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TEMENOS T24 CHEQUE ISSUE & MANAGEMENT User Guide Information in this document is subject to

TEMENOS T24 CHEQUE ISSUE & MANAGEMENT

User Guide

Information in this document is subject to change without notice.

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 Holdings NV.

Copyright 2005 TEMENOS Holdings NV. All rights reserved.

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management

Table of Contents Overview

3

Set up

4

CHEQUE.TYPE

5

CHEQUE.STATUS

6

Setting up a charging structure for the issuing of cheques

7

Linking a transaction code to a cheque type

8

Issuing & Registering of Cheques

9

Presenting a Cheque

14

Re-presenting a cheque

14

Re-order Process

16

Issuing Bank Drafts

16

Stopped Cheques

16

SWIFT MT111

21

SWIFT MT112

22

Returned Cheques

22

Deal/Transaction processing

23

Deposited Cheque Collection

23

Transaction codes

23

Category Code

26

Category Codes and Interest Adjustments

27

Suspense Accounts

28

CQ.PARAMETER and ACCOUNT.PARAMETER

28

Bank Sort code

29

FT LOCAL CLEARING and FT BC PARAMETER

30

Cheque Collection

30

Cheque Batch

40

CHEQUE.CHANGE

45

CHEQUES RE-BATCH

46

Changing the status of Cheque’s in CHEQUE.BATCH

46

CHEQUE.COLLECTION accounting

47

Stock Management

47

STOCK.PARAMETER

47

STOCK.ENTRY

48

STOCK.REGISTER

49

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management

Overview

T24 provides functionality for banks that have requirements to manage the issuing and registration of cheques and bank drafts issued to their clients.

Banks can record requests for chequebooks ordered by customers and when these cheques are received from the vendors, issue them to the appropriate customer.

When a chequebook is issued to the client, the range of the cheque numbers will be recorded into a

cheque register.

Furthermore, when cheques are stopped or returned, this can also be recorded in

the cheque register. When cheques are presented, this is stored in a CHEQUES.PRESENTED file.

There is also the functionality to charge the client for the issuing of cheque books, for charges to be applied on the usage of cheques by the customers, and also a periodic charge for possession of a cheque book.

On the presentation of a cheque, the cheque register is consulted to confirm that:

The Cheque number is valid for the account on which it is drawn;

The Cheque has not been stopped by the client

Furthermore, the CHEQUES.PRESENTED file is also consulted to confirm that the cheque has not already been presented elsewhere.

When a cheque does not conform to the above rules, an override is requested. If the override is accepted the cheque may still be used.

On completion of the above transaction the cheque register and CHEQUES.PRESENTED file is updated with the last status on the cheque.

Banks can issue cheques and drafts drawn on them. Details for these are stored in a similar manner to customer cheques. Further details regarding the following could be obtained from the system if required.

The name of the client to whom the cheque/draft was issued.

The beneficiary of the cheque.

The amount and currency of the cheque.

The date and place of issue.

The cheque number.

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management

Set up

There are 2 parameter files which can be used for cheque processing; CQ.PARAMETER and ACCOUNT.PARAMETER. The system will first check the CQ.PARAMETER record, if the system does not find the required setting here it will check the ACCOUNT.PARAMETER record. However, not all of the functionality available on CQ.PARAMETER is available on ACCOUNT.PARAMETER.

on CQ.PARAMETER is available on ACCOUNT.PARAMETER . Example CQ.PARAMETER record TEMENOS T24 User Guide Page 4

Example CQ.PARAMETER record

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management
Cheque issue & Management ACCOUNT.PARAMETER for cheque processing To enable cheque-processing, the CHEQUE.REGISTER

ACCOUNT.PARAMETER for cheque processing

To enable cheque-processing, the CHEQUE.REGISTER field on the CQ.PARAMAETER or ACCOUNT.PARAMETER application needs to be set to a value of ‘YES’.

CHEQUE.TYPE

The first step towards issuing cheques on accounts is to set up a CHEQUE.TYPE record. This record will allow you to specify certain default parameters associated with a class of cheques.

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management
Cheque issue & Management Example CHEQUE.TYPE CHEQUE.STATUS The CHEQUE.STATUS record ‘90’ is delivered and is

Example CHEQUE.TYPE

CHEQUE.STATUS

The CHEQUE.STATUS record ‘90’ is delivered and is the default record. Additional

Various cheque status like

This will then be

Cheque request received, Cheque sent for printing, Issued etc can be maintained.

