Refit and the Insolvency Practitioner - Agenda

1. Refit and the Insolvency Practitioner - Agenda • Objective of this session • Refit background • IP on-line services • Account amendments • Statements/Queries • Payment request • Transfers • Investment Requests • Bank Giro Credits • Notifications • Other services • Access control system

2. Refit and the Insolvency Practitioner –Session objective • Information – update on what is being done and where we are up to • Proposed functionality – overview of what we believe the new system must provide to you • Feedback – ensure that what we are proposing is: • Correct • Complete • Appropriate

3. Refit and the Insolvency Practitioner – Background • Objective • Replace existing Financial systems by 01/04/2004 • Progress • Business process analysis done • Requirements analysis underway – completed 04/2002 • Product evaluation underway – initial analysis 04/2002 • Next steps • Choose products • Package • Bespoke • Combination • Analyse requirements • Design • Build • Test • Train • Implement • Other activities • Data clean up

4. Refit and the Insolvency Practitioner – Project Scope IP’s Simple Facilitated Internet Access Interfaces Case Nominal Ledger Management Financial System Estate Management Insolvency Service Account (ISA) CAU Insolvency Service Investment Account (ISIA) NILO Government Stocks

5. Refit and the Insolvency Practitioner - IP on-line services IP Service request IP On-line services Copy of estate data On line message service Transmit on-line request Daily estate refresh Notification Refit Message queue Refit Estate data Validate and Process request

6. Refit and the Insolvency Practitioner - IP on-line services • Account amendments • Change static details • Open/Re-open Suspense account • Open/Re-open Voluntary main account • Change interest bearing status

7. Refit and the Insolvency Practitioner - IP on-line services • Statements/queries • On line queries • What-if options • Interest breakdowns • Investment details • Downloadable estate information

8. Refit and the Insolvency Practitioner - IP on-line services • Payment requests • Selectable payment types • Selectable payment methods • Cheque • BACS • Chaps • Multiple currencies

9. Refit and the Insolvency Practitioner - IP on-line services • Transfers • Move funds between Estate Accounts • Move funds between owned estates

10. Refit and the Insolvency Practitioner - IP on-line services • Investment requests • Select account • Select amount or maximum • Select investment type

11. Refit and the Insolvency Practitioner - IP on-line services • Bank Giro Credits • Receipts will be managed via the bank account – need to record and manage Band Giro Credit numbers • Pre-printed • Print on demand • Manual completion

12. Refit and the Insolvency Practitioner - IP on-line services • Notification sub system • Email – what addresses ? • Fax • Letter • On-line

13. Refit and the Insolvency Practitioner – Other IP services • Other services • Dividend calculation and payment • Electronic load of payee details • Electronic load of creditor addresses • Dividend mailing

14. Refit and the Insolvency Practitioner - Security • Copy DB as opposed to direct access • Authorisation of on-line requests • Access control • IP level • Cashier Level • Enquiry level • Password management • IP level – IS • Sub levels – IP • System security - Responsibility of IS • Secure data • Secure messaging