Relationship Termination

A form marking the formal end of a relationship. Members with the appropriate grant can terminate the relationship.

It's useful to note that a relationship termination is not relationship deletion. Termination marks the end of a customer relationship and keeps all customer data for evidence, whereas deletion removes the relationship from the system entirely and irreversibly.

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Anatomy

Once the relationship comes to a formal end the relationship termination form is filled out.

The relationship termination form consists of the following fields:

• Date of Termination: The date the relationship ended or will end.

• Reason for Termination: The reason the relationship ended. The options are as follow:

  • Business Relationship Concluded

  • Money Laundering

  • Terrorism Financing

  • Sanctions

  • Other

• Additional Information: A free-text area for additional comments.