Contents
1. Preface
1.1 Introduction
1.2 Audience
1.3 Documentation Accessibility
1.4 Organization
1.5 Related Documents
1.6 Glossary of Icons
2. Overview of Murabaha Money Market Module
2.1 Introduction
2.1.1 Automatic Deal Upload
2.1.2 Architectural Advantages
2.1.3 Quick and Easy Retrieval of Information
2.2 Product Definition Facility
2.2.1 Defining Murabaha Money Market Schemes as Products
2.2.2 Advantage of Defining a Product
2.3 Automatic Processing Features
2.4 Settling Murabaha Money Market Deals
2.5 Rolling Over Deals
2.6 Tracking and Retrieval of Information
3. Defining Attributes of a Murabaha Money Market Product
3.1 Islamic Money Market - Product Definition
3.1.1 Defining a Money Market Product
3.1.2 Specifying the Product Type
3.2 Setting Product Preferences
3.2.1 Setting the Accrual Frequency Details
3.2.2 Specifying Tenor related Details
3.2.3 Specifying Exchange Rate Variance
3.2.4 Indicating Fields to be Rekeyed during Authorization
3.2.5 Prioritizing the Liquidation of Components
3.2.6 Defining other Preferences
4. Processing a Murabaha MM Deal
4.1 Invoking the Deal Input Screen
4.2 Features of the Contract Details Screen
4.2.1 Specifying Settlement Details
4.3 Preferences for a Deal
4.3.1 Stating Preferences for a Deal
4.3.2 Handling a Repayment Schedule Date that Falls Due on a Holiday
4.3.3 Amortization Type
4.3.4 Ascertaining Availability of Funds before an Automatic Liquidation
4.4 Modifying a Placement or a Borrowing
4.5 Financial Details that can be Changed
4.6 Reversing and Rebooking Contracts
4.7 Viewing the other Details of a Deal
4.8 Advices for deal initiation
4.9 Viewing Event Details
4.10 Viewing Accounting Entries for Deal Initiation
4.11 Viewing the Different Versions of a Deal
4.12 Initiating a Future Value Dated Deal
4.12.1 Initiating Future Dated Murabaha MM Deals Manually
4.13 Maintaining the Commodity Details for a Contract
4.14 Viewing Islamic Money Market Contracts Details
4.15 Bulk MM Contracts Details
4.15.1 Authorizing Bulk MM Contracts
4.15.2 Authorizing the Deals
4.15.3 Viewing the Errors
4.15.4 Viewing the Settlement Details
4.15.5 Viewing the Details of the Deal
4.16 Reassigning the Murabaha MM Contract to another User
5. Processing Repayments
5.1 Defining Schedules for a Product
5.2 Product Schedule Preferences
5.2.1 Setting Product Schedule Preferences
5.2.2 Specifying the Mode of Liquidation
5.2.3 Liquidating Back Valued Schedules during Initiation
5.2.4 Specifying the Payment Method
5.2.5 Indicating the Schedule Type
5.3 Features of the Product Default Schedules Screen
5.3.1 Specifying the Component
5.3.2 Setting the Reference Date
5.3.3 Specifying the Frequency of Schedules
5.3.4 Specifying the Frequency Unit
5.3.5 Specifying the Start Date
5.4 Defining Repayment Schedules
5.5 Setting Deal Schedule Preferences
5.5.1 Liquidating Back Valued Schedules
5.6 Invoking the Contract Schedules Screen
5.7 Revision and Repayment Schedules
5.7.1 Profit Rate Revision Schedule
5.7.2 Specifying the Rate Revision Frequency
5.8 Redefining Schedules
5.8.1 Authorizing a Redefined Schedule
5.9 Viewing Schedule Details
5.10 Viewing Revision Schedule Details
5.11 Making Manual Payments
5.12 Invoking the Contract Schedule Payments Screen
5.13 Features of the Contract Schedule Payments Screen
5.13.1 Input of Manual Payments
5.14 Navigating to Other Screens
5.15 Paying Tax
5.16 Settlements Screen Details
5.16.1 Maintaining the Settlements Screen
5.16.2 Furnishing the ERI Value in Messages
5.16.3 Suppressing Messages
5.16.4 Viewing the Schedule Breakup Details
5.16.5 Schedule Payment Component
5.16.6 Schedule Payment Due Date
5.16.7 Basis Amount
5.16.8 Schedule payment Amount Paid
5.17 Deleting Manual Payments
5.18 Reversing Manual Payments
5.19 Authorizing Manual Payments
6. Making Profit Rate Changes
6.1 Navigating to the Schedule Definition Screen
6.2 Settlement Instructions
6.3 Deleting Value Dated Changes
6.4 Uploading the Contracts for Amendment
6.5 Authorization of Changes
7. Rolling Over a Deal
7.1 Specifying Rollover for a Murabaha Product
7.1.1 Mode of Rollover – Manual or Automatic
7.1.2 Impact of Liquidation Mode on Rollover
