10. Annexure A - Accounting Entries and Advices for the MM Module

10.1 Accounting entries for Money Market

This section contains details of the suggested accounting entries that can be set up, for the MM module of Oracle FLEXCUBE. The details of the suggested accounting entries are listed event-wise.

“MM Events” on page 1
“Amount Tags” on page 2
“Accounting Roles” on page 2
“Event-wise Accounting Entries and Advices” on page 4
“Entries for contracts liquidated with Previous Year Adjustment option” on page 20

10.2 MM Events

The following is an exhaustive list of events that can take place during the lifecycle of an MM contract. In the subsequent paragraphs we shall examine the accounting entries and advices for each of the events listed below.

Sl No	Event Code	Event Description	Remarks
1	BOOK	Booking a contract (Mandatory)	All Types
2	INIT	Takedown or Initiation (Mandatory)	All Types
3	ACCR	Accrual (Mandatory for products with interest payment frequency)	All Types
4	LIQD	Liquidation (Mandatory)	All Types
5	CONF	Confirmation of contract	All Types
6	CAMD	Amendment	All Types
7	ROLL	Rollover execution (treated as a liquidation + new booking)	All Types
8	REVC	Reversal (Mandatory)	All Types
9	REAS	Reassign User	All Types
10	RESD	Reversal of Residual Accrual	All Types
11	REVC	Contract Reversal	All Types
12	REVN	Rate Revision	All Types
13	REVP	Reversal of Payment	All Types
14	STCH	Status Change	Placements
15	VAMB	Value Dated Amendment Booking	All Types
16	VAMI	Value Dated Amendment Initiation	All Types
17	AFRM	Affirmation of a deal
18	UAFR	Unaffirm a deal
19	CNWV	Confirmation Waiver
20	UCNW	Unmarking of confirmation waiver

10.3 Amount Tags

The amount tags listed below are hard-coded in Oracle FLEXCUBE.

Amount Tag	Description
PRINCIPAL	Principal Amount
PRINCIPAL_DECR	Decrease in principal on amendment
PRINCIPAL_FWD	Forward takedown amount
PRINCIPAL_INCR	Increase in principal on amendment
PRINCIPAL_LIQD	Principal Amount Liquidated
PRINCIPAL_ROLL	Principal Amount Rolled over
PRINCPAL_XFWD	Principal Amount Reclassified
PRINCPAL_XREV	Principal Amount Unclassified
ROLLOVER_AMT	Rollover Amount
component_LIQD_CY	Current year Unrealized accrual amount for a component
component_LIQD_PY	Previous year Unrealized accrual amount for a component.
<INTEREST_COMPONET>_ROLL	The outstanding interest will be stored in a bridge account
PRINCIPAL_ROIN	This is the principal of the rollover child contract. It equals the amounts of PRINCIPAL_ROLL and <INTEREST_COMPONET>_ROLL.
PRINCIPAL_ADDL	The incremental Principal amount that has to be paid to borrower in a money market deal rollover

In addition to these you can define amount tags as per your requirements for interest and charges that will be attached to the product.

10.4 Accounting Roles

In this section we have provided two separate lists of sample accounting roles. List I contains accounting roles that can be set up for a Placement product. List II contains samples of accounting roles that are applicable for a Borrowing product.

10.4.1 List I – Acct Roles for a Placement Product

Accounting Role	Description	Role Type
BROKEXP	Brokerage Expense	Expense
BROKPAY	Brokerage Payable	Liability
BROKPIA	Brokerage payable in advance	Asset
ASSETGL	Asset GL for Placements	Asset
FWDASSETGL	GL for Future Dated Placements	Contingent Asset
FWDASSETOFF	Offset for Future Dated Placements	Contingent Liability
INTERINC	Fixed Interest Rate	Income
INTERRIA	Fixed Interest Rate	Liability
PENL1INC	Penal Int on Ovd Principal	Income
PENL1REC	Penal Int on Ovd Principal	Asset
CHARGINC	Common Flat Amt W/o Slab	Income
ComponentUNRL	Unrealized Income	Income
ROLL_WASH	Bridge account to wash the original parent’s outstanding balances to the child contract	Asset

10.4.2 List II – Acct Roles for a Borrowing Product

Accounting Role	Description	Role Type
LIABGL	Liability GL for Borrowings	Liability
FWDLIABGL	GL for Future Dated Borrowings	Contingent liability
FWDLIABOFF	Offset for Future Dated Borrowings	Contingent Asset
INTEREXP	Fixed Interest Rate	Expense
INTERPIA	Fixed Interest Rate	Asset
INTERPAY	Fixed Interest Payable	Liability
CHARGEXP	Common Flat Amt W/o Slab	Expense
FRTAX1_PAY	Tax payable role forFRTAX1	Liability
FRTAXS_PAY	Tax payable role for FRTAXS	Liability
ComponentREAL*	Realized Income	Income

* The ‘component’ is the ICCF component that you have created.

