Nostro account transactions include generating statements automatically or manually and matching internal statement entries with external transaction statement entries.

An external account statement can be entered either manually or can be uploaded automatically. The details of an external account transactions can come in through the media types set up for a bank. External statements that have come in through SWIFT can be automatically uploaded.

Nostro reconciliation involves matching external transaction statement entries with the corresponding internal entries. In the manual process, select the external entries and indicate the matching internal entries. The sum of the amounts of the internal entries and the external entries must be the same. How a match is performed depends on the reconciliation type, Replication, or Mirroring of entries.

The following Nostro Account Transactions are available:

• Match Entries Automatically
  Automatically match external transaction statement entries with the corresponding internal transactions by following the instructions provided in this topic.
• Match Entries Manually
  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.
• Manual Statement Input
  Create and view Manual Statement Inputs by following the instructions provided in this section.
• Incoming Messages
  We often need to manually upload SWIFT messages despite most incoming messages being handled automatically to ensure accuracy, integrity, and compliance in the transaction workflow. Follow the instructions in this section to create and view Incoming SWIFT Messages. Follow the instructions in this section to create and view Incoming SWIFT Messages.