kronos2 - uddannelse - betalinger - øvelser · 2018-03-16 · 9 exercise p2: receipt of payment...

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PAYMENTS

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Contents

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Payments I – Fund Settlement Instructions ............................................................................................ 3

Exercise P1: Payment to Another Participant (MT202) ...................................................................... 3

Exercise P2: Receipt of Payment from Another Participant (MT202) ................................................ 9

Exercise P3: Payment on Behalf of a Customer (MT103) ................................................................. 12

Payments II – Intra-Account Transfer Instructions ............................................................................... 16

Exercise P4: Intra-Account Transfer Instructions.............................................................................. 16

Exercise P5: Standing Intra-Account Funding Arrangement ........................................................... 20

Payments III – Intraday Loan................................................................................................................. 25

Exercise P6: Utilisation of Intraday Loan .......................................................................................... 25

Exercise P7: Repayment of Intraday Loan ........................................................................................ 31

Exercise P8: Repayment of Intraday Loan after Cut-Off (Overdraft) - Creditor .............................. 36

Exercise P9: Repayment of Intraday Loan after Cut-Off (Overdraft) - Debtor ................................ 40

Payments IV – Instructions with Conditional Release Mechanism (CRM) .......................................... 41

Exercise P10: Fund Settlement Instruction with CRM, Calendar Date ............................................ 41

Exercise P11: Fund Settlement Instruction with CRM, Start of Event ............................................. 48

Exercise P12: Fund Settlement Instruction with CRM, Activate ....................................................... 54

Exercise P13: Intra-Account Transfer with CRM, Calendar Date ..................................................... 62

Exercise P14: Intra-Account Transfer with CRM, Start of Event ...................................................... 65

Payments V – Multiple Fund Settlement Instructions .......................................................................... 68

Exercise P15: Multiple Fund Settlement Instructions ....................................................................... 68

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PAYMENTS I – FUND SETTLEMENT INSTRUCTIONS

EXERCISE P1: PAYMENT TO ANOTHER PARTICIPANT (MT202)

Exercise: A participant wants to make a payment to another participant in Kronos2. This is also

called a Fund settlement instruction, FSI, in Kronos2.

Step A: Log on to Kronos2 and open RTGS

Step B: Initiate a payment of DKK 10 to another participant in Kronos2

1. Under Instructions in the menu to the left, choose Fund settlement instruction

2. The following window will appear:

3. Capture Settlement Options

Tick RTM (Real Time Mechanism) to make a payment instruction from the settlement

account. This is set as default.

Tick Bank payment (payment to another participant in Kronos2). This is set as default.

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Enter Reference code (optional)

Press continue

4. The next window will look as follows:

5. Capture Instruction Detail

Choose the Settlement beneficiary bank (receiving bank) from the dropdown list. In this

exercise use Danmarks Nationalbank as Settlement beneficiary bank.

Enter Amount = DKK 10

Choose Funds settlement value date, FSVD. Use current FSVD, which is also set as default.

Enter Related Reference Code (this box is placed in the column on the right). Use Bank

initials or User initials.

Press continue

6. An Instruction summary will appear:

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7. Press submit in order to confirm the instruction

8. A message box with the information Instruction sent is shown

Step C: Verify that the payment has been settled. The three following options exist:

1a. View the Consolidated position or;

1b. Generate an Account statement or;

1c. Generate a Fund settlement instruction request list

1. Execute all three options.

1a. Choose Consolidated position in the menu bar to the left

The following window will open:

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Click on the blue hyperlink Accounts which shows all account movements

The following statement is generated:

Check that the report shows a paid value of DKK 10

In order to get back to the main menu, close the report by clicking on the X in the top

right corner

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1b. Under Enquires in the menu bar to the left, choose AC001 - Account Statement

The following window will open:

Select Settlement Account from the dropdown list

Enter FSVD (from) and FSVD (to). Use current FSVD which is set as default.

Press submit

The following report is generated:

Check that the Settlement account has been debited with DKK 10

Press back to return to the main menu

1c. Under Enquiries, Fund settlement enquiries, choose FS001 – Funds settlement instruction list.

The following window will appear:

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Select the desired options, e.g. Paying bank, Fund Settlement Value Date, Amount range.

Press submit

The following window appears:

Press back to return to the main menu or click on RTGS(SB) in the top left menu bar.

