Unable To Create Inter Company Settlements Using A Netting Center (Doc ID 880037.1)

Last updated on MARCH 08, 2017

Applies to:

Oracle Treasury - Version: 11.5.10
Information in this document applies to any platform.

Goal

Business Scenario:

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?

Solution

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