The Offer (02) Netting Transaction allows a participant to sell surplus foreign currency to the Netting Center in exchange for their local currency.
To access Netting, click Netting on the CitiDirect navigation bar. The Netting Summary Form appears.
Click the Input/Modify Tab, and then click New. The Netting Detail Form appears. Note: Required fields are identified by a red asterisk ( * ).
In the Transaction Type field, click the drop-down arrow and select 02 - Offer.
Participant ID defaults to the ID to which you are entitled. If you are entitled to enter transactions for multiple participants and would like to change the Participant ID, click the Library Look-Up button and select an ID.
Participant Name is automatically populated when Participant ID is filled using Library Look-Up. Note: Only Netting Managers can manually enter data into this field.
In the Currency field, click the Library Look-Up button and select a currency code. Note: If this transaction is associated with a preformat, the Currency field cannot be modified.
In the Amount field, enter the amount of the transaction.
In the Maturity Date field click the drop-down arrow and select the maturity date from the calendar or use the date spinner.
In the Billing/Account Period field, enter the date period.
Select the Internal Transfer field to indicate that the transfer is from an account held at the same branch as the Netting Center accounts.
In the Comments field, enter any additional information.
Click Submit to save and submit the Netting transaction for validation. The Netting transaction moves to the next step in the process, as defined by Flow Control requirements.
Notes:
To return to the Netting Summary Form, click Return to Summary.
To print the details of the current Netting transaction, click Print.
To clear the fields on the detail form, click Clear.