End of exercise

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EXERCISE P2: RECEIPT OF PAYMENT FROM ANOTHER PARTICIPANT (MT202)

Exercise: A participant wants to check that an anticipated payment from another participant has

been received. The receipt of a payment in Kronos2 can be confirmed by viewing the

Consolidated Position or by generating an Account statement.

Step A: Verify the receipt of DKK 10 from another participant in Kronos2 by viewing the

consolidated position.

1. Choose Consolidated position in the menu bar to the left


3. Click on the blue hyperlink Accounts

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4. The following report will open showing the account movements within the current day:

5. Check that the report shows a received value of DKK 10

6. Close the window at the X in the top right corner

Step B: In addition to viewing the Consolidated position verify the receipt of DKK 10 by

generating an Account statement.

1. Under Enquires in the menu bar to the left, choose AC001 - Account Statement


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3. Account statement request



Press submit

4. The following report is generated:

5. Check that the Settlement account has been credited with DKK 10

6. Press back to return to the main menu or click on RTGS(SB) in the top left menu bar

End of exercise

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EXERCISE P3: PAYMENT ON BEHALF OF A CUSTOMER (MT103)

Exercise: A participant wants to make a payment on behalf of a customer. This is initiated as a

Fund settlement instruction, FSI, in Kronos2 but with the chosen payment type of a Customer

payment.

Step A: Make a customer payment of DKK 10 in Kronos2

1. Under Instructions in the menu bar to the left, choose Fund settlement instruction

2. The following window appears:


Tick RTM (Real Time Mechanism) to make a payment instruction from the settlement

account.

Tick Customer payment (Including PI) in order to make a payment on behalf of a customer


Press continue

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Choose the Settlement beneficiary bank from the dropdown list. Use Danmarks

Nationalbank.


Choose Funds settlement value date, FSVD. Use current FSVD.



Press continue


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7. Capture PI information

Choose whether STP (Straight-through-processing) applies to the customer payment or

not. Tick No as this is the most common.

Choose Bank operation code from the dropdown list. Choose CRED as this is the only

code used in Kronos2. CRED indicates a credit transfer, while SSTD indicates a transfer

processed at standard service level.

Customer payment currency code = DKK

Charges borne by. Tick Payer, Beneficiary bank or Both

Charges currency code = DKK

Enter Paying customer name and address (You can also choose to enter Paying customer

BIC (PCC) or PCC (Once off) depending on what info you have. Only one of the three fields

is necessary).

Enter Beneficiary customer name and address (You can also choose to enter Beneficiary

customer BIC (BCC) or BCC (Once off). Only one of the three fields is necessary).

Enter Beneficiary customer account no

Press continue

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8. The next window is a summary of your payment instruction:



Step B: Verify that the payment has been settled.



1c. Generate a Fund settlement instruction request list

11. Return to the main menu by clicking on RTGS(SB) in the top left menu bar.

End of exercise

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PAYMENTS II – INTRA-ACCOUNT TRANSFER INSTRUCTIONS

EXERCISE P4: INTRA-ACCOUNT TRANSFER INSTRUCTIONS

Exercise: A participant wants to transfer funds between two internal accounts e.g. from its

settlement account to the VP Trade LOM. This is also called an intra-account transfer instruction,

IATI, in Kronos2.

Step A: Initiate a transfer of DKK 10 from the Settlement account to the VP Trade LOM

1. Under Instructions in the menu bar to the left, choose Intra-account transfer instruction

2. The following window will open:

3. Instruction detail

Tick ' No' in CRM options. Conditional release mechanism, CRM, gives the participant the

option to set a specific time or event in relation to the release of the transfer.

Choose Funds settlement value date, FSVD. Use current FSVD which is also set as default

Choose the account from where the money should be transferred and where to. Select the

Settlement account from the dropdown list under From account and select the VP Trade

from dropdown list under To account.

Under Transfer option choose Exact amount - no credit. Various options exist depending

on the specific transfer.

Amount = DKK 10

Enter Related Reference Code. Use your Bank initials or User initials.

Press submit

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4. A message box with the information Instruction sent is shown Step B: Verify that the intra-account transfer has been processed by viewing the consolidated position.

1. In the menu bar to the left, choose Consolidated position


3. Check that the VP Trade is increased with DKK 10

4. The decrease of DKK 10 on the Settlement account (RTM) is not explicit. To see all movements

click on the blue hyperlink Accounts.

