Frequently Asked Questions
Finance and Banking
| 1 | How can I amend/correct a FX deal that has matured/settled? Correction for matured FX deal, use TRS/Foreign Exchange. Enter the deal number to be corrected. When the form has been displayed, use mouse right-click and select ‘delete’ if removal is required, else amend as if the deal is not matured. The neccessary accounting adjustments will be produced and authorised for immediate ledger update. |
| 2 | How can I delete a FX deal? Remove a non matured FX deal, use TRS/Foreign Exchange. Enter the deal number to be deleted. When the form has been displayed, use mouse right-click and select ‘delete’. |
| 3 | What procedures can be used to review the application of cash in a company? Housekeeping processes are actioned to analyse the NOM bank accounts on a daily basis to record the current balances per department/currency/day. Equity (Variation and Original margins) are similarly analysed on a daily basis and department/currency/day records are secured. INTVAL can be used to review the details of a department and some charting procedures are available to review the performance of cash, variation margin and deposit. INTREP will produce interest reports and accounting records for any selected department/date range. The INTREP control information is maintained in the CLI ledger using the appropriate house (T) account e.g. Department 0610 should have a CLI account of 000610.T. |
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