Note

In the accounting roles listed above the prefixes INTER (Interest), PENL (Penalty), BROK (brokerage), CHARG (Charge) FRTAX1 (Tax) and FRTAXS are ICCF components.

The suffixes stand for:

AQP	Acquired interest payable
AQR	Acquired interest receivable
EXP	Expense
PAY	Payable
PIA	Payable in advance
REC	Receivable
RIA	Received in advance

10.5 Event-wise Accounting Entries and Advices

In the subsequent sections we have defined suggested accounting entries and advices for each of the events in the life-cycle of an MM deal. Samples of accounting entries, advices, and events have been given for four different types of MM deals. They are:

MM Placement with True Discount Interest
MM Borrowing with Fixed Discounted Interest
MM Placement with Fixed Bearing Interest
MM Borrowing with Fixed Bearing Interest

Also note that some of the Amount Tag’s linked to the Accounting Roles are user defined.

10.5.1 MM Placement with True Discounted Interest

The preferences set for this product are as follows:

The payment type for this product is of True Discounted type
Forward dating is allowed for the product
Brokerage is not payable

10.5.1.1 BOOK: Booking

Accounting Entries

Accounting Role	Amount Tag	Dr./Cr. Indicator
CHARGINC	CHARG	Credit
CUSTOMER	CHARG	Debit
FWDASSETOFF	PRINCIPAL_FWD	Credit
FWDASSETGL	PRINCIPAL_FWD	Debit

Advices

Advice Name	Description
MM_DEAL_SLIP	Deal Slip
SWIFT_MESSAGE	MT320, MT330, MT335, MT350
PAYMENT_MESSAGE	Payment Message
MMCONPLA	MM Placement Confirmation

10.5.1.2 INIT: Initiation

Accounting Entries

Accounting Role	Amount Tag	Dr./Cr. Indicator
INTERRIA	INTER_LIQD	Credit
CUSTOMER	INTER_LIQD	Debit
ASSETGL	PRINCIPAL	Debit
CUSTOMER	PRINCIPAL	Credit
FWDASSETGL	PRINCIPAL_FWD	Credit
FWDASSETOFF	PRINCIPAL_FWD	Debit
FWDASSETGL	PRINCIPAL_FWD	Debit
FWDASSETOFF	PRINCIPAL_FWD	Credit
ASSETGL	PRINCIPAL_ROIN	Debit
ROLL_WASH	PRINCIPAL_ROIN	Credit
ASSETGL	PRINCIPAL_ADDL	Debit
CUSTOMER	PRINCIPAL_ADDL	Credit

Advices

Advice Name	Description
MM_CONT_ADV	Contract Advice

10.5.1.3 ACCR: Interest Accrual

Accounting Entries

Accounting Role	Amount Tag	Dr./Cr. Indicator
INTERINC	INTER_ACCR	Credit
INTERRIA	INTER_ACCR	Debit
PENL1INC	PENL1_ACCR	Credit
PENL1REC	PENL1_ACCR	Debit

Advices

No advices allowed for this event.

10.5.1.4 LIQD: Liquidation

Accounting Entries

Accounting Role	Amount Tag	Dr./Cr. Indicator
PENL1REC	PENL1_LIQD	Credit
CUSTOMER	PENL1_LIQD	Debit
ASSETGL	PRINCIPAL_LIQD	Credit
CUSTOMER	PRINCIPAL_LIQD	Debit

Advices

Advice Name	Description
SWIFT_MESSAGE	MT320, MT330, MT335, MT350
PAYMENT_MESSAGE	Payment Message

10.5.1.5 VAMB: Value Dated Amendment Booking

Accounting Entries

Nil

Advices

Advice Name	Description
MMAMDADV	Amendment Advice

10.5.1.6 VAMI: Value Dated Amendment Initiation

Accounting Entries

Nil

Advices

Advice Name	Description
SWIFT_MESSAGE	MT320, MT330, MT335, MT350

10.5.1.7 CAMD: Contract Amendment

Accounting Entries

Nil.

