Use the Account Creation service to create accounts for an existing Corporate Customer. The process generates a unique identity for the Corporate account known as the Account Number. The Account Number can be a combination of the CIF Number, the Account Class, the Currency, and any other alphabet(s) or number(s) of the account or currency as defined.

During account creation, you specify other parameters such as the Account category, primary currency of the account, Customer name, and more.

Authorization is required to activate the new account. When you create or modify an account, the system generates a notification message for the new or modified record.

Account Number - A single customer can have any number of accounts. The structure of the account number is defined in the customer account mask, maintained as an Account Parameter under Branch Parameters. The Account Number can be a combination of some or all of the following: customer code (CIF number), serial number, Account Class, and Currency, as defined in the Customer Account mask. The last part of the account number is always a system-generated alphanumeric check digit. You cannot change the relative position of the customer account constituent (defined in the mask) while maintaining the actual customer account.

Customer Number - You require the customer's CIF code to create an account. If the CIF number is part of the account mask, the system automatically defaults the customer CIF code in the appropriate field. If the CIF number is not part of the account mask, manually specify the customer CIF code. All valid customer codes are displayed in the adjoining option list. You can select the required one.

Customer Name - The customer name is displayed based on the customer CIF code specified.

Primary Currency - Specify the operating currency of the customer account. A list of all the currencies in the system appears in the available list. Select the applicable transaction currency for the account.

This topic contains the following subtopics:

• Account Creation
  This topic describes the systematic instructions to create an account for an existing customer.