Download Clearing User Manual - Oracle Documentation

3.1.1
Maintaining Clearing Details of your Bank
For Oracle FLEXCUBE to handle clearing transactions, you have to capture clearing
information at the Head Office of your bank. This information would apply to all the branches
of your bank. You can maintain clearing-related information for your bank in the ‘Bank-wide
Parameters’ screen, invoked from the Application Browser.
In the Clearing Bank Code field, specify the code by which your bank is identified in the
Clearing Network you participate in. The code you specify for your bank in this screen has to
the same as that specified for your bank in the Clearing Bank Code Maintenance screen. In
addition to specifying the clearing code that identifies your bank, you have to specify a
“Routing Mask” for your bank. A mask defines the manner in which a Routing Number is
generated for your bank. It is on the basis of the routing number that Oracle FLEXCUBE
processes inward clearing transactions.
The following is a typical mask format: ‘BBBbbbSSS’, wherein, ‘BBB’ indicates the bank code,
‘bbb’ indicates the branch, and ‘SSS’ indicates the sector to which the branch belongs. On the
basis of the routing number, inward clearing transactions are routed to the appropriate branch
of your bank.
For more details about the Bank-wide Parameters screen, refer the Core Services user
manual.
3.1.2
Defining Sectors
In Oracle FLEXCUBE, you can identify specific geographical areas as ‘sectors’. A sector
encompasses the branches of the various banks in the geographical area.
As part of the maintenance required to process clearing transactions in Oracle FLEXCUBE,
you need to identify various sectors. You can do this in the ‘Sector Code Maintenance’ screen.
You can invoke this screen by typing ‘STDSECMN’ in the field at the top right corner of the
Application tool bar and clicking on the adjoining arrow button.
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