Money Transfers

The system will automatically create transfers between cash instrument accounts where different bank accounts and/or Trading accounts are used and where transactions in different currencies require it. An administrator can generate the transfer by clicking on add.

From the Banking main menu -> Money Transfers -> Add

The system create different format files that can be used to execute the transfer

After the transfer has been done and the bank statements imported, match the entries on the to – and from instrument accounts

The transfer Status will be Done, with links to the relevant Instrument Accounts, Cash Transfer and Contribution Allocations.

When all required transfers are completed, the Dealer Instruction, in the case of an investment, can be created and the payment batch, in the case of a withdrawal.

Last Updated on 6 years ago by Tinus Burger