5. The following report will open showing the account movements within the current day:

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6. Check that for Internal transfer net the Settlement account shows a negative amount of DKK 10

and the VP Trade LOM a positive amount of DKK 10.

7. Close the window by clicking on the X in the top right corner

Step C: In addition to viewing the Consolidated position verify the intra-account transfer by

generating an Account statement for both the Settlement account and the VP trade LOM.

1. Under Enquires in the menu bar to the left, choose AC001 - Account Statement


3. Account statement request



Press submit


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5. Check that the Settlement account has been debited with DKK 10

6. Press back to return to the main menu

7. Now change Account from Settlement Account to VP Trade LOM on the dropdown list and

press submit.


9. Check that the VP Trade LOM has been credited with DKK 10

10. Press back to return to the main menu.

End of exercise

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EXERCISE P5: STANDING INTRA-ACCOUNT FUNDING ARRANGEMENT

Exercise: A participant wants to create an intra-account transfer instruction that occurs Monday to

Friday, at a specific time of the day or at the start of an event at a fixed amount. This is also called

a standing intra-account funding arrangement in Kronos2.

Step A: Create a standing intra-account instruction from the Settlement account to the VP Trade

LOM that will be generated every day at the start of the RTM settlement trigger event (default

standing arrangement).

1. Under Instructions in the menu bar to the left, choose Role player profile instructions

2. Select Maintain standing intra-account funding arrangement


4. Maintain standing intra-account funding arrangements

Select the Default option from the Week day dropdown list. In this test there are no

current standing arrangement registered and the displayed list is therefore empty.

Select Add from the Action dropdown list as no default arrangements are registered. If the

list already contains registered standing arrangements Add will not appear as an option, in

this case choose Modify instead.

Click on the small plus icon to the right to create a new standing intra-account

instruction.

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5. A new Instruction detail window will open:

6. Instruction detail

Sequence No: 1

From account: Choose Settlement account from the dropdown list

To account: Choose Trade LOM from the dropdown list

Transfer option: Select Exact amount – no credit. More options exist.

Amount = DKK 100

Enter Related reference code. Use your Bank initials or User initials.

Under Event of day, choose the RTM settlement trigger from the dropdown list

Enter a Change reason of your choice

Press continue

7. The first window is displayed again. Now one item is shown on the list under Maintain standing

intra-account funding arrangements with the details entered in previous instruction.

8. Enter a Change reason of your choice

9. Press submit

10. A message box with the information Instruction sent is shown. See below.

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Step B: Verify that the standing intra-account instruction has been processed

1. Click on Maintain standing intra-account funding arrangement in the menu bar to the left

2. Select the Default option from the Week day dropdown list. As opposed to earlier 1 item is now

displayed. See below.

Note: By changing default to a specific day on the week day dropdown list you should see the

same standing intra-account instruction every day of the week.

Step C: It is possible to change the standing arrangement for a single specific Fund settlement

value date, FSVD. This is a onetime event. Remember that a standing intra-account instruction

must always be registered at least a day before the transfer must take place. The purpose of this

step is therefore to override the previously established standing arrangement of DKK 100 for one

specific FSVD.

1. Under Instructions in the menu bar to the left, choose Role player profile instructions

2. Select Override standing intra-account funding arrangement


4. Override standing intra-account funding arrangements

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Under Value day, select the next FSVD. As the override function is only valid for a single

specific FSVD, you only have the option to enter a date and not a dropdown list of

weekdays.

The default standing intra-account funding arrangement of DKK 100 will be displayed for

the weekday of the specified FSVD.

From the Action dropdown list, select Add

Tick the Edit icon to the left to change the details of the default standing

arrangement for the specified FSVD.

5. The Instruction detail window will open:

6. Change Amount to DKK 500 and press continue

7. The item now displayed on the list under Override standing intra-account funding

arrangements has a new amount of DKK 500.

8. Enter a Change reason of your choice

9. Press submit

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10. A message box with the information Instruction sent is shown:

Step D: Verify that the default standing intra-account arrangement has been processed and

overridden for the single specified FSVD.

1. In the menu bar to the left, choose Override standing intra-account funding arrangement

2. Under Value day, select the next FSVD

3. Under Action, select Modify

4. Check that the standing intra-account instruction for the specified FSVD is displayed with an

amount of DKK 500. See below.


