Follow the instructions in this topic to manually review and compare individual transactions or entries in the internal records with corresponding entries received from external entities such as correspondent banks holding the Nostro account. The manual matching process involves verifying transaction details, such as amount, currency, date, reference number, and counterparty information, to identify matches or discrepancies between the bank's records and the external statements or advice.

1. Click Nostro Account Transactions, and under Nostro Account Transaction, click Manual Matching, then click Initiate.
   The Initiate page displays.
2. Specify the details as described in the following table and Query for the required messages.

   Table 4-2 Field Description table

   Field	Description
   Reconciliation Product	Specify the Reconciliation Product used to reconcile the transaction entries during automatic reconciliation.
   External Entity	Specify the name of the entity sending the external entries.
   External Account	Specify the account code of the external Nostro account maintained by the external entity.
   Currency	Specify the operating currency of the external account.
   Match Type	A match type is assigned to entries during the automatic reconciliation process to indicate the quality or reliability of the match between entries. Select the match type from the following: Suggested - Finds the transactions that the application auto-matched but need manual confirmation. Unmatched - Finds the transactions that the application is unable to auto-match.

   1. Click Query.
      The statement message row(s) matching the specified fields display in the Messages section. By default, the unmatched balance entries display.

      Figure 4-2 Manual Matching - Initiate - Unmatched Entries

      
      

      
      Description of "Figure 4-2 Manual Matching - Initiate - Unmatched Entries"

      
      

      Table 4-3 Column Description - Unmatched Entries

      Column Name	Description
      Reconciliation Product	Displays the Reconciliation Product used to reconcile the transaction entries during automatic reconciliation.
      External Entity	Displays the name of the external entity sending the external entries.
      External Account	Display the account code of the external Nostro account maintained by the external entity.
      Currency	Displays Specify the operating currency of the external account.
      Unmatched Internal Entries	Displays the number of internal entries that could not be matched by the automatic reconciliation process.
      Unmatched External Entries	Displays the number of external entries that could not be matched by the automatic reconciliation process.
      Internal Unmatched Credit Amount	Displays the total amount of debit transactions in the internal records that are not successfully matched or reconciled with corresponding entries received from external entities, such as correspondent banks.
      External Unmatched Credit Amount	Displays the total amount of credit transactions received from external entities that are not successfully matched or reconciled with corresponding entries in the bank's internal records.
      Internal Unmatched Debit Amount	Displays the total amount of debit transactions in the internal records that are not successfully matched or reconciled with corresponding entries received from external entities, such as correspondent banks.
      External Unmatched Debit Amount	Displays the total amount of debit transactions received from external entities that are not successfully matched or reconciled with corresponding entries in the bank's internal records.

   2. To clear the selected fields and query again with new search details, click Reset.
   3. To view matched entries, click Matched.
      The Matched entry messages display.

      Figure 4-3 Manual Matching - Initiate - Matched Entries

      
      

      
      Description of "Figure 4-3 Manual Matching - Initiate - Matched Entries"

      
      

      Table 4-4 Column Description

      Column Name	Description
      Reconciliation Product	Displays the Reconciliation Product used to reconcile the transaction entries during automatic reconciliation.
      External Entity	Displays the name of the external entity sending the external entries.
      External Account	Display the account code of the external Nostro account maintained by the external entity.
      Currency	Displays Specify the operating currency of the external account.
      Internal Matched Balance	Displays the aggregate value of transactions within the bank's internal records for which corresponding external entries have been identified and successfully matched or reconciled.
      External Matched Balance	Displays the aggregate value of external transactions for which corresponding internal entries have been identified and successfully matched or reconciled.
      Internal Balance	Displays the total value or amount of transactions that have been matched or reconciled internally. The balance includes both debit and credit transactions that have been successfully matched, resulting in a net balance.
      External Balance	Displays the total value or amount of transactions that have been matched or reconciled externally. The balance includes both debit and credit transactions that have been successfully matched, resulting in a net balance.

   4. Select the required statement message row (matched or unmatched) and click Initiate.
      The Create New Manual Match <Application Number> page displays the Manual Match Entry screen.

