Custom Statement Cycle Change PS_CYCLECHG Application Statement Cycle Change

Transcription

1 Custom Statement Cycle Change PS_CYCLECHG Application Statement Cycle Change

2 Fiserv, Inc. or its affiliates. All rights reserved. This work is confidential and its use is strictly limited. Use is permitted only in accordance with the terms of the agreement under which it was furnished. Any other use, duplication, or dissemination without the prior written consent of Fiserv, Inc. or its affiliates is strictly prohibited. The information contained herein is subject to change without notice. Except as specified by the agreement under which the materials are furnished, Fiserv, Inc. and its affiliates do not accept any liabilities with respect to the information contained herein and is not responsible for any direct, indirect, special, consequential or exemplary damages resulting from the use of this information. No warranties, either express or implied, are granted or extended by this document. Fiserv is a registered trademark of Fiserv, Inc. Other brands and their products are trademarks or registered trademarks of their respective holders and should be noted as such. Page 2 of 18

3 Overview: The purpose of this application is to automate the review and possible adjustment of statement cycles of combined statement accounts, to ensure that the intended statement cycle frequency is achieved. This application will only evaluate accounts already linked for combined statements. The application will modify the cycle code of accounts that are currently linked when necessary, but will not link any accounts. This application evaluates all primary statement accounts (a primary statement account is defined as an account that has at least one linked secondary statement account), and evaluates the primary account s and all linked accounts statement cycle. If a linked account has a different statement cycle than the primary account, the application will evaluate the statement cycles of accounts combined (including the primary account and all linked secondary accounts), and update the primary account s cycle accordingly. The application will optionally update the secondary accounts cycle. The cycles to evaluate and other settings are based on a cross-reference table and parameter settings detailed later in this document. All primary statement accounts will be evaluated by this application, regardless of Product (Major and Minor). The institution will be able to define which products should be evaluated as linked accounts. If all linked accounts are closed (or not equal to a value entered in the run-time parameters detailed later in this document), the application will evaluate the cross reference table and the Primary Statement Account s Cycle History to see if the Primary Accounts Cycle needs to be set back to their original statement cycle frequency (or optionally be set back to the products default statement cycle). If the Linked Account Status Code Parameter detailed later in this document is left blank, primary accounts will not be set back to their original statement cycle frequency. Note that if an account is manually de-linked, and the Primary Account has no other linked accounts, this application will not evaluate it to determine if the Primary Account s statement cycle frequency should be re-set to its original value. Any such cycle changes will need to be made manually. This application does not modify Service Charge or Interest cycles. If the account has a future statement cycle defined, the cycle code will not be modified for the account and an exception will be reported in the Exception section of the report. Page 3 of 18

4 Examples: The following examples demonstrate how this application works. An institution has four monthly cycles, 1FRM, 2FRM, 3FRM and 4FRM; as well as four quarterly cycles, 1FRQ, 2FRQ, 3FRQ, 4FRQ. The institution s Cross Reference Table is set-up using the following settings. The longer frequency should be in the From Value column, and the shorter frequency should be in the To Value column (Quarterly Cycles would be set-up in the From Value Column and Monthly in the To Value Column). The same cycle code should not be entered in both the From Value and To Value columns at any time. If 2FRQ is entered in the From Value, it should not be entered in the To Value column (in the same record or in a different record). From Value 1FRQ 2FRQ 3FRQ 4FRQ To Value 1FRM 2FRM 3FRM 4FRM Example One (Monthly Statement Cycle Account Linked to Quarterly Statement Cycle Account): A customer/member has an Account 123 which cycles quarterly, via the 2FRQ cycle. Another account is opened and linked to Account 123, making Account 123 a Primary Statement Account. The new account Account 456 cycles monthly via the 4FRM cycle. The next time this application runs after account 456 is linked, the application will evaluate both accounts (based on the parameters defined later in this document), and check to see if Account 123 s current cycle is in the From Value column, and Account 456 s current cycle is in the To Value column. The application will then update Account 123 s cycle to the matching value from the cross reference table in this case updating it to 2FRM. Account 456 s cycle may also be updated to 2FRM, based on parameter settings. Example Two (Quarterly Statement Cycle Account Linked to Quarterly Statement Cycle Account): A customer/member has an Account 123 which cycles quarterly, via the 2FRQ cycle. Another account is opened and linked to Account 123, making Account 123 a Primary Statement Account. The new account Account 456 cycles quarterly via the 4FRQ cycle. Page 4 of 18