End of exercise

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PAYMENTS III – INTRADAY LOAN

EXERCISE P6: UTILISATION OF INTRADAY LOAN

Exercise: A participant wants to make a payment to another participant in Kronos2, however the

participant has no funds available on its settlement account to cover for the payment. An intraday

loan is thus created by utilising collateral, which results in an increase of the loan account.

Step A: Check the amount of funds available on the Settlement account

1. Choose Classic Position in the menu bar to the left

2. The following window will appear with an overview of the participant's Settlement position:

3. Check the Settlement account balance

Step B: Make sure there is collateral available to cover for the intraday loan

1. Under Classic Position, click on the blue hyperlink Collateral position (collateral values) to the

right.

2. A new window will open with an overview of the bank's reserved collateral and utilised

collateral called the bank's collateral list:

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3. In the screenshot above, the settlement bank has Collateral available to cover for a payment of

DKK 980.000,00

4. Close the collateral list window by clicking on the X in the top right corner

Step C: Initiate a payment that is DKK 10 larger than what is available on your settlement account.

This will cause utilisation of the Loan Account of DKK 10.

1. Under Instructions in the menu bar to the left, select Fund settlement instruction



Tick RTM (Real Time Mechanism) to make a payment instruction. This is set as default.

Tick Bank payment (payment to another participant in Kronos2). This is set as default.


Press continue

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Choose the Settlement beneficiary bank (receiving bank) from dropdown list. Use

Danmarks Nationalbank.

Enter Amount = DKK X (Available on settlement account plus DKK 10)

Choose Funds settlement value date, FSVD. Use current FSVD, which is also set as default.



Press continue


7. Press Submit in order to confirm the instruction


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Step D: Verify that the loan account is utilised by viewing the Classic Position


2. The participant's Settlement position is shown:

3. Check that the Loan account balance is increased with DKK 10

Step E: Verify that an intraday loan is utilised and that collateral available has decreased. This can

be verified by either viewing the bank's collateral list from the Classic Position or by generating a

report showing the bank's collateral utilisation called CF004 – Collateral utilisation.


right.

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2. A new window with the bank's collateral list will open:

3. Check that Collateral available is now reduced by DKK 10 and utilised for RTGS settlement

(intraday loan) is DKK 10.


5. Under Enquiries in the menu bar to the left, choose Collateral enquiries

6. Select CF004 – Collateral utilisation:

7. Choose FSVD. Use the current FSVD which is set as default.

8. Press submit

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9. The following report of the participant's collateral utilisation will open:

10. Check that RTGS loans under the Utilised collateral column is increased with DKK 10 and that

Total amount under the Available collateral column is decreased.

11. Press back to return to the main menu or click on RTGS(SB) in the top left menu bar.

End of exercise

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EXERCISE P7: REPAYMENT OF INTRADAY LOAN

Exercise: A participant has utilised an intraday loan for settlement purposes. The participant can

at any time of the day choose to repay all or a portion of its intraday loan manually in Kronos2

given that funds are available on the settlement account. Otherwise, the system will automatically

repay the maximum amount of the loan possible at the end of the day.

Step A: Verify that the loan account is utilised


2. The following window will appear with an overview of the participant's Settlement position:

3. Check that there is an amount (red marked) of the Loan account balance. The red colour

indicates that the Loan account is in utilised – a negative position.

Step B: Verify that an intraday loan is utilised by viewing the bank's collateral list

1. Under Classic Position click on the blue hyperlink Collateral position (collateral values) to the

right.

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3. Check that the collateral value of Utilised for RTGS settlement (intraday loan) is DKK 10


Step C: Initiate an instruction to repay the intraday loan of DKK 10

1. Under Instructions in the menu bar to the left, choose Collateral instructions

2. Choose Loan repay instruction


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4. Loan repay instruction

Tick Repay in full. The participant also has the option to Repay specific amount and then

enter an amount in Repay amount.

Press submit

Note: The window shows both the settlement account balance, i.e. available amount to repay the

loan of DKK 10 and the actual loan account balance of DKK 10.


Step D: Verify that the intraday loan of DKK 10 has been repaid

1. Choose Classic Position in the menu bar to the left,

2. The participant's Settlement position is shown:

3. Check that the Loan account balance is zero and the value is no longer red marked

Step E: Verify that the intraday loan has been repaid. This can be verified by either viewing the

bank's collateral list from the Classic Position or by generating a report showing the bank's

collateral utilisation called CF004 – Collateral utilisation.


right.

