multiple Asset Customer Dedupe Loan Dedupe Customer MIS Customer Account MIS Customer Account Fields Prev Remarks Remarks Audit You can also capture the following itemization details corresponding to the requested finance 1 54 ORACLE Finance Requested Requested Currency Specify the currency for transaction The adjoining option list displays all valid currencies maintained in the system You can select the appropriate one Re
115. ted the system calculates and displays the details like the Due Date Amount Due EMI Amount and Amortized Principal 1 16 40 Charges Tab In Charges tab the system calculates and displays charges if any applicable 1 108 ORACLE E islamic Murabaha Underwriting Transaction Branch Code 001 Save Hold Application Category MURABAHA 23 Leadid Application Number IslamicMurabahaAccou Product Code MURK Enquiry ID User Reference 001MURK12312001 Description MURABAHA TENOR Fc Application Priority Low Application Branch 001 Application Status Underwriting Application Date 2012 11 07 Main Details Financial Requested Limit Collateral Credit Score Bureau Ratio Financing Component IBI Investigation Comments Due Date Amount Due Amount Waived Component Name Component Currency Effective Date Multiple Asset KYCR Customer Dedupe Loan Dedupe Customer MIS Customer Account MIS Customer Account Fields Vehicle Evaluator Bureau Report Loan MIS Prev Remarks Remarks Audit The system calculates and displays the charge details associated with the finance The following details are displayed e Component Name e Event Code e Associated currency e Amount Waive Check this box to waive the charges associated with the finance 1 109 ORACLE 1 16 41 Investigation Tab In this tab the system captures the field investigation details as
116. teral Credit Score Bureau Ratio Financing Component Charge Investigation Comments External Credit Rating Recommended NotRecommended Request ID Status NotRequired External Agency Agenti Remarks c Score Documents Multiple As t Review Customer Dedupe Loan Dedupe Customer MIS Customer Account MIS Customer Account Fields Vehicle Evaluator Prev Remarks Remarks Audit In the application entry stage if the external credit required flag is checked the bureau report gets generated in the underwriting stage If the credit bureau is not checked in the application entry stage the underwriter can verify it in the underwriting stage by giving status as Required and Outcome as Verify On giving the outcome as verify the credit bureau verification happens and the application moves to underwriting stage again The credit agencies and the bureaus maintained for the Application Category are displayed in this Screen You can capture the remarks and recommendations from these agencies in this tab You can also view the credit report obtained from the agencies and bureaus 1 96 ORACLE Credit Bureau Details Customer Id The identification of the finance customer gets displayed here Bureau The credit bureau maintained for the Application Category in Application Category Maintenance gets displayed here Status Select the status for the credit bureau check from the following options in the drop down list
117. teral Currency Collateral Value Market Value Based Security Id Number Of Units Nominal Value Cap Amount Guarantor Based Guarantor Id Rating Covenant Details 10f1 CovenantName Description Reversal Date Start Date End Date Collateral Category Collateral Type Normal Linked Percent Linked Amount Haircut Haircut Schedule 10f1 Effective Date x Haircut 96 Application Number IslamicMurabahaAccou User Reference Application Priority Low z Application Status Application Enty Customer Name Revaluate Collateral Revaluation Date E Revision Date Charge X Utilization Order Commitment Product Vehicle Details Vehicle ID Vehicle Number Year Make Model Body Usage Valuation Source None Valuation Status NotRequired i is Mandatory Grace Days Notice Days X DueDate On Frequency StartDate StartMonth Remarks mm E m m poe m Documents Multiple Asset Customer Dedupe Loan Dedupe Customer MIS Customer Account MIS Customer Account Fields Prev Remarks Remarks In this screen specify the following details to facilitate vehicle evaluation
118. th the finance 1 29 ORACLE Rate Code Specify the rate code used to derive the profit rate or select the rate code from the option list provided Spread Specify the spread that is applicable for the finance being offered Effective Rate The effective profit rate gets displayed here based on the profit and the spread specified Default Check this box to indicate if the finance offer specified should be maintained as the default offer for the application category 1 13 2 Agency Tab In Agency tab you can capture the details of the credit rating agencies and credit bureaus that provide credit rating details for customer securities Application Category Maintenance Detail Save vil Hold Application Category Application Type Retail Category Description Rule Id Ratio Id Pricing Group m Credit Agency 10f1 Agency Code Agency Name v Bureau Details 10f1 Bureau Code Maker Date Time Mod No Checker Record Status Date Time Authorization Status You can specify the following details in this screen Credit Agency You can capture the details related to the credit rating agencies here 1 30 ORACLE Agency Code Specify the identification code of the rating agency that provides credit rating details for customer securities Agency Name Specify the nam
119. tomer Language As part of maintaining customer accounts and transacting on behalf of your customer Customer Category In this category you can classify customers of your bank Nationality Specify the nationality of the customer Financial Currency Specify the financial currency or select the financial currency from the option list provided Mobile Number Specify the mobile number of the customer Landline Number Specify the landline number of the customer 1 45 ORACLE E mail Specify the E mail address of this customer Fax Specify the fax number of the customer Retail First Name Specify the First name of the customer Middle Name Specify the Middle name of the customer Last Name Specify the Last name of the customer Salutation Select the salutations of customer from the drop down list provided The following options are available e Mr e Mrs e Miss e Dr Gender Select the gender of the customer from the drop down list provided The following options are available e Male e Female Date of Birth Specify the date of birth of the customer Mother Maiden Name Specify the mother maiden name Passport Number Specify the passport number of beneficial owner Passport Issue Date Specify the issue date of the passport 1 46 ORACLE Passport Expiry Date Specify the expiry date of the passport Marital Status Indicate the marital status of the customer here You m
