VELOCITY@OCBC 2.0
BUSINESS INTERNET BANKING USER GUIDE
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Contents
1. Log in to Velocity@ocbc 2.0 4
2. View Trade Finance portfolio 12
3. View and download a bank statement 15
4. Create a Letter of Credit (LC) Application 20
5. Create a Letter of Credit Amendment 21
6. Create an Import Bill under Letter of Credit (IB) instruction 24
7. File Upload & Remittance Inquiry 27
8. Switch between GIRO Payment/FAST/MEPS/Local Telegraphic Transfer screens 32 9. Create a GIRO Payment (Make a transfer to a bank locally) 36 10. Create a FAST Payment (Make a transfer to a bank locally) 40 11. Create a MEPS (Make a transfer to a bank locally) 48 12. Create a Telegraphic Transfer (Make a transfer to a bank locally or overseas) 52
13. Transfer between OCBC accounts 54
14. Create an Overseas Telegraphic Transfer 56
15. Create a Bill Payment 61
16. Create a GIRO Payroll 62
17. Create a FAST Payroll 66
18. Create a GIRO Management Payroll 74
19. Create a FAST Management Payroll 78
20. Create a GIRO Funds Collection 86
21. Create a FAST Collection 89
22. Create a Cashier’s Order 98
23. Create a Demand Draft 99
24. Authorise a transaction 100
25. Check your transaction status 103
26. Access a report 107
27. View reports and files in File Repository 111
28. Create a Transaction Template 113
29. Using the Transaction Template 119
30. Administration 126
31. Transaction fees and cut-off times 137
32. Glossary 140
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Welcome to Velocity@ocbc 2.0
Velocity@ocbc 2.0 is OCBC Bank’s latest Business Internet Banking platform that has replaced the old platform. The new platform is easier to navigate and use, along with new features that are added to let you manage your payments, collections and trading activities anytime, anywhere in the world.
This guide covers frequently used functions which will get you up and running on Velocity@ocbc 2.0 in no time.
There are 4 main roles in the typical transaction workflow via Velocity@ocbc 2.0.
1. The Viewer – is able to access the company’s statement of accounts.
2. The Maker – prepares the banking transaction (e.g. a GIRO Payment) via Velocity@ocbc 2.0. The Maker will then submit the prepared transaction to an Authoriser for approval. The Maker is not empowered to authorise the transaction for processing.
3. The Authoriser – is empowered to authorise banking transactions prepared by the Maker in Velocity@ocbc 2.0. Each transaction must be fully authorised, either singly or jointly (this arrangement is specified at point of application) before it will be processed by the bank. In the case of Standard Service Package with transacting capability, the Maker and Authoriser is the same user.
4. The Administrator – manages all Users. This role allows them to reset passwords, create new/additional users etc. To regulate the use of Velocity@ocbc 2.0 in the organisation, any action initiated by one Administrator must be approved by another Administrator. This role is not available if your company has signed up for the Standard Service Package.
Should you have further queries or feedback on Velocity@ocbc 2.0, you can contact us at (65) 6538 1111 or email us at velocity@ocbc.com, Mondays to Fridays, 8:30am to 6:00pm (excluding public holidays).
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1 Log in to Velocity@ocbc 2.0
Have your Password Mailer and Security Token ready before you log in to Velocity@ocbc 2.0 (https://velocity.ocbc.com) for the first time.
Launch the Internet Browser and type this URL into the Address bar located at the top of the browser: https://velocity.ocbc.com. You will see the following page.
Password Mailer Security Token
Logging in for the first time
For security reasons, upon your first login to Velocity@ocbc 2.0, you will need to activate your Security Hardware Token and change your given password. After this, the Security Token will be uniquely registered to you and must be used for all subsequent logins.
If you are an Authoriser, you will be required to acknowledge on the Authoriser Acknowledgement Form found in the Starter Kit. The bank will activate Authoriser’s Security Token for velocity@ocbc 2.0 within 5 working days.
Version 3.0 1013 4 of 90 OCBC Bank. All Rights Reserved Co.Reg.No.:193200032W
4 2. Log in to Velocity@ocbc 2.0
Have your Password Mailer and Security Token ready before you log in to Velocity@ocbc 2.0 (https://velocity.ocbc.com) for the first time.
Launch the Internet Browser and type this URL into the Address bar located at the top of the browser:
https://velocity.ocbc.com. You will see the following page.
