Lender Deposits

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.

Process

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

For each row a transaction of type LenderDeposit will be created in BFS on a cash account called Lender Payment. If Lendysoft 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 Lendysoft (navigate to Dashboard → Bfs transfers grid to view) and the action specified in the notification must be resolved manually by the back end user.

Transactions in BFS

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