Multi-Bank Settlement™
Carreker's Multi-Bank Settlement™
is a mainframe based, table-driven
batch system designed to create the
necessary transactions to clear items
and bank float between affiliated
correspondent banks and the settlement
bank, which is host to the central
processor site. Multi-Bank Settlement
is a table-driven system designed
to perform the following functions:
SETTLEMENT OF FUNDS
- Interbank Clearing (IBC)
- IBC provides transaction generation
for the buying and selling of
items between banks.
- Non-Processable Items (NPS)
- NPS provides for the creation
of suspense general ledger entries
for non-processable items.
- Hold Over Clearings (HOC)
- HOC allows the creation of general
ledger entries for IBC items
to be held over until the next
posting cycle.
- Work In Process (WIP)
- WIP provides for the creation
of end-of-day general ledger
entries representing work in process.
TRANSACTION GENERATION
Multi-Bank Settlement provides transaction
generation for the buying and selling
of items between affiliated banks.
SETTLEMENT OF FLOAT
Multi-Bank Settlement supports the
creation of the Settlement Summary
File.
REPORTS
Multi-Bank Settlement provides for
the creation of supporting reports
for bank reconciliation and float
research.
SETTLEMENT SUMMARY FILE
Multi-Bank Settlement supports the
creation of the Settlement Summary
File.
FLOAT TOTALS
Multi-Bank Settlement establishes
bank float total records for all
affected processing cycles and
banks.
END-OF-DAY REPORTING
Multi-Bank Settlement provides for
the creation of end-of-day settlement
and transaction reporting.
For more information about this solution, contact
Doug Halvorsen at 704.602.5335 or complete our Information
Request Form.
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