[NB] – updated screen]
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6 The Security Token Activation screen will be displayed.
[JS – updated screen]
3. To activate your Security Token:
i. Enter the 10-‐digit Security Token Serial No. which is found at the back of your Security Token, in the relevant field. Do not enter hyphens.
ii. Press the red OTP button on the Security Token. A 6-‐digit One-‐time-‐password will be generated.
iii. Enter the One-‐time-‐password in the relevant field.
iv. Click Activate Now.
v. A message confirming the successful activation of your Security Token will appear. Click OK.
4. To change your given password:
i. Enter your Old Password (as indicated in the Password Mailer) ii. Enter a New Password (take note of the Password rules)
iii. To confirm, re-‐enter your New Password in the Enter new password again field.
iv. Click Submit.
1. Enter your Organisation ID, User ID and Password as indicated in the Password Mailer in the Login box.
2. Click Login.
The Security Token Activation screen will be displayed.
5 Logging in for the first time
For security reasons, upon your first login to Velocity@ocbc 2.0, you will need to activate your Security Hardware Token and change your given password. After this, the Security Token will be uniquely registered to you and must be used for all subsequent logins.
If you are an Authoriser, you will be required to acknowledge on the Authoriser Acknowledgement Form found in the Starter Kit. The bank will activate Authoriser’s Security Token for Velocity@ocbc 2.0 within 5 business days.
[JS – updated screen]
1. Enter your Organisation ID, User ID and Password as indicated in the Password Mailer in the Login box.
2. Click Login.
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3. To activate your Security Token:
i. Enter the 10-digit Security Token Serial No. which is found at the back of your Security Token, in the relevant field. Do not enter hyphens.
ii. Press the red OTP button on the Security Token. A 6-digit One-time-password will be generated.
iii. Enter the One-time-password in the relevant field.
iv. Click Activate Now.
v. A message confirming the successful activation of your Security Token will appear. Click OK.
4. To change your given password:
i. Enter your Old Password (as indicated in the Password Mailer) ii. Enter a New Password (take note of the Password rules)
iii. To confirm, re-enter your New Password in the Enter new password again field.
iv. Click Submit.
Password rules:
8 to 12 characters
Must contain at least 2 letters & 2 numerals
Characters cannot be repeated more than twice
First 2 characters must be different from your User ID
Example of a Password : velocity01#
Password is case sensitive, for example Velocity01# is a different password from velocity01#
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[NB – updated screen]
5. Once you have successfully changed your password, the Velocity@ocbc 2.0 Homepage will be displayed.
Password rules:
8 to 16 characters
Must contain at least 2 letters & 2 numerals
Characters cannot be repeated more than twice
First 2 characters must be different from your User ID
Example of a Password : <velocity01>
Password is case sensitive, for example <Velocity01> is a different password from <velocity01>
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5. Once you have successfully changed your password, the Velocity@ocbc 2.0 Homepage will be displayed.
Subsequent logins
Proceed to the login page as before.
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8 Subsequent logins
Proceed to the login page as before.
[NB] – updated screen]
1. Enter your Organisation ID, User ID and Password in the relevant fields.
2. Click Login. The Security Token Verification screen will be displayed.
[NB ] updated screen]
1. Enter your Organisation ID, User ID and Password in the relevant fields.
2. Click Login. The Security Token Verification screen will be displayed.
Version 3.0 1013 8 of 90 OCBC Bank. All Rights Reserved Co.Reg.No.:193200032W
8 Subsequent logins
Proceed to the login page as before.
[NB] – updated screen]
1. Enter your Organisation ID, User ID and Password in the relevant fields.
2. Click Login. The Security Token Verification screen will be displayed.
[NB ] updated screen]
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9 3. Press the red OTP button located on the front of the Security Token.
4. Enter the 6-‐digit One-‐time-‐password that is displayed on your Security Token into the relevant field.
5. Click Submit.
The Velocity@ocbc 2.0 Homepage will be displayed.
[CC] updated screen]
3. Press the red OTP button located on the front of the Security Token.
4. Enter the 6-digit One-time-password that is displayed on your Security Token into the relevant field.
5. Click Submit.
The Velocity@ocbc 2.0 Homepage will be displayed.
