Nostro Accounts

This topic provides information about enhancements in the Nostro Accounts.

Account Restrictions & Entitlements

Introduction of Restrictions at account class and account level to restrict the usage of certain Branch, Currency, Customer and Customer Category. Similar to Restrictions, Entitlements are also provided with Payment, Branch and ELCM Entitlement groups.

Multi-currency Account

In order to handle Nostro account as a GL instead of account, it has been decided to use Multi-currency account feature. The Nostro account is created as a Multi-currency account.

UTC Time Zone Changes

It is recommended to store Audit Date/Time in UTC to provide proper reference to date and time of changes.

Bank Parameter - Account Mask with Wildcard Character

Wildcard character accepts either alphabet or Number. So, there is a flexibility for the Banks to have customized account number generation.

Account number generation can be Automatic / Manual.

• Automatic - If the account mask has the wildcard characters as part of the mask, then Numbers are used.
• Manual - If the account mask has the wildcard characters as part of the mask, then user is allowed to provide either number or alphabets.