CHEQUE.STATUS records should be created within the range 01-99.

used to track the request in the CHEQUE.ISSUE application.

used to track the request in the CHEQUE.ISSUE application. Example of potential CHEQUE.STATUS records TEMENOS T24

Example of potential CHEQUE.STATUS records

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management
Cheque issue & Management CHEQUE.STATUS record Setting up a charging structure for the issuing of cheques

CHEQUE.STATUS record

Setting up a charging structure for the issuing of cheques

The user can set up the charging rules in the CHEQUE.CHARGE application to levy charges on cheques issued, cheques used, and also a periodic charge for having the cheque facility. FT.CHARGE.TYPE and FT.COMMISSION.TYPE can be used in this application in field CHARGE.CODE, the value in the field CHARGE.CODE must be a valid entry on either

FT.CHARGE.TYPE

CHEQUE.ISSUE application.

or

FT.COMMISSION.TYPE table and this has been linked to

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management
Cheque issue & Management Example CHEQUE.CHARGE Linking a transaction code to a cheque type In order

Example CHEQUE.CHARGE

Linking a transaction code to a cheque type

In order to invoke the processing that will validate cheques issued to a client account, a TRANSACTION record will need to be linked to the CHEQUE.TYPE. The transaction code used in the accounting entry raised for the cheque transaction must be linked into a CHEQUE.TYPE record for the system to perform the extra validation associated with cheque issue and management. An example of this has been illustrated as under:

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management
Cheque issue & Management Linking cheque processing to TRANSACTION code Issuing & Registering of Cheques Cheques

Linking cheque processing to TRANSACTION code

Issuing & Registering of Cheques

Cheques are issued to clients through the CHEQUE.ISSUE application.

linked to soft delivery by triggering delivery messages on cheque status change.

This application has been

Cheque issue & Management

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Cheque issue & Management
Cheque issue & Management Issuing cheques CHEQUE.STATUS REQUEST RECEIVED In the example above the client account

Issuing cheques CHEQUE.STATUS REQUEST RECEIVED

In the example above the client account 10178 has requested an issue of Cheques, of the cheque type ‘CURR’. The field CHEQUE.STATUS is used to keep track of cheque issue status. When entering CHEQUE.STATUS in CHEQUE.ISSUE the system will not allow a status less than the existing status for the record. Input of a new record is allowed for the account only when the cheque status is more than ‘90’ (i.e. issued). In the above example a status of 70 is REQUEST.RECIEVED.

Once the cheques have been issued

of 70 is REQUEST.RECIEVED. Once the cheques have been issued CHEQUE.ISSUE status ‘90’ issued TEMENOS T24

CHEQUE.ISSUE status ‘90’ issued

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management

The CHEQUE.REGISTER is updated as shown below:

Management The CHEQUE.REGISTER is updated as shown below: Example CHEQUE.REGISTER As seen in the figure above

Example CHEQUE.REGISTER

As seen in the figure above account number 10178 now has cheque 100001-100025 issued to it.

An additional request has been placed on the account 10178, in this example you can see that the client is being charged for the issue of these cheques.

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management
Cheque issue & Management Additional request for CHEQUE.ISSUE The CHEQUE.REGISTER is updated as below. TEMENOS T24

Additional request for CHEQUE.ISSUE

The CHEQUE.REGISTER is updated as below.

Cheque issue & Management

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Cheque issue & Management
Cheque issue & Management Example CHEQUE.REGISTER The history of charges debited under various stages and the

Example CHEQUE.REGISTER

The history of charges debited under various stages and the history of date of statuses will be stored in CHEQUE.CHARGE.BAL for reference by the Bank.

be stored in CHEQUE.CHARGE.BAL for reference by the Bank. Example CHEQUE.CHARGE.BA L for issue of cheques

Example CHEQUE.CHARGE.BAL for issue of cheques

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management

Presenting a Cheque

Once a cheque has been presented through FT, TELLER or DATA.CAPTURE, (the field

CHEQUE.NUMBER in the application must be input) the file CHEQUES.PRESENTED is updated

with the date that it was presented on. number.

The key to this file is the account number and the cheque

The key to this file is the account number and the cheque Re-presenting a cheque CHEQUES.PRESENTED

Re-presenting a cheque

CHEQUES.PRESENTED

The following screen shot depicts how the system responds when attempting to present a cheque already presented earlier to the system.

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management
Cheque issue & Management Cheque already presented This is because in the CHEQUES.PRESENTED file there is

Cheque already presented

This is because in the CHEQUES.PRESENTED file there is already a record of this cheque having been used. If we say ‘Yes’ to the override; the CHEQUES.PRESENTED file gets updated, and the REPRESENTED.COUNT field is updated.

