Defining Counterparty Information
This chapter discusses how to set up counterparties.
Defining Counterparty Information
To define treasury counterparties, use the Treasury Counterparties component (BANK_PNL_TR_GBL).
A counterparty is a bank that has a trading relationship. You must set up the bank before you can define counterparty information.
This section discusses how to:
Define counterparties.
(Optional) Define counterparty address information.
Define settlement instructions for counterparty deals.
Pages Used to Define Counterparty Information|
Page Name |
Definition Name |
Navigation |
Usage |
|
Treasury Counterparties |
BANK_PNL_TR |
Banking, Banks and Branches, Treasury Counterparties |
Establish counterparties. |
|
Address Information |
BANK_ADDR_PNL_TR |
Click Address Information on the Counterparty Information page. |
Enter your counterparty's address. |
|
Settlement Instructions |
BANK_STL_NET |
Click Settlement Instructions on the Counterparty Information page. |
Specify, by currency, the counterparty's account into which your payments will be directed as a result of deals transacted with this counterparty. |
Defining Counterparties
Access the Treasury Counterparties page (Banking, Banks and Branches, Treasury Counterparties).
Most of the fields on this page are the same as the fields on the Bank Information page. We describe only the fields that are unique to this page.
|
Select if a bank is a regional or corporate treasury. This option applies only to internal bank types. Corporate treasury entities have special rights within PeopleSoft Treasury, such as servicing internal accounts. You can designate multiple internal counterparties as a corporate treasury. If you select this check box, you should also specify the general ledger unit with which it is associated. When you select this check box, the system automatically selects the Internal BU check box. |
Select the check boxes that reflect the activities in which this counterparty is involved. Options are: Deal Counterparty, Issuer, or Broker.
See Also
Defining Settlement Instructions for Counterparty Deals
Access the Settlement Instructions page (click Settlement Instructions on the Counterparty Information page).
You can specify netting options and payment instructions for deals associated with a specified counterparty.
Note. Netting options specified here are used only in the deal settlement netting process; these options are not used in the bilateral account netting process.
See Specifying Instructions for Settling Deals.
Select a netting option for this counterparty.
|
Do Not Net |
Select if no netting takes place for transactions with this counterparty. |
|
Net |
Select if both positive and negative cash flows for each currency are netted, resulting in one net cash flow per currency. |
|
Net Bulk |
Select if positive and negative cash flows for each currency are netted separately, resulting in one positive cash flow amount and one negative cash flow amount per currency. |
|
Contractual Netting |
If you select either Net or Net Bulk, select this check box to indicate that there is a netting contract in place with this counterparty. |
|
Instructions |
Select a settlement instruction. |
|
Primary |
Select to indicate which instructions are the default instructions in Deal Management. |
|
Settle Thru Internal Account |
Select to enable settlements to go through an internal account as opposed to an account in another bank. This check box is available only if the bank type is Internal. |
|
Settle Thru Bank and Settle Thru Account |
Select the appropriate bank code and account code. |
|
Payment Method |
Payment methods available to you are determined by the selected Settle Thru Bank and Settle Thru Account. See Setting Up Payment Processing. Options include: Automated Clearing House Direct Debit Draft - Customer EFT Draft - Customer Initiated Draft - Vendor Initiated Electronic Funds Transfer Giro-EFT Giro-Manual Letter of Credit Manual Check System Check Wire Transfer |
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Click to access the Beneficiary Bank page and edit settlement instructions. |
Edit Settlement Instructions