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Account
AA products which are account based, use the Account Property Class to create the associated account record for an
arrangement of the product.

This Property Class manages the descriptive and classification details of an arrangement and is used to create and
maintain the account record that is related to the arrangement.

Although account names are account specific, the user can also default the generic titles from the product and
replace or give additional details at the arrangement level.

Product Lines

Feedback
The following Product Lines use the Account Property Class:

Accounts
Agent
Asset Finance
Deposits
External Accounts
Facility
Insurance External Product
Lending
Rewards
Safe Deposit Box

Property Class Type

The Account Property Class uses the following Property Types:

Dated
Enable External
Enable External Financial
Enabled For Memo
Variations Supported

All attributes in the Account Property are stored at the arrangement level and do not track the underlying product.
Property type
Creation of Temenos Transact Account

When the user creates a financial arrangement, the system generates a Temenos Transact account record. The
account record generated is allocated a standard Temenos Transact account number according to the rules
defined in the COMPANY application.
The ACCOUNT application needs to be configured to generate IDs automatically, for the arrangement module to
generate an account record.
The Account record is built by mapping the relevant fields from the DEPT.ACCT.OFFICER, CUSTOMER, ACCOUNT
and LIMIT properties of the arrangement into the layout of the account record.
The Account record created cannot be modified directly using the ACCOUNT application, instead the associated
properties have to be modified using the appropriate maintenance activities from
AA.ARRANGEMENT.ACTIVITY. The Account record holds the arrangement number in the Arrangement ID
field.
The difference between the arrangement account records and Temenos Transact accounts are as follows:
- There is no CONDITION.GROUP allocated.
- The Interest and Charges module does not apply to these accounts.

Using the Arrangement Account in Other Temenos Transact Applications

In order to pay funds into or withdraw funds from an arrangement, any existing Temenos Transact application
that allows an account to be defined, can be used, for example FUNDS.TRANSFER or TELLER.
In the application, the user can specify the account number, mnemonic, any alternate account ID linked or the
arrangement number, when the arrangement is in the same company as the transaction. To use the arrangement
account in an application, in a different financial company to the arrangement, the actual account number is
the only option allowed.
The Alternate Acc IDs field is set to Y in ACCOUNT.PARAMETER to specify the arrangement number or an
Alternate Account Number.
The FUNDS.TRANSFER application can be used to drawdown and commit or deposit funds to an arrangement.
The Debit.Acct.No and Credit.Acct.No are used to debit or credit the account record associated to
AA.ARRANGEMENT respectively.

Balance Prefix and Suffix

Account Property Class holds the below Balance Prefix:

Lending - Current, Due, Aged, Unspecified, Unallocated Debit, Available

Deposits - Current, Due, Aged, Unspecified, Unallocated Debit, Expected, Payable
Accounts - Current, Unspecified, Unallocated Debit
Agent - Unspecified
 Asset Finance - Current, Due, Aged, Unspecified, Advance Payment, Residual
Safe Deposit Box - Current, Unspecified, Expected, Unallocated Debit
External Financial - Current, External

 Related Balances

 Attributes

Periodic Attribute Classes

Full Deposit - Periodic rule to control the deposit of full commitment amount.

Actions
The Account Property Class supports the following actions:

Action Name Description

ACTIVATE Used to activate an asset finance contract

ADJUST.BILL Used to adjust the account balance in a bill.

ADVANCE.REPAY Used when balances are paid in advance.

AGE.BILLS Used to age the Account balances that are overdue

ALLOCATE Used for Balance Update in Account

AUTO.CLOSE Used to auto close dormant account

AUTO.CLOSE.VALIDATE Used to validate the account to be closed

BALANCE.MOVEMENT Used during migration from AC to AR Account for Account balance movements.

BALANCE.TRANSFORM Used to raise entries for CUR<ACCOUNT> to AASUSPENSE

CANCEL.ADVANCE Used for moving the advance payment to UNC

CANCEL.DEPOSIT Used during cancellation of a deposit arrangement

CANCEL.LENDING Used during cancellation of a loan arrangement

CAPTURE.BILL Captures the Account details of the bills to be generated for the Lending, Deposits,
Savings and Accounts product lines.
Action Name Description

CHANGE Used to update changes in the Account condition

CHARGEOFF Used to chargeoff the balances

CHECK.CANCEL Used to check for cancel period while funding or disbursing in an arrangement

CHECK.MEMO Used to check memo account

CLOSURE.VALIDATE Used to check the closure validations

CR.MOVEMENT Applies the credits to the arrangement Account Product Line for the current account
balance.

