Before going in to Clearing menus and commands lets first understand what clearing is in Banking world. let suppose ,you are a customer of a Bank say State Bank of India (SBI) and A you get a check in your name from some one else that is cheque of say Bank of India (BOI), then the process to clear the cheque and get the amount deposited in your SBI account is , you have to approach to your Branch in SBI, and SBI sent the Cheque to their Service Branch and ultimately Service Branch SBI has to claim this amount from the Branch of Bank of India (from the Branch where the cheque was issued which is drawee in banking terminology) through Bank of India's Service Branch .
and here the Clearing House comes in to the picture . in a city the clearing center or clearing house is maintained/managed by one bank and different banks participated in it .it operates under the guidelines of the Central Bank of a country .( in india it is Reservce Bank of India).
Bankers' clearing house is an organization that transfers money between member banks, originally to clear checks.in the above example to send instruments (cheques,demand drafts or pay order )for collection to other bank is known as Outward Clearing , so here SBI processes the Outward Clearing operation and the Drawee Bank (here BOI), who has to pay by debiting its own customer's account , is known as Inward Clearing. in example BOI processes Inward clearing Operation.
Outward Clearing finacle commands:
HCLZCM – Clearing Zone Code Maintenance
MCLZOH – Maintain Clearing Zone
OCLODGE – Outward Clearing Transaction Maintenance (ONS Mode)
OCTM – Outward Clg Transaction Maintenance (Web Mode)
IOCLS – Inquire On Clearing Transactions Sets
HOIQ/OIQ – Outward Clearing Instrument Inquiry
HOPQ – Outward Clearing Part Tran Inquiry
HMARKPEN – Mark Pending (ONS Mode)
MARKPEND – Mark Pending (Web Mode)
REVPEND – Revoke Pending
PCLSO – Print Clearing Schedule
CTCM – Clearing Transaction Code Maintenance
ICRCM – Inward Clearing Reject Code Maintenance
Inward clearing finacle commands:
HICZCM – Inward Clearing Zone Template Maintain
MICZ – Maintain Inward Clearing Zone
HICTM – Inward clearing Transaction Maintenance (ONS – Mode)
ICTM – Inward Clearing Transaction Maintenance (Web Mode)
and here the Clearing House comes in to the picture . in a city the clearing center or clearing house is maintained/managed by one bank and different banks participated in it .it operates under the guidelines of the Central Bank of a country .( in india it is Reservce Bank of India).
Bankers' clearing house is an organization that transfers money between member banks, originally to clear checks.in the above example to send instruments (cheques,demand drafts or pay order )for collection to other bank is known as Outward Clearing , so here SBI processes the Outward Clearing operation and the Drawee Bank (here BOI), who has to pay by debiting its own customer's account , is known as Inward Clearing. in example BOI processes Inward clearing Operation.
Outward Clearing finacle commands:
HCLZCM – Clearing Zone Code Maintenance
MCLZOH – Maintain Clearing Zone
OCLODGE – Outward Clearing Transaction Maintenance (ONS Mode)
OCTM – Outward Clg Transaction Maintenance (Web Mode)
IOCLS – Inquire On Clearing Transactions Sets
HOIQ/OIQ – Outward Clearing Instrument Inquiry
HOPQ – Outward Clearing Part Tran Inquiry
HMARKPEN – Mark Pending (ONS Mode)
MARKPEND – Mark Pending (Web Mode)
REVPEND – Revoke Pending
PCLSO – Print Clearing Schedule
CTCM – Clearing Transaction Code Maintenance
ICRCM – Inward Clearing Reject Code Maintenance
Inward clearing finacle commands:
HICZCM – Inward Clearing Zone Template Maintain
MICZ – Maintain Inward Clearing Zone
HICTM – Inward clearing Transaction Maintenance (ONS – Mode)
ICTM – Inward Clearing Transaction Maintenance (Web Mode)