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10 Dashboard
After successful login, the following Dashboard will be displayed. There are 6 types of portlets displayed on the dashboard and this will be varied based on your access profile.
i. Portfolio Snapshot Portlet ii. Task List Portlet
iii. Forex Portlet
iv. Reports & Statements Portlet v. Follow up Portlet
vi. Future Dated Transaction Portlet
[CC] Updated screen]
Dashboard
After successful login, the following Dashboard will be displayed. There are 6 types of portlets displayed on the dashboard and this will be varied based on your access profile.
i. Portfolio Snapshot Portlet ii. Task List Portlet
iii. Forex Portlet
iv. Reports & Statements Portlet v. Follow up Portlet
vi. Future Dated Transaction Portlet
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11 Portfolio Snapshot Portlet
Here, you will be able to view the total assets and total liabilities of your organisation for the accounts which you are entitled to view. Launch the first page of Portfolio by clicking the Portfolio Summary hyperlink.
[CC] Updated screen]
Task List Portlet
From the task list portlet, you can view the workflow status of transactions that have not been sent to the bank. You can edit/delete/recall/submit/approve/reject transactions depending on the workflow status of the transaction. Transactions can be viewed and acted on based on user’s access profile.
[CC] Updated screen]
Task List Portlet
From the task list portlet, you can view the workflow status of transactions that have not been sent to the bank. You can edit/delete/recall/submit/approve/reject transactions depending on the workflow status of the transaction. Transactions can be viewed and acted on based on user’s access profile.
Portfolio Snapshot Portlet
Here, you will be able to view the total assets and total liabilities of your organisation for the accounts which you are entitled to view. Launch the first page of Portfolio by clicking the Portfolio Summary hyperlink.
11 Portfolio Snapshot Portlet
Here, you will be able to view the total assets and total liabilities of your organisation for the accounts which you are entitled to view. Launch the first page of Portfolio by clicking the Portfolio Summary hyperlink.
[CC] Updated screen]
Task List Portlet
From the task list portlet, you can view the workflow status of transactions that have not been sent to the bank. You can edit/delete/recall/submit/approve/reject transactions depending on the workflow status of the transaction. Transactions can be viewed and acted on based on user’s access profile.
[CC] Updated screen]
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13 Future Dated Transaction Portlet
This portlet will list all the future dated transactions that have not been processed by the bank.
Transactions can be viewed based on user’s access profile.
[CC] Updated screen]
12 Forex Portlet
Shows the list of top 5 foreign currencies’ indicative exchange rates by default.
[CC] Updated screen]
Reports & Statements Portlet
This portlet offers you access to all your reports, files and e-‐statements which you are entitled to view.
The last 10 reports that were generated will be displayed by default.
[CC] Updated screen]
Follow up Portlet
Transactions with negative status/advice delivery failure status etc, will be displayed in this portlet.
Transactions can be viewed based on user’s access profile.
[CC] Updated screen]
12 Forex Portlet
Shows the list of top 5 foreign currencies’ indicative exchange rates by default.
[CC] Updated screen]
Reports & Statements Portlet
This portlet offers you access to all your reports, files and e-‐statements which you are entitled to view.
The last 10 reports that were generated will be displayed by default.
[CC] Updated screen]
Follow up Portlet
Transactions with negative status/advice delivery failure status etc, will be displayed in this portlet.
Transactions can be viewed based on user’s access profile.
[CC] Updated screen]
12 Forex Portlet
Shows the list of top 5 foreign currencies’ indicative exchange rates by default.
[CC] Updated screen]
Reports & Statements Portlet
This portlet offers you access to all your reports, files and e-‐statements which you are entitled to view.
The last 10 reports that were generated will be displayed by default.
[CC] Updated screen]
Follow up Portlet
Transactions with negative status/advice delivery failure status etc, will be displayed in this portlet.
Transactions can be viewed based on user’s access profile.
[CC] Updated screen]
Forex Portlet
Shows the list of top 5 foreign currencies’ indicative exchange rates by default.
Follow up Portlet
Transactions with negative status/advice delivery failure status etc, will be displayed in this portlet. Transactions can be viewed based on user’s access profile.
Reports & Statements Portlet
This portlet offers you access to all your reports, files and e-statements which you are entitled to view. The last 10 reports that were generated will be displayed by default.
Future Dated Transaction Portlet
This portlet will list all the future dated transactions that have not been processed by the bank. Transactions can be viewed based on user’s access profile.
