The CARC (Capital Adequacy Ratio Consolidator) System is an extension of the FRPS, and utilizes the same architecture and framework wherein Excel-like template data entry, Validation and Consolidation is effectively performed and implemented to cater all head office units and branches
The application gathers financial balances via a mainframe interface for the bank’s FMS GL balances; loans data from the Bank’s Loans System (SYMBOLS) and requires minimal data entry from LBP branches all over the country. Any discrepancy found after branch level validation is displayed so that the assigned personnel can immediately correct the entries before submitting to LBP’s head office for bank-wide validation, adjustment and consolidation of balances.