Position Square

Dear Friends,

We are using T24 in multi-comopany environment and have multiple branches.

We want branches doesn't hold any FCY position. If they have any FCY position, it is required to settle with LCY. For that we are doing manual process by buying or selling position to Head office through debit/crediting in Inter Branch accounts and contra entry will be posted in Head office manually.

We are looking automated process for transferring FCY position to head office from branches and create required accounting entries.

I know, T24 doesn't support this features. So we need to develop locally and I believe that this can be achieved by COB routine.

Can anyone help me on this. Please.

Pranav

Hi Pranav,

I think you are looking for the accounting flow where you check the EOD balance of the Interbranch Account at branch level and transfer it to the same account maintained at the HO Level.

For example; the branch has a closing USD1M credit balance - the transaction will be;
DR USD Interbranch Account of the Branch
CR USD Interbranch Account of the HO

Sorry, can't help with the stage/batch of the COB where this would be most appropriate but my recommendation would be to do this before the Revaluation.