Migration Strategy for Farmers Bank

Previous meeting held on 25th July 2013 we have discussed the procedures to be adopted for
migration of data from legacy to new system. Flow of migration is as under:
Customer Master
Account Master
Cheque Book
Image
Limit
Collateral
Collateral Rights
Account Balances
GL and PL balances
Normally closing balance of each accounts are migrated in new system but bank is interested to
migrate the transactions from the first date of transactions. Thus we have suggested following
procedures:
1. Booking date will be 31st July 2013.
2. Presently system date is 18th April 2013 and weekly off for Friday and Saturday should be
marked. (Already marked)
3. Marked Holiday as per system acceptance to run the various COB.
4. Run the COB till 30th July 2013 so 31st July will be working day.
5. Sufficient number of users ID with access rights should be created in new system.
6. Sufficient number of Teller Id should be created.
7. Static data like Customer Master/Account master and Cheque Book will be migrated by
using the migration tool.
8. For Savings and SND rate of interest will be applicable from 1 st July. The interest capitalized
on 30th June in legacy system will be taken as FT transaction in new system. No interest will
be capitalized in T24 for 30th June 2013.
9. All financial data will be uploaded with transaction value date. The upload file will have
following details:
Value date (transaction date)
Debit or Credit Alternate Account number (Legacy account number)
Debit or Credit Take on Suspense account (TOS Account)
Cheque Number (If customer account is debited for CD; SB and SND type of account)
10. All active FDR and MIS will be opened from opening date and rate of interest will be
captured at contract level. All FDR and MIS will have interest liquidation account for excise
duty or should have a linked SB/SND/CD accounts.
11. All recurring deposits will be opened manually with providing installment schedule. No
recurring deposit should have any default installment. Otherwise we cannot create the
contract in system. All recurring deposit should have funding account.
12. Internal GL and PL transactions should also be done as point number 7.
13. All the transaction will be taken as FT transaction. Hence transactions related to cash
deposits and withdrawal also be FT transaction only.

14. After completing of all the transaction and uploading the transactions TOS account should
have a negative balance which should be equal to closing balance of cash in hand as of 31 st
July 2013.
15. TOS account balance should be made 0.00 by creating teller transactions.
16. From Teller to Vault cash should be transferred.
17. Supplementary report should be taken.
18. COB should be run for 31st July 2013.
19. GL and PL reports should be generated and should be reconciled from legacy system.
20. All transactions related to 1st August 2013 should be entered in system by using Teller/FT
transactions.
21. Supplementary should be generated and COB should be executed for 1st August 2013.
22. GL and PL should be reconciled with legacy.
23. System will be ready for Go Live from 4th August 2013.