API Console

Swagger | Microservice

Executive Summary

This service domain maintains details of the legal entity structure of the party including dependents and associations for individuals and ownership/subsidiary structures for corporations. Some financial indicators and product coverage/activity details can be included where this defines the nature of the legal entity relationship in particular for corporate entities

Examples of Use

Party legal entity details are checked for the financial booking of a major loan

Role Definition

Maintain the legal entity structure including ownership, subsidiaries and partnership details

Related Business Scenarios

EXT Handle Request to Open Virtual Account
EXT Handle Request to Change Corporate Current Account Ownership
Handle Request for Issuance of Commercial Paper
Handle Request for Corporate Loan
Perform Customer Due Diligence Assessment
EXT Handle Request to Change Virtual Account Ownership
Verify Corporate Customer
Perform Regulatory KYC Analysis
Handle Request to Establish Term Deposit Agreement
Conduct Corporate Loan Collateral Due Diligence
Handle Request to Open Corporate Current Account
Handle Request for Corporate Sweep Agreement
Handle Request for Corporate Sweep Agreement Considering Inter-Company Loan Agreements

Core Business Object

Legal Entry Directory

Key Features

  • Maintain legal entity reference details for bank customers
  • Track/update legal entity details based on market research and reports
  • Process legal entity detail updates from customers/bank sources
  • Confirm/provide legal entity details for transaction processing tasks