1 Settlement Service

The Settlements sub-system is part of the core of Oracle Banking Treasury Management. This system is a convenient money settlement service that interfaces with the other modules of Oracle Banking Treasury Management.

In Oracle Banking Treasury Management, there is a close association of Settlements and Messaging systems. The Settlements system provides for a common set up of money settlement accounts and routes. The Messaging system, on the other hand, handles the generation of settlement messages.

To handle money settlements in Oracle Banking Treasury Management, you have to:

• Maintain Bank Identifier Codes (BIC)
• Maintain Ultimate Beneficiary details
• Maintain Settlement Preferences

For a Customer/Module/Currency/Branch or a combination of any of the entities.

This topic has the following sub-topics:

• Maintain Ultimate Beneficiary Details
  This topic describes the systematic instructions to Maintain Ultimate Beneficiary Details.
• Settlement Preferences
  This topic describes the settlement preferences.
• Settlement Instructions Resolution Sequence
  This topic describes the Settlement Instructions Resolution Sequence.
• Process Settlements
  This topic describes the process settlements.