Nostro account setup

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11 years 2 months ago #13300 by nirmal.mcc
Nostro account setup was created by nirmal.mcc
Hi,

Can anyone tell me the flow of NOSTRO.ACCOUNT updation in T24. Normally when we create the nostro account with 5000 category, upon committing the record, system will update the file called CCY.NOSTRO.ACCT under the CCY record. After that we can update the same in NOSTRO.ACCOUNT in order to use the same for remittance, or to use in FT.

In my case, system is not updating the CCY.NOSTRO.ACCT file after authorising the account.

is there any table or parameter i should update?

Regards,
Nirmal S

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  • jpb
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11 years 2 months ago #13304 by jpb
Replied by jpb on topic Nostro account setup
Writing an account to CCY.NOSTRO.ACCT is depending on LIMIT.REF = NOSTRO.

Normally this is hooked to the categories defined in ACCOUNT.CLASS = "NOSTRO".

Don't know what happens when you add / remove a CATEGORY from ACCOUNT.CLASS .. ;-)

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11 years 2 months ago #13318 by nirmal.mcc
Replied by nirmal.mcc on topic Nostro account setup
Hi Jpb,

Thanks for your information. I also found the same. we have the below setup should be in ACCOUNT.CLASS with the bank and Nostro account category. So when we open a nostro account / customer falls under the category specified in ACCOUNT.CLASS, system will consider it as a NOSTRO account and update the file CCY.NOSTRO.ACCT file under the respective CCY record. Hence we can update the same account in NOSTRO.ACCOUNT file manually. Then we can use the same in FT records and use the same account as a correspondent(AGENCY) record for the nostro remittance. Hope this helps.

Islamic Model Bank ACCOUNT.CLASS SEE

AC.CLASSIFICATION. NOSTRO
1. 1 GB DESCRIPTION. NOSTRO
2 RECORD.TYPE....... CLASS
3. 1 CATEGORY....... 5-001 Nostro Accounts - Banks
4. 1 SECTOR......... 3001 Banks -->Should be specified in customer.
3. 2 CATEGORY....... 5-001 Nostro Accounts - Banks
4. 2 SECTOR......... 3000 ***Banks
3. 3 CATEGORY....... 5-002 Nostro Accounts - Central Banks
4. 3 SECTOR......... 3000 ***Banks
3. 4 CATEGORY....... 5-000 *** Nostro
4. 4 SECTOR......... 3000 ***Banks
3. 5 CATEGORY....... 5-000 *** Nostro
4. 5 SECTOR......... 3001 Banks
3. 6 CATEGORY....... 5-002 Nostro Accounts - Central Banks
4. 6 SECTOR......... 3002 Central Banks
13 CURR.NO........... 2
14. 1 INPUTTER....... 6558_NIR
09 JAN 2013 05:01:04 USER (15 APR) NIR [4375,INPAGE 1 >>>2>>>
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