13.7 Accounting Entries for LOR
Agent case (Sell type Deal type Assignment)
- During Trade settlement system populates LOR adjustment data in the funding memo.
- If you select the Settled Interest check box, the buyer pays the seller on the Settlement Date an amount equal to interest or fees accrued to the Settlement Date.
- During LT to LB handoff system posts the accounting entries at participant contract level during PRAM event.
Table 13-105 Agent case (Sell type Deal type Assignment)
Accounting Role | Amount Tags | Dr/Cr. Indicator | Description |
---|---|---|---|
SYN_POOL | INT_LIQD | Cr | These entries relate to Buyer in the Sell trade for an Agent case with Deal type as Assignment. |
CUSTOMER | INT_LIQD | Dr | |
SYN_POOL | INT_LIQD | Dr | These entries relate to Seller in the Sell trade for an Agent case with Deal type as Assignment. |
CUSTOMER | INT_LIQD | Cr |
Agent case (Sell type Deal type Participant) - Silent Participant
- During trade settlement system populates LOR adjustment data in the funding memo.
- If you select the Settled Interest check box, the buyer pays the seller on the Settlement Date an amount equal to interest or fees accrued to the Settlement Date.
- During LT to LB handoff system posts the accounting entries at participant contract level during PRAM event.
Silent Participant side
Table 13-106 Agent case
Accounting Role | Amount Tags | Dr/Cr. Indicator | Description |
---|---|---|---|
SYN_POOL | INT_LIQD | Cr | TThese entries relate to Buyer (Silent Participant) in the Sell trade for an Agent case with Deal type as Assignment. |
CUSTOMER | INT_LIQD | Dr | |
SYN_POOL | INT_LIQD | Dr | These entries relate to Seller in the Sell trade for an Agent case with Deal type as Assignment. |
CUSTOMER | INT_LIQD | Cr |
Agent case (Buy type Deal type Assignment)
- During trade settlement system populates LOR adjustment data in the funding memo.
- If you select the ‘Settled Interest’ check box, the Buyer pays the Seller on the ‘Settlement Date’ an amount equal to interest or fees accrued to the ‘Settlement Date’.
- During LT to LB handoff the system posts the accounting entries at participant contract level during PRAM event.
Table 13-107 Agent case (Buy type Deal type Assignment)
Accounting Role | Amount Tags | Dr/Cr. Indicator | Description |
---|---|---|---|
SYN_POOL | INT_LIQD | Cr | These entries relate to Buyer in the Buy trade for an Agent case with Deal type as Assignment. |
CUSTOMER | INT_LIQD | Dr | |
SYN_POOL | INT_LIQD | Dr | These entries relate to Seller in the Buy trade for an Agent case with Deal type as Assignment. |
CUSTOMER | INT_LIQD | Cr |
Participant case (Sell type Deal type Participant)
- During Trade settlement system populates LOR adjustment data in the funding memo.
- If you select the Settled Interest check box, the buyer pays the seller on the Settlement Date an amount equal to interest or fees accrued to the Settlement Date.
- During LT to LB handoff system posts the accounting entries at participant contract level during PRAM event.
Table 13-108 Participant case (Sell type Deal type Participant)
Accounting Role | Amount Tags | Dr/Cr. Indicator | Description |
---|---|---|---|
SYN_POOL | INT_LIQD | Cr | These entries relate to Buyer in the Sell trade for an Participant case with Deal type as Participant. |
CUSTOMER | INT_LIQD | Dr | |
SYN_POOL | INT_LIQD | Dr | These entries relate to Seller in the Sell trade for an Participant case with Deal type as Participant. |
CUSTOMER | INT_LIQD | Cr |
Participant Transfer Changes
- Agent case
- During participant transfer the system populates LOR adjustment data.
- If you select the Settled Interest check box, the buyer pays the seller on the Participant value Date an amount equal to interest or fees accrued to the Settlement Date.
- System posts the accounting entries at participant contract level during PRAM event.
Table 13-109 Participant Transfer Changes - Agent case
Accounting Role Amount Tags Dr/Cr. Indicator Description SYN_POOL INT_LIQD Cr These entries relate to Buyer in the Sell Participant transfer for an Agent case. CUSTOMER INT_LIQD Dr SYN_POOL INT_LIQD Dr These entries relate to Seller in the Sell Participant transfer for an Agent case. CUSTOMER INT_LIQD Cr - Participant case
- During participant transfer system does not populate LOR adjustment data.
- You can input manually any amount in interest and fee fields as part of manual LOR Adjustment.
- The system posts the accounting entries at participant contract level during PRAM event.
Table 13-110 Participant Transfer Changes - Participant case
Accounting Role Amount Tags Dr/Cr. Indicator Description SYN_POOL INT_LIQD Cr These entries relate to Buyer in the Sell Participant transfer for an Participant case. CUSTOMER INT_LIQD Dr SYN_POOL INT_LIQD Dr These entries relate to Seller in the Sell Participant transfer for an Participant case CUSTOMER INT_LIQD Cr
Parent topic: Appendix A – Events, Advices and Accounting Entries