13.2.6 Participant Drawdown Product
The possible events and event-wise accounting entries and advices for a participant drawdown product is tabulated below.
Events to be Associated with Participant Drawdown Products
The following events are available for definition of accounting entries and advices, all being propagated when the same event is triggered in respect of the related borrower side contract, unless mentioned otherwise.Table 13-48 Events
Event | Description |
---|---|
BOOK | Triggered when participant drawdown is booked in the system. |
FLIQ | Triggered when fees are liquidated for a contract that uses the product. |
INIT | Triggered when a participant drawdown gets initiated in the system. |
LIQD | Triggered when there is a repayment of the principal component under the drawdown. |
NOTC | Triggered when a billing notice is generated for the drawdown. |
VAMB | Triggered when a value dated amendment (of Principal or Maturity Date) is booked for the drawdown. |
VAMI | Triggered for a drawdown when a value dated amendment is initiated or becomes effective in the system. |
IRFX | Triggered on the date when the interest rate is fixed for the drawdown. |
EXFX | Triggered on the date when the exchange rate is fixed for the drawdown. |
PRAM | Triggered when a participant transfer occurs for the drawdown. |
ROLL | Triggered when a drawdown is rolled over. |
INOT | Triggered when an interest rate fixing notice is generated for the drawdown. |
ENOT | Triggered when an exchange rate fixing notice is generated. |
DNOT | Triggered upon generation of a DD notice. |
RNDP | Triggered on the rounding participant contract, whenever the amount collected from the borrower for a component is more than the amount disbursed to the participants because of rounding differences. |
RNDL | Triggered on the rounding participant contract, whenever the amount collected from the borrower for a component is less than the amount disbursed to the participants because of rounding differences. |
CAMD | Triggered when a drawdown undergoes an amendment. |
ERAM | Triggered when the exchange rate of the drawdown is amended. |
IRAM | Triggered when the interest rate of the drawdown is amended. |
SGEN | Triggered when a settlement message is generated for the drawdown. |
RVPR | Triggered upon reversal of payables and receivables for a drawdown. |
PRLQ | Triggered upon liquidation of payables and receivables. |
REVN | Triggered when a back dated floating interest rate code is revised. |
MRFX | Triggered when a back dated margin rate revision occurs. |
RNOT | Triggered when capturing the rollover details for a drawdown. |
ROIX | Triggered when DD interest rate is fixed on a rollover. |
ROEX | Triggered when DD exchange rate is fixed on a rollover. |
ROBK | Triggered when rollover instruction is booked for a contract. |
TXRF | Triggered when a tax component is refunded to a participant. |
TXRV | Triggered at the time of reversing a tax refund. |
SPIX | Triggered when split re-price interest rate fixing occurs for the parent contract. |
MRGB | Triggered when merger re-price booking occurs for the parent contract. |
SPTB | Triggered when a split re-price booking occurs for the parent contract. |
SPTI | Triggered when a split re-price initiation occurs for the parent contract. |
RNET | Triggered on the date rollover is fired. |
RMNT | Triggered when Payment Message generated based on settlement days(Currency). |
CREX | Triggered when exchange rate is fixed during consolidated rollover booking. |
Event-wise Accounting Entries for Participant Drawdown Products
The possible accounting entries for the various events are given below:- BOOK
Table 13-49 BOOK
Accounting Role Amount Tag Dr /Cr CUSTOMER COMPONENT_LIQD Cr SYN_POOL COMPONENT_LIQD Dr - INIT
Table 13-50 INIT
Accounting Role Amount Tag Dr /Cr SYN_POOL PRINCIPAL Cr CUSTOMER PRINCIPAL Dr CUSTOMER COMPONENT_LIQD Cr SYN_POOL COMPONENT_LIQD Dr SYN_POOL PRINCIPAL_ADDL Cr CUSTOMER PRINCIPAL_ADDL Cr SYN_POOL PRINCIPAL_ROIN Cr ROLL_WASH PRINCIPAL_ROIN Dr - LIQD
Table 13-51 LIQD
Accounting Role Amount Tag Dr /Cr CUSTOMER PRINCIPAL_LIQD Cr SYN_POOL PRINCIPAL_LIQD Dr CUSTOMER COMPONENT_LIQD Cr SYN_POOL COMPONENT_LIQD Dr COMPONENT-TAX_PAY COMPONENT_AMT Cr CUSTOMER COMPONENT_AMT Dr SYN_POOL COMPONENT_LIQD Cr CUSTOMER COMPONENT_LIQD Dr CUSTOMER COMPONENT_LIQD Cr SYN_POOL COMPONENT_LIQD Dr Note:
In the case of payable skim, the first set of entries is passed. The second set is passed for receivable skim. - FLIQ
Table 13-52 FLIQ
Accounting Role Amount Tag Dr /Cr CUSTOMER COMPONENT_LIQD Cr SYN_POOL COMPONENT_LIQD Dr CUSTOMER COMPONENT_LIQD Cr SYN_POOL COMPONENT_LIQD Dr COMPONENT-TAX_PAY COMPONENT_AMT Cr CUSTOMER COMPONENT_AMT Dr - DNOT
Accounting Entries are not applicable for this event.