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management
Cheque issue & Management CHEQUES.PRESENTED Re-order Process Cheques can be reordered manually using the CHEQUE.ISSUE

CHEQUES.PRESENTED

Re-order Process

Cheques can be reordered manually using the CHEQUE.ISSUE application as detailed previously or, during COB, the accounts that have reached the minimum holding level of cheques will be identified and new cheque issue records will be automatically created with status as defined by user. Banks can follow this record, for automatic delivery of chequebooks to customers as a re-order process.

Issuing Bank Drafts

Bank drafts and cheques issued by the bank may be registered using the same procedure as that detailed above, with the difference of using a Nostro account instead of a client account. Thus a new cheque type for bank drafts would need to be set up (with "Nostro accounts" as the category field), and a TRANSACTION record to be used when issuing drafts. The TRANSACTION record would have to have ‘CREDIT’ flagged in the DEBIT/CREDIT indicator (as opposed to debit for client cheques). No CHEQUE.CHARGE record would be required.

It should be noted that at present it is not possible to run a TELLER or FUNDS.TRANSFER deal where both sides of the transaction refer to TRANSACTION records where the CHEQUE.IND field is set to YES. In other words, it is not possible for a client to buy a registered bank draft, using their own registered cheques.

Stopped Cheques

The PAYMENT.STOP.TYPE application is used to enter different reasons for placing a stop. The following is an example of a typical PAYMENT.STOP.TYPE

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management
Cheque issue & Management Example PAYMENT.STOP.TYPE The PAYMENT.STOP table allows all payment stop instruct ions to

Example PAYMENT.STOP.TYPE

The PAYMENT.STOP table allows all payment stop instructions to be recorded. These are input against the account to which they relate. All stop instructions for one ACCOUNT number is maintained on the same record. The DATA.CAPTURE, TELLER and FUNDS.TRANSFER applications then use this record to validate against when processing a cheque.

Charges and taxes can now be collected for the stop payments recorded. Charges can be a valid charge or commission code from FT.CHARGE.TYPE or FT.COMMISSION.TYPE and can be defaulted from the PAYMENT.STOP.TYPE or can be defined by the user for the particular stop payment. If a tax is associated with these charges then the tax is also booked. When the WAIVE.CHARGE field is set to ‘NO’ or holds no value then the charges can be defaulted from the

above PAYMENT.STOP.TYPE.

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management
Cheque issue & Management Stopping a cheque When the payment stop record is authorised the details

Stopping a cheque

When the payment stop record is authorised the details of the charges and taxes collected are moved to a live file PAYMENT.STOP.BALANCES whose id is the same as the PAYMENT.STOP file.

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management
Cheque issue & Management PAYMENT.STOP.BALANCE record The field MOD.PS.CHQ.NO in PAYMENT.STOP can be used to

PAYMENT.STOP.BALANCE record

The field MOD.PS.CHQ.NO in PAYMENT.STOP can be used to revoke either a single cheque or a range of cheque numbers can be entered

a single cheque or a range of cheque numbers can be entered Revoking a PAYMENT.STOP The

Revoking a PAYMENT.STOP

The details of the revoked PAYMENT.STOP are populated in PAYMENT.STOP.HIST. The user will have the option to revoke the stop payment instructions for a particular cheque number or a range of cheque numbers at his discretion.

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management
Cheque issue & Management History of stopped payment The CHEQUES.STOPPED file as shown under: CHEQUES.STOPPED record

History of stopped payment

The CHEQUES.STOPPED file as shown under:

stopped payment The CHEQUES.STOPPED file as shown under: CHEQUES.STOPPED record for cheque no. 000005 Now when

CHEQUES.STOPPED record for cheque no. 000005

Now when an attempt is made to use a stopped cheque on a transaction the system responds with an override message that has been illustrated in the figure below:

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management
Cheque issue & Management Attempted presentation of a stopped cheque If the answer to this override

Attempted presentation of a stopped cheque

If the answer to this override were ‘Y’ then the FUNDS.TRANSFER record would record this message into its OVERRIDE fields.

SWIFT MT111

SWIFT message MT111 (Request for Stop Payment of a Cheque) can be produced from the

application EB.MESSAGE.111.

Cheque issue & Management

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Cheque issue & Management

Incoming SWIFT MT111 is processed using OFS.GLOBUS.MANAGER and a PAYMENT.STOP record is automatically created.

SWIFT MT112

SWIFT Message MT112 (Status of a request for Stop Payment of a Cheque) is produced from the PAYMENT.STOP application, via Soft Delivery.

