Transfer of funds between parties is always confirmed and corroborated with the exchange of messages, advices or receipts. The MM module incorporates the generation of various notices to the parties involved in the contract into its deal processing.
This chapter explains the types of messages generated at each stage for each type of contract that the MM module handles. Once the event is authorized you can generate various types of advices and notices at any time of the day. You can also specify the media through which these advices can be sent. For all the advices and notices discussed here the samples are given below.
This chapter contains the following sections:
To generate the advice, click on Outgoing Message Browser, under Messages in the Application Browser.
Note
The format and contents of the advices can be configured for your requirements. However, the default advice formats are available when Oracle FLEXCUBE is shipped to you.
In the MM module you can generate the following advices:
The Contract Confirmation advices are given by the bank to the customer on confirmation of the contract. A Contract Confirmation advice gives details of the deal.
You can generate this advice to notify the customer about the Roll-over of the placement.
You can generate this advice to notify the customer about the Roll-over of the borrowing.
You can generate this advice on the initiation of a borrowing to inform the customer about the details of the contract (borrowing).
You can generate this advice on the initiation of a borrowing to inform the customer about the details of the contract (placement).
MONEY MARKET CONTRACT CONFIRMATION ADVICE
Date : 29-DEC-97
Reference Number : 0003P05973630002
From,
MAIN BRANCH - BOMBAY
D N ROAD, FORT
BOMBAY 400 001
INDIA
To,
CITIBANK Moscow
39 Sadavo
Spasskaya Street
Moscow 107078
CIF
WE CONFIRM THAT A MM PLACEMENT 05
HAS BEEN ACCEPTED AS PER THE DETAILED BELOW
BOOKING DATE : 29-DEC-97
VALUE DATE : 01-JAN-98
MATURITY DATE : 15-FEB-98
CALCULATION METHOD : 30[Euro]/365
AMOUNT : 10,000,000.00 GBP
WE REQUEST YOU TO ACKNOWLEDGE THE CONTRACT ON THE DUPLICATE
AMERICAN BANK
AUTHORIZED SIGNATORY
MONEY MARKET DEPOSIT CONTRACT CONFIRMATION ADVICE
Date : 29-DEC-97
Reference Number : 000MB07973630001
From,
MAIN BRANCH - BOMBAY
D N ROAD, FORT
BOMBAY 400 001
INDIA
To,
TANAKA & TANAKA
GUTSHAUS
37133 RECKERSHAUSEN
GERMANY
CIF
WE CONFIRM THAT A Money market borrowing - 07
HAS BEEN ACCEPTED AS PER THE DETAILED BELOW
BOOKING DATE : 29-DEC-97
VALUE DATE : 29-DEC-97
MATURITY DATE : 28-MAR-98
CALCULATION METHOD : 30[Euro}/Actual
AMOUNT : 99,999.00 DEM
WE REQUEST YOU TO ACKNOWLEDGE THE CONTRACT ON THE DUPLICATE
AMERICAN BANK
AUTHORIZED SIGNATORY
MONEY MARKET BROKER CONFIRMATION ADVICE
Date : 29-DEC-97
Reference Number : 0003P04973630002
Broker Code : SW1001
From,
MAIN BRANCH - BOMBAY
D N ROAD, FORT
BOMBAY 400 001
INDIA
To,
Lucy King
23 Upperway
Old Avenue
WE CONFIRM THAT A MM PLACEMENT 04
HAS BEEN ACCEPTED AS PER THE DETAILED BELOW
BOOKING DATE : 29-DEC-97
VALUE DATE : 29-DEC-97
MATURITY DATE : 01-JAN-98
CALCULATION METHOD : Actual/365
AMOUNT : 12,000,000.00 AUD
THE BROKERAGE INFORMATION DETAILED BELOW
VALUE DATE : 29-DEC-97
METHOD : ADVANCE
AMOUNT : 25,000.00 USD
WE REQUEST YOU TO ACKNOWLEDGE THE CONTRACT ON THE DUPLICATE
AUTHORIZED SIGNATORY
ROLLOVER ADVICE FOR A PLACEMENT
MM PLACEMENT 04
Transaction Date : 01-JAN-98
Our Reference No : 0003P04983630002
User Reference No : TC8
US1009
516 W 34 St
New York
NY 10001
THE CONTRACT HAS BEEN ROLLED OVER WITH FOLLOWING DETAILS :
Principal Amount
------------------------------------------------------------
Old Principal Amount : 12,000,000.00 AUD
Principal Amount : 12,000,000.00 AUD
Value Date : 01-JAN-98
Maturity Date : 04-JAN-98
Tenor : 3 DAYS
INTEREST/FEE DETAILS
Description Amount CCY Rate Interest Basis
------------------------------------------------------------
INTEREST - AUD 13.5* Actual/365
------------------------------------------------------------
*SUBJECT TO CHANGE
Transaction on Initiation
