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  • Open Vostro Account

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    Ram Mohan Mishra
    8 views1 page
    This document provides the steps to open a vostro account. It first checks if routing instructions exist for the agency the account is being opened for. If they do not exist, new routing instructions are created. The finance manager then opens the vostro account and authorizes the account opening. The system creates the vostro account. It then checks if the statement frequency or type needs to be changed, and if so the finance manager revises and authorizes the changes, which are then updated by the system.

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    This document provides the steps to open a vostro account. It first checks if routing instructions exist for the agency the account is being opened for. If they do not exist, new routing instructions are created. The finance manager then opens the vostro account and authorizes the account opening. The system creates the vostro account. It then checks if the statement frequency or type needs to be changed, and if so the finance manager revises and authorizes the changes, which are then updated by the system.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    8 views1 page

    Open Vostro Account

    Uploaded by

    Ram Mohan Mishra
    This document provides the steps to open a vostro account. It first checks if routing instructions exist for the agency the account is being opened for. If they do not exist, new routing instructions are created. The finance manager then opens the vostro account and authorizes the account opening. The system creates the vostro account. It then checks if the statement frequency or type needs to be changed, and if so the finance manager revises and authorizes the changes, which are then updated by the system.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    27/04/21 Open Vostro Account

    TEMENOS Banking Reference Processes


    Open Vostro Account Last change: 17-Mar-2021 12:05:15
    Type: EPC

    Vostro account
    Create Routing
    to be created
    Instructions

    AGENCY,INP Check if routing


    Finance Manager
    UT instructions exist Vostro account
    to be created

    Routing
    Routing
    instructions do
    instructions exist
    not exist

    Create Routing
    Instructions

    ACCOUNT,V Open Vostro


    Finance Manager
    OSTRO Account

    ACCOUNT,A Authorise Vostro


    Finance Manager
    UTH account opening

    Create Vostro
    AC account

    SYS

    Vostro account
    created

    Check for
    Statement
    Finance Manager
    Frequency/ Type
    change

    Statement
    Statement
    Frequency/ Type
    Frequency/ Type
    change not
    change required
    required

    ENQ
    Revise Statement
    AC.LIST.MAIN Finance Manager
    Frequency/ Type
    T

    Frequency
    MT940/ MT950/ XML

    TAB Authorise
    AC.MAINT.AU Statement Finance Manager
    TH Frequency/ Type

    Update Statement
    AC Frequency/ Type

    SYS

    Statement
    Frequency/ Type
    revised

    Temenos R21 Proprietary & Confidential 1

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