T24 Induction Business - Account

T24 Account
Release Date May, 2015

Agenda
T24 Accounts
01 Learning Objectives
02 Overview
03 Static Tables related to Accounts
04 Mandatory Details
05 Additional Details
06 Nostro Accounts
07 Main Parameter Tables
08 Account Balances
09 Amending Accounts
10 Account Service Conditions
11 Account Closure
12 Account Liquidation
13 Enquiries
Learning Objectives
T24 Accounts > Learning Objectives
Objectives
Overview
Linkage to Core Tables
Business Features
Importance of Account Application to other T24

Applications
Opening different types of Account and Preferential

Conditions
Agenda
T24 Accounts
02 Overview
06 Nostro Accounts
08 Account Balances
11 Account Closure
13 Enquiries
T24 Accounts
T24 Accounts > Overview
Fixed
Interest
Customer Floating
Accounts
Charges
Group Account
level level
Accounts Account
Closure
Statements
Internal
Accounts
T24 Accounts
T24 Accounts > Overview
 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
Agenda
T24 Accounts
02 Overview
06 Nostro Accounts
08 Account Balances
11 Account Closure
13 Enquiries
Static Tables
T24 Accounts > Static Tables related to Accounts
Category
Customer Currency
Account
DEPT.
Relation ACCT.
OFFICER
Agenda
T24 Accounts
02 Overview
06 Nostro Accounts
08 Account Balances
11 Account Closure
13 Enquiries
T24 Accounts
T24 Accounts > 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 in CURRENCY Table
 Cannot be amended after authorisation
 Product code
 Category code used to indicate type of account
Agenda
T24 Accounts
02 Overview
06 Nostro Accounts
08 Account Balances
11 Account Closure
13 Enquiries
T24 Accounts
T24 Accounts > Additional 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
Open a Savings Account in Local Currency
Menu Navigation
Workshop
Use User Menu > Account > Open Savings Account

 Open a Savings account in local currency for your individual
Customer
Instructions
 See the product code and currency defaulted. If default value is

not found, set product code to 6001 and currency to USD
 Use Id of individual Customer created earlier. Input suitable

values in the Mnemonic, Account Name and Short Name for
the record
 Commit the record and view the system defaulted fields
 Get the record Authorised

Solution - Open a Savings Account in Local Currency
Workshop
Open a Savings Account in Foreign Currency
Menu Navigation
Workshop
Use User Menu > Account > Open Savings Account

 Open a Savings account in GBP for your Customer
 Note that only product is defaulted now
Instructions
 Use Id of individual Customer
 Give suitable details for Mnemonic and Account name
 Choose Account Officer and Other Officer from drop down
 Commit and get the record Authorised

Solution - Open a Savings Account in Foreign Currency
T24 Accounts > Additional details
Workshop
Open a Current Account
T24 Accounts > Additional details
Menu Navigation
Workshop
Use User Menu > Account > Open Current Account
Instructions
 Use Id of individual Customer
 Give suitable details for 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

Solution - Open a Current Account
Workshop
Agenda
T24 Accounts
02 Overview
06 Nostro Accounts
08 Account Balances
11 Account Closure
13 Enquiries
Nostro Accounts
T24 Accounts > Nostro Accounts
 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 and 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 the Currency of our Nostro Account
Nostro Accounts
 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
Open a Nostro Account
Menu Navigation
Workshop
Use User Menu > Account > Open Nostro Account

 Open a Nostro account in GBP
Instructions
 Use Id of an existing Bank
 Indicate External Account as GB123123
 Choose Account Officer from drop down

Solution - Open a Nostro Account
Workshop
Agenda
T24 Accounts
02 Overview
06 Nostro Accounts
08 Account Balances
11 Account Closure
13 Enquiries
Main Parameter Tables
T24 Accounts > Main Parameter Tables
 CONDITION.PRIORITY
 ACCT.GEN.CONDITION
 ACCOUNT.PARAMETER
Parameter
Tables
 ALT.ACCT.PARAMETER
 ACCOUNT.CLASS
 Will be dealt in the Advanced level course