Setting the field RAISE.ACTIVITY to ‘Yes’ will:

1. Allow input to be made in the following fields-

DATE.OF.ISSUE

ACTION.DATE

OUR.REFERENCE

MESSAGE.REC

PAYEE

ANSWERS

2. Populate the following system Delivery fields -

MT112.CHEQUE.NO

MT112.AMOUNT

3. Raise a Delivery Activity.

Inward MT112 will be directed to print by the system.

Returned Cheques

If a cheque is to be returned, then, by entering ‘YES’ in the RETURN.CHEQUE field on FUNDS.TRANSFER, it automatically returns a cheque, taking the payment from a return suspense account as set in either the CQ.PARAMETER or ACCOUNT.PARAMETER. The account that the transfer was originally to have been from is then stored in DRAWN.ACCOUNT, which is found on both

the FUNDS.TRANSFER and STMT.ENTRY applications. The ranges in CHEQUE.REGISTER

are maintained as normal.

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management

Deal/Transaction processing

Deposited Cheque Collection

The system handles the collection of deposited cheques; this is in addition to the normal method of clearing cheques. The cheque clearing system takes cheques entered through TELLER, FUNDS.TRANSFER or DATA.CAPTURE and creates a Cheque Collection Record for each cheque. The cheque collection record can be processed individually or through CHEQUE.BATCH, that groups batches of cheques together for processing. The processing caters for cheques deposited into the T24 bank that clear in a certain or uncertain number of days. For example foreign cheques may take an uncertain number of days to clear, with this functionality T24 can deal with this. While the cheques are waiting to be collected the funds are posted to a Suspense account. Upon the successful collection, the funds are then credited to the customer. If the cheque is returned then funds in suspense to are returned to a suspense account.

The cheque collection functionality is triggered by TRANSACTION codes. New transaction codes are created to indicate whether processing is required or not. After the new transaction codes have been created they are input onto the Account parameter record. For every transaction created through

FUNDS.TRANSFER, DATA.CAPTURE or TELLER, the system checks the CQ.PARAMETER

and ACCOUNT.PARAMETER record for the transaction code. If the transaction code is not found on the either record, the Cheque Collection processing is by-passed.

Transaction codes

New transaction codes must be created as a means of identifying the transaction to be processed through the cheque collection processing.

There are three methods of deciding which suspense account the funds go to for clearing and returns, the suspense category is either defined on the BC.SORT.CODE record, the CQ.PARAMETER or ACCOUNT.PARAMETER record with the transaction code. The transaction code decides where the funds should be posted, there are a minimum of three transaction codes required on the CQ.PARAMETER and ACCOUNT.PARAMETER record. A transaction code must be created for the Collection of Cheques, the Clearing of Cheques and the Return of Cheques. Multiple transaction codes can be set for each of the mentioned cheque actions. The CQ.PARAMETER and ACCOUNT.PARAMETER accepts multiple TRANSACTION codes as a unique transaction code

could be created for FUNDS.TRANSFER, DATA.CAPTURE and TELLER.

For example a cheque is deposited using a TRANSACTION code that is on the ACCOUNT.PARAMETER record, the transaction is then posted to the collection suspense account (as defined by the collection category code on the ACCOUNT.PARAMETER record) and a

CHEQUE.COLLECTION record is created.

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management
Cheque issue & Management Cheque deposited sent for collection transaction code TEMENOS T24 User Guide Page

Cheque deposited sent for collection transaction code

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management
Cheque issue & Management Example TRANSACTION record TEMENOS T24 User Guide Page 25 of 51

Example TRANSACTION record

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management
Cheque issue & Management Example TRANSACTION record The above example transaction codes will be used through

Example TRANSACTION record

The above example transaction codes will be used through the remainder of this manual. The transaction codes are entered onto the ACCOUNT.PARAMETER record and also used by the Teller Transaction codes.

Category Code

New CATEGORY codes will need to be created to enable the set up of the new suspense accounts. These category codes specify which suspense account the funds should be held in. The category codes can be defined on the CQ.PARAMETER, ACCOUNT.PARAMETER record and/or the Bank sort code record, the differences will be explained later on. There must be at least one category code for each transaction code. The category codes must be between the range of 10000 and 19999, thus defining them as internal accounts.