Advices

Advice Name	Description
SWIFT_MESSAGE	MT320, MT330, MT335, MT350

10.5.1.8 REVN: Rate Revision

Accounting Entries

No accounting entries allowed for this event.

Advices

Nil

10.5.1.9 REVC: Reversal

Accounting Entries

No accounting entries allowed for this event.

Advices

Advice Name	Description
SWIFT_MESSAGE	MT320, MT330, MT335, MT350

10.5.1.10 ROLL: Rollover

Accounting Entries

Accounting Role	Amount Tag	Dr./Cr. Indicator
PENL1REC	PENL1_LIQD	Credit
CUSTOMER	PENL1_LIQD	Debit
CUSTOMER	PRINCIPAL_LIQD	Debit
ASSETGL	PRINCIPAL_LIQD	Credit
CUSTOMER	PRINCIPAL_LIQD	Debit
ASSETGL	PRINCIPAL_LIQD	Credit
CUSTOMER	<Interest_Component>_LIQD	Debit
Interest_componentREC	<Interest_Component>_LIQD	Credit
ROLL_WASH	PRINCIPAL_ROLL	Debit
ASSETGL	PRINCIPAL_ROLL	Credit
ROLL_WASH	<Interest_Component>_ROLL	Debit
Interest_componentREC	<Interest_Component>_ROLL	Credit

Advices

Advice Name	Description
MM_ROLL_ADV	Rollover Advice
SWIFT_MESSAGE	MT320, MT330, MT335, MT350

10.5.2 MM Borrowing with Fixed Discounted Interest

The preferences set for this product are as follows:

The payment type for this product is of Discounted type
Forward dating is allowed for the product.
Brokerage is not payable

10.5.2.1 BOOK: Booking a Borrowing with fixed discounted interest

Accounting Entries

Accounting Role	Amount Tag	Dr./Cr. Indicator
CHARGEXP	CHARG	Debit
CUSTOMER	CHARG	Credit
FWDLIABGL	PRINCIPAL_FWD	Credit
FWDLIABOFF	PRINCIPAL_FWD	Debit

Advices

Advice Name	Description
MMBRKCON	Broker Confirmation
MM_DEAL_SLIP	Deal Slip
SWIFT_MESSAGE	MT320, MT330, MT335, MT350
PAYMENT_MESSAGE	Payment Message
MMCONDEP	MM Borrowing Confirmation

10.5.2.2 INIT: Initiation of a Borrowing with fixed discounted interest

Accounting Entries

Accounting Role	Amount Tag	Dr./Cr. Indicator
FRTAX1_PAY	FRTAX1_AMT	Credit
CUSTOMER	FRTAX1_AMT	Debit
CUSTOMER	FRTAXS_AMT	Debit
FRTAXS_PAY	FRTAXS_AMT	Credit
INTERPIA	INTER_LIQD	Debit
CUSTOMER	INTER_LIQD	Credit
LIABGL	PRINCIPAL	Credit
CUSTOMER	PRINCIPAL	Debit
FWDLIABGL	PRINCIPAL_FWD	Debit
FWDLIABOFF	PRINCIPAL_FWD	Credit

Advices

Advice Name	Description
MM_CONT_ADV	Contract Advice

10.5.2.3 ACCR: Accrual of interest

Accounting Entries

Accounting Role	Amount Tag	Dr./Cr. Indicator
INTEREXP	INTER_ACCR	Debit
INTERPIA	INTER_ACCR	Credit
PENL1EXP	PENL1_ACCR	Debit
PENL1PAY	PENL1_ACCR	Credit

Advices

No advices allowed for this event.

