CLASSIC SOFT

Views:
 
     
 

Presentation Description

ClassicLoader is a data entry automating software, if the data is already present in electronic format like excel file or text file or in a data base. This software is used by so many Banks in India to submit statutory returns to RBI ( Reserve Bank of India) through OSMOS, ORFS and XBRL.

Comments

Presentation Transcript

CLASSIC SOFT: 

CLASSIC SOFT A Software Development Company since 2001 Specialized in Banking Domain Major Clients: BNP Paribas Societe Generale Credit Suisse ICICI Bank Ltd. Citi Bank Barclays Bank Union Bank of India UCO Bank CKP Co-Operative Bank Ltd Bharati Axa Life Insurance Co. Ltd. 1

CLASSIC SOFT: 

CLASSIC SOFT Our Products Classic Loader – RBI returns Automation Package ECS Program (For UCO Bank) FAMS – Fixed Assets Management System Speed Remittance System ( For UBI) Consolidation of RBI returns ( For UBI – IBD dept) 2

Classic Loader: 

Classic Loader A software to automate submission of RBI returns through OSMOS, ORFS & XBRL 3

Classic Loader: 

Classic Loader Implementations so far: BNP Paribas Societe Generale Credit Suisse AG ICICI Bank Ltd Citi Bank Barclays Bank 4

Classic Loader: 

Classic Loader Benefits of Classic Loader: Transfer data from source file (Excel / text) to destination application. Avoid time consuming data entry Avoid typing errors. Avoid second round of checking after the data entry, provided figures in the source excel file is correct Ensure timely submission of statements to RBI. Manual compilation of source data can be avoided ( Needs customisation) 5

OSMOS: 

OSMOS A Software provided by RBI Developed in VB and MS Access Following Returns are through OSMOS: DSB I -Assets, Liabilities and Exposures DSB II -Capital Adequacy DSB III -Quarterly Operating Results DSB IV -Asset Quality DSB V -Large Credits DSB VII -Balance Sheet Analysis RBS1 - Risk Based Supervision 6

OSMOS : 

OSMOS How data is transferred….? Keep the OSMOS application open. Open Classic Loader Select the source data file. Click on Post to OSMOS button. Data from source file will be posted/ transferred to OSMOS application Save & Validate OSMOS 7

ORFS: 

ORFS Submission of Returns through website of RBI. Returns submitted through ORFS: Form A & Annexures Form VIII & Annexures CPR MAP SIR IRS IRS D – New IRS Return DSB VIII-  Structural Liquidity BAL & its Annexure FTD & GPB Special Fortnightly CDs RIS ( Return of Subsidiaries) SIBC 8

ORFS: 

ORFS Problems of ORFS data entry: Session Timeout every 2-3 minutes. Hence unsaved data is to be re-entered. Alternative to Data entry: Upload data in XML format given by RBI, which is faster and take less than a minute. 9

Role of Classic Loader: 

Role of Classic Loader Classic Loader will generate XML files from source file. XML file can be uploaded at ORFS web site. No Data entry Return submission is not delayed due to session timeouts 10

XBRL: 

XBRL XBRL means : e X tensible B usiness R eporting L anguage New channel introduced by RBI Returns through XBRL: Basel II Form A & Annexures Form VIII & Annexures Form X GPB 11

Role of Classic Loader: 

Role of Classic Loader Classic Loader will pick data from source file and post it to XBRL enabled excel format of RBI. Again, No data entry Save XBRL enabled excel, validate, encrypt and send encrypted file to RBI. 12

Advantages of Classic Loader: 

Advantages of Classic Loader Classic Loader is ready to automate all existing returns through OSMOS, ORFS and XBRL We will support all future returns that may be routed through any of these 3 channels. 13

Customisation of Classic Loader: 

Customisation of Classic Loader Customisation of Classic Loader: As per the requirement of the Bank. Major areas of customisaiton could be: Compilation of source files from different files or database. Use of Classic Loader for automating data entry to other applications ( For Eg: Frauds Reporting SW) 14

Thank you.: 

Thank you. 15