1.6.2 Capturing Rate Fixing Days

The loan index rates (Base rates) are loaded to the system always with effective date. This means that rates upload date is same as effective date at the rates data store. Index rates available today to upload in to the system is the effective date same as today. The rates are uploaded always at the HO branch and subsequently these rates are propagated to all the transaction branches.

Whenever rate derivation is done in OBCL, the system considers the index rates as of value date prior to rate fixing days, therefore it is referred as Rate Fixing Days.

For example, if you book a contract today but you need index rate prior to 3 days, then you can mention =3 in Rate Fixing Days. Then the system considers 3 days prior index rate.

In case index rates are not available in the system, then an error message is displayed.

OBCL does not allow EOD process when index rates are not available for a day and there are any rate exceptions that need to be reprocessed.

For bilateral loans, rate fixing is applicable during the following life cycle of a loan.

• Disbursement / Initiation
• Rate Revisions
• Rollover

To capture details of rate fixing days maintenance screen

Specify the User ID and Password, and login to Homepage.

1. On the Homepage, type OLDCCYRF and click next arrow.
   The Rate Fixing Days Maintenance screen is displayed.

   Figure 1-10 Rate Fixing Days Maintenance

   
   

   
   Description of "Figure 1-10 Rate Fixing Days Maintenance"

   
   
2. You can enter below details in this screen. For information on fields, refer to the field description table.

   Table 1-16 Rate Fixing Days Maintenance

   Field	Description
   Currency	Enter the currency. You can maintain rate fixing days for each currency. The currency details are defined in the Currency Details screens (CYDCDEFE).
   Rate Fixing Days	Enter the rate fixing days. The rate fixing days must be greater than zero and not greater than 5 days.