Creating a branch

A branch is a registered office of the institution/bank from where the bank carries out its functions. A branch may be different departments within an institution/bank or it can be different physical locations.

  1. On the Branches tab for the bank, select Actions > Create.
    Note: 

    The Financial Institution field will already be pre-populated based on the institution that you were previously on.

    Use the following guidelines to enter field values:

    Branch

    Registered office of the bank

    Branch Description

    Description of the branch

    Active

    Indicates if the branch is active or not

  2. In the Detail tab, use the following guidelines to enter field values:
    Branch SWIFT

    For international bank accounts, enter the SWIFT code.

    Branch Identifier

    Enter a branch identifier.

    Routing Numbers

    Enter the bank account routing numbers. Unique routing numbers can be defined for the following:

    • Electronic

    • Check

    • Wire Transfer

    Branch Address

    Address of the bank branch

    Other Address

    Alternative address for the bank branch

  3. Click Save.

    The Contacts, Branch Ratings, Intermediary Banks, and Documents tabs are now available.

  4. Create a contact.
    1. From the Actions menu, select Create.

      Use the following guidelines to enter field values:

      First Name

      First name of the contact

      Last Name

      Last name of the contact

      Title

      Optional. Title of the contact

      Note: 

      If the contact is located somewhere other than the address entered in the General tab, select the check box Address Different from Branch Address and enter a new address for that contact.

      Address Different From Branch Address

      Select the check box if the contact's location is different from the branch location.

      Contact Information

      • Phone number

      • Fax number

      • Email address

      • Attachment

      • Comments

    2. Click Save.
  5. Create a branch rating.
    1. From the Actions menu, select Create.

      Use the following guidelines to enter field values:

      Rating Agency

      Organization that assigns ratings for different institutions based on their performance history and future potential

      Description

      Description of the rating or score

      Rating

      The rating or score from the rating agency

      As of Date

      Date the rating was posted on the agency site

      Rating Website

      The rating agency website (URL)

    2. Click Save.
  6. Create an intermediary bank.
    1. From the Actions menu, select Create.

      Use the following guidelines to enter field values:

      SWIFT

      Enter the SWIFT account for the intermediary bank.

      Description

      Description of the intermediary bank

      Currency

      Enter the currency for the intermediary bank.

      Note: 

      A branch can only have one currency code.

      Comments

      Optional field for additional information

    2. Click Save.
  7. To create a document, see Attaching a document.
  8. Click Save.