Agenda
T24 Accounts
02 Overview
06 Nostro Accounts
08 Account Balances
11 Account Closure
13 Enquiries
Account Balances
T24 Accounts > Account Balances
 Possible to check balances of an account in the

application called EB.CONTRACT.BALANCES
 The following balances of an account are

updated:
 Open Actual
 Online Actual
 Open Cleared
 Online Cleared
 Working Balance
 The ID for the application is the respective

account number
Account Balances
 Below is a sample record from EB.CONTRACT.BALANCES

Post-it
Post-it
In older release balances are also
stored on the account record. For
upgrading clients there is an
option to retain them there. For
new R15 implementations
balances only stored on
EB.CONTRACT.BALANCES
 Another method of checking the balance of an account:

 Customer application > Give the id of the customer > More Actions
> Account List
Account Balances
Open Actual Online Actual Open Cleared Online Cleared Working
Contains the Actual (uncleared) Balance or 'Ledger Balance' of the Account as at the
start of the day.
Similar to actual balance at the start of day (Open Actual Balance) + the value of all
fully Authorised entries since the start of day.
Contains the Cleared Balance of the Account as at the start of the day. This includes
the value of all entries over the Account except any credit entries or reversal debit with
Exposure Dates in the future.
Contains the current Cleared Balance of the Account. Similar to cleared balance at the
start of day (Open Cleared Balance) + the value of all fully Authorised entries since the
start of day, except any credit or reversal debit entries with future Exposure Dates.
Contains the present balance of the Account which is used for checking by the Limits
System etc. For Customer Accounts, it is updated by debit entries when they are
Validated and by credit entries when they have been fully Authorised
Account Balances
Debit your
Credit youraccount
account Unauthorised Authorised
today = $1000
$ 2000 1000 1000
2000 2000
After the COB process, actual
balances get updated for the
next day
No change in balance
Open Actual 10 00
Online Actual -1
1000
Open Cleared 10 00 Your Account Balance
Online Cleared Today
1000
-1
Working Balance -1
10 00
Agenda
T24 Accounts
02 Overview
06 Nostro Accounts
08 Account Balances
11 Account Closure
13 Enquiries
Amending Accounts
T24 Accounts > Amending Accounts
 Possible to amend many details in an Account
 Currency cannot be changed
 Customer Id can be amended

 Replacement can only be with a joint holder
 Product code field can be amended from one to

other
 Other fields like Account officer and Joint

holding can be amended
Amending the Local Currency
Menu Navigation
Workshop
Use User Menu > Account > Amend Account
Instructions
 Amend the local currency Savings Account opened in first

Workshop
 Change the Account Officer
 Indicate another officer as Other Officer
 Indicate a Joint holder

Solution - Amending the Local Currency
Workshop
Agenda
T24 Accounts
02 Overview
06 Nostro Accounts
08 Account Balances
11 Account Closure
13 Enquiries
Account Service Conditions
T24 Accounts > Account Service Conditions
 Preferential Service Conditions

 Interest, Charges, Statements
 Interest Types & Rates

 Interest application or capitalisation - When and at what frequency
 Debit and Credit Interest rules
• Fixed and floating, Currency wise
Tired Interest rates at Level or Band
 Interest related and Leger operation related charges
 Statement frequency
 Monthly for Savings Accounts
 Weekly for Current Account
 Group specific conditions
 Rules for interest and charges can be set for groups of accounts
 Savings account of US residents to accrue interest at 3%
 Current account of Software companies to accrue interest at 0.5%
 Savings account of Software professionals to get 3%
 When an account is opened, system locates the group into which

this account falls
 Conditions set for the group applied to accounts under the group
 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

Amend the Statement Frequency
Menu Navigation
Workshop
Use User Menu > Account > Account Maintenance >

Account Maintenance
Instructions
 Use your LCY Savings Account
 Choose Account Maintenance option
 Choose Statement Frequency from the dropdown list
 Amend the statement frequency as once in three months on the

