This manual is designed to help you maintain and process Islamic Derivative instruments in Oracle FLEXCUBE. It also assists you in handling all the necessary activities in the life-cycle of a derivative once it is booked. This includes the generation of messages and reports, the accrual and liquidation of profit components, the application of charges and taxes and so on.
This manual is intended for the Customer Service Representatives (CSRs) and staff in charge of setting up new products in your bank.
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The following are some of the acronyms and abbreviations you are likely to find in the manual:
Acronym |
Description |
IDV |
Islamic Derivatives |
FRA |
Forward Rate Agreements |
CCS |
Cross Currency Swaps |
IRS |
Interest Rate Swaps |
MA |
Master Agreement |
SWIFT |
Society for Worldwide Inter-bank Financial Telecommunication |
ISDA |
International Swaps and Derivatives Association |
EOD |
End of Day |
BOD |
Beginning of Day |
This manual is organized as follows:
Chapter |
Description |
Chapter 1 |
About this Manual gives information on the intended audience. It also lists the various chapters covered in this User Manual. |
Chapter 2 |
General Maintenance for the Islamic Derivatives Module deals with the maintenance of basic information that needs to be set up before the Islamic Derivatives module becomes operational |
Chapter 3 |
Defining Attributes Specific to a Islamic Derivative Products describes the procedure to define attributes specific to Islamic derivative products |
Chapter 4 |
Defining the Fair Price Revaluation Methods is used to revalue all active trade deals based on the revaluation frequency parameters that you specify while defining products |
Chapter 5 |
Processing an Islamic Derivative Contract lists and explains the details of a Islamic derivative that should be captured. It also explains how to associate an IDV product with an IDV contract |
Chapter 6 |
Confirmation of Profit and Principle Schedules details the confirmation by the counter party involved in the Contract. It also captures the details of each such confirmation received |
Chapter 7 |
Batch Processing documents the Beginning and End of Day functions that are processed by the system |
Chapter 8 |
Reports lists the possible reports that can be generated for the Module. |
Chapter 9 |
Annexure A - Accounting Entries and Advices contains an event-wise list of suggested accounting entries and advices for the Islamic Derivatives module . |
Chapter 10 |
Annexure B - Error Codes and Messages for Islamic Derivatives lists the error messages that you encounter while working with Oracle FLEXCUBE |
Chapter 11 |
Function ID Glossary has alphabetical listing of Function/Screen ID's used in the module with page references for quick navigation. |
This User Manual may refer to all or some of the following icons:
Icons |
Function |
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Exit |
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Add row |
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Delete row |
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Option List |