2.8.1 Account Balance for Netting

This topics describes about the detailed information about the accout balance.

Note:

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

To pool balances across accounts/contracts for netting, account/contract balance information must be maintained in the Account/Contract Balance for Netting screen.

1. On the Home screen, specify GEDACCNT in the text box and click the icon.
   The Account Balance for Netting screen displays.

   Figure 2-26 Account Balance for Netting

   
   

   
   Description of "Figure 2-26 Account Balance for Netting"

   
   
2. On Account Balance for Netting screen, click New and specify the fields.
   For more information on fields, refer to the field description table.

   Table 2-24 Account Balance for Netting - Field Description

   Fields	Description
   Reference Number	Specify the reference number, which is the account number or the contract reference number for which the balance has to be considered.
   Liability No	Click the icon and select the liability number to which the Reference Number is linked.
   Customer Number	Click the icon and select the customer number to which the Reference number belongs.
   Currency	Click the icon and select the currency based on which the balance amount of the account/contact has to be considered. Once authorized, this entry will become non-amendable.
   Amount	Specify the account/contract balance amount for netting.
   Value Date	Specify the date from when this account/contract is valid for netting.
   Booking Date	Specify the booking date on which the account/contract was created.
   Expiry Date	Specify the date till when this account/contract is valid for netting.
   Line Code	Click the icon and select the line code for the account/contract.
   Serial Number	The system displays the Serial Number for the line chosen in the field Line Code. The Serial Number field is disabled and it gets defaulted from the Facilities Maintenance screen.
   Netting Required	Select this check box to indicate that the netting amount defined in the Account/Contract Balance for Netting screen is updated in the Netting Contribution field for the specific facility for which Netting Required check box is selected. You can have the Facility to display the Netting Amount in the Netting Contribution screen. For more details on this feature, refer the Including Netting Amount in Facility’s Netting Contribution topic.
   Contract Type	By default, the Contract Type field displays AC for the account netting facility. In this case you must also define the facility code (Line Code) to which the netting amount is to be added. If the account is a Term Deposit account which you wish to link as collateral to a collateral pool,then specify a Contract Type other than AC. Here you need not specify the facility code. For more details on linking Term Deposit accounts/contracts as collaterals, refer the Collaterals Maintenance topic.
   Source Code	Specify the source code for the account netting facility.
   User Reference	Specify the user reference for the netting facility.