CREATE.INVOICE.BALANCE Used to Create invoice balance based on working balance

CREATE.INVOICE.BILL Used to Issue bill for invoice balance

CREATE.RESIDUAL Used during creation of the residual amount of amortisation

CREDIT Applies the unallocated amount from a credit to the[GPD1] arrangement , to the
unallocated credit balance of the arrangement.

CREDITPRENOTE Used when during Credit action when Temenos Transact is either shadow or DDA

DATA.CAPTURE Used during data capture from legacy account to AR Account

DEBIT Applies the unallocated amount from a debit to the arrangement to the unallocated
debit balance of the arrangement.

DELINK Used in Balance Netting to delink an account

DEPOSIT Used during Deposit in Account

DISBURSE Used when a loan is disbursed. The action results in the current balance of the
account property being debited.

DR.MOVEMENT Applies the debits to the arrangement Account Product Line for the current account
balance.

EXPIRE.BILL Used in Expire Bill Action for Account Property Class

Action Name Description

FORCE.CLOSE Used to clear external balances and force close an arrangement

FORCE.SUSP.TRANSFORM Used in Suspense for all forms of interest and charges in payment schedule

FORCECREDIT Used in Force Credit action of external DDA

FORCEDEBIT Used in Force Debit action of external DDA

FUTURECREDIT Used in future dated Force Credit action of external DDA

FUTUREDEBIT Used in future dated Force Debit action of external DDA

ISSUE.CLOSURE.BILL Used to issue closure bill for an arrangement

MAINTAIN Used whenever one of the properties linked to the Temenos Transact ACCOUNT
record (CUSTOMER, DEPT.ACCT.OFFICER, LIMIT, ACCOUNT) is modified. The action
does not generate any accounting movement but updates the related Temenos
Transact ACCOUNT record to reflect the values for the arrangement property. This
results in the creation of a Temenos Transact arrangement account when the New-
Arrangement activity is processed. A scheduled MAINTAIN account activity LENDING-
MAINTAIN-ACCOUNT is raised for the future effective date, that is processed in the
Start of Day of the effective date. The MAINTAIN activity updates the ACCOUNT
record with the future dated changes.

MAKE.DUE Applies the amount of principal due to be repaid to the DUE account property
balance and reduces the current account property by the amount to be made due.
The amount to be made due is determined from the associated bill that is being
made due.

MOVE.BALANCE Used as a routine to move the PAY account balance to an internal account

OFFSET.INVOICE.BALANCE Used to Offset the invoice balance based on capitalise amount

PAY Used in Payout action for Accounts

RECEIVE Used in to Receive funds in an Account

REDEEM Used when an arrangement is matured and balances are to be redeemed to

customer.
 Action Name Description

REPAY Allocates an amount of principal to be repaid to the appropriate account balance.

Depending on the PAYMENT.RULE applied, the repayment is made against billed or
current amounts.Processing determines the amount and balance to be credited based
on the PAYMENT.RULE definition and can result in credit being applied to the CUR,
DUE or AGED balances of the account property.

REPOSSESS.ASSET Used while returning the Asset for repossession

RESERVEFUNDS Used for Debit action when Temenos Transact is either shadow or DDA

RESIDUAL Used to allocate Residual funds in an amortisation schedule.

RESTRUCTURE Used in Balance Netting to restructure an arrangement.

SETTLE.SUSP Used when suspended balances are settled

TRANSFORM Used to raise entries for AASUSPENSE to CUR<ACCOUNT>INF

UPDATE Used to apply the changes to the Account property attributes and does not result in
any accounting updates.

UPDATE.APR Used to update the Annual Percentage Rate (in APR calculation) – that is the
Apr Type and Apr Rate fields in the Account condition for account arrangements. In
loans and deposits, this activity updates the APR only for non-cashflow type of
activity classes (that is, activity classes with Activity Type not set to Cashflow).

Accounting Events
The following actions generate accounting events as defined in Accounting field.

ACTIVATE
CANCEL.ADVANCE
CREDIT
CR.MOVEMENT
DEBIT
DR.MOVEMENT
DISBURSE
MAINTAIN
MAKE.DUE
REPAY
CAPTURE.BILL
ADJUST.BILL
REPOSSESS.ASSET
RESIDUAL
AGE BILLS