Prakash S

Core Responsibility ( Cash operations-consist of Settlements,payments,incoming's,claim, Reconciliation and investigations

This position is a vital part of both BSO (Banking system operation)and Custodial services outsourced by Sydney, Sigapore and Hongkong ,we involve in processing the client payments and incoming transactions (both manually and as STP) . We also look after the investigation part (communicating with other banks) for rectifying the client requirements.

• Upon the reception of instructions from client via SWIFT messages or via Authentication message /MT292,MT192,MT199,MT299mode, we will initiate the cash payments,we also process the settlement for trade
  and involve in the process of pre-treasury release and also help for treasury settlement.
• Any information from counterparts/ correspondent related to trade,cash,settlements will be broadcasted to client ASAP to make necessary alternatives without any loss on business.
• We also process the different times of cash claims related to payments and settlements.
• Handling BAU on apriority basis in order to avoid financial loss.

PAYMENTS AND INCOMING FUNDS CLEARING PAYMENTS AND TRADE RELATED TRANSACTIONS

• processing side we are accountable for payment instructions received
  from client for making them to settle with counterpart side on good Value date.
• We are equally accountable for incoming funds received from counterparty to credit the client account on time to release the payments/trades/their fund movements and to avoid the loss for client.
• We used to handle the swifts messages like MT103/PAC08, MT202/PAC09, MT210, MT910/CAM54,MT304MT304 for all three branches Sydney, Singapore and Hongkong .

CASHCLAIM INVESTIGATIONS:

• Investigation part we use our own cash claim management tool to send
  the authenticated swifts to counterparty via correspondent for the relevant query. We use the swifts message like MT199,MT299,MT999 for all three branches Sydney, Singapore and Hongkong.
• Been an expert in handling the settlement of payment and incoming funds well before market cut-off time.
  Understanding the specificities and nuances of different market cut-off to apply them and to ensure the smooth process.
• Collaborated with cross-functional teams to identify opportunities for process improvement and increased efficiency.

RECONCILIATION:

• On Daily basis investigations and reconciliation of all MT940's and MT950's Statement breaks.
• In addition to it assisting the treasury team to clear their breaks by communicating with the concern custodian.
• Properly maintains Nostro side without fail for all three branches Sydney, Singapore and HongKong.

INDIVIDUAL EXPERIENCE

• A responsible role for the end to end understanding of process and payment settlement process cycle
• Rewarded for handling the BAU in single handed.
• Rewarded for supervising the US shift under my control to achieve goals and objectives.