BAI2 file format
Posted by Kumar on April 10, 2009
Hi Guys
Many of us working in the Cash Management and treasury applications work with BAI2 files.These files contain details of Cash management and treasury payments and receipts information. Often times manay people ask what is the difference betwen cash management and treasury modules. While Oracle Cash management deals with AP and AR payments and receipts ( be it checks, ACH, Lockbox, automatic clearing) treasury deals with other sources of funding or investing activities like Money Market, Bonds, Equities, Forex operations ,swaps/options/swaptions,FRAs etc.
Cash management deals mainly with AP and AR whereas treasury deals with other products as mentioned above.
Your bank sends files (payments/receipts) in BAI2 format. Understanding the statement format is critical for a treasury analyst. I am uploading a pdf document for your ready refernce.
I want to mention here that Money Market in US is equivalent to Overnight Money or call money in APAC region. In APAC region Banks are the biggest players in the Call money market.
Thanks
Kumar
