Assets

While processing an application, user are able to capture applicant assets. If an applicant is a current account holder, the system searches the core and previous applications for asset records. If assets are located, the data is automatically populated within the Assets screen for each applicant.

The Assets screen is a system-defined screen that displays a view of the assets associated with each applicant on the application, and provides the ability to manually add assets that are not on deposit at the institution.

Depending on the configuration of the workflow model, the Assets screen may be assigned to the Workflow and/or Screen section of the Application Navigator.

A toolbar is located at the top of the Asset screen that allows users to perform the following functions:

Assets can only deleted and/or fully edited when they are manually created in Temenos Infinity. For more information on the edit and delete behavior for core assets, please see the Editing Assets and Deleting Assets sections in this topic.

Icon	Description
	Allows a user to add an applicant asset to the current application.
	Allows a user to edit an applicant asset that is assigned to the current application.
	Allows a user to remove an applicant asset that was manually created from the current application.

When assets populate within the grid, information is distributed across the following columns:

When assets are imported from the core, not all columns contain a value as some information is not relevant to all asset types.

Column/Field

Description

% Include

Indicates the percent of the asset value that is included as the applicant’s.

If not manually updated, the % Include field defaults to 100, which denotes that 100% of the asset is to be included in the application.

Asset Type

Indicates the type of asset (saving, checking, certificate, and so on).

Asset Ownership Type

Indicates the account type to which the asset is associated.

Applicant ECOA

Indicates which applicant is the owner of the asset. This field also identifies the ownership type as either primary or joint.

The grid represents ownership by the following codes:

P – P: Primary applicant is the Primary owner
P – J: Primary applicant is a Joint owner
J1 – P: Joint applicant is the Primary owner
J1 – J: Joint applicant is a Joint owner

Account #

Indicates the account number of the asset.

Maturity Date

Indicates the maturity date of assets, such as certificates.

Description

Displays any further information about the asset.

Institution Name

Displays the name of the institution where the asset is on deposit.

Balance

Indicates the actual balance of the asset.

Adj. Balance

Indicates the balance of the asset after being adjusted according to the percent included value.

Adj. Avail. Balance

Indicates the balance of the asset after being adjusted according to the percent included value and hold amount.

Market Value

Indicates the asset’s market value.

Original Value

Indicates the original value of the asset.

Hold Amount

Indicates the amount of the asset that is on hold.

Location Info

Displays the asset’s location information.

Dividend Rate

Indicates the asset’s dividend rate.

Collateral Number

Displays the associated collateral number from the core processor.

Adding Assets

Assets can be added to an application by clicking within the Asset toolbar.

To add an asset:

Click to open the Add Asset screen in a new window.
Within the Add Asset screen, users are able to input asset information in corresponding fields.
Complete the following required fields:
- % Include
- Asset Type
- Account Number
- Institution name
- Balance/Value

If desired, enter information for the remaining optional fields.

The Asset Ownership Type field provides the ability to associate the asset with an account type. This drop-down list includes all values configured for the ASSET_OWNERSHIP_TYPE lookup by the system administrator in System Management > Origination > Field Configurations. If no values are configured for the ASSET_OWNERSHIP_TYPE lookup, the Asset Ownership Type field displays a blank drop-down list in the Add Assets screen.

For more information on this lookup, please see the Available Field Configuration List within the Field Configurations topic in the Administrator guide.

Below the fields is a grid that allows users to assign ownership of the asset. Select the applicant’s name to enable the ownership options. Upon selecting the applicant’s name, two fields become available: Map to Asset (check box) and Ownership Type/ECOA.

Select the Map to Asset check box to indicate applicant ownership.
Select either joint or primary from the Ownership Type/ECOA drop down to indicate what type of ownership level the applicant has.
If multiple applicants are on the current application, each applicant is able to have their assets added from the Edit Asset screen.
Once all information is complete, click .

Editing Assets

The

button is available to select for assets populated by the core, and assets that are manually entered; however, when editing assets populated by the core, the information returned is real-time and accurate; therefore, users are limited in what fields they are able to edit. The only field that is editable for assets populated by the core is the % Include field. When editing an asset that was manually entered, all fields are able to be modified.

To edit an asset within the Assets screen:

Highlight the desired asset within the grid. Double-click the asset record, or click within the toolbar at the top of the screen.
Update the desired field(s).
Click to retain the changes.

Deleting Assets

The only assets that are able to be removed from an application are those that are manually created in Temenos Infinity; therefore,

is disabled within the toolbar when an asset populated by the core is selected within the Assets screen.

To delete a manually created asset within the Assets screen:

Highlight the asset to be deleted within the grid and click within the toolbar at the top of the screen.
A message appears to confirm that the asset should be deleted. Click Yes to remove the asset or No to retain the asset on the application.
When the asset has been deleted, click OK to continue processing the application.