Microenterprise Access to Banking Services Program

Consolidation, Settlement, and Reconciliation

RBAP-SMART Money Accreditation Training

Consolidation

All or excess Smart Money Account balances of the branches is transferred to the Smart Money Account of Head Office (Cash Loading Mother Wallet) for consolidation of all Smart Money balances and settlement at the end of the day to BDO.

Transfer is done wallet-to-wallet.

Wallet to Wallet

Manual sending of funds to Head Office by using a cellphone.

Head Office

Branch1

Branch2

Branch3

Smart MoneyMOTHER Accounts

Cash Loading Mother Account

Bank Head Office and Branches must keep logs of amount transferred per branch for references purposes.

SMB CLA SMB CLA SMB CLA

Los Banos 25 July 2010

Head Office 10,000.00 072509 8:15a 1234567809

10,000.00

Los Banos July 25, 2010

Elena Dela Cruz 5299-6789-9098-5009 500.00 July 25, 201010:00 am 1234567888

Max Domingo 5299-6789-9098-9876 1,000.00 July 25, 20109:30 am 1234567852

1,000.00 500.00

Head Office

Los BanosPaeteCadelaria

25 July 2010

10,000.00

10,000.00

10,000.00

30,000.00

072509

072509

072509 8:15a

8:15a

8:15a 1234567809

1234567899

1234567811

9,500.00 072509 3:30p 1234567555

34,500.00

20,000.00 072509

072509 8:15a

8:15a 1234567899

123456781115,000.00

Los BanosPaeteCadelaria

Transfer funds from Cash Loading Account to Encashment Account

Transfer of SMART Money Cash Loading Mother Account Balance to SMART Money Sweep Mother Account.

Sweep Mother Account will have zero balance after the sweep.

SweepMother Account

Cash LoadingMother Account

Head Office

Settlement

Funds from the Sweep Mother Account are auto-sweeped and credited/transferred to the accredited bank’s enrolled BDO CA/SA.

Rural bank be enrolled with with BDO’s Auto-Sweep Settlement and enroll in the Auto-Sweep System Facility.

Sweep Mother Account

Cash LoadingMother Account

Head Office

Auto-sweep

RECONCILIATIORECONCILIATIONN

Reconciliation (Client Level)

For any discrepancy regarding balances of Smart Money Account of the Account Holder (Client), Bank must advise the Account Holder to call Smart Money Hotline 15177 (Toll Free) from his mobile phone to know every transaction details.

Reconciliation (Bank Level)

The following must be compared with the transactions logged in the Client Transaction Report and Inter-Office Transaction Report:

- Smart Money Acknowledgement Receipt

- Smart Money Transaction Confirmation Receipt

- Official Receipt- Pre-fund- Transaction Request Forms

Reconciliation (Bank Level)

Bank may also check the Balances and Transactions using Transaction Logs (such as Client Transaction Report and Inter-Office Fund Transaction Report) against Statement of Account that is provided by Smart Communications to the Bank on a per account basis.

Bank may also call Smart Money Settlement Support for concerns regarding balances.

The Smart Money Portal is another tool that Smart Money partners can use to validate and reconcile daily transactions.

Smart Money Portal

What is Smart Money Portal?

Web-based frontend tool for Smart Money trade partners (can be accessed using a web browser and internet connection)

Supports generation of transaction reports (for Phase 1) and will eventually support financial transactions such as disbursement (Phase 2)

What transactions are currently supported?

Reports Generation

Daily Transaction Summary Reports MIMOs (Networked Fulfillment Centers) MFIs (Lending)

Smart Money Accounts assigned to the Client will be the basis for reports generation

Reports can be downloaded in .csv or .txt format

How do I avail of this facility?

Client should sign an agreement with Smart (e.g. MOA for being a MIMO Center)

Client fills out application form and submits to Smart (Account Manager)

Smart creates user account and notifies Client regarding the access details

No monthly service fee will be charged to the Client

What access levels are available?

Client Admin

COMPANY

Reports Admin

BRANCH

Branch Admin

Branch User

SMART

Smart Admin

INDIVIDUAL

Individual User

Receiving AccountDisbursing Account

Branch Account

User Account

User Account

Log-On Screen

Screenshots

Screenshots

Screenshots

Sample of Generated Report

Notes:

• The portal can be opened using Internet Explorer or Mozilla Firefox. •Currently, reports are made available in the system at 11:00am.

End of Presentation