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management
Cheque issue & Management Cheque collection suspense category Category Codes and Interest Adjustments It is possible

Cheque collection suspense category

Category Codes and Interest Adjustments

It is possible through fields on the ACCOUNT.PARAMETER application to configure the CATEGORY codes used to book adjustments to the previous year and month, for all types of interest (Debit, Debit2, Credit and Credit2). At correction time of a previous capitalisation the system will compare the capitalisation date against the last FINANCIAL YEAR.END. In the COMPANY record and if the correction date falls in the last year the P&L adjustment will be posted to the last year category, if not it will be posted to this year. Debit interest adjustment categories must be in the range 51000 to 51999 and credit interest adjustment categories must be in the range 50000 to 50999.

adjustment categories must be in the range 50000 to 50999. Cheque categories ent ered onto the

Cheque categories entered onto the ACCOUNT.PARAMETER

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management

Suspense Accounts

Internal suspense accounts need to be created for each CATEGORY code. These internal suspense accounts are updated when the corresponding transaction codes are used in a transaction. As there are three main category types required so too is there a need to create a minimum of three internal Suspense accounts.

As the cheque progresses through the deposited Cheque Collection system, the funds move with it through the internal suspense accounts until the cheque is cleared. If the cheque is returned then the returned suspense account will contain the value of the returned cheque.

account will contain the value of the returned cheque. Cheque Collection Suspense Account CQ.PARAMETER and

Cheque Collection Suspense Account

CQ.PARAMETER and ACCOUNT.PARAMETER

Either the CQ.PARAMETER or ACCOUNT.PARAMETER record determines whether or not the deposited cheque collection functionality should be invoked. If the CQ.PARAMETER or ACCOUNT.PARAMETER record has the CHQ.DEP.TXN, DEF.COLL.SUSP, CHQ.COLL.TXN, CHQ.RTN.TXN and the DEF.RTN.SUSP fields entered then the deposited cheque collection functionality is invoked.

The system decides what processing to invoke by locating the transaction code in the transaction code fields (CHQ.DEP.TXN, CHQ.COLL.TXN and CHQ.RTN.TXN) on these records.

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management

If the TRANSACTION code is found the system then assigns a CATEGORY code to the transaction. The category code can come from three places; the BC.SORT.CODE record for the bank sort code used in the transaction, from the CQ.PARAMETER or ACCOUNT.PARAMETER record (transaction codes can have associated category codes).

(transaction codes can have associated category codes). Linking transaction codes with suspense categories Bank Sort

Linking transaction codes with suspense categories

Bank Sort code

Bank sort code records can be created with CATEGORY codes. The category codes are only used for suspense deposited cheque collection transactions if the ACCOUNT.PARAMETER record is set. If the ACCOUNT.PARAMETER record has been set, and a bank sort code is used by the transaction, the system will firstly check the sort code record for a category code to suspend the funds. If there is no CATEGORY code it will use the CATEGORY code from the

ACCOUNT.PARAMETER record.

Having the CATEGORY codes on the BC.SORT.CODE records allows the funds to be posted to individual suspense accounts for each bank.

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management
Cheque issue & Management Individual suspense accounts for a sort code FT LOCAL CLEARING and FT

Individual suspense accounts for a sort code

FT LOCAL CLEARING and FT BC PARAMETER

The FT.BC.PARAMETER and the FT.LOCAL.CLEARING files go hand in hand. If you need to create or modify the FT.BC.PARAMETER record then the FT.LOCAL.CLEARING record should also be checked and/or updated. For further information on the FT.BC.PARAMETER file and the FT.LOCAL.CLEARING file see the Funds Transfer and/or Local Clearing User Guides.

Cheque Collection

The cheque collection records are created through FUNDS.TRANSFER, DATA.CAPTURE and TELLER. The normal processing for these applications occur, however if the transaction code is found on the account parameter record the system will also create a cheque collection record. In Teller the TELLER.TRANSACTION code record contains the TRANSACTION code used in the contract, and in FUNDS.TRANSFER the FT.TXN.TYPE.CONDITION code record contains the transaction code used in the contract.

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management
Cheque issue & Management Incoming payment by cheque In the above example the FT.TXN.TYPE.CONDITION record IC

Incoming payment by cheque

In the above example the FT.TXN.TYPE.CONDITION record IC has a TRANSACTION code of 221 (Incoming Cheque Payment), therefore a cheque collection record has been created. For every Funds Transfer, Data Capture and Teller transaction created the system searches through the list of

TRANSACTION codes on the ACCOUNT.PARAMETER trying to locate the TRANSACTION

code of the deal. The field on the ACCOUNT.PARAMETER where the TRANSACTION code is found determines what processing is required for Cheque collection.

