Close of Business

The Close of Business (COB) processes are used to update the previous, current, and next booking days. During this process, the Next Day becomes the Current Day and the Current Day becomes the Previous Day. Aura executes several batches in a logical and predefined sequence to complete functions like interest accrual, invoice generation, dormancy checks, etc.

The COB process in Aura has been orchestrated in such a way that there is no need for a system down time and that normal processing activities can go on uninterrupted 24/7. At the start of the COB process, the system date (booking date) changes and any subsequent transactions posted will be considered as the next day's transactions.

Process

The series of activities that occur when Close of Business (COB) process is triggered are given below, taking 11-Dec-2013 as an example:

1. System state -- BOD Complete

During the day on 11-Dec-2013, System state will be BOD Complete indicating that the Beginning of Day processes have been completed for 11-Dec-2013. The Booking Date will be 11-Dec-2013 and the Next Booking date will default to the Next calendar day, i.e., 12-Dec-2013. You can view this on Branches > Maintain > EOC Dates tab.

At the time specified in Admin > Branches > EOC Dates -- Next execution, COB is triggered in the system and below are the series of activities which take place during the EOC run.

2. System state -- EOD start

This system state indicates that the EOC process has been initiated.

3. Date Change

The first step in the COB process is change of Book Date. The date is changed from the current Booking Date to the Next Booking Date.

At this state, the system will start the End of Day processing. The System State and Booking Dates will be as follows:

4. EOD processes

During this, all batches that are scheduled to be executed as End-Of-Day batches are executed. Aura processes all the data considering the last booking date as the triggering date. The sequence in which the batches are processed depends on the business needs and functionality.

5. System state -- EOD Complete

This system state indicates that the EOD processes have been completed. The System State and Booking Dates will be as follows:

6. Notification

Aura initiates a Notification to the external system (DataMatrice) about the EOD process having been completed.

7. System state -- BOD start

This system state indicates that the BOD process has been initiated. The System State and Booking Dates will be as follows:

8. BOD processes

During this, all batches that are scheduled to be executed as Beginning-Of-Day batches are executed. Aura processes all the data considering the current booking date as the triggering date. The sequence in which the batches are processed depends on the business needs and functionality.

9. System state -- BOD complete

This system state indicates that the BOD process has been completed. The System State and Booking Dates will be as follows:

Note:

Each installation can have multiple Entities (many banks); and each Entity may have multiple Branches. It is possible to set a business date for every branch of an Entity in the system. The business date is taken into consideration for COB processing.
The same installation can have multiple entities & branches each with their own branch business dates and hence can run COB independently.