5 The next time this application runs after account 456 is linked, the application will evaluate both accounts (based on the parameters defined later In this document), and check to see if Account 123 s current cycle is in the From Value column, and Account 456 s current cycle is in the To Value column. Since both cycles are in the From Value Column, the application will not perform any updates. Account 456 s cycle will not be modified, unless the Force Linked Cycle Change parameter is set to Y, in which case linked Account 456 will have its cycle changed to 2FRQ, matching its Primary Statement Account 123. This same scenario would be true if an account that cycles monthly was linked to a statement account with a monthly cycle (or if both cycles are in the To Value column regardless of frequency). Example Three (Monthly Statement Cycle Account Closed - Statement Cycle was originally Quarterly): A customer/member has an Account 123 which cycles quarterly, via the 2FRQ cycle. Another account is opened and linked to Account 123, making Account 123 a Primary Statement Account. The new account Account 456 cycles monthly via the 4FRM cycle. The next time this application runs after account 456 is linked, the application will evaluate both accounts (based on the parameters defined later in this document), and check to see if Account 123 s current cycle is in the From Value column, and Account 456 s current cycle is in the To Value column. The application will then update Account 123 s cycle to the matching value from the cross reference table in this case updating it to 2FRM. Account 456 s cycle may also be updated to 2FRM, based on parameter values. Later, Account 456 is closed and Account 123 has no other linked accounts. The next time this application runs: If the Change Back to Default (8CBD) parameter is set to N the application will evaluate the Cycle Code of the primary account against the Cycle Codes found in the To Value column. If no match is found, nothing further is done. If a match is found in the To Value column for the primary account s current cycle, the application evaluates the account s cycle history, to check for a match for the From Value in the same row (in this case the application would look at 2FRQ, since the account s current cycle is 2FRM). Page 5 of 18

6 The application then validates that Account 123 at one time had a cycle code of 2FRQ. If the account had this cycle in the past, the application will change the account s cycle back to 2FRQ. If the account has never had a cycle code of 2FRQ associated with it, no changes will be made, and Account 123 will continue using cycle code 2FRM. When changing cycles back, the application will only check for a specific match based on the From Value and To Value columns in the same row. For example, if Account 123 had a previous cycle of 1FRQ, but no previous cycle of 2FRQ, the account s cycle would not be modified and would remain as 2FRM. If the Change Back to Default (8CBD) parameter is set to Y the application will change Account 123 s cycle to the default cycle of the product, ignoring the cross-reference table and the account s cycle history. Example Four (Quarterly Statement Cycle Account Loan is linked): A customer/member has an Account 123 which cycles quarterly, via the 2FRQ cycle. A loan is opened and linked to Account 123, making Account 123 a Primary Statement Account. The next time this application runs after account 456 is linked, the application will evaluate both accounts (based on the parameters defined later in this document), and check to see if Account 123 s current cycle is in the From Value column, and Account 456 is a loan. If Account 123 s current cycle is in the From Value column and Account 456 is a loan, the application will update Account 123 s cycle to the cycle listed in the To Value column in the same row, so Account 123 s cycle will be updated to 2FRM. If Account 456 is later closed, and Account 123 has no other linked accounts, the next time this application runs Account 123 s cycle will be changed back to 2FRQ, following the same logic detailed in Example Three above. Example Five (Monthly Statement Cycle Account Loan is linked): A customer/member has an Account 123 which cycles monthly, via the 2FRM cycle. A loan is opened and linked to Account 123, making Account 123 a Primary Statement Account. The next time this application runs after account 456 is linked, the application will evaluate both accounts (based on the parameters defined later in this document), and check to see if Account 123 s current cycle is in the From Value column, and Account 456 is a loan. Account 123 s current cycle is not found in the From Value column, so no modifications will be made and Account 123 will continue to use the 2FRM cycle. Page 6 of 18

