Posting Restriction
Banks employ posting restrictions to regulate transactions in accounts. Posting restrictions are transaction-based rules that prevent transactions from being posted to an account for the purpose of operational control. A typical business case in which a bank uses a posting restrictions to regulate credits into an account is for non-resident accounts, where there may be restrictions on depositing local currency amounts into the account.
-
Update the account details to block or unblock the account by setting the posting restriction and to change the nick name of the account
-
Update the account details to block or unblock the account by setting the posting restriction and to change the nick name of the account
Account Sweep
Account Sweeps are a movement of funds from one virtual account to another targeting to maintain the defined minimum or maximum amount of account balances. With this functionality, you can set up balance sweeps among virtual accounts that are part of the same structure and currency. You can also perform sweeps among accounts in a cash pool group.
Define Sweep Type
POSTCreates sweep type for virtual accounts.
Amend Sweep
PUTAmend existing sweep setup for example the sequence , minimum and maximum amount
-
Creates the basic details of a group for a sweep. A group is a collection of accounts that are linked for cash pooling purposes
Create a Sweep
POSTCreates sweep with rules which will be checked against to see if a transfer of funds needs to be made from one account to another.
-
Amends the basic details of a group for a sweep. A group is a collection of accounts that are linked for cash pooling purposes.
-
Creates intra-day sweep for virtual accounts. This is used to run the cash pooling on-line if the group permits.