1. Teller User Guide
  2. Transfers
  3. International Transfer Against Account

6.5 International Transfer Against Account

The International Transfer Against Account screen is used to facilitate international transfer by debiting the account holder of the bank.

You can remit in the currency of the customer account and transfer in another currency based on the request from the customer. If the transaction currency differs from the transfer currency, the exchange rate is populated to calculate the equivalent amount.

To perform international transfer against account:

  1. On the Homepage, from Teller mega menu, under Transfers, click International - Account or specify International - Account in the search icon bar and select the screen.
    The International Transfer Against Account screen is displayed.

    Figure 6-6 International Transfer Against Account


    Description of Figure 6-6 follows
    Description of "Figure 6-6 International Transfer Against Account"

  2. On the International Transfer Against Account screen, specify the fields. For more information on fields, refer to the field description table.

    Note:

    The fields, which are marked with an asterisk, are mandatory.

    Table 6-6 International Transfer Against Account - Field Description

    Field Description

    Remitter Account

    Specify the customer account from which the funds need to be debited.

    Transfer Amount

    Specify the transfer account currency and the transfer amount that needs to be debited from the customer account.

    Negotiated Exchange Rate
    Specify the negotiated exchange rate if it is needed to perform the transaction using negotiated value.

    Note:

    This field is applicable only if the transaction involves cross currency. If this option is selected, the Negotiated Reference Number field will become mandatory.

    Negotiated Reference Number
    Specify the reference number for the negotiated cost rate.

    Note:

    This field is applicable only if the transaction involves cross currency.

    Transaction Amount
    Displays the remitter account currency based on the account number selected and the transaction amount based on the exchange rate.

    Note:

    This field is displayed only if Multi-Currency Configuration at the Function Code Indicator level is set as Y.

    Exchange Rate
    Displays the exchange rate used to convert the transfer account currency into credit account currency, and it can be modified.

    Note:

    If the transfer currency is the same as the account currency, the system displays the exchange rate as 1. This field is displayed only if Multi-Currency Configuration at the Function Code Indicator level is set as Y.

    Total Charge Amount
    Displays the total charge amount, which is computed by the system.

    Note:

    This field is displayed only if Multi-Currency Configuration at the Function Code Indicator level is set as Y.

    Narrative

    		 Displays the default narrative as International Transfer Against Account, and it can be modified.
  3. Specify the payment details. For information on the fields in the Payment Details segment, refer to Add Payment Details for International Transfer.
  4. Specify the charge details. For information on the fields in the Charge Details segment, refer to Add Charge Details.
  5. Click Submit.

    A teller sequence number is generated, and the Transaction Completed Successfully information message is displayed.

    Note:

    The transaction is moved to authorization in case of any warning raised when the transaction saves.

    When you submit, the transaction details are handed off to the Oracle Banking Payments system for outgoing payment creation and processing with external system status as Pending. After the transaction is processed and responded from Oracle Banking Payments with appropriate status, the Teller selects the transaction from Journal Log and completes the transaction.

    Note:

    System shall automate the completion of payment transactions from Journal log, once the ‘Success’ notification is received from Oracle Banking Payments based on the flag Auto Processing as Y in TRANSACTION.SRV_TM_BC_PARAM_DTLS. (When Auto Processing is ‘N’, then Maker-Checker-Maker-Maker and when Auto Processing is Y then Maker-Checker-Maker).

Parent topic: Transfers