Configuring System Options
To set up system options for all profit-sharing arrangements, navigate to the Configuration > System Options tab. Typically, there is one active System Options configuration listed. After making changes to System Options - the profit calculation process considers the latest modification in the System Options configuration.
- To create various system options, choose Create System Option.
- To modify existing options (excluding the Operating branch), click the Actions button, and then select Edit.
- To modify existing option for the Operating branch, choose Create System Option.
- To view existing options, click the Actions button, and then select View.
- To delete existing options, click the Actions button, and then select Delete.
System Options parameters
| Parameter | Description | Required |
|---|---|---|
| Effective date | The date when the change should be implemented. | YES |
| Operating branch | The branch list will be displayed and identifies the specific branch responsible for executing. Setting the branch does not directly impact the branches assigned to customer deposit accounts. | YES |
| Profit period end non-business day | Specifies treatment for the end of a profit period coinciding with a non-business day. | YES |
| Profit calculation balance | Identifies the specific account balance considered in profit-sharing calculations (Actual Balance, Average Balance, Minimum Balance). | YES |
| Deduct bank profit upfront | Indicates if the bank's profit portion is subtracted upfront in profit-sharing calculations. Note: Default selection is “No”, field cannot be changed in EA. | YES |
| Manual approval required | Specifies situations where manual approval by authorised personnel is required for the acceptance of calculated profit amounts. | YES |
| Manual profit application required | Highlights scenarios requiring manual intervention for the application of calculated profit amounts. | YES |
| IPS Accounts | Refers to the specific accounts managed or affected by IPS (GL accounts for Profit suspense and Reverse) | YES |