7 Run-time Parameters: The application uses the following run-time parameters: Parameter(s) Paramete r Code Definition Report Only Flag RPT When the application is run with Report Only set to Yes, no statement cycles will be modified. When Report Only is set to No, all applicable statement cycles will be updated. If left blank, no updates will be preformed. Change Linked Cycle 8CLC When this is set to Yes, the cycle code will be updated on all linked deposit accounts, to match the Primary Statement Account s updated cycle. If the Primary Statement Account s cycle is modified from 1FRQ to 1FRM, and this parameter is set to Yes, all linked accounts Statement Cycle will be changed to 1FRM. The linked accounts will retain their original Image YN, Truncate YN and Delivery Method values, even if the cycle code is modified. If the Primary Account s cycle is not updated by this application, the linked accounts will not be updated, even if they do not match the Primary Account. When this is set to No, linked accounts will not be updated. If left blank, this parameter defaults to No. Page 7 of 18

8 Parameter(s) Major Account Type Code Minor Account Type Code Current Account Status Code Paramete r Code MJCD MICD CASC Definition Only Accounts where the Major Account Type Code equals a Major Code included in the parameter will be evaluated as linked accounts by this application. If left blank, all accounts will be evaluated, regardless of Major. This parameter is not applicable to Primary Statement Accounts. Please see detailed examples below for further explanation. Only Accounts where the Current Minor Account Type Code equals a Minor Code included in the parameter will be evaluated as linked accounts by this application. If left blank, all accounts will be evaluated, regardless of Minor. This parameter is not applicable to Primary Statement Accounts. Please see detailed examples below for further explanation. Only Primary Statement Accounts where the Current Account Status Code equals a Status Code included in this parameter will be evaluated by this application. If left blank, all accounts will be evaluated, regardless of status. Page 8 of 18

9 Parameter(s) Linked Account Status Code Change Cycle Immediate Change Cycle Back Immediate Paramete r Code 8CAS 8IMD 8BIM Definition Only linked accounts where the Current Account Status Code equals a Status Code included in the parameter will be evaluated as active linked accounts by this application. If left blank, all linked accounts will be evaluated as active, regardless of status, and the primary account s cycle may be modified based on a closed linked account. Primary Statement Account will be evaluated to change back to a previous cycle (scenario detailed in Example Three above), if the account currently has linked accounts, and none of the linked accounts have a status included in this parameter. If this parameter is left blank, no Primary Statement Accounts will be changed back to their original cycle frequency. Please see detailed examples below for further explanation. When this parameter is set to yes, all cycle changes, excluding cycles changed back, will take effect immediately. When this parameter is set to no, all cycle changes, excluding cycles changed back, will take effect after the current cycle completes. If left blank, defaults to Yes. When this parameter is set to yes, all cycles changed by the Change Back function will take effect immediately. When this is set to no, all cycles changed by the Change Back function will take effect after the current cycle completes. If left blank, defaults to the setting of Change Cycle Immediate (8IMD) Page 9 of 18

