This is similar to an individual keeping a detailed record of every payment in and out of his or her bank account so that she/he knows the balance at any point in time.
These accounts are utilized for facilitating the settlements of forex and foreign trades.
In practice this is rarely used, the main exception being complex syndicated financing.
Thus in many banks a credit entry on an account ("CR") is regarded as negative movement, and a debit ("DR") is positive - the reverse of usual commercial accounting conventions.
This allows for a reconciliation by summing all accounts to zero (a trial balance) – the basic premise of double-entry bookkeeping.
FNBA will make the following entries in its own accounting system: Over at CMB, they record the following transaction: If C does not have an account directly with FNBA's corresponding bank, the funds may be transferred within the banking system of country B by cheque or some form of electronic funds transfer (EFT).