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2 View Trade Finance portfolio
The Trade Finance portfolio allows you to access
• Portfolio Summary: current trade finance portfolio of Letter of Credit, Import Documentary Collection, Banker’s Guarantee, Standby Letter of Credit
• Portfolio History: historical trade financing transactions
• Portfolio Limit: trade financing credit limit granted and utilisation of the limit
View Portfolio Summary
1. Click on the Portfolio Summary hyperlink in the Portfolio Snapshot portlet.
2. Go to Trade Finance section and click on the Trade Account number.
3. Click on each product’s hyperlink to view the list of transactions.
4. Click on each transaction reference number to view the details of transactions.
OCBC Bank. All Rights Reserved Co.Reg.No.:193200032W
14 2. View Trade Finance portfolio
The Trade Finance portfolio allows you to access
• Portfolio Summary: current trade finance portfolio of Letter of Credit, Import Documentary Collection, Banker’s Guarantee, Standby Letter of Credit
• Portfolio History: historical trade financing transactions
• Portfolio Limit: trade financing credit limit granted and utilisation of the limit View Portfolio Summary
1. Click on the Portfolio Summary hyperlink in the Portfolio Snapshot portlet.
2. Go to Trade Finance section and click on the Trade Account number
3. Click on each product’s hyperlink to view the list of transactions
4. Click on each transaction reference number to view the details of transactions
OCBC Bank. All Rights Reserved Co.Reg.No.:193200032W
14 2. View Trade Finance portfolio
The Trade Finance portfolio allows you to access
• Portfolio Summary: current trade finance portfolio of Letter of Credit, Import Documentary Collection, Banker’s Guarantee, Standby Letter of Credit
• Portfolio History: historical trade financing transactions
• Portfolio Limit: trade financing credit limit granted and utilisation of the limit View Portfolio Summary
1. Click on the Portfolio Summary hyperlink in the Portfolio Snapshot portlet.
2. Go to Trade Finance section and click on the Trade Account number
3. Click on each product’s hyperlink to view the list of transactions
4. Click on each transaction reference number to view the details of transactions
501123456101
OCBC Bank. All Rights Reserved Co.Reg.No.:193200032W
14 2. View Trade Finance portfolio
The Trade Finance portfolio allows you to access
• Portfolio Summary: current trade finance portfolio of Letter of Credit, Import Documentary Collection, Banker’s Guarantee, Standby Letter of Credit
• Portfolio History: historical trade financing transactions
• Portfolio Limit: trade financing credit limit granted and utilisation of the limit View Portfolio Summary
1. Click on the Portfolio Summary hyperlink in the Portfolio Snapshot portlet.
2. Go to Trade Finance section and click on the Trade Account number
3. Click on each product’s hyperlink to view the list of transactions
4. Click on each transaction reference number to view the details of transactions
OCBC Bank. All Rights Reserved Co.Reg.No.:193200032W
14 2. View Trade Finance portfolio
The Trade Finance portfolio allows you to access
• Portfolio Summary: current trade finance portfolio of Letter of Credit, Import Documentary Collection, Banker’s Guarantee, Standby Letter of Credit
• Portfolio History: historical trade financing transactions
• Portfolio Limit: trade financing credit limit granted and utilisation of the limit View Portfolio Summary
1. Click on the Portfolio Summary hyperlink in the Portfolio Snapshot portlet.
2. Go to Trade Finance section and click on the Trade Account number
3. Click on each product’s hyperlink to view the list of transactions
4. Click on each transaction reference number to view the details of transactions
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2. Specify the search criteria to generate the list of transactions.
List of transaction status:
STATUS DESCRIPTION
Outstanding Transactions are still outstanding
Closed Transactions are closed
Cancelled Transactions are cancelled after bank’s approval
Bill Accepted This is only applicable for Import bill under Letter of Credit and Import Documentary Collection, when the import bills have been accepted but yet to be settled.
View Portfolio History
1. Click on Portfolio History hyperlink.
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15 View Portfolio History
1. Click on Portfolio History hyperlink
2. Specify the search criteria to generate the list of transactions
List of transaction status:
Status Description
Outstanding Transactions are still outstanding
Closed Transactions are closed
Cancelled Transactions are cancelled after bank’s approval
Bill Accepted This is only applicable for Import bill under Letter of Credit and Import Documentary Collection, when the import bills have been accepted but yet to be settled.
