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When
Central Banks introduce Clearing and Settlement Systems (CASS) to
automate the clearing of payment instruments, commercial banks need
to have systems which can generate files for outward clearing and
accept/process files for inward clearing.
Most
banks will have existing computer systems prior to this event taking
place and supplementing existing systems with a module to handle
this is far more advantageous than replacing existing systems.
Some
Central Banks require the exchange of only data files while others
require both data and image files to be exchanged.
CapGen
is a highly parameterized system, which can be used across a wide
range of CASS systems for both paper and image based clearing.
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Features
of CapGen
Interface to Document Processors
User Defined Payment Instruments
Branch Modules for banks having
distributed databases
Interface to communicate with the
Central Bank
Automatic generation of outward
clearing files
Automatic Processing of inward
clearing files
Automatic Send and receive feature
Interface to existing Baseline
system
End-to-End regularization of paper
instruments
Interface to Document Processors
CapGen
interfaces to popular document processors which enables a bank to decide
whether it wishes to process documents at Front Office using small inexpensive
document processors or at Back Office using high speed large volume processors.
These document processors will capture data from the MICR line as well
as scan images of one or both sides of the document and pass this data
to CapGen for processing
User Defined Payment Instruments
While almost all Central Banks process instruments such as
cheques and transfer orders, each Central Bank also allow other instruments
and these can change as time goes by. For example, promissory notes, settlement
orders, reimbursement of credit card claims etc. are items that Central
Banks allow processing of. CapGen allows users to themselves define new
instruments and evolve along with Central Banks.
Branch Modules for banks having distributed databases
Not all banks have a centralized database. Banks, which have
distributed databases at branches need to process instruments at branches
and then send the processed data to a Nodal Office. The Nodal Office consolidates
data and transfers consolidated data to and from aCentral Bank. CapGen
has a Branch Module, which allows this to take place.
CapGen
also has built in sorting mechanism which enables sorting, preparing and
transferring files to various branches at predefined intervals.
Interface to communicate with the Central Bank
CapGen system has an easy interface to accept and send files
to a Central Bank
Automatic generation of outward clearing files
Once
instrument data has been entered into CapGen, it automatically creates
outward clearing files in the formats defined by Central Banks
Automatic Processing of inward clearing files
On
receiving inward clearing files from a Central Bank, CapGen can automatically
process the instruments for parameters such as account balance, overdraft,
cheque stock etc. CapGen allows users to define instruments which can
be automatically processed and others that require officer intervention
Automatic Send and receive feature
CapGen
has automatic send and receive feature which allows Users to send and
receive files from a Central Bank at user defined intervals
Interface to existing Baseline system
CapGen
has the capability to interface to various baseline systems using a batch
or on-line interface. These interfaces are developed/fine tuned individually
for each user.
End-to-End regularization of paper instruments
Many
Central Banks now allow clearing of instruments based on electronic images.
Paper instruments however, still exist and banks need to ensure that the
paper item finally arrives at the correct destination regularizing the
instrument which has been cleared based on an electronic image. CapGen
keeps track of the complete life cycle an instrument. until it is fully
regularized.
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