3.3 Close Nostro Account

Close a Nostro account by following the instructions provided in this topic.

1. Search for the Nostro account and initiate the closure process.
   1. In the left navigation panel, click Nostro Account Services. Under Nostro Account Services click Account Closure.
      The Account Closure page displays.

      Figure 3-7 Nostro Account Closure

      
      

      
      Description of "Figure 3-7 Nostro Account Closure"

      
      
   2. Specify some or all the details on the Account Closure page.

      Table 3-8 Field Description table -Account Closure

      Field	Description
      Account Category	Specify the account category as "Nostro account".
      Description	Describe the Nostro Account Category. This field is auto populated.
      Customer Number	Specify the CIF number of the customer account.
      Customer Name	The name of the specified customer number is auto populated.
      Currency	Specify he primary currency of the NOSTRO customer account.
      Account Number	Specify the account number of the Nostro account.

   3. Click Search.
      The Nostro accounts matching the search criteria are listed under the Account Selection section.
   4. From the search result, select the account to close and the Priority of the task.
   5. Click Initiate.
      The Nostro Account Closure Entry - <Application Number> page displays the Account Basic Details.

      Figure 3-8 Nostro Account Closure Entry

      
      

      
      Description of "Figure 3-8 Nostro Account Closure Entry"

      
      

      Tip:

      Make a note of the Application Number. This is needed to identify the task at the approval stages in the Closure process, in the Free Tasks page.
2. Click Submit.

   This creates a Nostro Account Closure Entry task and starts the Stage Movement Submission process for the Nostro Account Closure Entry stage. The Stage Movement Submission dialog displays the Overrides listed for this stage.

3. Confirm the Overrides listed on this screen. Click Proceed Next.

   Note:

   The overrides are generated by the application based on information provided in the data segments.

   The Stage Movement Submission dialog displays the Checklist items for this stage.

4. Confirm the checklist items and click Proceed Next.

   The Stage Movement Submission dialog displays the Outcomes for this stage.

5. Select one of the outcomes from the dropdown.
   • Proceed: To proceed with the submission.
   • Reject: To reject the submission.
6. Click Submit.
   A Nostro Account Closure APPRVL task is created if Proceed was selected in the previous step.
7. In the left navigation panel, click Tasks. Under Tasks click Free Tasks.
   The Free Tasks page displays.
8. Search the listed tasks for the application number. This is the number noted down in step 1.e. The Process Name must be Nostro Account Closure and the Stage must be Nostro Account Closure APPRVL.
9. Click Acquire and Edit.

   The Nostro Account Closure APPRVL - <Application Number> summary page displays.

10. Click Submit from the Summary screen. The Stage Movement Submission dialog displays.
11. Confirm the Overrides and Checklist items.
    The Stage Movement Submission dialog displays the Outcomes.
12. Select one of the outcomes from the dropdown.
    • Proceed: To proceed with the submission.
    • Cancel: To cancel the submission.
13. Click Submit.

    The Nostro Account closure is approved.

14. Confirm that all stages stages of the Nostro Account closure process are complete. Click Tasks. Under Tasks click Completed Tasks.
    The Completed Tasks page displays two stages of the Nostro Account closure process: Entry, and Approve.