View Portfolio Limit
1. Click on Portfolio Limit hyperlink
Version 6.0 0414 5 of 6 OCBC Bank. All Rights Reserved
Co.Reg.No.:193200032W
5 View Portfolio History
1. Click on Portfolio History hyperlink [replace guide with this screen below]
2. Specify the search criteria to generate the list of transactions
List of transaction status:
Status Description
Outstanding Transactions are still outstanding Closed Transactions are closed
Cancelled Transactions are cancelled after bank’s approval
Bill Accepted This is only applicable for Import bill under Letter of Credit and Import Documentary Collection, when the import bills have been accepted but yet to be settled.
DI to Hubber Pte Ltd
Version 4.0 0214 15 of 109 OCBC Bank. All Rights Reserved Co.Reg.No.:193200032W
15 View Portfolio History
1. Click on Portfolio History hyperlink
2. Specify the search criteria to generate the list of transactions
List of transaction status:
Status Description
Outstanding Transactions are still outstanding Closed Transactions are closed
Cancelled Transactions are cancelled after bank’s approval
Bill Accepted This is only applicable for Import bill under Letter of Credit and Import Documentary Collection, when the import bills have been accepted but yet to be settled.
View Portfolio Limit
1. Click on Portfolio Limit hyperlink
SG 50123456101 HUBBER PTE LTD
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Version 6.0 0414 6 of 6 OCBC Bank. All Rights Reserved
Co.Reg.No.:193200032W
6 View Portfolio Limit
1. Click on Portfolio Limit hyperlink
2. Click on each limit hyperlink to view the list of transactions
3. Click on each transaction reference number to view the details of transactions View Portfolio Limit
1. Click on Portfolio Limit hyperlink.
Version 6.0 0414 6 of 6 OCBC Bank. All Rights Reserved
Co.Reg.No.:193200032W
6 View Portfolio Limit
1. Click on Portfolio Limit hyperlink
2. Click on each limit hyperlink to view the list of transactions
3. Click on each transaction reference number to view the details of transactions
Version 6.0 0414 6 of 6 OCBC Bank. All Rights Reserved
Co.Reg.No.:193200032W
6 View Portfolio Limit
1. Click on Portfolio Limit hyperlink
2. Click on each limit hyperlink to view the list of transactions
3. Click on each transaction reference number to view the details of transactions 2. Click on each limit hyperlink to view the list of transactions.
3. Click on each transaction reference number to view the details of the transaction.
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17 3. View and download a bank statement
The Statement and Account Balance Download function offers you round-‐the-‐clock access to your account statement and transactional movements. Check out the latest account status or view historical transaction records for up to 90 days.
1. Select Accounts from the top menu tabs 2. Select Statement
[CC] updated screen]
1. Select Accounts from the top menu tabs.
2. Select Statement.
3 View and download a bank statement
The Statement and Account Balance Download function offers you round-the-clock access to your account statement and transactional movements. Check out the latest account status or view historical transaction records for up to 180 days.
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3. Select Current Account under Portfolio menu.
18 3. Select Current Account under Portfolio menu.
[CC] insert screen]
4. To view earlier transactions, specify the appropriate search criteria -‐ By value date range or By month and click on Filter.
SG-501123456301-USD HUBBER PTE LTD
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4. To view earlier transactions, specify the appropriate search criteria - By value date range or By month and click on Filter.
19 [NB updated – screen]
5. Click on Download hyperlink at the bottom of the screen to save or download the statement.
Select the type/format (depending on your access rights) of your statements to be downloaded or saved in Adobe Acrobat Reader Format.
Note: Adobe Acrobat Reader version 10 & above is recommended for viewing statements online.
SG-501123456301-USD HUBBER PTE LTD
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5. Click on Download hyperlink at the bottom of the screen to save or download the statement.
Select the type/format (depending on your access rights) of your statements to be downloaded or saved in Adobe Acrobat Reader Format.
Note: Adobe Acrobat Reader version 10 & above is recommended for viewing statements online.