10.5.2.4 LIQD: Liquidation

Accounting Entries

Accounting Role	Amount Tag	Dr./Cr. Indicator
LIABGL	PRINCIPAL_LIQD	Debit
CUSTOMER	PRINCIPAL_LIQD	Credit
CUSTOMER	INTER_LIQD	Credit
INTPIA	INTER_LIQD	Debit

Advices

Advice Name	Description
SWIFT_MESSAGE	MT320, MT330, MT335, MT350
PAYMENT_MESSAGE	Payment Message
LIQDNOTC	Liquidation Notice

10.5.2.5 VABM: Value Dated Amendment Booking

Accounting Entries

Nil

Advices

Advice Name	Description
MMAMDADV	Amendment Advice

10.5.2.6 VAMI: Value Dated Amendment Initiation

Accounting Entries

Nil

Advices

Advice Name	Description
SWIFT_MESSAGE	MT320, MT330, MT335, MT350

10.5.2.7 CAMD: Amendment

Accounting Entries

Nil

Advices

Advice Name	Description
SWIFT_MESSAGE	MT320, MT330, MT335, MT350

10.5.2.8 REVN: Rate Revision

Accounting Entries

No accounting entries allowed for this event.

Advices

Nil

10.5.2.9 ROLL: Contract Rollover

Accounting Entries

Accounting Role	Amount Tag	Dr./Cr. Indicator
CUSTOMER	INTER_LIQD	Credit
INTERPIA	INTER_LIQD	Debit
LIABGL	PRINCIPAL_LIQD	Debit
CUSTOMER	PRINCIPAL_LIQD	Credit

Advices

Advice Name	Description
SWIFT_MESSAGE	MT320, MT330, MT335, MT350
MM_ROLL_ADV	Rollover Advice

10.5.3 MM Placement – Fixed Bearing Interest

The preferences set for this product are as follows:

The payment type for this product is of Bearing type
Forward dating is allowed for the product.

10.5.3.1 BOOK: Booking

Accounting Entries

Accounting Role	Amount Tag	Dr./Cr. Indicator
FWDASSETGL	PRINCIPAL_FWD	Debit
FWDASSETOFF	PRINCIPAL_FWD	Credit

Advices

Advice Name	Description
MMCONPLA	MM Placement Confirmation
MM_DEAL_SLIP	Deal Slip
SWIFT_MESSAGE	MT320, MT330, MT335, MT350

10.5.3.2 INIT: Initiation

Accounting Entries

Accounting Role	Amount Tag	Dr./Cr. Indicator
ASSETGL	PRINCIPAL	Debit
CUSTOMER	PRINCIPAL	Credit
FWDASSETGL	PRINCIPAL_FWD	Credit
FWDASSETOFF	PRINCIPAL_FWD	Debit
FWDASSETGL	PRINCIPAL_FWD	Debit
FWDASSETOFF	PRINCIPAL_FWD	Credit
ASSETGL	PRINCIPAL_ROIN	Debit
ROLL_WASH	PRINCIPAL_ROIN	Credit
ASSETGL	PRINCIPAL_ADDL	Debit
CUSTOMER	PRINCIPAL_ADDL	Credit

Advices

Advice Name	Description
MM_CONT_ADV	Contract Advice

10.5.3.3 ACCR: Interest Accrual

Accounting Entries

Accounting Role	Amount Tag	Dr./Cr. Indicator
INTERINC	INTER_ACCR	Credit
INTERREC	INTER_ACCR	Debit
PENL1INC	PENL1_ACCR	Credit
PENL1REC	PENL1_ACCR	Debit
PENL2INC	PENL2_ACCR	Credit
PENL2REC	PENL2_ACCR	Debit

Additional Accounting Entries for Negative Interest allowed Product

Accounting Role	Amount Tag	Dr./Cr. Indicator
Negative Interest CompEXP	Negative Interest Comp_ACCR	Debit
Negative Interest CompPAY	Negative Interest Comp_ACCR	Credit

Advices

No advices allowed for this event.

10.5.3.4 LIQD: Liquidation

Accounting Entries

Accounting Role	Amount Tag	Dr./Cr. Indicator
CUSTOMER	INTER_LIQD	Debit
INTERREC	INTER_LIQD	Credit
PENL1REC	PENL1_LIQD	Credit
CUSTOMER	PENL1_LIQD	Debit
CUSTOMER	PENL2_LIQD	Debit
PENL2REC	PENL2_LIQD	Credit
ASSETGL	PRINCIPAL_LIQD	Credit
CUSTOMER	PRINCIPAL_LIQD	Debit

Additional Accounting Entries for Negative Interest allowed Product

Accounting Role	Amount Tag	Dr./Cr. Indicator
Negative Interest CompPAY	Negative Interest Comp_LIQD	Debit
Customer	Negative Interest Comp_LIQD	Credit

