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