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gpireal-timeNostroProofofConceptItprovidesanoverviewoftheNostrofeaturesaswellasinstructionstocreateandmaintainaNostroaccountCan distributedledgertechnology(DLT)helpfinancialinstitutionsoptimisethereal-timeTheReconciliationManualofOracleFLEXCUBEisdesignedtoguideyou throughthereconciliationprocessThesystemcapturesallmirrorentriesfromvarioustransactions,allNostroentriesfromthedailyaccountstatementsDownload TheNostroReconciliationUserGuideassistsinunderstandingtheNostrofunctionalityofferedasapartoftheOracleBankingCorporateAccountsCloud ServiceTohelpyoufurtherunderstandthereconciliationprocess,asThemainobjectiveinautomatingnostroreconciliationisto:Identifythependingtransactions MaximizetheinterestrevenuefromexternalaccountsMinimizefinancialTheNostroReconciliationUserGuideassistsinunderstandingtheNostrofunctionality offeredasapartoftheOracleBankingCorporateAccountsCloudServiceAudienceAurionpro’sNostroReconisapowerfulandflexibleNostroReconciliation solutionthatallowsbankstoautomatetheNostroReconciliationprocessandpromptlyresolvealloutstandingitems.Itprovides4, NOSTROandVOSTRO reconciliationinvolvescomparingthetransactionsandbalancesinabank'sNOSTROaccountwiththecorrespondingtransactionsandICSBANKS®Nostro ReconciliationSystemprocessesacomparisonandmatchesfiguresofaccountingrecordsagainstthoseshownonabankstatement,asaresult;anynostro reconciliationinbank/2nostroreconciliationinbankNostroreconciliationinbank[PDF]bankreconciliationdefinitionexampleofbankreconciliationwhatisa bankreconciliationstatementandhowisitdonehowtodoabankreconciliationstepbystepforbesbankreconciliationpurposeexampleprocessTohelpbanks intheireffortstoimprovetheiroperationalcontrols,thispaperexaminesallpartsoftheForeignExchangetradingprocesstradecapture,confirmation,payment netting,settlement,reconciliation,andaccounting/financialcontrol–whichareequallyapplicabletobothinternalandexternaltradingNostroReconciliationinvolves managinglargevolumesofdatafromvarioussources,standardizingdataformats,automatingmatching,handlingexceptions,andgeneratingcomprehensivereports. BestPracticenoUseReal-TimeNostroBalanceProjectionsBestPracticenoUseElectronicMessagesforExpectedReceiptsBestPracticenoUseCanblockchain pavethewayforreal-timeNostroreconciliationandliquidityoptimisation?HerearethekeychallengesassociatedwithNostroreconciliationNostro ReconciliationProcessDescriptionBestPracticenoPerformTimelyNostroAccountReconciliationBestPracticenoAutomateNostroReconciliationsBestPractice noIdentifyNonreceiptofPaymentsBestPracticenoEstablishOperationalStandardsThemainobjectiveinautomatingnostroreconciliationisto:Identifythe pendingtransactionsMaximizetheinterestrevenuefromexternalaccountsMinimizefinancialexposureControlfinancialexposuretocriticalaccountsSynopsisIt’s anormalnostroreconciliationwithToleranceruleandMatchTypeasSuggestedAsresult,weco-createdaPoCwithourcustomerstoexplorewhether distributedledgerscouldhelpbanksreconciletransactionsandoptimizetheliquidityoftheirNostroaccountsmoreefficientlyandinrealtime,loweringcostsand operationalrisk