120. tomer Category Gender Male Financial Currency Group Code Mobile Number Landline Number Email Fax Date of Birth Corporate Details Mothers Maiden Name _ Date Marital Status Married Capital Dependents Net Worth Passport Number Business Description Passport Issue Date Country Passport Expiry Date Documents Multiple Asset KYC Review Customer Dedupe Loan Dedupe Customer MIS Customer Account MIS Customer Account Fields Vehicle Evaluator Bureau Report s Prev Remarks Remarks Audit The verifier can choose to send the application back to the previous stage if the information provided is not adequate or choose to cancel it if the information captured is not satisfactory If the applicant application and document details are verified successfully the verifier can proceed with the processing of the application by selecting PROCEED as the Outcome The verifier can select RETURN to return the process to underwriting stage for data correction or CANCEL to terminate the process 1 115 ORACLE On successful completion a message stating that the task is successfully completed gets displayed The customer customer account collateral etc are created in the system on completion of the Document verification stage Step 9 Finance Application Details Upload In this final stage the finance and collateral are created Customer is also created if the applicant is anew custome
121. uirements of different customers in Application Category Maintenance screen The entire process of finance origination depends mainly on the category to which the application belongs 1 27 ORACLE You can invoke Application Category Maintenance screen by typing ORDCATMT in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button Application Category Maintenance Detail Save Hold Application Category Application Type Retail Category Description Rule Id Ratio Id Pricing Group o Product Details 10 Product Code Product Description Default y Offer Id No of Installments Units Frequency Rate Code Default Daily Date Time Mod No Checker Record Status Date Time Authorization Status You can specify the following details in this screen Application Category Specify a unique identification for the finance application category Category Description Specify a suitable description for the finance application category Rule Id Specify the credit rule to be associated with the application category or select the Rule Id from the option list provided Ratio Id Specify the credit ratio to be associated with the application category or select the Ratio Id from the option list provided
122. ulae to verify if overrides need to be generated dynamically in Override Maintenance screen You can invoke this screen by typing ORDOVDMT in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button Override Maintenance Save Hold Process Code Application Category B Type Retail Stage Description Sequence Number Condition Error Code Error Parameter Elements Index Functions Braces Operators Laninal Nnaratare Maker Date Time Checker Date Time Mod No Record Status Authorization Status You can specify the following details in this screen Process Code Specify the process code of the process for which you wish to maintain override conditions or select the process code from the option list provided Application Category Specify the category to which the finance application belongs or select the application category from the option list provided Type Select the type of the finance from the following options available 1 21 ORACLE e Retail e Corporate e e stisna e Mudarabah e Murabaha e Musharaka e Tawarooq Stage Select the stage of the finance origination process from the option list provided The various stages can be Application Entry Application Verification Underwriting Finance Approval etc Description
123. y Account Balance Specify the balance associated with the liability account Start Date Specify a start date for the liability or select the start date by clicking the Calendar icon 1 52 ORACLE End Date Specify an end date for the liability or select the end date by clicking the Calendar icon Asset Details Type Select the type of the asset from the following options available in the drop down list e Vehicle e Home e Others Asset Sub Type Specify the sub type associated with the asset Description Specify a suitable description for the asset type Asset Value Specify the value associated with the asset Vehicle You can specify the following details for the asset type Vehicle Make Specify the make of the vehicle Model Specify the model of the vehicle Manufacturing Year Specify the year of manufacture of the vehicle Body Specify the body details of the vehicle Reg Specify the registration number of the vehicle Home Address Line 1 3 Specify the address of customer s residence in the three Address lines provided 1 53 ORACLE Width Specify the width of the customer s residence Length Specify the length of the customer s residence Occupancy Specify the number of people who occupy of the customer s residence 1 16 8 Requested Tab The details related to the requested finance corresponding to the Lead Id selected are displayed in this
124. y screen to invoke Vehicle Asset screen Multiple Asset Application Number IslamicMurabahaAccount5537 Property Project Goods Build Materials Service Ijarah Equipment Asset Sequence Number 4 Vehicle Details Type NewAsset Vehicle Condition Asset Category Maker Code Description Year of Manufacturing Application Number Year Model Class Sub Model Color Engine Number No of Cylinders Chassis Number Registration Details Vendor Details Registration Type None x Vendor Code Registration Name Vendor Name Registration Emirate Agent Name Reg Agent Branch Registration Date Agent Sales Name Delivery Date Insurance Details Appraiser Details Insured By Bank Appraiser Name Insurance Company Appraiser Value Premium Amount Appraiser Date Amount Details Total Amount Details Currency Hamish Jiddayah Amount Requested Finance Amount Vehicle Value Amount Maintenance Cost Insurance Amount Financa mnunt 4 Here you can capture the following details 1 62 ORACLE Account Number The account number is defaulted from the Account Details Main screen Asset Sequence Number The system generates a sequence number for the asset and displays it here Status The status of the asset is displayed here The statuses available are Active and Settled During account initiation the status will be Active Once the prepayment of the asset begins the asset

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