Bank

All Treasury Functions inherently use one or more bank accounts that have to first be established on the Bank (BANK) reference page.

• Bank Account Type - A required indication of the type of bank for what can be just reporting information but more likely used to define departmental local bank accounts and the central concentration accounts by type – deposit or disbursement.

• ACH Immediate Origin - A required data value that is placed on the outbound ACH file created by the DTC Transmission process. A bank with a Local Department Bank Account Type needs to have this data before it can be designated as a Local Department Bank Account on Bank Department Combination setup.

• Sweep ACH Company Discretionary Data - A required data value that is placed on the outbound ACH file created by the DTC Transmission process. A bank with a Local Department Bank Account Type needs to have this data before it can be designated as a Local Department Bank Account on Bank Department Combination setup.

• Sweep ACH Company ID - A required data value that is placed on the outbound ACH file created by the DTC Transmission process. A bank with a Local Department Bank Account Type needs to have this data before it can be designated as a Local Department Bank Account on Bank Department Combination setup.

Features: Department-Based Local Bank Sweep