× Discuss on Arrangement Architecture (AA), AA Core, Lending, Deposits, Accounts, Proxy services, Internet Services, etc…

AA Deposit Closure

More
4 years 3 months ago #22952 by BW
AA Deposit Closure was created by BW
Hi there,

Closure condition is set up with Closure Period as 1D. We trigger a closure today, arrangement status changes to "Pending Closure." When the COB runs it correctly changes to "Closed," which matches my set up/

However, the related ACCOUNT record for the Arrangement is taking 3 COBs to update its status to CLOSED. Does anyone know how to fix this?

Thanks,

Please Log in or Create an account to join the conversation.

  • VK
  • VK's Avatar
  • Offline
  • Platinum Member
  • Platinum Member
  • Globus:G9-G13|TAFC:R05-R23|TAFJ:R19,R23,R24:test
More
4 years 3 months ago #22953 by VK
Replied by VK on topic AA Deposit Closure
Hi
don't know for AA but regular accounts are closed after no less than 2 COBs - one to see if there's pending accruals and another to capitalize them, move elsewhere and close account. Capitalization goes before accruals so it can't be done in one go.

Cheers
VK
The following user(s) said Thank You: BW

Please Log in or Create an account to join the conversation.

More
4 years 3 months ago #22954 by BW
Replied by BW on topic AA Deposit Closure
HI VK,

This makes sense and clarifies the situation for me. The third COB in my scenario relates to the AA product condition.

Thank you
BW

Please Log in or Create an account to join the conversation.

Time to create page: 0.076 seconds