25th
Solution - Amend the Statement Frequency
Workshop
Amend the Capitalisation Frequency
Menu Navigation
Workshop
Use User Menu > Account > Account Maintenance
Instructions
 Choose Capitalisation Frequency from the dropdown list
 Set capitalisation of Debit interest monthly and Credit interest

once in 2 months. Get the record authorised
Solution - Amend the Capitalisation Frequency
Workshop
Amend Account Credit Interest
Menu Navigation
Workshop
Use User Menu > Account > Account Maintenance >

Account Maintenance
Instructions
 Choose Credit interest from the dropdown list
 Set credit interest at 4% fixed on Minimum balance
 Get the record authorised

Solution - Amend Account Credit Interest
Workshop
Amend Interest Rates
Menu Navigation
Workshop
Use User Menu > Account > Account Maintenance> Account

Maintenance
Instructions
 Choose Debit interest from the dropdown list
 Debit interest at 5% on Daily balance
 Attach 99 Default General charge in Charge key

Solution - Amend Interest Rates
Workshop
Enquiry an Interest Rate
Menu Navigation
Workshop
Use User Menu > Account > Interest Enquires > Interest
Rate Changes for an Account
Instructions
 See the Account level interest rates for the next one month from
today in respect of the LCY savings account of your customer
Solution - Enquiry an Interest Rate
Workshop
Agenda
T24 Accounts
02 Overview
06 Nostro Accounts
08 Account Balances
11 Account Closure
13 Enquiries
Account Closure
T24 Accounts > Account Closure
 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

Account Closure - Simulation
 AC.PRE.CLOSURE.DETAILS can be used to simulate account

closure
 No Accounting Entries are raised
 It is for information only
 ID is the account number
 Record has to be Verified
 Details provided
 Accrued Interest todate
 Standing orders Y/N?
 Uncleared Entries Y/N?
 Errors to prevent Closure
Close an Account with Credit Balance
Menu Navigation
Workshop
 Use User Menu > Account > Account Closure > Account
Closure
Instructions
 Close an account with credit balance
 Indicate a Settlement account that should be in same currency
 Accept overrides, if any

Solution - Close an Account with Credit Balance
Workshop
Check the Accounting Entries for the Closure
Menu Navigation
Workshop
 Use User Menu > Account > Account Entries > Entries for
Given dates
Instructions
 Look at the details of accounting entries passed for the closed

account
Solution - Check the Accounting Entries for the Closure
Workshop
Agenda
T24 Accounts
02 Overview
06 Nostro Accounts
08 Account Balances
11 Account Closure
13 Enquiries
Liquidation Accounts
T24 Accounts > Account Liquidation
 Charges , interest can be recovered for an account

from other accounts
 The accounts from which recovery made are called

liquidation accounts
 Liquidation Accounts can be different for debit interest

and credit interest.
 Contracts require liquidation accounts for settlement

of charges ,interest and principal
Agenda
T24 Accounts
02 Overview
06 Nostro Accounts
08 Account Balances
11 Account Closure
13 Enquiries
Enquiries
T24 Accounts > Enquiries
 Enquires available under four groups

 Account Details
 Account Entries
 Interest Enquiries
 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
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
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 as Account no
Today’s Account Balance
Menu Navigation
Workshop
 Use User Menu > Account > Account Entries > Today’s
Account Balance
Instructions
 Use any Current account

Solution - Today’s Account Balance
Workshop
Average Account Balance
Menu Navigation
Workshop
 Use User Menu > Account > Account Entries > Average
Account Balance
Instructions
 Check the Average Account Balance for Account 10944

