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Inter Company Funding Netting Center (Doc ID 886396.1)

Last updated on MARCH 08, 2017

Applies to:

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


(1). Scenario:

1. When you enter Inter Company Funding for Company:XYZUS and Inter Company Funding:XYZDE
Currency: USD, it errors when you try to find party account:

Company Profile for: XYZDE has Bank Account Details for: EUR/EUR

2. Works perfect when you define the Counterparty with bank account of the Company.

3. However, you have: 
XYZ De has one bank account in EUR 
XYZ UK has one bank account in GBP

But when you remit in US you remit in USD from the same bank as US has only USD bank account. How this can be achieved ?

(2). Another scenario: 

You have UK entity owing
say 1 Mln USD to US Entity
and 1 Mln EUR to DE entity 

When you want to settle you all settle using a netting center . Which means the netting center (say a SARL entity ) Therefore:

- 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 they in turn settle the same
to the US Entity and 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 us to complete the transaction unless we associate a USD bank account to the UK
entity. But physically these entity do not have a USD Account. You just have GBP Account.

You cannot add dummy accounts for each entity. How this can achieved with dummy accounts?


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