Normal account processing takes place on the transaction. In the example below you will see that the USD Nostro account has been debited $2500.00, while the internal suspense account has been credited with the $2500.00, the customer account has not been credited. The internal suspense account has been derived from the BC.SORT.CODE record 100000301123 which has a Collection suspense CATEGORY of 14820.10400.

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management
Cheque issue & Management Debiting the Nostro TEMENOS T24 User Guide Page 32 of 51

Debiting the Nostro

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management
Cheque issue & Management Crediting suspense On the credit STMT.ENTRY record the CHQ.COLL.ID CHEQUE.COLLECTION id

Crediting suspense

On the credit STMT.ENTRY record the CHQ.COLL.ID CHEQUE.COLLECTION id - Customer Account number

field

indicates

the

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management
Cheque issue & Management FWD.STMT.ENTRY raised by CHEQUE.COLLECTION record The record is now available for processing

FWD.STMT.ENTRY raised by CHEQUE.COLLECTION record

The record is now available for processing through CHEQUE.COLLECTION. The CHEQUE.COLLECTION record shows the cheques status. CHEQUE.COLLECTION records are created with a status of Deposited, this indicates a cheque has been entered into T24 and is waiting to be processed. Cheques can be processed individually in CHEQUE.COLLECTION or in batches through the CHEQUE.BATCH application (see Cheque Batch section).

A Cheque can be Clearing, Cleared or Returned. The cheque collection CHQ.STATUS field indicates

what status the cheque is at. Cheques are usually sent for Clearing, and can come back either

returned or cleared. The CHEQUE.COLLECTION record then has the CHQ.STATUS field changed

to the appropriate status.

The CHEQUE.COLLECTION record is processed through changing the CHQ.STATUS required status.

to the

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management

There are 4 different statuses:

DEPOSITED – When the cheque is initially deposited

CLEARING – This status indicates that the cheque has now been batched in the

CHEQUE.BATCH application

CLEARED – This status indicates that the funds on the cheque have been collected

RETURNED – This status indicates that the funds on the cheque could not be cleared and the cheque was returned

the cheque could not be cleared and the cheque was returned Cleared Cheque – CHQ.STATUS –

Cleared Cheque – CHQ.STATUS – DEPOSITED

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management
Cheque issue & Management CHQ.STATUS changed to CLEARED The cheque collection record with a CHQ.STATUS of

CHQ.STATUS changed to CLEARED

The cheque collection record with a CHQ.STATUS of cleared will create the following accounting entries. The accounting entries will credit the customer account and debit the internal suspense account completing the transaction. Note that no accounting entries are generated when the cheque status changes from deposited to clearing.

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management
Cheque issue & Management Debiting suspense TEMENOS T24 User Guide Page 37 of 51

Debiting suspense

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management
Cheque issue & Management Crediting customer Cheques can be returned by the other bank and this

Crediting customer

Cheques can be returned by the other bank and this result’s in the funds being transferred from the internal cheque collection suspense account to the returned cheque collection suspense account. The returned suspense account can be derived from the either the BC.SORT.CODE file, the

CQ.PARAMETER or the ACCOUNT.PARAMETER file.

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management
Cheque issue & Management Returned cheque Along with the normal accounting entries for the F U

Returned cheque

Along with the normal accounting entries for the FUNDS.TRANSFER there is the debiting of the cheque collection suspense account and the crediting of the returned cheque collection suspense account.

of the returned cheque collection suspense account. Accounting entries for returned cheque TEMENOS T24 User

Accounting entries for returned cheque

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management

Cheque Batch

CHEQUE.BATCH is the application that provides a method of clearing multiple deposited cheques. Cheques can be of varying currencies and denominations with the validation ensuring the entered total of each currency matches the calculated total for the batch. The cheques are then returned by the external banks and are either cleared or returned. The entire batch can be updated, or individual items can be updated.

CHEQUE.COLLECTION records can only be added to the CHEQUE.BATCH record if they have a status of Deposited, which will be changed to Clearing, as they are entered into the

CHEQUE.BATCH record.

The CHEQUE.COLLECTION record can be added in either by entering the CHEQUE.COLLECTION id's individually into the CHEQUE.BATCH record or they can be entered in a group by selecting a group from an ENQUIRY and then dropping the group into the CHQ.COLL.ID field. The later method of populating the CHEQUE.BATCH record automatically opens a new multi-value for each item in the group. This can be done using the standard Windows selection methods. Hold down the CTRL key, highlight the selected items with the mouse pointer, drag the selection to the CHQ.COLL.ID field then drop the selection into the field.

