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Wealth Management > Financial Transactions

Financial Transactions

Use the Financial Transactions pages to create, update, and track any type of financial transaction for a specific financial account. Financial transactions are the individual transactions of a financial account for all financial products.

NOTE: Your company administrator determines which tabs are available to you. If your job responsibility does not include tracking financial transaction information, the Financial Transaction tab might be excluded from your setup.

The financial transaction records enable you to determine which financial accounts have which transactions in relation to all financial products. This information provides a complete view of financial transactions, organized by financial account. You can use financial transaction records to track all types of financial product transactions, such as a buy, sell, big ticket, redemption, deposit, withdrawal, and any other instrument defined by you within financial products.

Using financial transactions, financial institutions can deliver summary information from their middle-office or back-office applications about customer financial accounts. This information provides views that are based on clients or households. The detailed information about the financial transactions, such as quantity, prices, and important dates (such as purchase dates) is available to you within Oracle CRM On Demand when you are managing the relationship with the client.