Last updated on MARCH 08, 2017
Applies to:Oracle Treasury - Version: 11.5.10
Information in this document applies to any platform.
You have UK entity center owing
say 1 Mln USD to US Entity
and 1 mln EUR to DE Entity
But when you want to settle you settle using a netting center . Which means the netting
center (say a SARL entity ) has:
UK entity (has only one bank in GBP) transfers 1 mln USD equivalent and 1 mln EUR to SARL entity.
And SARL Entity ( has multiple banks one with USD, EUR, GBP, etc) and you in turn settle the same
to the US Entity DE Entity etc.
For achieving this we created the following:
An Inter company funding transaction between UK and US for 1 mln USD. When you do this the system
does not allow you to complete the transaction unless you associate a USD bank account to the UK
entity. But physically you don't have a USD Account and just have only GBP Account.
You cannot add dummy accounts for each entity. How this can achieved without dummy accounts?
Sign In with your My Oracle Support account
Don't have a My Oracle Support account? Click to get started
Million Knowledge Articles and hundreds of Community platforms