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FV-IBODS (Islamic Banking Overdraft System)

Introduction
Developed under 3270 on-line CICS, the on-line system mainly provides functionality to input, maintain and inquire customers' information.  The system operates in MVS and VSE environment.  

 

The batch system mainly provides end-of-day processing requirements and reporting needed operationally, statutory and management reporting. 

 

Key Features

  • Online functions enable the users into input, maintain and inquire customers' information.

  • The batch system caters for end-of-business day processing such as;

    • Profit computation on upfront profit.

    • Daily profit accrued is interfaced to IBS for account debiting at month-end.

      • Multiply level of OD limit.

    • Administration fees.

      • Daily tracking of unutilized amount and computation of administration fee.

Online Features

  • Enable branches to input and maintain static and dynamic data that are not supported by the Integrated Banking System.

  • Provide branches to inquire on the dynamic and static information of the customers.

Batch Features

  • Computation of profit and administration fees.

  • Reporting includes daily operational, monthly, statutory and management.

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