CHQ.COLL.ID field then drop the selection into the field. Creating a CHEQUE.BATCH The five items from

Creating a CHEQUE.BATCH

The five items from the enquiry that are highlighted are dragged to the CHQ.COLL.ID field, which expands. The cheque batch record will look as below:

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Cheque issue & Management
Cheque issue & Management Populated CHEQUE.BATCH The CHEQUE.BATCH application will update the status of all the

Populated CHEQUE.BATCH

The CHEQUE.BATCH application will update the status of all the CHEQUE.COLLECTION records on the batch automatically. The record will stay with a status of clearing until a cheque or all the cheques have been either cleared or returned.

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management
Cheque issue & Management Cheque in clearing If a CHEQUE.COLLECTION record is part of a CHEQUE.BATCH

Cheque in clearing

If a CHEQUE.COLLECTION record is part of a CHEQUE.BATCH, the status of the record can only be updated through the CHEQUE.BATCH application. In CHEQUE.BATCH it is possible to update the status of individual CHEQUE.COLLECTION records or to update the whole batch by changing the OVERALL.STATUS field to the desired status. Changing the overall status field will update every CHEQUE.COLLECTION record that currently has a status of clearing with the status entered in the OVERALL.STATUS field.

In the below example the cheque for USD 2000.00 is returned, the individual status of the CHEQUE.COLLECTION record has been updated leaving the status of all other CHEQUE.COLLECTION records unchanged. The returned cheque funds will be posted to the return Cheque Suspense account.

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management
Cheque issue & Management Returned cheque in CHEQUE.BATCH If the remaining cheques come back cleared then

Returned cheque in CHEQUE.BATCH

If the remaining cheques come back cleared then the OVERALL.STATUS can be updated to cleared, this will populate all remaining status fields that have a status of clearing to Cleared.

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management
Cheque issue & Management Mixed status cheques in a batch All CHEQUE.COLLECTION records on this CHEQUE.BATCH

Mixed status cheques in a batch

All CHEQUE.COLLECTION records on this CHEQUE.BATCH record that have a status of clearing have been set to ‘cleared’. Below is the CHEQUE.COLLECTION record that has been returned noting that this record has not been updated since the status had been set to ‘returned’.

updat ed since the status had been set to ‘returned’. Cleared cheque from batch TEMENOS T24

Cleared cheque from batch

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management
Cheque issue & Management Cheque in clearing from the batch CHEQUE.CHANGE Returned cheque from batch In

Cheque in clearing from the batch

issue & Management Cheque in clearing from the batch CHEQUE.CHANGE Returned cheque from batch In Outward

CHEQUE.CHANGE

Returned cheque from batch

In Outward clearing process, whenever clearing entries created through front ends like Teller, FT, DC etc, the system generates CHEQUE.COLLECTION records for each entry with details of the outward clearing. These CHEQUE.COLLECTION records can be grouped into a single batch according to requirements.

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management

By using the application CHEQUE.CHANGE, the following processes are supported:

All or selected Cheque Batches can be combined into a single batch. The ID of the new batch created will be displayed by the system. All the cheque collection records of the new batch will bear the new batch ID for future reference.

Cheque collection records or batches meeting a certain selection criteria, can be processed further; for RE-BATCH, or changing status to CLEARED/ RETURNED

Through the operation DATE.CHANGE it is possible to change the value/exposure dates of

i.e. change the entire CHEQUE.COLLECTION record to either a fixed absolute date

cheques.

or increment the respective dates by one more day or more using REAL dates (+01C or +01W).

An existing enquiry based on Cheque Collection or Cheque Batch also can be used for selection and further processing.

CHEQUES RE-BATCH

CHEQUE.CHANGE is used to select CHEQUE.COLLECTION records or CHEQUE.BATCH’S and groups them for further processing.

If CHEQUE.BATCH is selected as APP.ID and no further selections are made, all the open cheque batches will be grouped together. This will be useful at a Service Branch of the bank to combine the batches received from various branches and present them to Clearing House. The regrouped new batch ID will be displayed as a no input field in BATCH.ID.

Grouping of CHEQUE.BATCH’S can be done using the fields, SELECTION.FIELD, OPERAND and DATA.

On Verify mode, the process like RE.BATCH will be done.

Changing the status of Cheque’s in CHEQUE.BATCH

If the status of the individual cheques in CHEQUE.BATCH is required to be changed online and the accounting entries are to be processed this can be done through CHEQUE.CHANGE by inputting BATCH in OPERATION. The TSA.SERVICE record BNK/CHEQUE.PROCESS is then set to START and the service is run. This will update the status of the cheques in CHEQUE.BATCH and will process the entries online.

