2 Nostro Configurations
To map and reconcile the internal and external entries, configure the banking entities to facilitate Nostro account management requirements.
- Bank Parameters
Bank Parameters capture basic information about a bank, such as its name, head office location, account number structure, local currency, and similar details.
- Branch Parameters
Branch Parameters capture the various branches of a bank, their reporting hierarchy, branch names and location, SWIFT, TELEX, and HOST addresses, and similar information. Configurations maintained in the Branch Parameters supersede similar configurations in the Bank Parameters.
- Corporate Account Category
An Account Category is a logical grouping of account classes that define a business process.
- Account Class
An Account Class represents a group of customer accounts. Classify the customer accounts of a bank into different groups and assign each group an identifying code.
- Business Process
Business Process configuration builds a workflow by defining the stages of orgination of a corporate account . For each step, specify the data capture segments, checklist elements, documents to be submitted, and advice.
- Customer GL
Customer GLs reflect the balances in the customer account.
- Overrides Configuration
The system displays only the Error Codes that are maintained for the Source Code value - ALL.
- Queue Maintenance
Errors that occur when processing the ECA or EA. They map to different categories like Account validation exceptions, Balance exceptions, Limit exceptions, and so on..
- Revaluation Setup
Revaluation is the process of revaluing the funds in each foreign currency account. A revaluation setup is required to run the revaluation process and perform the appropriate maintenance(s).
- Source Code
A Source Code uniquely defines the origin of a transaction.
- Status Code
An Account class can have many Status Codes assigned to it. The Status Codes apply to all accounts that use the account class.
- Transaction Code
A transaction code associates an accounting entry with a transaction and uniquely identifies it.
Note:
To know more about the common account configuration, refer to the Account Configuration section of the Oracle Banking Corporate Accounts User Guide.- Nostro Account Class
The Nostro account class helps configure the information specific to Nostro accounts. Configure the Statement and Account Preferences, and GL Reporting Lines that propagate to Nostro accounts.
- Nostro Reconciliation Product
Reconciliation Products are unique across bank branches. Accounting entities reconcile transaction entries using a reconciliation product. To use a Reconciliation product, use the product code.
- External Account
An external entity in the Nostro account is a bank or an organization. An external entity can have several external accounts. A reconciliation product is associated with an external account, and together they map to one or more internal Nostro accounts.
- Rule Definition
Reconciliation rule definitions specify rules to match the internal and external transactions. The rules are defined using the attributes of internal and external transaction entries.
- Rule Decision
Rule decisions consider the different conditions and reconciliation products associated with the nostro account and provide the decision to apply rule definitions.
For more information on creating and viewing Nostro configuration parameters, see:
- Nostro Account Classes
Create and view Nostro Account Classes by following the instructions provided in this section. - Nostro Reconciliation Products
Create and view Nostro Reconciliation Products by following the instructions provided in this section. - External Accounts
Create and view External Accounts by following the instructions provided in this section. - Nostro Rule Definitions
Create and view Nostro Rule Definitions by following the instructions provided in this section. - Nostro Rule Decisions
Create and view Nostro Rule Decisions by following the instructions provided in this section.