API Console

Swagger | Microservice

Executive Summary

This service domain orchestrates a corporate checking/demand deposit account. The typical range of services and fees covers payments and deposits, standing orders, sweeps, liens, check and debit card access.

Examples of Use

A corporate customer established a corporate current account with the bank and requests a series of services (e.g., request printed statements, initiate a transfer, set up a standing order)

Role Definition

The Corporate Current Account is a financial facility that represents the general checking account facility at the core of corporate banking activity. There is a range of supporting features that make up the standard facility (checks/cheques, standing orders, debit cards, phone and on-line banking services etc.). The fulfillment can include a range of optional services, fees and interest payments and penalties and will often be bundled and or underlie/support other financial facilities and financial transactions 

Related Business Scenarios

Process Cancellation of Debit Card Service of Corporate Current Account to be Closed
Process Invocation of Cash Management Service
EXT Handle Request to Establish Credit Transfer Standing Order on Corporate Current Account
Process Incoming Direct Debit Instruction at Debtor Bank
Handle Request to Reactivate Dormant Corporate Current Account
Handle Request to Terminate Sweep Agreement
Handle Request for Corporate Debit Cards Service
Cancel Standing Orders of Corporate Current Account to Be Closed
EXT Handle Request for Preferential Rates for Corporate Current Account
EXT Handle Request for Early Renewal of Term Deposit
Handle Request for Notional Pooling Agreement
EXT Record Core SEPA Direct Debit Mandate at Creditor Bank
EXT Handle Request to Add Signatory to Corporate Current Account
Process Salary Payments for Internal Accounts
EXT Process B2B Direct Debit Mandate Notice from Creditor Bank at Debtor Bank
Handle Request to Use Direct Debits as Payment Instrument
Process Request for Refund of Outgoing Direct Debit at Creditor Bank
EXT Handle Request to Change Corporate Current Account Ownership
Process Outgoing Direct Debit Instruction at Creditor Bank
Process Cash Management Payments
EXT Handle Request to Change Term Deposit Attached Corporate Current Account
Process Request for Amount Block
EXT Handle Request to Close Virtual Account
EXT Handle Request for High Volume Account Opening
Process Payment of Outgoing Direct Debit at Creditor Bank
EXT Handle Request for Combined Account Statement
Handle Request to Close Corporate Current Account
EXT Handle Request to Open Corporate Current Account
EXT Handle Request to Reactivate Dormant Corporate Current Account
Handle Request for Combined Account Statement
Handle Request to Open Term Deposit under Term Deposit Agreement for Corporate Customer
EXT Handle Request to Change Virtual Account Ownership
Handle Request to Add Account to Sweep Agreement
Process B2B Direct Debit Mandate Notice from Creditor bank at Debtor Bank
EXT Handle Request to Move Overdraft Limit between Virtual Accounts
EXT Handle Request to Use Direct Debits as Payment Instrument
Process Bank Internal Instruction to Block Corporate Current Account
Process End of Daily Booking Window for Account Dormancy
EXT Handle Request to Add Account to Sweep Agreement
EXT Handle Instruction to Terminate B2B Direct Debits Service at Creditor Bank
Handle Request to Add Related Party to Corporate Current Account
Record Credit Booking
Process Incoming Credit Transfer at Creditor Bank towards Outgoing Request for Payment
Handle Incoming FCY Credit Transfer for LCY Account
Process Internal Direct Debit Instruction
EXT Handle Request for Overdraft Limit on Virtual Account
Handle Request for Early Closing of Term Deposit
Handle Request for Internal Credit Transfer between Corporate Current Accounts
EXT Handle Request to Pre-Open Corporate Current Account
Disburse Corporate Loan
Handle Request to Change Term Deposit Attached Corporate Current Account
EXT Handle Request to Open Term Deposit under Term Deposit Agreement for Corporate Customer
Handle Request for Internal Credit Transfer Requiring Second Line Authorisation
Process Interest Booking by Accounting
Handle Request for Early Renewal of Term Deposit
Handle Request to Establish Credit Transfer Standing Order on Corporate Current Account
Process Salary Payments for External Accounts
Handle Request to Cancel Credit Transfer Standing Order on Corporate Current Account
EXT Handle request for Corporate Debit Cards Service
Handle Request to Open Corporate Current Account
EXT Handle Request for Early Closing of Term Deposit
Handle Instruction to Terminate B2B Direct Debits Service at Creditor Bank
Handle Request for Payment at Creditor Bank for External Account
Handle Request for Refund of Internal Direct Debit
Process Interest Settlement
EXT Handle Request to Close Corporate Current Account
Handle Request for Refund of Incoming Direct Debit at Debtor Bank
Handle Request for Corporate Sweep Agreement
Process Clearing Error for Outgoing Credit Transfer
Handle Request for Preferential Rates for Corporate Current Account
Handle Request for Corporate Sweep Agreement Considering Inter-Company Loan Agreements
Process Rejection Message for Outgoing Direct Debit at Creditor Bank
Determine Dynamically Calculated Available Balance
EXT Handle Request to Terminate Sweep Agreement
Process Opening of Loan Servicing Account
Record Debit Booking
Process Notification to Remove Amount Block

Core Business Object

Current Account Agreement

Key Features

  • Set-up corporate current account facilities
  • Issue cards, check-books for an account
  • Process deposits and withdrawals
  • Handle standing orders and direct debits
  • Process fees and apply interest charges
  • Provide balance/statements and reports