------------------------------------------------------------
Component Value Date Account Amount CCY
------------------------------------------------------------
Component Description Account Branch
------------------------------------------------------------------------------
INTEREST 01-JAN-98 BNKCUL-US1009-017 8,798.75 USD
MM INT PLACEMENTS 000
------------------------------------------------------------
YOUR PAYMENT SCHEDULE WILL BE AS GIVEN BELOW
Component Amount CCY
------------------------------------------------------------
Schedule Date : 04-JAN-98
INTEREST 13,315.50 AUD
PRINCIPAL 12,000,000.00 AUD
------------------------------------------------------------
SETTLEMENT DETAILS
------------------------------------------------------------
Component Dr/Cr Br Account CCY
------------------------------------------------------------
INTEREST R 000 BNKCUL-US1009-017 USD
MMR002_AMT R 000 BNKCUL-US1009-017 USD
PRINCIPAL P 000 BNKCUL-US1009-017 USD
PRINCIPAL_INCR P 000 BNKCUL-US1009-017 USD
PRINCIPAL_LIQD R 000 BNKCUL-US1009-017 USD
------------------------------------------------------------
ROLLOVER ADVICE FOR A BORROWING
Money market borrowing - 08
Transaction Date : 31-JAN-98
Our Reference No : 000MB08980010001
User Reference No : TC51
GB1003
Endsleign Court
24 Upper Woburn Place
London WC1H 0HA
THE CONTRACT HAS BEEN ROLLED OVER WITH FOLLOWING DETAILS :
Principal Amount
----------------
Old Principal Amount : 10,000,000.00 GBP
Principal Amount : 10,046,916.25 GBP
Value Date : 31-JAN-98
Maturity Date : 01-MAR-98
Tenor : 30 DAYS
INTEREST/FEE DETAILS
Description Amount CCY Rate Interest Basis
------------------------------------------------------------
INTEREST - GBP 6.25* 30[Euro]/365
------------------------------------------------------------
*SUBJECT TO CHANGE
Transaction on Initiation
------------------------------------------------------------
Component Value Date Account Amount CCY
------------------------------------------------------------
Component Description Account Branch
------------------------------------------------------------
------------------------------------------------------------
OUR PAYMENT SCHEDULE WILL BE AS GIVEN BELOW
Component Amount CCY
------------------------------------------------------------
Schedule Date : 01-MAR-98
INTEREST 53,331.75 GBP
PRINCIPAL 10,046,916.25 GBP
------------------------------------------------------------
SETTLEMENT DETAILS
------------------
Component Dr/Cr Br Account CCY
------------------------------------------------------------
INTEREST P 000 BNKCUF-GB1003-018 GBP
PRINCIPAL R 000 BNKCUF-GB1003-018 GBP
PRINCIPAL_INCR R 000 BNKCUF-GB1003-018 GBP
PRINCIPAL_LIQD P 000 BNKCUF-GB1003-018 GBP
-----------------------------------------------------------
INITIATION ADVICE FOR A BORROWING
Money market borrowing - 07
Transaction Date : 29-DEC-97
Our Reference No : 000MB07973630001
User Reference No : TC29
GE1000
GUTSHAUS
37133 RECKERSHAUSEN
GERMANY
WE CONFIRM HAVING TAKEN FROM YOU
Principal Amount
------------------------------------------------------------
Principal Amount : 99,999.00 DEM
Value Date : 29-DEC-97
Maturity Date : 28-MAR-98
Tenor : 90 DAYS
INTEREST/FEE DETAILS
Description Amount CCY Rate Interest Basis
------------------------------------------------------------
INTEREST - DEM 10 30[Euro}/Actual
------------------------------------------------------------
Transaction on Initiation
------------------------------------------------------------
Component Value Date Account Amount CCY
-----------------------------------------------------------
Component Description Account Branch
------------------------------------------------------------
INTEREST 29-DEC-97 CORCUL-GE1000-011 1,436.25 USD
Interest Component 000
MMR003_AMT 29-DEC-97 CORCUL-GE1000-011 1,000.00 USD
Tax amount Tag MMR003_AMT 000
PRINCIPAL 29-DEC-97 CORCUL-GE1000-011 59,041.50 USD
Principal Amount 000
------------------------------------------------------------
OUR PAYMENT SCHEDULE WILL BE AS GIVEN BELOW
