Lender Deposits

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Import Lender deposits via BGC file

A back end user can import Lender deposits by navigation to the menu option Daily Process → Choosing the tab Import Lender Deposits.

File Validation

This import takes a BGC file as input. If any structural errors is found regarding the file during the import a exception will be thrown. Validation of the BGC file is also performed by the system to handle any user issues for example a user might try to import the same file multiple times. If multiple imports of the same file occurs the system presents a table with all the possible duplicates where backoffice will be given the option to force the import or to not include it at all.



A deposit will get the status "Possible duplicate" if the account has a transaction with the same Amount (and currency), the same Day as businessdate in the file.

If all order is OK and no possible duplicate is found the table will not show and the payments in the file will be imported.

Important

The Global Setting BankGiroLenderPayments need to have a valid BankGiro value to successfully import a Lender deposit. Note that this BankGiro number should only contain numbers and be stored in format: XXXXXXX (replace X with your BG number). The validation process looks at this setting to separate a Lender deposit from a Borrower payment and to determain the correct route for the deposit to take within Bricknode Lending.


Process

When importing the file a number of transaction and events will occur in Bricknode Lending and BFS.

For each row a transaction of type LenderDeposit will be created in BFS on a cash account called Lender Payment. If Bricknode Lending cant match the deposit to a lender it will create a transaction called LenderPaymentUnmatched on a exception account. If this occurs one manually needs to transfer the deposit to the correct lender when a counterparty is found.

A Bfs transfer notification is created in Bricknode Lending (navigate to Dashboard → Bfs transfers grid to view) and the action specified in the notification must be resolved manually by the back end user.

Important

Note that the reference, or account number, must match a the lenders BFS account for a successful matching.

Transactions in BFS

Example below shows the transaction flow for two deposits on 500 SEK each and one unmatched deposit on 100 SEK.

Account

BusinessTransactionType

Amount

BFSTransfer

cust_4 (Lender Payment Account)LenderDeposit+ 1100 SEK
cash_6 (Lender Payment Account)LenderDeposit+ 1100 SEK
cust_4 (Lender Payment Account)LenderDeposit- 1100 SEK
cash_6 (Lender Payment Account)LenderDeposit- 1100 SEK
cust_1 (Payments Custody Account)LenderDeposit

+ 1100 SEK

Create BFSTransfer

FromAccount: Lender Payment Account

ToAccount: Payments Custody Account

cash_3 (Cash Account)LenderDeposit+ 1100 SEK
cash_3 (Cash Account)LenderDeposit- 500 SEK
cash_3 (Cash Account)LenderDeposit- 500 SEK
cash_3 (Cash Account)UnmatchedPayment- 100 SEK
Lender1 AccountLenderDeposit+ 500 SEK
Lender2 AccountLenderDeposit+ 500 SEK
exception_1 (Unmatched deposits)LenderPaymentUnmatched+ 100 SEK

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