Bahrain EOD/EOM/EOY

Presentation By

Surendra Prasad

Introduction


EOD (End of the day) is one of the most critical activities which is required to perform everyday. While EOM (end of month)/EOY (End of the year) are done monthly and yearly. It is done to close and start a day/a month/an year in finacle.

Process


Before we start EOD/EOM/EOY make sure followings activities are done. CrossCross-Currency rates are updated in finacle, Inflow-Out flow tran has been Inflowpassed. BHD-INR reporting done and BHDentries passed. B2K files have been received from murex.

Process


Check for the Handover received from Bahrain branch. Check if other groups like COPS and GTSU are still working or they have done with their activities. Check FTI/AFI is clear. Both e and p option.

Process


Upload B2k file received from murex team. There are 2 b2K files uploaded daily FIMM and GL. Check both files are uploaded successfully in background of finacle. Post some of the un-posted part tran and unclear FTI again. Run PSE twice.

Process


Check SOLVAL and clear if any of the EOD check accounts has any balances. Park these balances from EOD check account to parking account (i.e. 5.484 and sl.bhd038 to sl.bhdinrd6) There are 2 other EOD check accounts. sl.bhdipp (ATM withdrawal ac) and sl.bhdiap. Park its balances in sl.bhdipo and sl.bhdiao.

Process


Some times TR accounts has balances also. also. To clear that ask DPC to run BBOTC. BBOTC. Most of the times balances gets clear after running BBOTC. BBOTC. If it does not get clear raise SR to I-Core support for exception marking for EOD and to clear these balances. balances. Again check and clear FTI/AFI. FTI/AFI.

Day End


Handover the system to DPC for ABH and EOD.

After ABH there will be pending entries in FTI. Clear these entries by posting them and again check SOLVAL for any balances in EOD check account. Clear it. Now Handover the system for EOD. DPC will confirm on mail once its done.

Month End


Everything will be same as done till 7th slide. We will handover for ABH only. After confirmation received from DPC that ABH is done. Clear FTI by posting pending entries. We will check some accounts whether interest run is done or not.

Month End


 

Call accounts has monthly interest run and savings has quarterly. Note down the balances of all 16 currencies settlement accounts in open office sheet before running EOMSWEEP. Run EOMSWEEP in finacle. After SWEEP run is done clear FTI again.

Month End


Take the balances of all settlement accounts after sweep run and calculate the difference of balances before SWEEP and after SWEEP with proper DR and CR. There is a format for SWEEP reporting. Report these balances to TMOG and branch treasury. Raise SR for Reporting. Check FTI and SOLVAL and Handover the finacle to DPC for EOD.

Year End


After EOMSWEEP completed we handover system to accounts team for trial balances. After receiving confirmation from accounts team we run PLSWEEP and again Handover the system to accounts team to take trial balance and check PLSWEEP has been run properly.

YEAR END


After receiving confirmation from accounts team we handover the finacle to DPC for EOD. Once EOD is done we receive confirmation mail from DPC. Checklist will be signed and stamp by maker and checker and filed.

Risks and Controls

     

R1 C1 R2 C2 R3 C3

Thank You