Forced Account Closure

  • lion.of.arabia
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12 years 10 months ago #8946 by lion.of.arabia
Forced Account Closure was created by lion.of.arabia
Hi All,

I would like to know if it is possible to force an account closure, EVEN if the account has pending entries (forward) entries.

I need to write a routine to force an account to close.

Can anyone help?
I am using R06.
TIA!

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12 years 10 months ago #8958 by AMMAR.FAIDI
Replied by AMMAR.FAIDI on topic Re: Forced Account Closure
how can you close an account this pending entries
B.R

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12 years 10 months ago #8967 by lion.of.arabia
Replied by lion.of.arabia on topic Re: Forced Account Closure
That's my question too :)

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12 years 8 months ago #9316 by c.santul
Replied by c.santul on topic Re: Forced Account Closure
Well what you are asking for is a Complete Local Development. Here is what you can do:

If the user is okay with manual process:

1. List the FWD movement on the account by using ENQ NOSTRO.FWD.BAL and ask user to reverse / close all the relevant contracts.
2. Once reversed create the ACCOUNT.CLOSURE record with Posting restrict as 90 and ONLINE.CLOSURE as Y

If the user is not okay with manual process:

1. Create a new Local Template and ask user to input the Account ID as @ID in the template, once the @ID is input populate the FWD entries in the Template by using the ENQ NOSTRO.FWD.BAL and also populate the contract details with flag to reverse / preclose the respective contracts.

2. Once the Template record is authorised create OFS Post messages to reverse / preclose the required contracts.

3. Update the status of the reversal / preclosure of the Contract back to the Local Template created, and once all the contract are reversed / preclosed mark a flag on the template as "Ready for Closure"

4. Create a service to select all the records with the flag as "Ready for Closure" and post the OFS post messages for ACCOUNT.CLOSURE (and suggest to keep this service on Auto & TSA on Phantom mode), and once the record is processed update the template record as 'Closed'.
The following user(s) said Thank You: lion.of.arabia

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12 years 2 weeks ago #11928 by lion.of.arabia
Replied by lion.of.arabia on topic Re: Forced Account Closure
That sounds like a good idea.
I will look into this.
THANKS!

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