9. Customer Correspondence

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:

9.1 Advices

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:

9.1.1 Confirmation 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.

9.1.2 Rollover Advice for a Placement

You can generate this advice to notify the customer about the Roll-over of the placement.

9.1.3 Rollover Advice for a Borrowing

You can generate this advice to notify the customer about the Roll-over of the borrowing.

9.1.4 Initiation Advice for a Borrowing

You can generate this advice on the initiation of a borrowing to inform the customer about the details of the contract (borrowing).

9.1.5 Initiation Advice for a Placement

You can generate this advice on the initiation of a borrowing to inform the customer about the details of the contract (placement).

9.2 Advices Generated during Contract Confirmation

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

9.3 Advice Generated for the Roll-over of a Placement

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

------------------------------------------------------------

9.4 Advice Generated for the Roll-over of a Borrowing

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

-----------------------------------------------------------

9.5 Advice Generated for the Initiation of a Borrowing

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

------------------------------------------------------------

9.6 Advice Generated for the Initiation of a Placement

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

------------------------------------------------------------

9.7 Payment Messages

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

-}

9.8 Deal Confirmation Matching

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.