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Funds Transfer

About

  • The Funds Transfer (FT) Module of Oracle FLEXCUBE is a front office system that handles the processing of the transfer of funds (local and foreign) between Financial Institutions. Financial institutions or banks can initiate these transfers for themselves, or on behalf of their customers.

 

  • The FT Module is a comprehensive transaction handling and management system, which integrates with the overall system for settlement of payments, charges, commissions and MIS. The system handles all the necessary activities during the life of a contract, once it is booked. All the relevant account balances will be updated when Transfers are processed.

 

  • Exchange rate conversions are automatically effected in cases of Cross-currency Transfers based on the rate and method of conversion that you define. The essence of a funds transfer (i.e., transfer of money and the generation of messages) is handled comprehensively by this module. 

Learning Objectives

  • Play front office role to perform funds transfer  using Flexcube UBS

 

  • Appreciate the key concepts involved in a funds transfer transaction such as charge rule creation and maintenance

 

  • Interpret the nuances involved in the entire funds transfer transaction and the reversal of a transaction

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