7.2 Features of the Murabaha Product Rollover Details Screen
7.2.1 Rollover of Profit, Charge and Fee Components
7.2.2 Updating Credit Limit Utilization
7.2.3 Applying Tax on Rollover
7.2.4 Applying Brokerage
7.2.5 Rolling Over with Profit
7.2.6 Liquidating Tax on Principal upon Rollover
7.2.7 Specifying the Rollover Mechanism
7.2.8 Capturing the Rollover Method
7.3 Specifying Contract Rollover Details
7.4 Features of the Contract Rollover Screen
7.4.1 Specifying Rollover Details of Profit, Charge and Fee
7.4.2 Updating Credit Limit Utilization
7.4.3 Applying Tax
7.4.4 Indicating the Rollover Tenor
7.4.5 Specifying the Rollover Mechanism
7.4.6 Capturing the Rollover Method
7.4.7 Rolling Over a Deal with Profit or without Profit
7.4.8 Deduct Tax on Rollover
7.4.9 Automatic Rollover of a Contract
7.4.10 Rolling Over a Contract Manually
7.4.11 Special Rollover Amount
7.4.12 Specifying the Maturity Type
7.5 Processing of Rolled Over MM Contract
7.6 Rolling Over a Deal Manually
7.7 Advices for a Rolled Over Deal
7.8 Authorizing a Manual Rollover
8. Automatic Processing
8.1 Automatic Events in the Life Cycle of a Deal
8.1.1 Beginning of Day Processes:
8.1.2 End of Day Processes:
8.2 Specifying Branch Parameters
8.2.1 Confirmation Messages
8.2.2 Account Statement
8.3 Invoking the Batch Process
8.4 Initiating the Automatic Contract Update Function
8.4.1 Processing During Beginning of Day
8.4.2 Processing During End of Day
8.4.3 Processing for Holidays
8.5 Initiating a Future Value Dated Deal
8.6 Processing an Automatic Repayment
8.6.1 Advices Generated for a Repayment
8.7 Generation of Billing Advices
8.8 Automatic Rollover of a Deal
8.8.1 Advices for Rollover
8.8.2 Automatic Status Changes
8.8.3 Automatic Status Change
8.8.4 Advices to be Generated for a Status Change
8.9 Accrual of ICCF Components
8.9.1 Contents of the Accrual Control Journal
8.9.2 Intra Day Accruals
8.10 Profit Rate Revision on a Deal
8.11 Value Dated Changes
8.11.1 Advices Generated for Value Dated Changes
8.12 Triggering the Year-end Batch Process for Collecting Contract-Wise Data
8.13 Commodity Upload
9. Customer Correspondence
9.1 Advices
9.1.1 Confirmation Advices
9.1.2 Rollover Advice for a Placement
9.1.3 Rollover Advice for a Borrowing
9.1.4 Initiation Advice for a Borrowing
9.1.5 Initiation Advice for a Placement
9.1.6 Liquidation Advice for a Placement
9.1.7 Advices Generated During Contract Confirmation
9.1.8 Advice Generated for the Roll-Over of a Placement
9.1.9 Advice Generated for the Roll-Over of a Borrowing
9.1.10 Advice Generated for the Initiation of a Borrowing
9.1.11 Advice Generated for the Initiation of a Placement
9.1.12 Advice for Liquidation of Placement
9.2 Payment Messages
10. Annexure A - Accounting Entries and Advices for the Murabaha MM Module
10.1 MMM Events
10.2 Amount Tags
10.3 Accounting Roles
10.3.1 List I – Acct Roles for a Placement Product
10.3.2 List II – Acct Roles for a Borrowing Product
10.4 Event-wise Accounting Entries and Advices
10.4.1 MMM Placement with True Discounted Profit
10.4.2 MMM Borrowing with Fixed Discounted Profit
10.4.3 MMM Placement – Fixed Bearing Profit
10.4.4 MMM Borrowing with Fixed Bearing Profit
10.5 Entries for contracts liquidated with Previous Year Adjustment option
10.5.1 OFFR: Offer/Acceptance of Offer
11. Reports
11.1 Accrual Control Report
11.1.1 Contents of the Report
11.2 Broker Confirmation Pending Report
11.2.1 Contents of the Report
11.3 Islamic Money Market Brokerage Details Report
11.3.1 Contents of the Report
11.4 Islamic Money Market Profit Calculation Report
11.4.1 Contents of the Report
11.5 Islamic Money Market Counterparty Confirmation Pending Journal
11.5.1 Contents of the Report
11.6 Contract Event Details Report
11.6.1 Contents of the Report
11.7 Islamic Money Market Forward Contracts Report
11.7.1 Contents of the Report
11.8 Islamic Money Market Forward Changes Report
11.8.1 Contents of the Report
11.9 Maturity Report
11.9.1 Contents of the Report
11.10 Overdue Schedules Report
11.10.1 Contents of the Report
11.11 Contract Retrieval Report
11.11.1 Contents of the Report
11.12 Rate Revision Report
11.12.1 Contents of the Report
12. Function ID Glossary