Where it usually breaks
And how to keep it from happening.
- A coupon is scheduled on the wrong face amount after a partial sale.
- A short coupon payment is approved without investigation.
- A maturity is received but never matched to the bank movement.
- Treasury Bills & Bonds
- Process
- Coupon and maturity reconciliation
Coupon and maturity reconciliation
Schedule coupons and maturities for each holding and approve each receipt against custodian evidence.
Step by step
-
Schedule the cash flows Treasury Preparer
Treasury Preparer records each coupon and the maturity for the security, with security code, due date, coupon and principal, linked to the purchase instruction.
- Cash flow Draft
- Updates Security cash flows, Bank instructions
-
Watch the calendar Treasury Preparer
Treasury Preparer reviews upcoming cash flows by due date for cash planning.
- Upcoming receipts planned
- Updates Security cash flows
-
Submit on receipt Treasury Preparer
When the custodian reports the payment, Treasury Preparer submits the cash flow with the verified evidence.
- Cash flow Submitted
- Updates Security cash flows, Bank evidence
-
Approve Treasury Approver
Treasury Approver checks the scheduled amounts against the purchase instruction and the custodian evidence and approves or rejects the cash flow, recording the decision date.
- Cash flow Approved or Rejected
- Updates Security cash flows, Review decisions, Operation receipts
ApprovalA person approves before the work moves on. -
Complete Reconciliation Accountant
Once the bank movement is matched, the approved cash flow is marked Completed.
- Cash flow Completed
- Updates Security cash flows, Reconciliation items
Who does what
Roles and permissions- Treasury Preparer
- , Treasury Approver, Reconciliation Accountant.
Set up Treasury Bills & Bonds your way.
Start free, then use Proto to change fields, steps and approvals before your team goes live.