 Between 1st of January and 1st of May 2015
Solution - Average Account Balance
Workshop
Entries for Today
Menu Navigation
Workshop
 Use User Menu > Account > Account Entries > Entries for
Today
Instructions
 Use the contra account you used for the account closure earlier
Solution - Entries for Today
Workshop
Customer Account Links
Currency Dept/officer Category Customer
Joint holder
Relationship
ACCOUNT
Statement
Foreign exchange
Debit Interest
Loans and Deposits
Credit interest
Securities Capitalisation
Quiz
T24 Accounts
1. It is possible to calculate and apply interest for internal

accounts. False
2. Service conditions can be set up only for groups of

accounts and not for an individual account. False
3. Account closure is possible only during COB. False
4. Negative balance in Nostro account in our Books indicates

that our Bank owes money to the Bank where Nostro
account is held. False
5. General charges can be applied only for Customer

accounts. True
What Did We Learn?
T24 Accounts
Conclusion
Types of accounts
Product features including interest, charges and statements
Linkage to static tables
Opening, closing and amending accounts
Enquiries related to Accounts

Contact Us
For training Enquiries
university@temenos.com
Thank You
NOTICE
These training materials are the copyrighted work of Temenos Headquarters SA and other companies in the TEMENOS group of companies (The Copyright Owner). The
training materials contain protected logos, graphics and images. Use of the training materials is restricted solely for use by licensed end users, partners and employees.
Any un-licensed reproduction by any means, redistribution, editing, transformation, publishing, distribution, or public demonstration of the training materials whether for
commercial or personal gain is expressly prohibited by law, and may result in severe civil and criminal penalties. Violators will be prosecuted to the maximum extent
possible. Such training materials shall not be represented, extracted into or included in part, or in whole, as part of any other training documentation without the express
permission of the Copyright Owner, which must given in writing by an authorised agent of the Copyright Owner to be valid. Where such permission is given a clear and
prominent notice must be displayed on any and all documentation accrediting the Copyright Owner with having copyright over the materials. End-user licenses will in no
event contain permissions extending the use of these training materials to third parties for commercial training purposes.
Without limiting the foregoing, copying or reproduction of the training materials in part or in whole to any other sever or location for further reproduction or redistribution is
expressly prohibited, unless such reproduction is expressly licensed by the Copyright Owner.
Copyright © 2010 Temenos Headquarters SA

T24 Induction Business - Account

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

T24 Induction Business - Account

Uploaded by

Copyright:

Available Formats

T24 Account

Release Date May, 2015

Linkage to Core Tables

Importance of Account Application to other T24

Opening different types of Account and Preferential

 Used to open and maintain accounts

 Joint account holder

Use User Menu > Account > Open Savings Account

 See the product code and currency defaulted. If default value is

 Use Id of individual Customer created earlier. Input suitable

 Commit the record and view the system defaulted fields

 Get the record Authorised

Use User Menu > Account > Open Savings Account

 Use Id of individual Customer

 Give suitable details for Mnemonic and Account name

 Choose Account Officer and Other Officer from drop down

 Commit and get the record Authorised

Use User Menu > Account > Open Current Account

 Use Id of individual Customer

 Give suitable details for Mnemonic and Account name

 Choose Account Officer and Other Officer from drop down

 Indicate Joint Holder relationship with an existing customer

 Commit and get the record Authorised

 This is the mirror account of our Nostro account with another

 Customer and Product Code

Use User Menu > Account > Open Nostro Account

 Use Id of an existing Bank

 Indicate External Account as GB123123

 Choose Account Officer from drop down

 Commit and get the record Authorised

 Will be dealt in the Advanced level course

 Possible to check balances of an account in the

 The following balances of an account are

 The ID for the application is the respective

 Below is a sample record from EB.CONTRACT.BALANCES

 Another method of checking the balance of an account:

Open Actual Online Actual Open Cleared Online Cleared Working

 Possible to amend many details in an Account

 Currency cannot be changed

 Customer Id can be amended

 Product code field can be amended from one to

 Other fields like Account officer and Joint

Use User Menu > Account > Amend Account

 Amend the local currency Savings Account opened in first

 Change the Account Officer

 Indicate another officer as Other Officer

 Indicate a Joint holder

 Commit and get the record Authorised

 Preferential Service Conditions

 Interest Types & Rates

 Interest related and Leger operation related charges

 Group specific conditions

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

 Possible to set account level conditions

 Account maintenance used for

 Id is the Account number and effective date

Use User Menu > 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 three months on the

Use User Menu > Account > Account Maintenance

 Use your LCY Savings Account