Prepare a typed bank instruction with balanced legs and take one revision through an independent approval.
Treasury Preparer records the subject, counterparty, amount in US dollars, requested date and value date. The instruction starts as Draft with the preparer as owner.
The preparer adds the debit and credit legs on treasury accounts, checks that they balance, and attaches the deal ticket and settlement instructions.
The preparer moves the instruction to Review. The current revision goes with it.
A Treasury Approver in the same entity, who did not prepare it, checks amount, counterparty eligibility, legs and documents against the expected revision and records Approve, Reject or Return with a reason. Approve authorizes the instruction and raises its revision.
And how to keep it from happening.
Start free, then use Proto to change fields, steps and approvals before your team goes live.