10 Parameter(s) Change Back to Original Cycle Use Default Cycle Codes Paramete r Code 8BOC 8DCC Definition If this parameter is set to Yes, the Change Back functionality will be enabled. If it s set to No, the Change Back functionality will not be enabled, and no primary accounts will be evaluated to see if they should be reverted to their original cycle, regardless of whether the Linked Account Status Code parameter is left blank. If left blank, defaults to No. If this parameter is set to Yes, the application will evaluate the linked accounts based on their product s default statement cycle, regardless of the current cycle. If this is left blank, or set to No, the application will use the linked accounts current cycle for its evaluation. For example, if set to Yes, and a Monthly Checking Account is linked to a Quarterly Savings Account, the account will be designated as monthly, and the statement account cycle will be updated, based on the Checking Account Product s default statement cycle existence in the cross reference table. If set to No, and a Monthly Checking Account is linked to a Quarterly Savings Account, the account will be designated as monthly, and the statement account cycle will be updated, based on the Checking Account s current statement cycle existence in the cross reference table. If the Checking Account s Cycle is changed to a non-monthly cycle, prior to running this application, the application may not select or modify the Savings Account Cycle. Page 10 of 18

11 Parameter(s) Paramete r Code Definition Change Back to Default 8CBD When this parameter is set to Y, accounts that should have their statement cycles changed back will have their statement cycles changed back to their current products default statement cycle, ignoring statement cycle history and the external entity cross reference table used during the standard change back process. When this parameter is set to N (default) the statement cycle will be selected using the standard logic using the statement cycle history and the external entity cross reference table. Warning! If this parameter is set to Y any account that meets the change back requirements will have its statement cycle changed back to its default cycle. In effect, eliminating the ability to manually set the statement cycles on these account to anything other than their products default statement cycle. This parameter is only used when Change Back to Original Cycle (8BOC) parameter is set to Y. Include Loan Accounts INLA If this parameter is set to Yes (default), the application will consider loan accounts as accounts that require monthly statements, thereby evaluating their primary statement account as an account that should have monthly statements. If this parameter is set to No, the application will ignore loans that are linked to primary statement accounts, preventing the loan accounts from causing the primary statement accounts to be switched to monthly. Page 11 of 18

12 Parameter(s) Paramete r Code Definition Loan Minors To Include 8LMI If the INLA parameter is set to Yes, this parameter can be used to specify the loan minors that should cause their statement accounts to switch to monthly statements. Force Linked Cycle Change 8FLC If this parameter is left blank, all statement accounts that have a loan will be switched to monthly. When this parameter is set to Yes the statement cycles of linked accounts will be updated to match their statement account s statement cycle even if the statement accounts statement cycle is not changed. Record Activity Y/N 8RA This parameter controls if the changes made by this application are recorded in the DNA activity tables. When set to Y the activity will be recorded with Joe Banker (person number 1). When set to N the activity will not be recorded. The default is N. *Note Cycle Type Parameter is no longer used by this application. Parameter Examples: Major Account Type Code Parameter: If the Major Account Type Code Parameter is set to CK,SAV,CNS and a Primary Statement Account s Major Account Type Code is TD, the application will still evaluate this account as a Primary Statement Account, since Major Account Type Code does not define Primary Statement Account selection. If the Major Account Type Code Parameter is set to CK,SAV,CNS and a Primary Account has one linked account with a Major of TD, the application will not attempt to update this account, since it does not have any linked accounts with a major of CK, SAV, or CNS. If the Major Account Type Code Parameter is set to CK,SAV,CNS and a Primary Account has one linked account with a Major of TD, and one linked account with a Major of SAV the application will consider this to be a Primary Account for further review and possible update, but will only evaluate the SAV account s cycle when determining if the Primary Account s cycle should be updated. If Change Secondary Cycle YN is set to Yes, the application will only change the cycle for the SAV account, and will not modify the TD account s statement cycle. Page 12 of 18