Component Amount CCY
------------------------------------------------------------
Schedule Date : 28-MAR-98
INTEREST 2,433.00 DEM
PRINCIPAL 99,999.00 DEM
------------------------------------------------------------
SETTLEMENT DETAILS
------------------------------------------------------------
Component Dr/Cr Br Account CCY
------------------------------------------------------------
INTEREST P 000 CORCUL-GE1000-011 USD
MMR003_AMT R 000 CORCUL-GE1000-011 USD
PRINCIPAL R 000 CORCUL-GE1000-011 USD
PRINCIPAL_LIQD P 000 CORCUL-GE1000-011 USD
------------------------------------------------------------
INITIATION ADVICE FOR A PLACEMENT
MM PLACEMENT 04
Transaction Date : 29-DEC-97
Our Reference No : 0003P04973630002
User Reference No : TC8
US1009
516 W 34 St
New York
NY 10001
WE CONFIRM HAVING PLACED WITH YOU
Principal Amount
------------------------------------------------------------
Principal Amount : 12,000,000.00 AUD
Value Date : 29-DEC-97
Maturity Date : 01-JAN-98
Tenor : 3 DAYS
INTEREST/FEE DETAILS
Description Amount CCY Rate Interest Basis
------------------------------------------------------------
INTEREST - AUD 12.5* Actual/365
------------------------------------------------------------
*SUBJECT TO CHANGE
Transaction on Initiation
------------------------------------------------------------
Component Value Date Account Amount CCY
-----------------------------------------------------------
Component Description Account Branch
------------------------------------------------------------------------------
PRINCIPAL 29-DEC-97 BNKCUL-US1009-017 8,469,791.00 USD
Principal Amount 000
------------------------------------------------------------
YOUR PAYMENT SCHEDULE WILL BE AS GIVEN BELOW
Component Amount CCY
------------------------------------------------------------
Schedule Date : 01-JAN-98
INTEREST 12,329.00 AUD
PRINCIPAL 12,000,000.00 AUD
------------------------------------------------------------
SETTLEMENT DETAILS
------------------------------------------------------------
Component Dr/Cr Br Account CCY
------------------------------------------------------------
INTEREST R 000 BNKCUL-US1009-01USD
17
MMR002_AMT R 000 BNKCUL-US1009-01USD
17
PRINCIPAL P 000 BNKCUL-US1009-01USD
17
PRINCIPAL_INCR P 000 BNKCUL-US1009-01USD
17
PRINCIPAL_LIQD R 000 BNKCUL-US1009-01USD
17
------------------------------------------------------------
Payment messages or SWIFT messages are generated at takedown for placements, and at the time of contract maturity and interest liquidation for deposits. Swift confirmation message MT320 is generated for contracts whose maturity type is ‘FIXED’ and for contracts with maturity type ‘NOTICE’, Swift confirmation message is MT330 is generated.
The format of the messages depends on the type of deal entered into. The contents of the messages are taken from the Contract Input screen.
{1:F01APACGB61A0011111111111}
{2:I330ULSTGB99XBR1N}
{3:{108:008MSOG12265083R}}
{4:
:15A:
:20:008MBI2122653001
:22A:NEWT
:22B:CONF
:22C:APAC610005ULST99
:82A:APACGB61001
:87A:ULSTGB99BR1
:15B:
:17R:B
:30T:20120921
:30V:20120921
:38A:2
:32B:GBP1000,
:37G:5,
:14D:ACT/360
:15C:
:57A:ULSTGB99BR1
:15D:
:57A:ULSTGB99BR1
:15E:
:57A:ULSTGB99BR1
-}
Oracle FLEXCUBE allows you to match deal confirmation. To do this, you need to invoke the ‘Jobs Browser’ screen by typing ‘CSSJOBBR’ in the field at the top right corner of the Application Browser and clicking the adjoining arrow button.
Specify the following details.
Job Module
Select ‘MS’ from the adjoining drop-down list.
Process
Specify ‘PR_AUTO_MT100_FT_MAN’ as the process.
Click ‘Start’ to run the job.
After running the Job, system will process the incoming message and match the following details with those of the existing deals in the system:
Incoming messages MT320 and MT330 will be available in the system. If the details of an incoming message match with an existing deal in the system, then confirmation will happen. The system will trigger the ‘CONF’ event for the respective deals.