T24 USER Guide [SWIFT].pdf

User Manual SWIFT message generation from Temenos T24 CBS

Mercantile Bank Limited MBL, IT Division

Temenos T24 User Guide (SWIFT)

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Some assumptions for generating (creating) SWIFT message: 1. Users have knowledge about Trade Finance Operations in Temenos t24. 2. Users have knowledge about SWIFT operation. 3. It’s preferable to fill all fields; both mandatory and optional, especially in SWIFT fields. 4. Users should consult fellow colleagues or concerned officials while addressing any problem/difficulty during message generation. 5. Users must be utmost careful while generating of any message regarding duplication. 6. All transactions must be authorized before day end. 7. Ensure correctness of receiver of every message. 8. Users give more attention on marked fields. 9. After every transaction users should preview the SWIFT message before authorization. 10. All message preview procedures are same in face and nature. An example is given below for easy realization.

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Page# 2

Creation of Bank Customer: Purpose:  Advising Bank ID in Import LC  Presenter Bank ID for Import Document  Automatic BIC in Field 57(A) in MT700, etc. ** Avoiding creation of Duplicate Bank Customer (follow the mnemonic policy) Please go to the following menu to create a bank customer

Click MBL USER MENU> Corporate Operations> Trade Finance> TF Related Account> Create Bank Customer

Please fill up the all necessary fields, validate and commit the deal. After committing the deal check and authorize it.  MBL USER MENU> Corporate Operations> Trade Finance> TF Related Account> Auth/Delete Customer Please follow the mnemonic policy while creating a bank customer. *Mnemonic field takes maximum 10 characters input. To avoid duplication we will use SWIFT address as mnemonic, if SWIFT address of a bank Customer contains more than 10 characters, we have to construct a 10-character mnemonic. In this case, we have to take first 7 characters and last 3 characters of SWIFT Address. In this regard, please follow the IT (T24) Circular/Letter: ITD/INFORMATION LETTER NO. 05/2016

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Incorporate RMA List in Temenos T24:  DE.BIC  This application contains BIC data  DE.ADDRESS  This file contains the names and address of a bank's customers and also of each company within the banking organization.

DE.BIC: To create DE.BIC navigate the following menu Customer> Create DE.BIC

Write SWIFT code of the new bank and press ENTER. After that, fill the 3 marked field only, validate and commit the deal. After committing the deal check and authorize it.

DE.ADDRESS: The Delivery Address table (DE.ADDRESS) contains the name and address of bank customers. DE.ADDRESS comprises of; “Company” “.C-“ “Bank Customer “.SWIFT.1” Here, Company is the Head Office company ID(BD0010001) and Bank Customer are variable and other things are fixed. For example a new bank customer ID is 100879794. So, the delivery address ID will be “BD0010001.C-100879794.SWIFT.1”. Now write this ID in the blank field and ENTER.

Fill up only the marked fields. Then commit and authorize. MBL, IT Division


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Transfer through MT200: Menu Navigation: Transfer>AC/GL/PL Transfer>Transfer Through MT200

**Important Notes for MT200:  Debit & Credit Account – both are NOSTRO AC  Debit and Credit value date must be TODAY  Send SWIFT Message – If set ‘Y’ SWIFT message will be generated otherwise not generate. Preview of MT200:

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Page# 5

Transfer through MT202 (same as MT200):

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Page# 6

Instructions: Same as MT200 Preview of MT202:

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Page# 7

Issue of a Documentary Credit - MT700/MT701 (for all types): Go to the desired menu to issue an L/C then fill up all necessary fields with proper information. For example if we want to issue a BTB L/C then following steps should be followed. Menu navigation: Corporate Operations> Trade Finance> BTB/EDF LCs> Opening of BTB/EDF LCs> Opening BTB LC Usance

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Fill up all necessary fields, validate and commit the deal.