      Figure 4-4 Create New Manual Match

      
      

      
      Description of "Figure 4-4 Create New Manual Match"

      
      

      Tip:

      Make a note of the Application Number. It is required to identify the task at the entry and approval stages in the matching process, in the Free Tasks page.

      The rows in the External Entry Details and Internal Entry Details sections are described in the following table.

      Table 4-5 Column Description table

      Column Header	Description
      Value date	Displays the value date of the internal or external transaction entry. For internal entries, it is the date on which the transaction is posted to the internal accounting ledger. For external entries, it is the date on which the funds are credited or debited to the Nostro account held at the correspondent bank or financial institution.
      Int. Ref. No	Displays the internal reference number provided to the transaction by a bank's internal system to track and manage transactions by a Nostro account.
      Ext. Ref No	Displays the external reference number for the transaction provided by an external entity, such as a correspondent bank or counterparty, to uniquely identify the transaction from their perspective.
      Dr/Cr	Displays if the transaction entry is for a debit or credit transaction.
      Amount	Displays the credit or debit transaction amount.

3. Choose one or more internal and external entries to match.
4. Click Match.
   The Selected Transaction page displays.

   Figure 4-5 Transaction Selected for a Manual Match

   
   

   
   Description of "Figure 4-5 Transaction Selected for a Manual Match"

   
   

   It lists the selected Internal Entries and External Entries to match and the Adjustment To Internal Entries sections.

   Note:

   You have to scroll down to see the Adjustment to Internal Entries screen.
5. Provide the details described in the following table.

   Table 4-6 Field Description

   Field	Description
   Adjustment Amount	This field is populated based on the difference in the internal and external amount entries.
   Adjustment Date	Specify the date on which the adjustment to the entries is to be posted.
   Adjustment Type	Select the adjustment type from the following: Currency Flux: Adjustment due to fluctuations in the currency. Other: Adjustment due to other reasons. For example, late fees, service charges, or the adjustment amount is zero.
   Description	Describes the adjustment type. This field is auto-populated.

6. Click Match with Adjustment.
   The Manual Match Entry tab displays.
7. Click Next.
   The Summary tab displays.

   Note:

   You can expand the summary tab to see the matched transaction details.
8. Click Submit.
   The Stage Movement Submission dialog displays for the new manual match entry.
9. Confirm the Overrides listed on this screen. Click Proceed Next.

   The Stage Movement Submission dialog displays the Checklist items.

10. Confirm the checklist items and click Proceed Next.

    The Stage Movement Submission dialog displays the Outcomes.

11. Select one of the outcomes from the drop-down.
    • Proceed: To proceed with the submission.
    • Reject: To reject the submission.
12. Click Submit.
    The account should be ready for entry if all the changes are verified successfully.
13. Click Task Management. Under Task Management click View Tasks Status.
14. Search the listed tasks for the application number of the new matching entry. This is the number noted down in Step 2.c. The Process Name must be Nostro Manual Matching and the Stage must be Manual Matching Application Entry.
15. Click Acquire and Edit.

    The Nostro Manual Matching Entry - <Application Number> page displays the Summary tab.

16. Verify the manual matches made. Make any changes if necessary.
17. Click Submit from the Summary screen.
    The Stage Movement Submission dialog displays.
18. Confirm the Overrides and Checklist items.
    The Stage Movement Submission dialog displays the Outcomes.
19. Select one of the outcomes from the drop-down.
    • Proceed: To proceed with the submission.
    • Cancel: To cancel the submission.
20. Click Submit.
    The manual match moves to the approval stage. The View Tasks Status displays.
21. Search the listed tasks for the application number of the new matching entry. This is the number noted down in Step 2.c. The Process Name must be Nostro Manual Matching and the Stage must be Manual Matching Application Approval.
22. Click Acquire and Edit.
    The Nostro Manual Matching APPRVL - <Application Number> page displays the Summary tab.
23. Click Submit from the Summary screen.
    The Stage Movement Submission dialog displays.
24. Confirm the Overrides and Checklist items.
    The Stage Movement Submission dialog displays the Outcomes.
25. Select one of the outcomes from the drop-down.
    • Proceed: To proceed with the submission.
    • Cancel: To cancel the submission.
26. Click Submit.
    The manual match is approved.