Advices

Advice Name	Description
SWIFT_MESSAGE	MT320, MT330, MT335, MT350
PAYMENT_MESSAGE	Payment Message

10.5.3.5 VAMB: Value Dated Amendment Booking

Accounting Entries

Nil

Advices

Advice Name	Description
MMAMDADV	Amendment Advice

10.5.3.6 VAMI: Value Dated Amendment Initiation

Accounting Entries

Accounting Role	Amount Tag	Dr./Cr. Indicator
ASSETGL	PRINCIPAL_INCR	Debit
CUSTOMER	PRINCIPAL_INCR	Credit

Advices

Advice Name	Description
SWIFT_MESSAGE	MT320, MT330, MT335, MT350

10.5.3.7 CAMD: Contract Amendment

Accounting Entries

Nil

Advices

Advice Name	Description
SWIFT_MESSAGE	MT320, MT330, MT335, MT350

10.5.3.8 REVC: Reversal

Accounting Entries

No accounting entries allowed for this event.

Advices

Advice Name	Description
SWIFT_MESSAGE	MT320, MT330, MT335, MT350

10.5.4 REVN: Rate Revision

Accounting Entries

No accounting entries allowed for this event.

Advices

Nil

10.5.4.1 ROLL: Rollover

Accounting Entries

Accounting Role	Amount Tag	Dr./Cr. Indicator
CUSTOMER	INTER_LIQD	Debit
INTER_REC	INTER_LIQD	Credit
ASSET GL	INTER_ROLL	Debit
INTER_REC	INTER_ROLL	Credit
ASSETGL	PRINCIPAL_LIQD	Credit
CUSTOMER	PRINCIPAL_LIQD	Debit
CUSTOMER	PRINCIPAL_LIQD	Debit
ASSETGL	PRINCIPAL_LIQD	Credit
CUSTOMER	<Interest_Component>_LIQD	Debit
Interest_componentREC	<Interest_Component>_LIQD	Credit
ROLL_WASH	PRINCIPAL_ROLL	Debit
ASSETGL	PRINCIPAL_ROLL	Credit
ROLL_WASH	<Interest_Component>_ROLL	Debit
Interest_componentREC	<Interest_Component>_ROLL	Credit

Additional Accounting Entries for Negative Interest allowed Product

For Rollover of Interest

Accounting Role	Amount Tag	Dr./Cr. Indicator
Negative Interest CompPAY	Negative InterestComp_ROLL	Debit
ROLL_WASH	Negative InterestComp_ROLL	Credit

Advices

Advice Name	Description
LD_ROLL_ADV	Rollover Advice

10.5.5 MM Borrowing with Fixed Bearing Interest

The preferences set for this product are as follows:

The payment type for this product is of Bearing type
Forward dating is allowed for the product.

10.5.5.1 BOOK: Booking a Borrowing with fixed bearing interest

Accounting Entries

Accounting Role	Amount Tag	Dr./Cr. Indicator
FWDLIABGL	PRINCIPAL_FWD	Credit
FWDLIABOFF	PRINCIPAL_FWD	Debit

Advices

Advice Name	Description
MMBRKCON	Broker Confirmation
MMCONDEP	MM Borrowing Confirmation
MM_DEAL_SLIP	Deal Slip
SWIFT_MESSAGE	MT320, MT330, MT335, MT350
PAYMENT_MESSAGE	Payment Message

10.5.5.2 INIT: Initiation of a Borrowing with fixed bearing interest

Accounting Entries

Accounting Role	Amount Tag	Dr./Cr. Indicator
FRTAXC_EXP	FRTAXC_AMT	Debit
FRTAXC_PAY	FRTAXC_AMT	Credit
LIABGL	PRINCIPAL	Credit
CUSTOMER	PRINCIPAL	Debit
FWDLIABGL	PRINCIPAL_FWD	Debit
FWDLIABOFF	PRINCIPAL_FWD	Credit

Advices

Advice Name	Description
MM_CONT_ADV	Contract Advice

10.5.5.3 ACCR: Accrual of interest

Accounting Entries

Accounting Role	Amount Tag	Dr./Cr. Indicator
INTEREXP	INTER_ACCR	Debit
INTERPAY	INTER_ACCR	Credit

Additional Accounting Entries for Negative Interest allowed Product

Accounting Role	Amount Tag	Dr./Cr. Indicator
NegativeInterest CompREC	Negative Interest Comp_ACCR	Debit
NegativeInterest CompINC	Negative Interest Comp_ACCR	Credit

Advices

No advices allowed for this event.