List of Processes

S. No.	MODULE	EVENT	DESCRIPTION	EOD / BOD
1	AC	ACACST	Current Account Status Movement	EOD
2	AC	ACDORM	Account Dormancy	EOD
3	AC	ACPAST	Payment status fee	EOD
4	PP	ACTFEE	Placement Instruction Activation Charge	EOD
5	AC	ADDFEE	Additional Charge	EOD
6	CC	ADDFEE	Additional charge fee	EOD
7	LN	ADDFEE	Additional charge	EOD
8	PP	ADDFEE	Additional charge	EOD
9	AC	ADHFEE	Adhoc charge fee	EOD
10	CC	ADHFEE	Adhoc charge fee	EOD
11	LN	ADHFEE	Adhoc charge fee	EOD
12	PP	AINVFE	Placement Instruction Auto-investment Charge	EOD
13	PP	AITBFE	PI Tenor Based Auto-investment Charge	EOD
14	AC	ALLFEE	Allocation fee	EOD
15	AC	AVGFEE	Average balance non-maintenance fee	EOD
16	AC	AWRTOF	Write off processing for CASA	EOD
17	LN	AWRTOF	Write off processing for loans	EOD
18	AC	BALFEE	Breach of minimum balance fee	EOD
19	CC	BALUPD	Card balance update	EOD
20	AC	BNCFEE	Breach of withdrawal conditions fee non cash	EOD
21	AC	BRCFEE	Breach of withdrawal conditions fee cash	EOD
22	GL	BUDUPD	Budget update	EOD
23	CC	CAACST	Account status fee	EOD
24	CC	CAACTV	Account activation	EOD
25	CC	CACLOS	Account closure	EOD
26	CC	CACOMM	Card Account Opening Commission	EOD
27	CC	CADORM	Account dormancy	EOD
28	CC	CAEOGD	End of grace day	EOD
29	CC	CAINPR	Insurance premium	EOD
30	LN	CAINPR	Insurance premium	EOD
31	CC	CAOPEN	Account opening	EOD
32	CC	CAPAST	Payment status fee	EOD
33	CC	CAREIN	Transaction account reinstate	EOD
34	CD	CDEXPY	Card expiry	EOD
35	LN	CHGAMR	Charge Amortization	EOD
36	CB	CHGBUN	Charge recovery for charge bundle process	EOD
37	CC	CHGCOL	Charge collection	EOD
38	AC	CHGWAV	Waive charge	EOD
39	CC	CHGWAV	Waive charge	EOD
40	GL	CLPROV	Collective impairment booking	EOD
41	GL	CLREBL	Collective impairment rebalancing	EOD
42	AC	DBTPRO	Debit processing	EOD
43	CC	DBTPRO	Debit processing	EOD
44	TD	DBTPRO	Debit processing	EOD
45	AC	DOUREC	Doubtful receivable processing for CASA	EOD
46	LN	DOUREC	Doubtful receivable processing for loans	EOD
47	CC	EARACT	Earmark activation	EOD
48	AC	EVNPOP	Event Population	EOD
49	CC	EVNPOP	Event Population	EOD
50	LN	EVNPOP	Event Population	EOD
51	TD	EVNPOP	Event Population	EOD
52	FX	FXACTV	FX Contract Activate	EOD
53	FX	FXAMND	FX Contract Amendment	EOD
54	FX	FXBOOK	FX Contract Book	EOD
55	FX	FXCANC	FX Contract Cancel	EOD
56	FX	FXREVB	FX Contract reverse - Buy Leg	EOD
57	FX	FXREVS	FX Contract reverse - Sell Leg	EOD
58	FX	FXRRVB	FX Contract Reverse Revaluation - Buy Leg	EOD
59	FX	FXRRVS	FX Contract Reverse Revaluation - Sell Leg	EOD
60	FX	FXRVLB	FX Contract Revaluation - Buy Leg	EOD
61	FX	FXRVLS	FX Contract Revaluation - Sell Leg	EOD
62	GL	GLREVL	GL Revaluation	EOD
63	GL	GLSUSP	Balance movement to suspense GL	EOD
64	AC	INACRP	Interest Accrual for payable	EOD
65	CC	INACRP	Interest accrual payable	EOD
66	TD	INACRP	Interest Accrual	EOD
67	AC	INACRR	Interest Accrual for Receivable	EOD
68	CC	INACRR	Interest accrual receivable	EOD
69	CC	INACTV	Insurance re-activation	EOD
70	LN	INACTV	Insurance re-activation	EOD
71	AC	INADJP	Interest adjustment for Payable	EOD
72	AC	INADJR	Interest Adjustment for Receivable	EOD
73	AC	INCAPP	Accrued interest capitalized for payable	EOD
74	CC	INCAPP	Accrued Interest Capitalized	EOD
75	AC	INCAPR	Accrued interest capitalized for receivable	EOD
76	CC	INCAPR	Accrued Interest Capitalized	EOD
77	CC	INEXPY	Insurance plan expiry	EOD
78	LN	INEXPY	Insurance plan expiry	EOD
