Mercury/FX400 is a Bank back office maintenance system. The system handles complete back office Operations The system comprises of various modules like Remittances(Inward and Outward), Deposits, Treasury Operation(Dealings). Remittances module deals with the inward and outward clearances. All entries are passed through various mirror accounts, daybooks and ledgers that are maintained at FD level.. The Foreign Exchange remittance information will be communicated to the FD from the foreign bank maintaining the account, in various designated currencies.

The debit/credit information is sent to the FD by respective corresponding bank on a daily basis. This inward remittance information is notified to various customers through their respective branches. The FD subsequently waits for the disposal Instructions from these branches. The disposal instructions may come in various forms for Different purposes. For credits made against cheques/DDs and for trade deals, the FD does not wait for disposal instructions.

If disposal instruction may be for full conversion and this has to be reported to the dealer for conversion. Once converted, the dealer passes on the rate of conversion. Once the deal is complete, the appropriate mirror accounts and daybooks are updated, and an IBA(Inter Bank Advise) is generated for intimations to the brances.