SICS allows accurate and detailed registration of a company’s basic information, such as the name, domicile country, or address. Maintain Partner Key Information # To record or change key information such as the name or identifier of a partner. Find and open the business partner. You see the View business partner window. Click the ‘Edit’ button. You see the Edit Business Partner window. Enter the name and location information, as you require. ...
Wire transfers in SICS require bank accounts to be recorded for the partners involved in the transaction. Each bank account must be linked to a bank. In SICS banks are handled as separate partners. Find Banks by Name and Swift Code # In situations where you want to update the information on an existing bank or check if the bank exists in the system, you can use the search feature. ...
On facultative reinsurance business, one of the business partners is the insured. This has a direct relationship with the cedent, but normally not with the reinsurer. Such companies are defined as third parties in SICS. In general, the system handles third parties the same way as business partners. It does however not require as much information and it has some restrictions, like not being able to have a business partner ledger. ...