Introduction to Post-Closing

The Post-Closing application enables the posting of accounting adjustments and back-valued transactions to the current database, which can then be reflected in historic databases. In effect, this means that a financial period can be updated after the closing date of that period.

Databases are created to hold the closing general ledgers and background information for specified periods. These may be set to any period end position for the bank and is deemed as Open until officially closed by a member of the accounts or audit department. While month end positions are kept Open, backdated adjustments can be made through FUNDS.TRANSFER, DATA.CAPTURE, and Generic Accounting Interface (GAI) request where the accounting date can be specified. This adjusts both current reports and the reports based on open periods.

The Post-Closing module has been designed to aid in the maintenance of accurate accounts.

• GL line change to reflect sign change of Account balances, and GL Line balance, or opposite line with backdated adjustments.
• CRB (contract level balance) extract for the post-closing period(s) is not available.
• The post-closing period does not maintain the RE.STAT.LINE.BAL and RE.STAT.LINE.MVMT for post-closing adjustment
• Static changes to contracts and the CUSTOMER (for example, change of CATEGORY code and SECTOR code in the CUSTOMER) are allowed but do not cause adjustment to the post-closing figures.
• Post-closing transactions are reflected in the current LIMIT and COLLATERAL but are not reflected in LIMIT and COLLATERAL in the post-closing database.
• POSITION MANAGEMENT is not reproduced at period end dates and is not adjusted.
• Customer statements are not reproduced to show the period end position, adjustments are shown in the next statement.

• Forward cash flows of accounts are not available for the PC Period.

Illustrating Model Parameters

The model parameters for Post-closing are explained below:

Illustrating Model Products

Model Products are not applicable for this module.