Introduction to T24 - Accounts

TEMENOS EDUCATION CENTRE

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purpose, without the express written permission of TEMENOS HEADQUARTERS SA Unauthorized
reproduction or distribution of this presentation or any portion of it, may result in severe civil and criminal
penalties, and will be prosecuted to the maximum extent possible under applicable law.” Information in this
document is subject to change without notice
Accounts – Product overview

Fixed
Interest
Customer Floating
Accounts
Charges

Account
Group level
level

Accounts Account
Closure

Statements

Internal
Accounts

Slide 2
Introduction

 Used to open and maintain accounts

 Movement of money through other applications

 Customer Accounts
 Interest and charges can be applied
 Counterparty essential
 Current/ Savings accounts and Nostro/ Vostro accounts

 Internal Accounts
 For bank’s own assets and liabilities
 Has no counterparty
 Not designed to calculate or apply interest and charges

Slide 3
ACCOUNT - Static Tables

CATEGORY
CURRENCY
CUSTOMER

ACCOUNT

RELATION DEPT.ACCT.OFFICER

Slide 4
Mandatory details

 Id
 Unique and 2 to 16 numeric characters
 Can be generated automatically

 Customer
 First Account holder
 Valid record in Customer

 Currency
 Valid currency ISO code
 Cannot be amended after authorisation

 Product code
 Category code used to differentiate types of accounts

Slide 5
Optional Details

 Account Mnemonic
 A memory aid for account ID

 Account Name
 Advisable to indicate Currency, Product and Customer name

 Short name
 Used as enrichment when Account is referenced

 Account officer
 Identifies the main Account officer responsible

 Joint account holder

 Used for indicating joint holder for account
 More than one joint account holder possible

Slide 6
Workshop - 1

 Use MB User Menu > Retail Operations > Account > Open Savings
Account LCY
 Open a Savings account in local currency for your individual Customer

 See the product code and currency defaulted

 Use Id of individual Customer created earlier. Input suitable values in

the Mnemonic, Account name and short name for the record

 Commit the record

 Before authorising, view the system defaulted fields

 Get the record Authorised

Slide 7
Workshop - 1 Solution

Slide 8
Workshop - 2

 Use MB User Menu > Retail Operations > Account > Open Savings
Account FCY
 Open a Savings account in GBP for your Customer
 Note that only product is defaulted now

 Use Id of individual Customer created earlier

 Give suitable details of Mnemonic and Account name

 Choose Account Officer and Other Officer from drop down

 Indicate Joint Holder relationship with an existing customer

 Choose Joint Relation Code from drop down

 Commit and get the record Authorised

Slide 9
Workshop - 2 Solution

Slide 10
Workshop - 3

 Use MB User Menu > Retail Operations > Account > Open Current
Account
 Open a USD Current account for your individual Customer

 Use Id of individual Customer created earlier

 Commit and get the record Authorised

Slide 11
Workshop – 3 Solution

Slide 12
Workshop - 4

 Use MB User Menu > Retail Operations > Account > Open Current
Account
 Open a USD Current account for your corporate Customer

 Use Id of Corporate Customer created earlier

 Choose Account Officer and Other Officer from drop down

 Commit and get the record Authorised

Slide 13
Workshop – 4 Solution

Slide 14
Nostro Account

 This is the mirror account of our Nostro account with another Bank
 Negative balance here indicates that our Balance at the other end is
positive

 Customer
 Should conform to ACCOUNT.CLASS definition for Bank

 Product Code
 Should conform to ACCOUNT.CLASS definition for Nostro
Version defaults 5001 Nostro Accounts – Banks
5002 Nostro Accounts – Central Banks can also be used

 Currency
 Should be our Nostro Account currency

Slide 15
Nostro Account

 Reconcile Account
 Set to Y for NOSTRO Accounts
 Statements produced could be sent to our reconciliation department

 Reconciliation Tolerance
 To indicate tolerance amount for reconciliation

 External Acct No
 The actual Account number in the books of Correspondent Bank

Slide 16
Workshop - 5

 Use MB User Menu > Retail Operations > Account > Open Nostro
Account
 Open a Nostro account in USD

 Use Id of an existing Bank

 Indicate External Account as C123456.

 Choose Account Officer from drop down available

 Commit and get the record Authorised

Slide 17
Workshop – 5 Solution

Slide 18
Amendments in Accounts

 Possible to amend many details in an Account

 Currency cannot be changed

 Customer id can be amended

 Replacement can only be a joint holder

 Product code field can be amended from one to other

 All other fields like Account officer and Joint holding can be amended

Slide 19
Workshop - 6

 Use MB User Menu > Retail Operations > Account > Amend Account
 Amend the local currency Savings Account opened in Workshop –1

 Change the Account Officer

 Indicate another officer as Other Officer

 Indicate a Joint holder

 Commit and get the record Authorised

Slide 20
Workshop – 6 Solution

Slide 21
Account service conditions

 Preferential Service Conditions

 Interest, Charges, Statements

 Interest Types & Rates

 Interest application or capitalisation - When and at what frequency
 Debit and Credit rules
 Fixed and floating, Currency wise
 Level and Band
 Balance on which applicable

 Charges Types
 Interest related and Ledger fees

 Statement frequency

Slide 22
Account service conditions

 Group specific conditions

 Rules for interest and charges can be set for groups of accounts
 Savings account of US residents
 Current account of Software companies
 Savings account of Software professionals

 When an account is opened, system locates the group into which this
account falls