If any records in CHEQUE.BATCH are left in INAU and the service is run the cheques will be returned to their previous status.

The record in CHEQUE.BATCH will be purged and moved to history after all of the cheques included in the CHEQUE.BATCH record have been actioned based on the number of days in CB.POST.HIST setup in CQ.PARAMETER.

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management

CHEQUE.COLLECTION accounting

If the credit side transaction code of the TELLER.TRANSACTION relating to Clearing is defined in the CQ.PARAMETER, and the DEF.COLL.SUSP field is left blank, then the credit of CHEQUE.COLLECTION record will go directly to the customer account. Otherwise it will follow the usual path defined in either the CQ.PARAMETER or ACCOUNT.PARAMETER. The CHQ.DEP.TXN field in the CQ.PARMETER will not allow a value that has already been entered in the same field in the ACCOUNT.PARAMETER.

CHEQUE.COLLECTION records are created by the system for the full amount, without deducting charges. If the credit side transaction code matches the transaction code defined in ACCOUNT.PARAMETER or CQ.PARMETER under CHQ.DEP.TXN, and if YES is defined in the field DEFER.CHARGES in TELLER.TRANSACTION, then the charges defined at Teller level will be carried over to CHEQUE.COLLECTION record and will be processed at the time of regularising the credit as CLEARED or RETURNED. Otherwise the charges will be collected at the Teller entry level itself.

Stock Management

STOCK.PARAMETER

The STOCK.PARAMETER table holds information relating to ID component of STOCK.REGISTER, and the masking pattern of stock number.

The STOCK.PARAMETER application will only allow the set-up of the following records;

CHQ

BCHQ

DRAFT

FDR

CARD

It is possible to define the ID of the STOCK.REGISTER in a flexible way by specifying a value in the field STOCK.REG.ID. Once a value is defined here, it will be validated with the ID of the Stock Register.

For example, if COMPANY.CODE is specified in this field, then the system will validate for the presence of Company Code in Stock Register

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management
Cheque issue & Management STOCK.ENTRY record Input screen Example STOCK.PARAMETER record CHQ STOCK.ENTRY The

STOCK.ENTRY record Input screen

Cheque issue & Management STOCK.ENTRY record Input screen Example STOCK.PARAMETER record CHQ STOCK.ENTRY The

Example STOCK.PARAMETER record CHQ

STOCK.ENTRY

The STOCK.ENTRY is used to record inward/outward Printed stock of stationeries like Cheque’s, FDR's for both numbered and blank stokes. Through this application stock details like cheque type, series, start no, quantity and account no can be captured. Movement from one stock register to another can also be entered.

On input in the STOCK.ENTRY, system adds a record in a live file STOCK.REGISTER if the stock register id is valid as per STOCK.PARAMETER. It also forms the STOCK.SERIES based on STOCK.SERIES*STOCK.ACCT.NO*CHEQUE.TYPE. In STOCK.ENTRY; stock register id, stock

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management

series id, start no and quantity of stock are captured. Any movement from / to the stock register which has been input through STOCK.ENTRY, will update the STOCK.REGISTER.

STOCK.REGISTER

A live file is updated with total stock available for an “ID”.

STOCK.PARAMETER.ID *STOCK REG.ID.

The stocks are listed based on the

Below is an example STOCK.ENTRY record, which is using the STOCK.PARMATER record CHQ

in the above example

using the STOCK.PARMATER record CHQ in the above example Example STOCK.ENTRY RECORD Below is the system

Example STOCK.ENTRY RECORD

Below is the system generated STOCK.REGESTER record created by the above STOCK.ENTRY record SE035700003.

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management
Cheque issue & Management STOCK.REGISTER record created by previous STOCK.ENTRY When cheques are issued against an

STOCK.REGISTER record created by previous STOCK.ENTRY

When cheques are issued against an account, if the fields STOCK.REG and SERIES.ID are entered the field CHQ.NO.START is defaulted. The STOCK.REGISTER is also updated. In order for this to happen the field AUTO.REORDER.TYPE must be CHEQUE.NUMBER in the application

CHEQUE.TYPE.

must be CHEQUE.NUMBER in the application CHEQUE.TYPE . Example CHEQUE.ISSUE with STOCK.REG TEMENOS T24 User Guide

Example CHEQUE.ISSUE with STOCK.REG

Cheque issue & Management

Cheque issue & Management
Cheque issue & Management

Below the STOCK.REGISTER record has been updated

Below the STOCK.REGISTER record has been updated Example updated STOCK.REGISTER record TEMENOS T24 User Guide

Example updated STOCK.REGISTER record