2.1.1 Account Creation for Existing Customer

Each account that you define is identified with an account number. The Account Number can be combination of the CIF Number, the Account Class, Currency, and any other alphabet/s or number/s of the account or currency as defined.

For an account number, you also need to define other parameters like: the account category; the primary currency in which transactions can be passed to this account; the customer’s name; and so on.

Every account created or modified needs to be authorized to become effective. Whenever a new customer account is created or an existing record is modified, the system generates a notification message on the record authorization.

Account Number - You can indicate the account number of the customer. One customer can have any number of accounts. The structure of the account number is defined in the customer account mask maintained in the Account Parameters sub-screen of the Branch-wide parameters screen. The account number can be a combination of the account class, customer code (CIF Number), serial number or currency as defined in the customer account mask. The last constituent of the account number is always a system generated check digit (it could be alphabetical or numeric depending upon the mask defined). You cannot alter the relative position of the constituents of customer account (as defined in the mask) while maintaining actual customer accounts.

Customer Number - To create an account, you need to input the CIF number of the customer for whom the account is to be created. The adjoining option list displays all the valid customer codes. You can select the appropriate one.

If the CIF number is a part of the account mask, the specified CIF should be as part of the account number as per the length of CIF in the mask. If you have included the CIF Number of the customer as part of the Account Mask, the system automatically defaults the CIF code of the customer in the respective field. You can modify this code.

However, while defining the Account Mask in the Bank Parameters screen, if you have specified that the CIF Number should not be a part of the account mask you will have to specify the customer code manually. A list of all the valid customer codes is displayed in the available option list. You can select the appropriate.

Customer Name - The name of the customer is displayed based on the CIF ID that you have mentioned in ‘Customer Number’ field.

Primary Currency - You have to identify the currency of the customer account. A list of all the currencies maintained in the system will be displayed in the available list. You can select the currency of transaction for the respective account.

This topic contains the following subtopics:

• Create Account
  This topic describes the systematic instructions to create an account for an existing customer.