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Type/format of reports
SG-501123456301-USD HUBBER PTE LTD
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21 Type/format of commonly used reports
Portfolio Type Report format/type Portfolio Summary page
i. Overall Summary
ii. Cash Balances Summary Current Account
i. Account Statement Details
ii. Account Statement Summary iii. e-‐Statement CSV*
iv. e-‐Statement SWIFT MT940 v. Stop Cheque
Time Deposit i. Time Deposit
Remittance Inquiry
i. Cashier's Order
ii. Demand Draft
iii. Outgoing Telegraphic Transfer iv. Incoming Telegraphic Transfer
* For e-‐statement CSV format refer to Glossary section
6. To obtain a printout of your statements, click Print button to have it printed out.
*For e-statement CSV format refer to Glossary section
6. To obtain a printout of your statements, click Print button to have it printed out.
Type/format of commonly used reports
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4 Create a Letter of Credit (LC) Application
1. Maker to log in and select Trade Finance from the top menu tabs.
2. Select New Application under Letter of Credit.
3. Complete the information in the relevant fields.
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23 4. Create Letter of Credit (LC) Application
1. Maker to log in and select Trade Finance from the top menu tabs.
2. Select New Application under Letter of Credit
3. Complete the information in the relevant fields.
HUBBER PTE LTD
Version 4.0 0214 23 of 109 OCBC Bank. All Rights Reserved Co.Reg.No.:193200032W
23 4. Create Letter of Credit (LC) Application
1. Maker to log in and select Trade Finance from the top menu tabs.
2. Select New Application under Letter of Credit
3. Complete the information in the relevant fields.
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23 4. Create Letter of Credit (LC) Application
1. Maker to log in and select Trade Finance from the top menu tabs.
2. Select New Application under Letter of Credit
3. Complete the information in the relevant fields.
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4. Click either:
a) Save – to save transaction details.
b) Submit – submit the transaction for Authoriser(s) to authorise.
Note: For Standard Service Package users (ie. the Maker and Authoriser is the same user), users will preview and check the transaction before clicking on Submit.
Once the transaction is submitted for authorisation, its status will change to Pending Authorisation. Notify your Authoriser(s) to log in to verify and authorise the transaction before the cut-off time.
5 Create a Letter of Credit Amendment
After the Letter of Credit is issued, you can submit request for an amendment. There are 2 ways to submit the request:
1. Select Trade Finance from the top menu tabs, and select Amendment under Letter of Credit
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24 4. Click either:
a) Save – to save transaction details.
b) Submit – submit the transaction for Authoriser(s) to authorise.
Note: For Standard Service Package users (ie. the Maker and Authoriser is the same user), users will preview and check the transaction before clicking on Submit.
Once the transaction is submitted for authorisation, its status will change to Pending Authorisation. Notify your Authoriser(s) to log in to verify and authorise the transaction before the cut-‐off time.
5. Create Letter of Credit Amendment
After the Letter of Credit is issued, you can submit request for an amendment. There are 2 ways to submit the request:
1. Select Trade Finance from the top menu tabs, and select Amendment under Letter of Credit
Version 4.0 0214 24 of 109 OCBC Bank. All Rights Reserved Co.Reg.No.:193200032W
24 4. Click either:
a) Save – to save transaction details.
b) Submit – submit the transaction for Authoriser(s) to authorise.
Note: For Standard Service Package users (ie. the Maker and Authoriser is the same user), users will preview and check the transaction before clicking on Submit.
Once the transaction is submitted for authorisation, its status will change to Pending Authorisation. Notify your Authoriser(s) to log in to verify and authorise the transaction before the cut-‐off time.
5. Create Letter of Credit Amendment
After the Letter of Credit is issued, you can submit request for an amendment. There are 2 ways to submit the request:
1. Select Trade Finance from the top menu tabs, and select Amendment under Letter of Credit
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25 2. Go to Portfolio Summary page, select Trade Finance from menu, select Letter of Credit.
Select the transaction reference number and select Amend Letter of Credit.
3. Complete information in the relevant fields
2. Go to Portfolio Summary page, select Trade Finance from menu, select Letter of Credit. Select the transaction reference number and click on Amend Letter of Credit.
3. Complete the information in the relevant fields.
25 2. Go to Portfolio Summary page, select Trade Finance from menu, select Letter of Credit.
Select the transaction reference number and select Amend Letter of Credit.
3. Complete information in the relevant fields
501123456101
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4. Click either:
a) Save – to save transaction details.
b) Submit for authorisation – submit the transaction for Authoriser(s) to authorise.
Note: For Standard Service Package users (ie. the Maker and Authoriser is the same user), users will preview and check the transaction before clicking on Submit.