79	PP	INGFEE	Interest Guarantee Fee	EOD
80	AC	INLIQP	Interest Liquidation for Payable	EOD
81	CC	INLIQP	Interest liquidation payable	EOD
82	TD	INLIQP	Interest Liquidation	EOD
83	AC	INLIQR	Interest Liquidation for Receivable	EOD
84	CC	INLIQR	Interest liquidation receivable	EOD
85	TD	INRVLQ	Interest liquidation reversal	EOD
86	TD	INRVPY	Interest Payable reversal	EOD
87	CC	INSUSP	Insurance suspension	EOD
88	LN	INSUSP	Insurance suspension	EOD
89	PP	INTBFE	PI Tenor Based Investment Charge	EOD
90	CC	INVFEE	Invoice fee	EOD
91	CC	INVGEN	Invoice Generation	EOD
92	PP	INVSFE	Placement Instruction Investment Charge	EOD
93	AC	INWAVP	Accrued interest waived for payable	EOD
94	CC	INWAVP	Accrued Interest Waived for Payable	EOD
95	AC	INWAVR	Accrued interest waived for receivable	EOD
96	CC	INWAVR	Accrued Interest Waived for Receivable	EOD
97	LM	LMAMND	Limit Amendment	EOD
98	LM	LMCACR	Limit Accrual	EOD
99	LM	LMCLIQ	Limit Liquidation	EOD
100	LM	LMCONT	Limit Contingent Entry	EOD
101	LM	LMDLNK	Limit DeLink	EOD
102	LM	LMEXPY	Limit Expiry	EOD
103	LM	LMLINK	Limit Link	EOD
104	LN	LNACCR	Loan Account Accrual (Interest/Penal)	EOD
105	LN	LNAMRT	Loan account advance interest accrual	EOD
106	LN	LNCLOS	Loan Account closure	EOD
107	LN	LNEOGD	Loan account end of grace day	EOD
108	LN	LNLIQD	Loan Account Liquidation	EOD
109	LN	LNPAYP	Loan Account Prepayment	EOD
110	LN	LNPAYS	Loan Account Schedule Repayment	EOD
111	LN	LNPYST	Loan Account Payment Status	EOD
112	LN	LNRATE	Interest Rate Revision	EOD
113	LN	LNRVDB	Loan Account Disbursement Reverse	EOD
114	LN	LNRVPP	Loan Account Prepayment Reverse	EOD
115	LN	LNRVPY	Loan Account Payment Reverse	EOD
116	LN	LNSCHG	Loan Account Schedule Generation	EOD
117	AC	MINBAL	Minimum balance	EOD
118	CC	NODORM	Reversing of dormancy	EOD
119	AC	NOPFEE	Non Operation Fee	EOD
120	CC	NOPFEE	Non operating fee	EOD
121	CC	NPDUPD	Next Payment date update	EOD
122	CC	OLMFEE	Over limit fee	EOD
123	AC	OPEFEE	Locker operation fee	EOD
124	CC	OVDFEE	Over Due Fee	EOD
125	AC	OVDLMT	Overdraft exceeds	EOD
126	PA	PAYMIN	Payment Initiation for Internal Transfers	EOD
127	CC	PDDUPD	Payment date update	EOD
128	PP	PIABLK	Placement Instruction Amount Block	EOD
129	PP	PIABUP	Placement Instruction Auto-Bid Update	EOD
130	PP	PIACTV	Placement Instruction Activation	EOD
131	PP	PIAICH	Placement Instruction Auto-Invest Charge	EOD
132	PP	PIDISB	Placement Instruction Disbursement	EOD
133	PP	PILINT	Placement Instruction Interest credit	EOD
134	PP	PIOPEN	Placement Instruction Opening	EOD
135	PP	PIPAYS	Placement Instruction Repayment	EOD
136	PP	PIPINT	Placement Instruction Interest debit portal account	EOD
137	PP	PIRDAC	Additional charges	EOD
138	PP	PIRDAD	Additional disbursement charge	EOD
139	PP	PIRDAH	Adhoc Charge	EOD
140	PP	PIRDAP	Appraisal charge	EOD
141	PP	PIRDBF	Broker fee	EOD
142	PP	PIRDCR	Credit report charge	EOD
143	PP	PIRDDC	Documentation charge	EOD
144	PP	PIRDIN	Installment fee	EOD
145	PP	PIRDLF	Lender fee	EOD
146	PP	PIRDLG	Legal Charge	EOD
147	PP	PIRDLI	Lender inspection charge	EOD
148	PP	PIRDLM	Loan management charge	EOD
149	PP	PIRDLT	Late payment fee	EOD
150	PP	PIRDNT	Notary charge	EOD
151	PP	PIRDPC	Processing fee	EOD
152	PP	PIRDPI	Penalty on Interest	EOD
153	PP	PIRDPP	Penalty on Principal	EOD
154	PP	PIRDPR	Prepayment charge	EOD
155	PP	PIRDSC	Service Charge	EOD
156	PP	PIRDST	Stamp charge	EOD
157	CC	PLNEXP	Payment plan expiry	EOD
158	CC	PLNFEE	Payment plan maintainence fee	EOD