10.5.5.4 LIQD: Liquidation

Accounting Entries

Accounting Role	Amount Tag	Dr./Cr. Indicator
INTERPAY	INTER_LIQD	Debit
CUSTOMER	INTER_LIQD	Credit
CUSTOMER	PRINCIPAL_LIQD	Credit
LIABGL	PRINCIPAL_LIQD	Debit

Additional Accounting Entries for Negative Interest allowed Productl

Accounting Role	Amount Tag	Dr./Cr. Indicator
Customer	Negative Interest Comp_LIQD	Debit
Negative Interest CompREC	Negative Interest Comp_LIQD	Credit

Advices

Advice Name	Description
SWIFT_MESSAGE	MT320, MT330, MT335, MT350
PAYMENT_MESSAGE	Payment Message

10.5.5.5 VABM: Value Dated Amendment Booking

Accounting Entries

Nil

Advices

Advice Name	Description
MMAMDADV	Amendment Advice

10.5.5.6 VAMI: Value Dated Amendment Initiation

Accounting Entries

Accounting Role	Amount Tag	Dr./Cr. Indicator
LIABGL	PRINCIPAL_INCR	Credit
CUSTOMER	PRINCIPAL_INCR	Debit

Advices

Advice Name	Description
SWIFT_MESSAGE	MT320, MT330, MT335, MT350

10.5.5.7 CAMD: Amendment

Accounting Entries

Nil

Advices

Advice Name	Description
SWIFT_MESSAGE	MT320, MT330, MT335, MT350

10.5.5.8 REVN: Rate Revision

Accounting Entries

No accounting entries allowed for this event.

Advices

Nil

10.5.5.9 ROLL: Rollover

Accounting entries

Accounting Role	Amount Tag	Dr./Cr. Indicator
CUSTOMER	INTER_LIQD	Credit
INTER_PAY	INTER_LIQD	Debit
ASSET GLLIABGL	INTER_ROLL	Credit
INTER_PAY	INTER_ROLL	Debit
ASSET GLLIABGL	PRINCIPAL_LIQD	Debit
CUSTOMER	PRINCIPAL_LIQD	Credit

Additional Accounting Entries for Negative Interest allowed Product

For Rollover of Interest

Accounting Role	Amount Tag	Dr./Cr. Indicator
LIABGL	Negative InterestComp_ROLL	Debit
Negative Interest CompREC	Negative InterestComp_ROLL	Credit

Advices

Advice Name	Description
LD_ROLL_ADV	Rollover advice

10.6 Entries for contracts liquidated with Previous Year Adjustment option

You will need to maintain the following accounting entry set-up when an MM contract is liquidated with previous year adjustment option.

During liquidation of an schedule/contract the unrealized accruals for the previous year are liquidated before liquidation of unrealized accruals for the current year.

For liquidating the interest components the system posts the following entries during Liquidation (LIQD) for a bearing contract:

Accounting Role	Amount Tag	Dr./Cr. Indicator
ComponentREC	Component_LIQD	Credit
Customer	Component_LIQD	Debit
ComponentUNRL	Component_LIQD_PY	Debit
ComponentINC	Component_LIQD_PY	Credit
ComponentUNRL	Component_LIQD_CY	Debit
ComponentINC	Component_LIQD_CY	Credit

If the interest has been collected in advance the following entries are passed:

Accounting Role	Amount Tag	Dr./Cr. Indicator
ComponentUNRL	Component_LIQD_PY	Debit
ComponentINC	Component_LIQD_PY	Credit
ComponentUNRL	Component_LIQD_CY	Debit
ComponentINC	Component_LIQD_CY	Credit

When the Amount Tag is of type component_LIQD_PY and the Accounting Role pertains to unrealized income/expense, the head for the accounting role will be replaced by the previous year adjustment GL, while passing accounting entries.

Note

In case a contract spans over multiple years, any event (Back dated Rate revision, Principal Change etc, back dated booking of contract etc.,) which causes the accrual balances of the previous year to be recomputed, the accrual entries will be posted to the current year unrealized income and expense GL only.