Once the transaction is submitted for authorisation, its status will change to Pending Authorisation. Notify your Authoriser(s) to log in to verify and authorise the transaction.
4. Click either:
a) Save – to save transaction details.
b) Submit for authorisation – submit the transaction for Authoriser(s) to authorise.
Note: For Standard Service Package users (ie. the Maker and Authoriser is the same user), users will preview and check the transaction before clicking on Submit.
Once the transaction is submitted for authorisation, its status will change to Pending Authorisation. Notify your Authoriser(s) to log in to verify and authorise the transaction.
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Version 4.0 0214 27 OCBC Bank. All Rights Reserved
27 6. Create Import Bill under Letter of Credit (IB) instruction
When the import documents under Letter of Credit have been received and checked by the bank, import bill transaction will be sent to Velocity@ocbc 2.0. There are 2 places to find this transaction:
1. Task List Portlet or
Select Trade Finance from the top menu tabs and select Pending Trade Finance Transactions.
2. Select Trade Finance from the top menu tabs and select Import Bill under Letter of Credit.
To retrieve the import bill transaction here, that particular import bill transaction must be deleted from the Task List.
6 Create an Import Bill under Letter of Credit (IB) instruction
When the import documents under Letter of Credit have been received and checked by the bank, import bill transaction will be sent to Velocity@ocbc 2.0. There are 2 places to find this transaction:
1. Task List Portlet or Select Trade Finance from the top menu tabs and select Pending Trade Finance Transactions.
2. Select Trade Finance from the top menu tabs and select Import Bill under Letter of Credit. To retrieve the import bill transaction here, that particular import bill transaction must be deleted from the Task List.
Version 4.0 0214 27 OCBC Bank. All Rights Reserved
27 6. Create Import Bill under Letter of Credit (IB) instruction
When the import documents under Letter of Credit have been received and checked by the bank, import bill transaction will be sent to Velocity@ocbc 2.0. There are 2 places to find this transaction:
1. Task List Portlet or
Select Trade Finance from the top menu tabs and select Pending Trade Finance Transactions.
2. Select Trade Finance from the top menu tabs and select Import Bill under Letter of Credit.
To retrieve the import bill transaction here, that particular import bill transaction must be deleted from the Task List.
Version 4.0 0214 27 OCBC Bank. All Rights Reserved
27 6. Create Import Bill under Letter of Credit (IB) instruction
When the import documents under Letter of Credit have been received and checked by the bank, import bill transaction will be sent to Velocity@ocbc 2.0. There are 2 places to find this transaction:
1. Task List Portlet or
Select Trade Finance from the top menu tabs and select Pending Trade Finance Transactions.
2. Select Trade Finance from the top menu tabs and select Import Bill under Letter of Credit.
To retrieve the import bill transaction here, that particular import bill transaction must be deleted from the Task List.
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3. Complete the information in the relevant fields
3. Complete the information in the relevant fields
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3. Complete the information in the relevant fields
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4. If the Transaction Currency is different from the currency of your debit account / loan currency, Foreign Exchange will be involved.
Counter Rate -‐ The Bank will use the Board Rate for that day to process your transaction.
Other Rate Types – Include FX Contracts and Special. Select FX Contracts if you have any FX contract with the bank. Select Special only if you have not been issued a contract number by your FX Dealer.
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4. If the Transaction Currency is different from the currency of your debit account / loan currency, Foreign Exchange will be involved.
Counter Rate -‐ The Bank will use the Board Rate for that day to process your transaction.
Other Rate Types – Include FX Contracts and Special. Select FX Contracts if you have any FX contract with the bank. Select Special only if you have not been issued a contract number by your FX Dealer.
29
4. If the Transaction Currency is different from the currency of your debit account / loan currency, Foreign Exchange will be involved.
Counter Rate -‐ The Bank will use the Board Rate for that day to process your transaction.
Other Rate Types – Include FX Contracts and Special. Select FX Contracts if you have any FX contract with the bank. Select Special only if you have not been issued a contract number by your FX Dealer.
4. If the Transaction Currency is different from the currency of your debit account / loan currency, Foreign Exchange will be involved.
Counter Rate – The Bank will use the Board Rate for that day to process your transaction.
Other Rate Types – Include FX Contracts and Special. Select FX Contracts if you have any FX contract with the bank. Select Special only if you have not been issued a contract number by your FX Dealer.
