2.4.1 Create Rule Definition

Reconciliation rule definitions specify rules to match the internal and external transactions. Establish complex conditional rules using the entry's internal and external attributes, as well as a set of numerical and logical operators. Create Rule Definitions by following the instructions provided in this topic.

1. In the left navigation panel, click Nostro Account Configuration. Under Nostro Account Configuration click Reconciliation Rule Definition and then click Create.
   The Create page displays.

   Figure 2-19 Create Reconciliation Rule Definition

   
   

   
   Description of "Figure 2-19 Create Reconciliation Rule Definition"

   
   
2. Specify the following details.

   Table 2-14 Field Description table

   Field	Description
   Rule Description	Provide a descriptive name for the rule definition.
   Recon Category	Select Nostro Reconciliation from the drop-down list. This is the only option available.
   Recon Type	Select the Reconciliation type as Exact. Note: The Generic reconciliation type is not applicable for Nostro Reconciliations.

3. Specify the matching rules that apply to get an exact reconciliation.
   1. Click Add Condition.
      A new row displays.
   2. Click the row to display the Text between, Internal Entry Attributes, and External Entry Attributes buttons.
   3. Specify the matching rule between the attributes of the internal and external entries.
   4. Click Internal Entry Attributes.
   5. Select an attribute from the drop-down list.

      Internal entry attributes: Internal Debit Amount, Amount Lower Threshold, Amount Upper Threshold, Internal Credit Amount, Internal Aggregated Debit Amount, Internal Aggregated Credit Amount, External Account, Currency, Amount, Value Date, Internal Reference Number, External Entity, and Recon Product.

   6. Use the Starts with, Ends with, and Operator buttons to create a matching condition.
   7. Click External Entry Attributes.
   8. Select an attribute from the drop-down list.

      External entry attributes: Internal Credit Amount, External Credit Amount, External Aggregated Debit Amount, External Aggregated Credit Amount, External Account, Currency, Amount, Value Date.

   9. Repeat the above steps to add more conditions.
   10. Select the AND or OR operators to join the conditions.
   11. Click Validate and Preview to see the final rule definition.
4. Click Create.
   The Rule Definition is created.

A sample rule definition: (Internal Reference Number starts with BNKX) AND (External Reference Number starts with BNKY) AND ((Internal Debit Amount >= 10000) OR (External Credit Amount >= 10000)).