Treasury Operations - Nostro Reconciliation (HDFC Bank)

1. Opening and maintaining of Mirror account in UBS and Nostro

reconciliation

 system (NRS).

2. Upload of Nostro and mirror statements.

3. Reconciliation of Interbank settlement entry CCIL/CLS and Direct.

4. Tallying of external and mirror Balances to ensure that all statement of Nostro accounts are received and uploaded properly in NRS, Bal curr, follow-up with correspondent bank on statements.

5. Branch assignment of external entries in Nostro both auto and manual.

6. Matching of entries in nostro with mirror both auto and manual.

7. Investigation of outstanding entries to mark to respective department.

8. Publishing of outstanding entries to all user and management.

9. Rising with correspondent bank for unidentified debits and credits in reconciliation statements.

10. Escalation with departments for outstanding entries beyond seven days.

11. Investigation and follow up of unidentified credits which are not in Inward CPUT file as also other credits which are not picked.

12. Identification of duplicate /wrong debits by department on T+1 basis and escalation.

13. FCY DD payable account and stale account reconciliation total 14 accounts.

14. Matching of DD debited in our Nostro account and providing to various departments for reversal from payable account.

15. Transfer of stale DD from payable account to stale account.

16. Providing confirmation to branches/department on outstanding DD which are presented by customer for revalidation /cancellations.

17. Monitoring of unclaimed account.

18. Responding to queries of retail/NRI/branches Pan India for credits/debits or detail on Nostro accounts.

19. Maintaining on line access for various accounts and creating users as per request also checking of credits on same day credits as per request received on daily basis.

20. Providing monthly report to Finance.

21. Housing keeping report to audit.

22. Indent of DD stationary from correspondent Bank and supply to security stationary.

23. Receipt of Paid DD from correspondent Bank and record keeping date wise.