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Accounts Part1

This document provides an overview and summary of accounts configuration in T24, including defining account parameters, types of accounts, account number formats, account input, account balances, account closure, account statements, and other related topics. It is intended to give readers a high-level understanding of the key aspects of configuring and managing accounts within the T24 banking framework system.

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166 views3 pages

Accounts Part1

This document provides an overview and summary of accounts configuration in T24, including defining account parameters, types of accounts, account number formats, account input, account balances, account closure, account statements, and other related topics. It is intended to give readers a high-level understanding of the key aspects of configuring and managing accounts within the T24 banking framework system.

Uploaded by

lolitaferoz
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Table of Contents

Introduction 5
Purpose of this Guide 5
Intended Audience 5
Accounts Overview 6
Accounts Configuration Overview 7
ACCOUNT.PARAMETER 8
Types of Account 18
Client Account 19
Internal Account 23
Nostro Account 24
Defining Internal and Other Accounts - ACCOUNT.CLASS 25
Account Number Format 28
Client Account Number Format 29
Internal account number format 30
Multi Book 31
Multi Company 33
Single Company 35
Account input 37
Contingent Accounts 38
Set up of Contingent accounts 39
Customer Account Input 43
Multi Gaap Accounts 45
Nostro Account Input 46
Locking of Funds Blocked or Held Amounts 47
Credit checking (locked amounts) 48
Account Balances 50
EB.CONTRACT.BALANCES for an Account 52
Credit checking 54
Movements 55
Override Messages 56
Parameters 57
EB.AF.PARAM 58
EB.AF.PARAM.CHANGE 59
ACCOUNT, ACCT.GROUP.CONDITION and ACCOUNT.PARAMETER 60
Available Funds and Shared Balances 62
Rebuilding Available Funds 63
Account Closure 65
Example AC.PRE.CLOSURE.DETAILS 65
Example Account Closure 68
Example - Online Closure 71
Account Statements 73
Camt in T24 74
Prerequisites 75
Country Specific Camt Format 76
Camt Tags Supported by T24 77
Module Components 79
Camt Generation Process 91
Exception Handling of CAMT Messages 102

Archiving of XML Statement Related Tables 104


Configuring the Content of the Camt Message 105
Glossary of Terms 120
AC.STMT.PARAMETER - Defaults for Account Statements 121
ACCOUNT.STATEMENT - Statement Details for an Individual Account 123
Non Printing of Internal Account Statements 125
STMT.GEN.CONDITION 126
Swift MT942 127
IX Module Related Changes 129
Overview 130
Structure of a Camt Statement 131
Accounts Turnover Reversal 134
Account Violations 138
Limits 140
Accounts with Notice Periods 141
ACCT.GROUP.EVENT 142
Additional Rules for Groups of Accounts - ACCT.GROUP.CONDITION 143
Alternative Account Numbers 145
Change of Main Customer 147
High Volume Processing 148
Introduction to High Volume Account Performance 148
High Volume Accounts 149
Overview 149
When to Use High Volume Accounts? 149
Inactive Accounts 152
Payment Netting 154
Accounting for Net Payments 155
Payment Netting Setup 156
Setting up the Payment Netting Suspense Accounts 157
NETTING.PARAMETERS 159
NETTING.AGREEMENT 160
CREATE.NETTING 161
NETTING.ENTRY 162
NETTING Application 164
Posting Restrictions 166
Referral 168
Standard Settlement Instructions 169
Statement Print Mask 171
AC.PRINT.MASK 172
Suppression of Unnecessary Overrides 174
Unauthorised Entries for Accounts 175
US Regulation D Compliance 177
Accounts Deal Processing Overview 179
Internal Files 180
ACCT.ACTIVITY - History of Account Activity 181
ACCT.AVAILABILITY - History of Availability of Funds on Accounts 182
High Volume Accounts 183
HVT Parameterization 189
Unauthorised Entries for Accounts Example 193

ser Guide - Release R15.000 - Page 3 of 207


Trade Dated GL Balances 196
Trade Dated GL Balance for Credit Checking 197
Statement Processing 198
Services Overview 200
Enquiries and Reports Overview 201
Account Overdrawn 202
Overdraft Ageing 203
ACCT.OD.HIST 205
Enquiries and Reports Overview 206
Non Stop Processing Overview 207

Introduction
Purpose of this Guide
The Banking Framework User Guides provide a profound insight into the developments and changes to the Core Financial
Products and Core
Financial Services of T24.
Intended Audience
This Banking Framework User Guides are intended for T24 Customers and Internal Stakeholders to stay informed of the latest
developments
and changes on the Licensed Core Financial Products and Core Financial Services of T24, which are constantly revised and
upgraded to leverage
new technologies and new technical architectures.

Accounts Overview
The Account, Interest and Charges User Guide has been split into several parts to make finding the relevant information easier,
as follows:
This part is ‘Account’ and covers the setup and usage of the account application.
‘Interest and Charges’ , which covers the setup and calculation of interest and charges.
The following chapters ‘Cheque issue and Management’, ‘Account Sweeping and Multi Level Cash Pooling‘; ‘GWHT (German
With-Holding Tax)’
Refer to these user guides for further details:
The ACCOUNT module (and its Interest and Charges routines) caters to the creation, maintenance and control of all types of
accounts handled
by T24. It also provides:
l Calculation of interest on client accounts.
l Calculation of premium interest on client accounts.
l Calculationof charges relating to the maintenance and servicing of accounts.
l Pre-notificationof debit interest and/or charges on client accounts.
l Production of statements, overdraft and referal reports.
Accounts can be classified as one of the two types, client accounts or internal accounts. Client accounts are those owned by an
external customer such as current accounts, savings accounts and so on. Internal accounts are those owned by us, such as
suspense accounts.
There are no actual general ledger accounts in T24 to allow for accurate and detailed accounting analysis. Profit and loss
balances are not held
in an account, instead, consolidated balances and movements are kept at the lowest reporting level by use of specific category
codes, which are
used by all applications to record profit and loss entries. The usage of these ‘virtual’ general ledger accounts is explained in the
Reporting
chapter of the user guide.

Accounts Configuration Overview


The following pages will address:
l ACCOUNT.PARAMETER
l Types of Account
l Defining Internal and other accounts - ACCOUNT.CLASS
l Account number format
l Account Input
l Locking of Funds (Blocked or Held Amounts)
l Account balances
l Account Closure
l Account Statements
l Account Turnover Reversal
l Account Violations
l Accounts with notice periods
l ACCT.GROUP.EVENT
l Additional rules for groups of accounts - ACCT.GROUP.CONDITION
l Alternative Account Numbers
l Change of Main Customer
l High Volume Processing
l Inactive Accounts
l Limits
l Payment Netting
l Posting Restrictions
l Referral
l Standard Settlement Instructions
l Statement Print Masking
l Suppression of unnecessary overrides
l US Regulation D Compliance

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