Introduction to Daily Matching

This document deals with the requirements of manually reconciling the list of over the counter transactions performed by bank branches of banks in China. The reconciliation requirements cover transactions performed over the counter both of which give rise to contingent (issuance of a bank guarantee for example) and non-contingent entries (collection of fees for the guarantee, for example).

The Temenos Transact solution contained in this document provides the ability for bank users:

• To define the kind of transactions that needs to be checked.
• To view these daily transactions, differentiated into contingent and non-contingent transactions for reconciliation.
• Bank users will be able to view detailed accounting entries for every online transaction done over the counter, not include any accounting entry generated during COB.
• Enable the user to define the content that needs to be displayed in the enquiry, in the exact items of enquiry can be parameterized.
• The contingent and non-contingent transactions will be displayed in separate enquiries enable the bank user to view the contingent (Off balance sheet items) and non – contingent (balance sheet items) and review them separately.
• The parameter can be set-up at the Master company level.
• Should enable the bank to classify certain items as exceptions that need not be displayed.
• Bank should be able to view inter-branch or inter-company transaction, all the accounting entries will be displayed in the input branch's enquiry.
• The enquiry should be sorted currency wise, and each kind of transactions will be sorted currency- wise with total and subtotal.

Click here to understand the terms and abbreviations used in this functionality.