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3. Check that the collateral value of Utilised for RTGS settlement (intraday loan) is zero

4. Close the collateral window

5. Under Enquiries in the menu bar to the left, choose Collateral enquiries

6. Select CF004 – Collateral utilisation


8. Choose FSVD. Use the current FSVD which is set as default

9. Press submit

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10. The following report of the participant's collateral utilisation will open:

11. Check that RTGS loans under the Utilised collateral column is decreased to zero


End of exercise

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EXERCISE P8: REPAYMENT OF INTRADAY LOAN AFTER CUT-OFF (OVERDRAFT) - CREDITOR

Exercise: Due to insufficient funds on the settlement account a participant is unable to fully repay

its intraday loan at cut-off at 3.30 pm resulting in an overdraft. In this case a Receiver accept funds

settlement instruction - also called an RAFSI - can be initiated in Kronos2. The creditor (the bank

which is providing a loan to the participant in overdraft) generates a RAFSI in Kronos2 while the

beneficiary bank generates a RAFSI accept instruction in order for settlement to take place

between 3.40 pm and 3.50 pm.

Step A: As the paying bank (creditor) initiate a Receiver Accept Fund Settlement Instruction,

RAFSI, of DKK 100 to cover the counterparty's overdraft.

1. Under Instructions in the menu bar to the left, select Receiver accept funds settlement

instruction.



Choose the Beneficiary bank (receiving bank) from dropdown list


Funds settlement value date, FSVD is per default set to current FSVD as diarised and

backdated RAFSIs are not permitted



Press continue

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Step B: Verify that the RAFSI has been processed by viewing the Consolidated position

1. Choose Consolidated position in the menu bar to the left


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3. Click on the blue hyperlink Diarised for current FSVD net

4. The following statement is generated:

5. Check that the report shows Payables of DKK 100 and under Diarisation reason says Beneficiary

to accept. The beneficiary bank (the bank with overdraft) has to accept the RAFSI in order for the

transaction to go through.

Step C: Alternatively, processing of the RAFSI can also be controlled by viewing the Classic

Position


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3. Under the blue link Conditional Release Mechanism (CRM) (for current FSVD) – lowest left

corner - check that the Total payable value of FSIs is DKK 100.

Note: By clicking on the blue link Conditional Release Mechanism (CRM) (for current FSVD) the

same statement from step C is opened.

End of exercise

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EXERCISE P9: REPAYMENT OF INTRADAY LOAN AFTER CUT-OFF

(OVERDRAFT) - DEBTOR

Step A: Now generate a RAFSI accept instruction of DKK 100 as the beneficiary bank in relation to

an overdraft. This can be done in two ways; by choosing RAFSI accept instruction (from list) or

RAFSI accept instruction (manual). In this exercise, only the RAFSI accept instruction (from list) is

executed as this is the recommended way to initiate an RAFSI accept instruction in Kronos2.

1. Under Instructions in the menu bar to the left, choose Manage RAFSI accept instruction

2. Click on RAFSI accept instruction (from list):

3. Tick Accept on the instruction corresponding to the RAFSI to be accepted on the list of RAFSIs

that have already been submitted by the paying bank.

4. Check that the details of the selected RAFSI is correct

5. Press submit. The paying bank's settlement account should now be debited with DKK 100 and

beneficiary bank should no longer be in overdraft.

Note: The order in which the RAFSI and RAFSI accept instruction is generated is not important.

The instruction registered first will be diarised until the corresponding instruction is received. A

RAFSI can be sent before cut-off and will then automatically be diarised by the system until

settlement is possible between 3.40 pm. and 3.50 pm.


End of exercise

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PAYMENTS IV – INSTRUCTIONS WITH CONDITIONAL RELEASE MECHANISM (CRM)

EXERCISE P10: FUND SETTLEMENT INSTRUCTION WITH CRM, CALENDAR

DATE

Exercise: A participant wishes initiate a payment to another participant at a predefined time. Note

that authorisation is required in the following exercises.

Step A: Initiate a payment with CRM, Calendar date

1. Under Instructions, select Fund settlement instruction

2. Tick CRM options and press continue

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4. Select Settlement beneficiary bank, enter an available Amount and a Related reference code of

your choice.

