6.4.1 Involved Parties Details

Use this section to add a new involved party (account, entity, or person) to the selected transaction. You can also edit or delete the involved parties associated with the selected transaction.

• An Account as an involved party: You can add an account as an involved party to the selected transaction. The account that you add in this section is listed in the Involved Accounts Details section.
• An Entity as an involved party: You can add an entity (organization or institution) as an involved party to the selected transaction. The entity that you add in this section is listed in the Involved Entity Details section.
• A Person as an involved party: You can add a person as an involved party to the selected transac- tion. The person that you add in this section is listed in the Involved Person Detailssection.

To add an involved party to the selected transaction, follow these steps:

1. In the Involved Parties Information pane, click Add for Account, Entity, or Person. The Add Involved Party pane is expanded based on your selection (Account, Entity, or Person).
2. Enter the following information in the Involved Parties Details-Account pane as tabulated.

   Table 6-6 Involved Party Fields

   Fields	Description
   Party Type	Select the party type. For example, External Person Internal Account, External Entity, and so on.
   Party Role	Select the party role (Beneficiary, Conductor, and Originator).
   Funds Code	Select the fund’s code (Bank Draft, Cash, Cheque, Fund Description, Other).
   Funds Code Description	Enter the description for the fund code, if required.
   Amount	Enter the amount involved in the transaction.
   Currency	Select the type of currency.
   Country	Select the country.
   Exchange Rate	Enter the exchange rate of the country selected.
   Significance	Enter the significance of the involved party.
   Comments	Enter comments, if required.

3. Click Proceed. A confirmation message is displayed and the newly added involved party appears in the Involved Party-list. The newly added entities are also listed in their respective panes. For example, if you add the account as an entity, it is also displayed on the Involved Accounts Details page. Similarly, for Involved Entity Details and Involved Person Details.
4. To edit an existing involved party, click View . The Involved Party details are displayed. Modify the necessary information and click Save. The involved party details are updated.
5. To delete an existing involved party, select the involved party from the list and click Delete . The selected involved party is removed from the list.