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  • Open Nostro Account

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    Ram Mohan Mishra
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    The document outlines the process for opening a nostro account at a bank. It involves first checking if routing instructions already exist. If not, new instructions are created. Then the finance manager approves opening the nostro account and inputs the external account number. The account is authorized and created in the system. Finally, the statement frequency and type are checked and revised if needed, with the finance manager's authorization.

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    The document outlines the process for opening a nostro account at a bank. It involves first checking if routing instructions already exist. If not, new instructions are created. Then the finance manager approves opening the nostro account and inputs the external account number. The account is authorized and created in the system. Finally, the statement frequency and type are checked and revised if needed, with the finance manager's authorization.

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    © All Rights Reserved
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    15 views1 page

    Open Nostro Account

    Uploaded by

    Ram Mohan Mishra
    The document outlines the process for opening a nostro account at a bank. It involves first checking if routing instructions already exist. If not, new instructions are created. Then the finance manager approves opening the nostro account and inputs the external account number. The account is authorized and created in the system. Finally, the statement frequency and type are checked and revised if needed, with the finance manager's authorization.

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    © All Rights Reserved
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    of 1

    27/04/21 Open Nostro Account

    TEMENOS Banking Reference Processes


    Open Nostro Account Last change: 17-Mar-2021 12:05:15
    Type: EPC

    Nostro account
    Create Routing
    to be created
    Instructions

    AGENCY,INP Check if routing


    Finance Manager
    UT instructions exist Nostro account
    to be created

    Routing
    Routing
    instructions do
    instructions exist
    not exist

    Create Routing
    Instructions

    ACCOUNT,N Open Nostro


    Finance Manager
    OSTRO Account

    Input 'external account number'


    with the account number obtained
    rom the Nostro correspondent Bank

    ACCOUNT,A Authorise Nostro


    Finance Manager
    UTH account opening

    Create Nostro
    AC account

    SYS

    Nostro account
    created

    Check for
    Statement
    Finance Manager
    Frequency/ Type
    change

    Statement
    Statement
    Frequency/ Type
    Frequency/ Type
    change not
    change required
    required

    ENQ
    Revise Statement
    AC.LIST.MAIN Finance Manager
    Frequency/ Type
    T

    Frequency
    MT940/ MT950/ XML

    TAB Authorise
    AC.MAINT.AU Statement Finance Manager
    TH Frequency/ Type

    Update Statement
    AC Frequency/ Type

    SYS

    Statement
    Frequency/ Type
    revised

    Temenos R21 Proprietary & Confidential 1

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