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31 7. File Upload & Remittance Inquiry
File Upload -‐ allows you to upload files from your payroll or accounts payable/receivables software. The generated file must be according to our specification.
Maker to login and select Transactions from the top menu tabs.
1. Select Upload File and the following screen will be displayed.
2. Select the File Format
3. Browse for the file by clicking on Choose File.
4. Click on Upload.
5. System will show File Upload Status as file is being verified.
2. Select the File Format.
3. Browse for the file by clicking on Choose File.
4. Click on Upload.
5. Click either:
a) Save – to save transaction details.
b) Submit for authorisation – submit the transaction for Authoriser(s) to authorise.
Note: For Standard Service Package users (ie. the Maker and Authoriser is the same user), users will preview and check the transaction before clicking on Submit.
Once the transaction is submitted for authorisation, its status will change to Pending Authorisation. Notify your Authoriser(s) to log in to verify and authorise the transaction.
1. Select Upload File and the following screen will be displayed.
File Upload allows you to upload files from your payroll or accounts payable/receivables software. The generated file must be according to our specification.
Maker to login and select Transactions from the top menu tabs.
7 File Upload & Remittance Inquiry
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32 6. The status will be updated automatically once the upload is completed or click on Search button to
refresh the status.
Note: If you wish to view your previous file uploads, specify the Search criteria (File Format, File Name, File Upload Date) accordingly and click on Search.
Note: If you wish to view your previous file uploads, specify the Search criteria (File Format, File Name, File Upload Date) accordingly and click on Search.
5. System will show File Upload Status as file is being verified.
6. The status will be updated automatically once the upload is completed or click on Search button to refresh the status.
32 6. The status will be updated automatically once the upload is completed or click on Search button to
refresh the status.
Note: If you wish to view your previous file uploads, specify the Search criteria (File Format, File Name, File Upload Date) accordingly and click on Search.
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33 Below are some of the statuses you may see:
File Upload Status Description
Your file is uploaded successfully. The Authoriser may proceed to authorise the transactions uploaded.
Click on the File Upload Status hyperlink to know why the upload has failed.
Please correct your file using repair function. Or you may delete the file from list.
Remittance Inquiry – allows you to enquire on your remittances for up to 90 days.
1. Select Accounts from the top menu tabs.
2. Select Overview.
3. Select Remittance Inquiry.
4. Select the type of Remittance you wish to enquire and complete the fields accordingly.
5. Click Search
33 Below are some of the statuses you may see:
File Upload Status Description
Your file is uploaded successfully. The Authoriser may proceed to authorise the transactions uploaded.
Click on the File Upload Status hyperlink to know why the upload has failed.
Please correct your file using repair function. Or you may delete the file from list.
Remittance Inquiry – allows you to enquire on your remittances for up to 90 days.
1. Select Accounts from the top menu tabs.
2. Select Overview.
3. Select Remittance Inquiry.
4. Select the type of Remittance you wish to enquire and complete the fields accordingly.
5. Click Search
Remittance Inquiry allows you to enquire on your remittances for up to 90 days.
1. Select Accounts from the top menu tabs.
2. Select Overview.
3. Select Remittance Inquiry.
4. Select the type of Remittance you wish to enquire and complete the fields accordingly.
Below are some of the statuses you may see:
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6. Click Download for PDF copy and Print for a print-out of the web version.
34 [JS – updated screen]
6. Click Download for PDF copy and Print for a print-‐out of the web version.
7. Click on Show MT103 Message hyperlink to show the MT103 message generated for the outgoing remittance.
5. Click Search
5011234561001
5011234561001
5011234561301 5011234561001
HUBBER PTE LTD
HUBBER PTE LTD HUBBER PTE LTD
HUBBER PTE LTD
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35
[JS – updated screen]
8. Click on Download to save a copy of the MT103 message in PDF format or click on Print to print a copy.
8. Switch between GIRO Payment/MEPS/Local Telegraphic Transfer screens
Velocity@ocbc 2.0 offers a feature where customer can switch between GIRO Payment, MEPS and local Telegraphic Transfer transactions all in a single screen.
1. Select Transactions from the top menu tabs.
2. Select Make a transfer to a bank locally. The screen is defaulted to GIRO Payment.
5011234561001 HUBBER PTE LTD
5011234561001 HUBBER PTE LTD
