15.11 Messages from Markit for Trade Settlement in SLT
The messages received from Markit are mainly for identifying the workflow, displaying the funding memo and enabling the user for initiating SLT trade settlement.
The following messages are communicated from Markit to Oracle Banking Corporate Lending for processing trade settlement from in SLT module.
Table 15-4 Messages
| Message | Description | Occurrence | Flow |
|---|---|---|---|
| Trade Match Notification | Markit sends successful match message to both buyer and seller of the trade. System consumes this message and populates it in the Trade settlement Queue to do a trade match. | Can be received multiple times prior to Settlement. | Markit to Oracle Banking Corporate Lending |
| Trade Allocation Message | Allocation definition structure. System consumes this message and populates in the Trade settlement Queue and does a trade match. | Can be received multiple times prior to Settlement. | Markit to Oracle Banking Corporate Lending |
| Trade Status Update Notification | Possible Trade Status from Markit:
|
Can be received only once prior to Settlement. | Markit to Oracle Banking Corporate Lending |
| Settlement Details | Settlement details for a Secondary trade.
This is the Markit funding memo that system uses to compare with the Funding memo generated by the system as per the balances in the system. |
Can be received multiple times prior to Settlement. | Markit to Oracle Banking Corporate Lending |
| Trade Closed | Notification of trade closing for counterparties from Markit. | Can be received only once on closure of the trade in Markit. | Markit to Oracle Banking Corporate Lending |
The FpML message from Markit would be parsed by the Java adapter. If Markit Trade Settlement Allowed box is deselected in Loans Parameters screen, then Markit messages are not processed in the system. However, if this check box is selected, then all the Markit messages are uploaded by the Java adapter the system.
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