4.3.3 Broker Bank Details Tab

This topic explains the details of any bank accounts operated by the broker, which are preferred for transacting with the AMC.

1. On FCIS Broker Maintenance Detail screen, click Broker Bank Details tab.
   The Broker Bank Details are displayed.

   Figure 4-6 Broker Bank Details Tab

   
   

   
   Description of "Figure 4-6 Broker Bank Details Tab"

   
   
2. Specify any number of preferred bank accounts for a broker for each currency, but you must designate one of these to be used by the broker as the default bank account for making or receiving payments in transactions in each currency.
3. On Broker Bank Details tab, specify the fields.
   For more information on fields, refer to the field description table.

   Table 4-5 Broker Bank Details - Field Description

   Field	Description
   Broker Bank Details	The section displays the following fields.
   Bank	Alphanumeric; 12 Characters; Mandatory Select the name of the bank in which the account is held from the list.
   Bank Name	Display The system displays the name of the bank for the selected bank code.
   Branch	Alphanumeric; 12 Characters; Mandatory Select the name of the branch of the bank in which the account is held from the list.
   Account Type	Alphanumeric; 1 Character; Mandatory Select the nature of the account held by the broker from the list. The list provides all account types that have been set up in the Account Type Maintenance records.
   Account Number	Alphanumeric; 34 Characters; Mandatory Specify the number of the account held by the broker in the selected bank.
   Default	Optional Select Yes to identify the bank account that is to be reckoned as the default bank account for the broker in the system.
   IBAN	Alphanumeric; 40 Characters; Optional Specify the International Bank Account Number (IBAN) of the account holder.
   Account Name	Alphanumeric; 140 Characters; Mandatory Specify the name in which the broker holds the specified bank account. By default, the system reckons this to be the specified name of the broker, and the same is displayed here. It will be accepted into the database as the account holder’s name if you do not specify any other.
   Account Currency	Alphanumeric; 3 Characters; Mandatory Select the currency of the bank accounts that you are designating for the broker. You can maintain any number of accounts in each currency; however, you must designate one default bank account for each currency. Note: You can make commission payments where the commission currency is different from the broker bank account currency by selecting MCY option from the list of values for account currency.
   Direct Debit Allowed	Optional Select Yes to allow the direct debit.
   SWIFT format	Optional Select the SWIFT format from the drop-down list. The list displays the following values: MT103 MT202
   Bank Charged	Optional Select the bank charged details from the drop-down list. The list displays the following values: Beneficiary Remitter Share
   Beneficiary Details	The section displays the following fields.
   Beneficiary	Alphanumeric; 35 Characters; Optional Specify the beneficiary details.
   Beneficiary Add1-3	Alphanumeric; 105 Characters; Optional Enter beneficiary address.
   Beneficiary BIC Code	Alphanumeric; 24 Characters; Optional Enter beneficiary BIC Code.
   Beneficiary Acct Number	Alphanumeric; 34 Characters; Optional Enter beneficiary Account Number.
   Beneficiary Code	Alphanumeric; 24 Characters; Optional Enter Beneficiary Code.
   Beneficiary Info	Alphanumeric; 100 Characters; Optional Enter beneficiary information.
   Beneficiary IBAN	Alphanumeric; 40 Characters; Optional Specify the beneficiary IBAN details.
   Intermediary Details	The section displays the following fields.
   Intermediary	Alphanumeric; 35 Characters; Optional Enter the intermediary details.
   Intermediary Add 1-3	Alphanumeric; 105 Characters; Optional Enter intermediary address.
   Intermediary BIC Code	Alphanumeric; 24 Characters; Optional Enter intermediary BIC Code.
   Intermediary Acct Number	Alphanumeric; 34 Characters; Optional Enter intermediary account number.
   Intermediary Code	Alphanumeric; 24 Characters; Optional Enter intermediary code.
   Intermediary Info	Alphanumeric; 100 Characters; Optional Enter intermediary information.
   Intermediary IBAN	Alphanumeric; 40 Characters; Optional Enter intermediary IBAN details.
   Further Credit Details	The section displays the following fields.
   Further Credit Name	Alphanumeric; 35 Characters; Optional Enter further credit name.
   Further Credit Acct Number	Alphanumeric; 35 Characters; Optional Enter further credit account number.
   Reference Section	The section displays the following fields.
   Reference 1-2	Alphanumeric; 35 Characters; Optional Enter the reference details.