159	GL	PNLTRF	GL YearEndProfitLoss Transfer	EOD
160	PP	PPCHAR	Peer to Peer Loan request charge	EOD
161	PP	PPCLOS	Peer to Peer Loan Request Closed	EOD
162	PP	PPCOMM	Peer to Peer Loan Request Committed	EOD
163	PP	PPEXPY	Peer to Peer Loan Request Expired	EOD
164	PP	PRGFEE	Principal Guarantee Fee	EOD
165	AC	PROCHG	pro rata charge	EOD
166	CC	PROCHG	pro rata charge	EOD
167	AC	PROVIS	Provision processing for CASA	EOD
168	LN	PROVIS	Provision processing for loans	EOD
169	CC	REMGEN	Reminder generation fee	EOD
170	LN	REMGEN	Loan Reminder Generation	EOD
171	AC	RNTFEE	Locker rent fee	EOD
172	CC	ROLFEE	Rollover fee	EOD
173	AC	SERFEE	Service Charge	EOD
174	CC	SERFEE	Service charge fee	EOD
175	PP	SERFEE	Service charge	EOD
176	AC	SERFEP	Service Charge Percentage	EOD
177	SI	SISWEP	Standing Instruction Sweep Out	EOD
178	AC	STAGEN	Statement Generation	EOD
179	CC	STAGEN	Statement generation fee	EOD
180	LN	STAGEN	Statement generation	EOD
181	TD	STAGEN	Statement Generation	EOD
182	AC	STPFEE	Stop payment cheque fee	EOD
183	SI	SWEPIN	Standing Instruction Sweep In	EOD
184	TD	TDRATE	TD Interest Rate Revision	EOD
185	TD	TDRVAC	Term deposit activation reversal	EOD
186	TD	TDRVCL	Term deposit closer reversal	EOD
187	TD	TDRVLQ	Term deposit premature withdrawal reversal	EOD
188	TD	TDRVMT	Term deposit maturity reversal	EOD
189	TD	TDRVRL	Term deposit roll over reversal	EOD
190	AC	TODEXP	Overdraft limit expiry	EOD
191	CC	TODEXP	Temporary overdraft expiry	EOD
192	AC	UODFEE	Unauthorized overdraft fee	EOD
193	CC	UODFEE	Unauthorized overdraft fee	EOD
194	AC	WOEXPY	Withdrawal order expiry	EOD
195	AC	WRITOF	Write off	EOD
196	CC	WRITOF	Write off	EOD
197	AC	AMTBLK	Creation of amount block	BOD
198	CC	AMTBLK	Creation of amount block	BOD
199	TD	AMTBLK	Creation of amount block	BOD
200	AC	AUTBON	Automatic reward redemption	BOD
201	CC	AUTBON	Automatic bonus redemption	BOD
202	AC	BLKREL	Release of amount block	BOD
203	CC	BLKREL	Release of amount block	BOD
204	TD	BLKREL	Release of amount block	BOD
205	CC	BONCOM	Bonus commission	BOD
206	CD	CDACTV	Card activation	BOD
207	CD	CDRISS	Card re-issued	BOD
208	CC	CHGGRP	Charge group application	BOD
209	PA	CHQCON	Contingent cheque entries	BOD
210	CC	EAREXP	Earmark expiry	BOD
211	FX	FXSETB	FX Contract Buy Settle	BOD
212	FX	FXSETS	FX Contract Sell Settle	BOD
213	CC	ININIT	Insurance initiation	BOD
214	LN	ININIT	Insurance initiation	BOD
215	CC	INTGRP	Interest group application	BOD
216	AC	INTPAY	Interest Payout	BOD
217	CC	INTPAY	Interest Payout	BOD
218	TD	INTPAY	Interest Payout	BOD
219	LM	LMACTV	Limit Activation	BOD
220	LM	LMCHRG	Limit Periodic Charge	BOD
221	LN	LNACST	Loan account status	BOD
222	LN	LNDISB	Loan Account Disbursement (Auto/Manual)	BOD
223	AC	LOYCOM	Account opening commission	BOD
224	CC	PLNACT	Payment plan activation	BOD
225	TD	REMGEN	TD Reminder generation	BOD
226	SI	SIACTV	Standing Instruction Activation	BOD
227	SI	SIEXEC	Standing Instruction Execution	BOD
228	SI	SISUSP	Standing Instruction Suspend	BOD
229	TD	TDACTV	Term Deposit Account Activation	BOD
230	TD	TDMATY	Term Deposit Maturity	BOD
231	TD	TDMPAY	Maturity payout	BOD
232	TD	TDROLL	Roll over	BOD
233	AC	WOACTV	Withdrawal order activation	BOD

Legend for Module Code:

AC Current Account
CB Charge Bundling
CC Credit Cards
CD Cards
FX Forex
GL General Ledger
LM Limits
LN Loans
PA Payments
PP Peer-to-Peer
SI Standing Instruction
TD Term Deposit