5. Press continue


7. Tick Calendar date and choose any future weekday and/or enter an approaching time of day.

8. Press continue

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10. Check that the summary corresponds to the instruction information and press submit.

11. The following information box will appear:

12. Request authorisation from a second user from the same settlement bank. Inform him or her

of the amount and the name of the settlement beneficiary bank. When the instruction is

authorised, continue to step C.

Step B: Authorisation

1. Log on to Kronos2 with a different user

2. Open RTGS and select Authorisation

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4. Click on the blue FSS2 hyperlink


6. Type in the matching Amount and select the Settlement beneficiary bank from the dropdown

list. Check the information in the message text. Press Authorise. The following notification will

appear:

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7. Inform the first user verbally or through email that the instruction has been authorised.

8. Return to the main menu by clicking on RTGS(SB) in the top left menu bar

STEP C: Instruction verification

1. Under Enquiries, Fund settlement enquiries, choose FS001 – Funds settlement instruction list.


3. Select the calendar date range that corresponds to the instructed CRM details as marked

above.

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5. Check that the Diarised instruction is listed

6. Press back to return to the main menu

Step D: Instruction overview

1. Under Instructions, select Manage queued or diarised instructions:

2. Choose Remove/Activate/Reprioritise diarised instructions

3. Instruction view filter

Under Settlement mechanism, select RTM (Danish Krone)

Choose the Effective FSVD in the dropdown menu

Press filter

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4. Check that the following window appears and that the diarised instruction is listed:


End of exercise

48

EXERCISE P11: FUND SETTLEMENT INSTRUCTION WITH CRM, START OF

EVENT

Exercise: A participant wishes to initiate a payment to another participant at a predefined start of

event.

Step A: Initiate a payment with CRM, start of event

1. Under Instructions, select Fund settlement instruction. The following window will appear:

2. Tick CRM options and press continue. The following window will appear:

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Select Settlement beneficiary bank

Enter an available Amount

Enter a Related reference code of your choice

Press continue


5. Capture CRM Options

Tick Start of event

Select any event from the dropdown list. In this case, VP60 is chosen.

Press continue


7. Check that the summary corresponds to the instruction information and press submit

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9. Request authorisation from a second user from the same settlement bank. Inform him or her of

the Amount and the name of the Settlement beneficiary bank. When the instruction is authorised

continue to step C.


1. Log on to Kronos2 with a different user and open RTGS(SB).

2. Select Authorisation in the menu to the left. The following window will appear:

3. Click on the blue FSS2 hyperlink. The next window will look as follows:

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4. Message detail

Type in the matching Amount

Select the Settlement beneficiary bank from the dropdown list.

Check the information in the message text

Enter Authorise

5. The following notification will appear:



STEP C: Instruction verification

1. Under Enquiries, Fund settlement enquiries, choose FS001 – Funds settlement instruction list


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3. Fund settlement Instruction list request

Select the desired options. (No changes or selections are necessary if the previous steps

have been followed explicitly). Otherwise choose RTM and the current FSVD.

Enter submit


5. Check that the instruction is listed as Diarised

Step D: Instruction overview

1. Under Instructions, select Manage queued or diarised instructions

2. Choose Remove/Activate/Reprioritise diarised instructions and the following window appears:

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4. Instruction view filter

Under Settlement mechanism, choose RTM (Danish Krone)

Select the Effective FSVD from the dropdown menu

Press filter


6. Check that the current diarised instruction is listed


End of exercise

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EXERCISE P12: FUND SETTLEMENT INSTRUCTION WITH CRM, ACTIVATE

Exercise: A participant wants to initiate a payment to another participant but the payment should

not be settled immediately or at a specific given time. This can be done with the functionality

Activate where the instruction is entered beforehand but will not settle until the instruction is

activated.

Step A: Initiate a payment with CRM, Activate

1. Under Instructions in the menu bar to the left, choose Fund settlement instruction


3. Tick the CRM options box

4. Press continue

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Select Settlement beneficiary bank

Enter an available Amount and a Related reference code of your choice

Press continue

7. The next window opens:

8. Tick Activate

9. Press continue

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10. An Instruction summary appears:

11. Check that the summary corresponds to the instruction information and press submit


13. Request authorisation from a second user from the same settlement bank. Inform him or her

of the amount and the name of the settlement beneficiary bank. When the instruction is

authorised continue to step C.