13 If the Major Account Type Code Parameter is set to CK,SAV,CNS and a Primary Account has one linked account with a Major of MTG, the application will not attempt to update this account, since it does not have any linked accounts with a major of CK, SAV, or CNS. If the Major Account Type Code Parameter is set to CK,SAV,CNS and a Primary Account has one linked account with a Major of TD, and one linked account with a Major of CNS the application will consider this to be a Primary Account, but will only evaluate the loan and compare the From Value/To Value of the Primary Statement Account s current cycle, when determining if the cycle should be updated (as described in Examples Four and Five above). If Change Secondary Cycle YN is set to Yes, the application will not modify the TD account s statement cycle. Minor Account Type Code Parameter: Minor Account Type Code Parameter mirrors the logic described for Majors. Linked Account Status Code Parameter: If the Linked Account Status Code Parameter is set to ACT,IACT,DORM, and a Primary Account has three linked accounts, and one has a status of ACT, one has a status of DORM and one has a status of CLS, only the ACT and DORM accounts will be evaluated when determining if the cycle should be updated. If Change Secondary Cycle YN is set to Yes, the application will only change the cycle for the ACT and DORM accounts, and will not update the CLS account. If the Linked Account Status Code Parameter is set to ACT,IACT,DORM, and a Primary Account has one linked account with a status of CLS, the Primary Statement Account will be evaluated and changed back to a previous cycle if necessary (scenario detailed in Example Three above). If the Linked Account Status Code Parameter is left blank, and a Primary Account has a quarterly statement cycle, and has a closed linked account with a monthly statement cycle, the application will modify the primary account s statement frequency, and change it to monthly. Please be aware, if these parameter settings are modified often, the result may be that accounts are changed and then changed back numerous times. Page 13 of 18

14 Output: The following information will be reported for all accounts where the cycle code was changed (this includes Primary Accounts, Secondary Accounts and Primary Accounts Changed Back): Primary Statement Account Number Primary Statement Account Number Original Cycle Code Primary Statement Account Number Updated Cycle Code o Linked Account Number o Linked Account Original Cycle Code o Linked Account Updated Cycle Code Setup Instructions: 1. Copy PS_CYCLECHG.SQT to the directory referenced by the PS Batch Report Directory (Code = BATP) Institution Option. This is usually G:\OSI\BANK\BAT_EXE\PS. 2. Run the SQL script to register the application and set-up the run-time parameters. 3. Using the Manage > Application function in the System Operations utility, enter the supplied Authorization Key for this application. 4. Review the documentation. Page 14 of 18

15 Setting Up The Cross Reference Table: In the System Module: Select System Tables from the main menu Select C-G Tables Select External Interface CrossReference Page 15 of 18

16 Select Custom Cycle Change as the External Interface Select Custom Cycle Change as the Interface Variable. Select Create, Edit or Delete to add, modify or delete items. Page 16 of 18

17 The longer frequency should be in the From Value column, and the shorter frequency should be in the To Value column (Quarterly Cycles would be set-up in the From Value Column and Monthly in the To Value Column). The same cycle code should not be entered in both the From Value and To Value columns at any time. If 2FRQ is entered in the From Value, it may not be entered in the To Value column (in the same record or in a different record). Page 17 of 18

18 Press the Process button to save the record with Processing action Clear. Revisions Date Note 2/1/2011 Added check to the change back function to stop printing accounts where no change back occurred when using the default cycle change back parameter. 12/21/2010 Added 8BIM and 8CBD parameters. 10/13/2010 Added activity updates. 4/28/2010 Added 8FLC parameter. 4/1/2010 Modified cycle change for same day changes to mimic core behavior. 10/27/2008 Added 8LMI parameter. 9/9/2008 Added INLA parameter. 8/4/2008 Fixed issue with 8DCC parameter. 5/21/2008 Added 8DCC parameter. 7/24/2007 Fixed issue with 8BOC parameter. 3/1/2007 Updated to include Delivery Method Code when changing cycles. 2/12/2007 Added 8BOC parameter. 2/5/2007 Initial Version utilizing the Cross-Reference Table. Page 18 of 18