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Page# 9

After committing the deal to view the message, follow the below steps:

Preview of MT700:

Check all SWIFT fields and authorize the transaction. **In the case of other types of L/Cs like Cash & EDF, above procedure should be followed MBL, IT Division


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LC AMENDMENT MT707 (BTB): Important notes: Send Amendment Advice:  For External Amendment it will set as default “YES”. Result- SWIFT message will generate  For Internal Amendment it will set as default “No”. Result- SWIFT message not generated Amount Increase/Decrease  Auto Calculated from LC Amount and New LC Amount  Auto calculated number of amendment Menu navigation: Corporate Operations> Trade Finance> BTB/EDF LCs> Opening of BTB/EDF LCs> Maintenance of BTB/EDF LCs> External Amendment of BTB/EDF LCs

After amending necessary fields, validate and commit. MBL, IT Division


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Preview of MT707:

If preview message is seem to be OK then authorize the transaction. **In the case of other types of L/C amendment like Cash & EDF, above procedure should be followed

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Page# 12

BTB ACCEPTANCE GIVEN (MT754): Menu Navigation: MBL USER MENU> Corporate Operations> Trade Finance> BTB/EDF LCs> Acceptance of BTB/EDF LCs> Acceptance of Doc Under BTB LCs

After filling up all necessary fields commit the deal and authorize it.

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Page# 13

Preview of MT754:

**Important Notes:  Message will generate depending on the “presenter ID” fields. If this field is left blank then message will be sent to advising bank. Write Mnemonic of document presenting bank as per mnemonic policy.  Due date will be input manually in field 77A.  While previewing the message, make sure that the receiver SWIFT code is OK. If this code is not correct/not shown then contact with ID/IT

Refusal of Import Doc (MT734): Menu navigation: MBL USER MENU> Corporate Operations> Trade Finance>Import LCs>Lodge/Reject Disc Doc of Import LCs>Reject Disc Doc Under Import LCs

**Important Notes:  MT734 will generate at Drawing Type Cr  Field Discrepancies and Disposal of Doc Information are mandatory  In Tab “Documents” Presenter ID is required. MBL, IT Division


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Preview of MT734:

** Refusal of other import documents (EDF, BTB), same procedure should be followed.

Sight Payment (MT202): Menu Navigation: MBL USER MENU> Corporate Operations> Trade Finance> Payment of Import LCs> Sight Payment under Import LC

MBL, IT Division


Page# 15

**Important Notes:  Receiver Address will be generated from Credit Account  SWIFT value date used in MT202 as value date apart from transaction value date with a view to management of fund by International Division

Preview of MT202:

** In case of Sight payment of other import bills (EDF, BTB), same procedure should be followed.

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PAYMENT OF ACCEPTED BILL (MT202): Menu Navigation: MBL USER MENU> Corporate Operations> Trade Finance> BTB/EDF LCs> Payment of BTB/EDF LCs> Acpt Docs Payment under BTB LCs

Preview of MT202:

** In case of other accepted document payment of import bills, same procedure should be followed.

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Page# 17

Outward Remittances (MT 103): Navigation menu:

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After filling up all necessary fields, validate and commit the deal. After that view the message followed by the below steps:

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Page# 20

Preview of MT103:

Please check this preview and authorize it from the below mentioned menu: Authorization menu:

Important notes (MT103):  Debit Account – only own branch account will be used  Send SWIFT Message – If set ‘Y’ SWIFT message will be generated  Nostro bank (credit account)will be the receiver of this message  While previewing the message, make sure that the receiver SWIFT code is OK. If this code is not correct/not shown then contact with ID/IT MBL, IT Division


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Free Message (MT799): Please go to the following menu to send MT799 message. Menu Navigation: MBL USER MENU>Corporate Operations>Trade Finance>Miscellaneous SWIFT Messages>Outward Miscellaneous Messages>Send Free Format Message MT499/ MT999 (Choose Transaction >>Free Format Message MT499/MT799)

After committing the deal view the message: Copy FM reference number and pastes into the blank field then open it in view mode.

After opening in view mode, click delivery preview button and see the message:

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Page# 22

Important notes:  Write valid TF number in transaction reference field (if applicable)  While previewing the message, make sure that the receiver SWIFT code is OK. If this code is not correct/not shown then contact with ID/IT MBL, IT Division


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Check all the information, if found OK then authorize it from the below link Menu Navigation: MBL USER MENU>Corporate Operations>Trade Finance>Miscellaneous SWIFT Messages>Outward Miscellaneous Messages> Authorise/Delete Free Format Message

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T24 USER Guide [SWIFT].pdf

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