1. Log on to Kronos2 with a different user and open RTGS

2. Select Authorisation and an Authorisation Inbox opens:

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3. Click on the blue FSS2 hyperlink. The following window will appear:

4. Message detail

Type in the matching Amount

Select the Settlement beneficiary bank from the dropdown list. Check the information in

the message text.

Press Authorise

5. The following notification appears:



Step C: Instruction activation

1. Log on with the original user that initiated the instruction

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2. Under Instructions, choose Manage queued or diarised instructions

3. Select Remove/Activate/Reprioritise diarised instructions

4. An Instruction view filter opens:

5. Under Settlement mechanism, choose RTM (Danish Krone) and additional fields appear:

6. Select the Effective FSVD from the dropdown list and choose Payer to activate under CRM

option

7. Press filter

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9. Tick Activate and add a Change reason of your choice

10. Press submit

STEP D: Instruction verification

1. Under Enquiries, choose Fund settlement enquiries

2. Select FS001 – Funds settlement instruction list

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2. The following window opens:

3. Complete the request and press submit (No changes or selections are necessary if the previous

steps have been followed explicitly).

4. The following report is displayed:

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5. Check that the instruction is listed as Settled


End of exercise

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EXERCISE P13: INTRA-ACCOUNT TRANSFER WITH CRM, CALENDAR DATE

Exercise: A participant wishes to make an intra-account transfer using calendar date as conditional

release mechanism

Step A: Initiate an intra-account transfer with CRM, calendar date

1. Under Instructions, choose Intra-account transfer instruction. The following window will

appear:

2. Tick Yes in CRM option. The window will then expand as shown below:

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3. Complete the fields as shown above. Notice that the date selected in Funds settlement value

date will update the date under CRM information menu bar automatically and vice versa.

4. Press submit

STEP B: Instruction verification

1. Under Enquiries, choose Fund settlement enquiries

2. Select FS006 – Intra-account transfer instruction list

3. An account transfer instruction list request is displayed:



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5. The following report opens:



End of exercise

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EXERCISE P14: INTRA-ACCOUNT TRANSFER WITH CRM, START OF EVENT

Exercise: A participant wishes to make an intra-account transfer from one account to another at a

predefined start of event.

Step A: Initiate an intra-account transfer with CRM, start of event

1. Under Instructions, select Intra-account transfer instruction


3. Tick Yes in CRM option

4. The window will then expand as shown below:

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5. Complete the fields as shown above

6. Under CRM information menu bar, tick Start of event and select the wanted event from the

dropdown list.

7. Press submit

STEP B: Instruction verification

1. Under Enquiries, select Fund settlement enquiries

2. Select FS006 – Intra-account transfer instruction list

3. An account transfer instruction list request is displayed:



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5. The following report is displayed:



End of exercise

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PAYMENTS V – MULTIPLE FUND SETTLEMENT INSTRUCTIONS

EXERCISE P15: MULTIPLE FUND SETTLEMENT INSTRUCTIONS

Exercise: A participant wants to make several payments to other participants in Kronos2. The

payments have to be of similar type, i.e. only form RTM and only bank-to-bank.

Step A: Create your CSV file, see example below. A CSV file can be created by first creating an

excel file and then choosing the CSV-format, when saving the file.

Note: Depending on the programme set-up of your computer, it might be necessary to copy the

CSV file to Notepad before uploading to Kronos2. Notice that amount should be without

thousand-separator.

Step B: Log on to Kronos2 and open RTGS

Step C: Initiate several payments of various amounts to different settlement banks

(counterparties)

1. Under Instructions, choose Multiple fund settlement instructions

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3. Multiple fund settlement instructions

Tick RTM (Real Time Mechanism) to initiate the payments from the settlement account.

RTM is set as default.

Tick Upload file includes header row, if your CSV file includes a header, i.e. text that

indicates what the columns below entails. (In the shown example the header corresponds

to row 1).

Choose Semicolon or Comma corresponding to the format of your CSV file

Press Gennemse… in order to find your saved file on the computer

Press import

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5. Press submit

6. An Instruction summary will appear. Press submit.


Note: If your bank is set up to 4-eyes principle every payment must be authorised individually

Step D: Verify that the payments has been settled. See also Exercise P1 for guidance.



1c. Generate a Funds Settlement instruction list request

End of exercise

kronos2 - uddannelse - betalinger - øvelser · 2018-03-16 · 9 exercise p2: receipt of payment...

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