View Day End Statement – Other Bank Accounts

Introduction

Customers of the bank, be it retail users or corporate users, might want the statement of his or her other bank accounts in SWIFT format. It could be to feed into the ERP system or to transmit to somebody else in SWIFT format. To support such a request in Finacle e-Banking there is an option to view the day end balances of other bank accounts in MT940 and MT950 formats.

MT940 messages type is sent by one bank to another bank which has been authorized by the account owner to receive it. Whereas MT950 message type is sent by a bank to an account owner, which will be more detailed.

Note:

• If the user clicks on View Day End Statement button and the selected account doesn’t have inquiry access, system throws an exception stating 'Inquiry Access Not Allowed For The Selected Account'.

• The View Day End Statement button is clicked or Search button is clicked after specifying valid criterion and if there are no transaction details for the account selected, the system throws an exception stating  'No transactions were found for this account'.

• The View Day End Statement button is clicked or search button is clicked after specifying valid criterion and if there are no statement details for the account selected, the system throws an exception stating 'OB statement details not found'.

Navigation

• Click View Day End Statement link in the More Actions screen.

• The View Day End Statement  screen is displayed.

What you can do

The table below provides a brief description of the data that should be entered on the screen and the functions you can perform:

Field

Description

Account

Select the account for which the day end statement has to be generated in MT940 / MT950 format.

Statement Date

Select the statement date from the calendar lookup.

Note:

• Users can view statements within last ‘N’ number of days, where ‘N’ is a parameter. If the date selected by the user is earlier than the maximum number of days allowed, an error message as “Please select a date in the last N days” is displayed.

• MT940/MT950 statements can be generated only till the previous day. If the date selected is not prior to the current date, then the error message ‘Please select a past date’ will be displayed.

Statement Details

Account details

Note:

Account Details along with the SWIFT specific tags will be displayed in the following fields.

Statement Date (Tag 60a)

Displays the date for which the statement of accounts being displayed.

Statement Number (Tag 28c)

Displays the statement number.

Statement Reference Number (Tag 20)

Displays the reference number of the statement.

Related Reference Number (Tag 21)

Displays the related reference number of the statement.

Account Number (Tag 25)

Displays the account number for which the statement has been generated.

Additional Details (Tag 86)

Displays the additional details or remarks.

Opening Balance (Tag 60a)

Displays the opening balance of the account for which the statement has been generated.

Closing Balance (Tag 62a)

Displays the closing balance of the account for which the statement has been generated.

Closing Available Balance (Tag 64)

Displays the closing available balance of the account.

Forward Balance Details (Tag 65)

Note:

If the Forward Balance details are not available for the day selected, then the table  will be shown with the necessary headers and one empty row with the columns filled with double hyphen (--) to indicate that no information is available to be shown there.

As On Date

Displays the date on which the forward balances will be available.

Forward Available Balance

Displays the forward balances amount as of the specified date.

Transaction Listing (Tag 61)

Note:

Transaction Details along with the SWIFT specific tags will be displayed in the following fields.

Value Date

Displays the value date of the transaction of the account for which the statement has been generated.

Entry Date

Displays the transaction entry date of the account for which the statement has been generated.

Reference for Account Owner

Displays the transaction reference of the transaction. It will display the instrument ID, if it is instrument based transaction or payee details otherwise.

Note:

Click the hyperlink to view more details.

Category

Select the category from the drop-down list to categorize the transaction as part of personal financial management.

Amount Type

Displays the amount type as debit or credit. This will be indicated by Dr. or Cr. and appropriate symbol.

Note:

If the transaction is a reversal then the amount type indicated would be RC (Reversal of Credit) and RD (Reversal of Debit).

Amount

Displays the amount of the transaction along with the currency.

Transaction Split

Displays whether the transaction is a split transaction or not.