 Conditions set for the group applied to the account

Slide 23
Account service conditions

 Possible to set account level conditions

 Account maintenance used for

 Changing Account Statement frequency
 Setting Credit Interest conditions for an account
 Setting Debit Interest conditions for an account
 Setting frequency for Account capitalisation

 Id is the Account number and effective date

Slide 24
Workshop - 7

 Use MB User Menu > Retail Operations > Account > Account
Maintenance
 Use your LCY Savings Account
 Choose Account Maintenance option
 Choose Statement Frequency from the dropdown list
 Amend the statement frequency as once in two months

Slide 25
Workshop – 7 Solution

Slide 26
Workshop - 8

 Use MB User Menu > Retail Operations > Account > Account
Maintenance
 Use your LCY Savings Account
 Choose Account Maintenance option
 Choose Capitalisation Frequency from the dropdown list
 Set capitalisation of Debit interest monthly and Credit interest once in 2
months. Get the record authorised

 Use MB User Menu > Retail Operations > Account > Account
Maintenance
 Use your LCY Savings Account
 Choose Account Maintenance option
 Choose Credit interest from the dropdown list
 Set credit interest at 4% fixed interest on Minimum balance
 Get the record authorised

Slide 27
Workshop –8 Solution

Slide 28
Workshop – 8 Solution

Slide 29
Workshop – 8 Solution

1 2

Slide 30
Workshop - 9

 Use MB User Menu > Retail Operations > Account > Account
Maintenance
 Use your LCY Savings Account
 Choose Account Maintenance option
 Choose Debit interest from the dropdown list
 Debit interest at 5% on Daily balance.
 Attach 99 Default General charge in Charge key

 Use MB User Menu > Retail Operations > Account > Enquires
> Interest Enquires > Interest Rate Changes for an Account
 See the Account level interest rates for the next one month from today in
respect of the LCY savings account of your customer

Slide 31
Workshop – 9 Solution

Slide 32
Workshop – 9 Solution

Slide 33
Closure of Account

 Account closure could be done Online or during COB

 Closure date defaults to System date

 Can be a future date if the account is not closed on line

 Credit account is Mandatory

 Can be any other Customer or internal account

 Charges for closure

 Interest capitalised till closure date

Slide 34
Workshop - 10

 Use MB User Menu > Retail operations > Account menu > Account
Closure > Account Closure
 Close an account with credit balance
 Settlement account to be Local currency Savings account opened earlier
 Accept any overrides
 Commit and get the record Authorised

 Use MB User Menu > Retail Operations > Account > Enquiries > Entries
for Given dates
 Look at the details of accounting entries passed for the closed account

Slide 35
Workshop – 10 Solution

Slide 36
Workshop – 10 Solution

Slide 37
Quick Quiz

Please close your training materials. Answer true or false to the

following questions. Time allotted is 5 minutes.

1. It is possible to calculate and apply interest for internal accounts

2. Service conditions can be set up only for groups of accounts and not
for an individual account

3. Account closure is possible only during COB

4. Negative balance in Nostro account in our Books indicates that our

Bank owes money to the Bank where Nostro account is held

5. General charges can be applied only for Customer accounts

Slide 38
Enquiries

 Enquires available under four groups

 Account Details
 Account Entries
 Interest Enquires
 Locked , Inactive & Unpaid charges

 Account Search
 List of accounts with selection criteria

 Today’s Account Balance

 Today’s Account Balance of a customer.
 Can drill down to view the accounting entries for the day, entries since last
statement and Forward movements

Slide 39
Enquiries

 Entries for Today

 Details of accounting entries for the day.
 Can drill down to look into individual transactions

 Entries for Given dates

 Accounting entries for a given date and for an account.

 Balance on Statement Date

 Gist of statement for an account

 Average Account Balance

 Average account balances during a given period
 Account wise average debit, credit and zero balances

Slide 40
Enquiries

 Entries from Last Statement

 Entries from last statement for a given Account

 Interest Rate Changes for Account

 Interest rate changes in an account between a given start and end dates

 Locked Amounts showing details of amounts locked under various

dates

 Charges Unpaid
 Enquiry that allows the user to check on charges that are unpaid for an
account by selecting criteria Account no

Slide 41
Workshop – 11

 Look at the following enquiries

 Use MB User Menu > Retail Operations > Account > Enquires>Account
Entries >Today’s A/c Balance
 Use Local currency Savings account opened earlier

 Use MB User Menu > Retail Operations > Account > Enquires>Account
Entries > Average Account Balance
 Between 1st and 15th of last month

 Use MB User Menu > Retail Operations > Account > Enquires>Account
Entries >Entries for Today
 Use Local currency Savings account opened earlier

Slide 42
Workshop – 11 Solution

Slide 43
Workshop – 11 Solution

Slide 44
Workshop – 11 Solution

Slide 45
Customer Account links

Currency Dept/officer Category Customer

Joint holder
Relationship
ACCOUNT
Statement
Foreign exchange
Debit Interest
Loans and Deposits
Credit interest
Securities Capitalisation

Slide 46
Summary

 You have learnt about

 Types of accounts

 Product features including interest, charges and statements

 Linkage to static tables

 Opening, closing and amending accounts

 Enquiries related to Accounts

Slide 47
Thank You

TEMENOS EDUCATION CENTRE

Warning: This document, is protected by copyright law and international treaties. No part of this document
may be reproduced or transmitted in any form or by any means, electronic or mechanical, for any
purpose, without the express written permission of TEMENOS HEADQUARTERS SA Unauthorized
reproduction or distribution of this presentation or any portion of it, may result in severe civil and criminal
penalties, and will be prosecuted to the maximum extent possible under applicable law.” Information in this
document is subject to change without notice