- ENOT
Accounting Entries are not applicable for this event.
- EXFX
Accounting Entries are not applicable for this event.
- INOT
Accounting Entries are not applicable for this event.
- IRFX
Accounting Entries are not applicable for this event.
- NOTC
Accounting Entries are not applicable for this event.
- PRAM
Accounting Entries are not applicable for this event.
- ROLL
Table 13-53 ROLL
Accounting Role Amount Tag Dr /Cr CUSTOMER PRINCIPAL_LIQD Cr SYN_POOL PRINCIPAL_LIQD Dr COMPONENT-TAX_PAY COMPONENT_AMT Cr CUSTOMER COMPONENT_AMT Dr ROLL_WASH PRINCIPAL_ROLL Cr SYN_POOL PRINCIPAL_ROLL Dr ROLL_WASH COMPONENT_ROLL Cr SYN_POOL COMPONENT_ROLL Dr SYN_POOL COMPONENT_LIQD (for payable skim) Cr CUSTOMER COMPONENT_LIQD Dr CUSTOMER COMPONENT_LIQD (for receivable skim) Cr SYN_POOL COMPONENT_LIQD Dr - VAMB
Accounting Entries are not applicable for this event.
- CREX
Accounting Entries are not applicable for this event.
- VAMI
Table 13-54 VAMI
Accounting Role Amount Tag Dr /Cr CUSTOMER PRINCIPAL_INCR Cr SYN_POOL PRINCIPAL_INCR Dr - RNDP
Table 13-55 RNDP
Accounting Role Amount Tag Dr / Cr CUSTOMER PRINCIPAL Cr SYN_POOL PRINCIPAL Dr CUSTOMER COMPONENT_LIQD Cr SYN_POOL COMPONENT_LIQD Dr CUSTOMER COMPONENT_PAY Cr SYN_POOL COMPONENT_PAY Dr - RNDL
Table 13-56 RNDL
Accounting Role Amount Tag Dr / Cr SYN_POOL COMPONENT_LIQD Cr CUSTOMER COMPONENT_LIQD Dr SYN_POOL COMPONENT_REC Cr CUSTOMER COMPONENT_REC Dr SYN_POOL PRINCIPAL Cr CUSTOMER PRINCIPAL Dr - CAMD
Accounting Entries are not applicable for this event.
- ERAM
Accounting Entries are not applicable for this event.
- IRAM
Accounting Entries are not applicable for this event.
- SGEN
Accounting Entries are not applicable for this event.
- PRLQ
Table 13-57 PRLQ
Accounting Role Amount Tag Dr /Cr CUSTOMER COMPONENT_PAY Cr CUSTOMER COMPONENT_REC Dr SYN_POOL COMPONENT_PAY Dr SYN_POOL COMPONENT_REC Cr - RVPR
Accounting entries are not applicable for this event.
- REVN
Accounting Entries are not applicable for this event.
- MRFX
Accounting Entries are not applicable for this event.
- ROBK
Accounting Entries are not applicable for this event.
- ROEX
Accounting Entries are not applicable for this event.
- ROIX
Accounting Entries are not applicable for this event.
- RNOT
Accounting Entries are not applicable for this event.
- SPTI
Table 13-58 SPTI
Accounting Role Amount Tag Description Cr/ Dr Customer PRINCIPAL_ SPTI To the extent of interest to be liquidated. Cr Syn_Pool PRINCIPAL_ SPTI Dr Customer PRINCIPAL_ LIQD To the extent of the residual principal (Principal O/S – Re-priced Amount) Cr Syn_Pool PRINCIPAL_ LIQD Dr Customer INTEREST_ LIQD To the extent of interest to be liquidated. Cr Syn_Pool INTEREST_ LIQD Dr - MRLQ
Table 13-59 MRLQ
Accounting Role Amount Tag Description Cr/ Dr Customer PRINCIPAL_ MRLQ To the extent of re-priced amount and customer leg routes through Reprice suspense GL. Cr Syn_Pool PRINCIPAL_ MRLQ Dr Customer PRINCIPAL_ LIQD To the extent of the residual principal (Principal O/S – Re-priced Amount) Cr Syn_Pool PRINCIPAL_ LIQD Dr Customer INTEREST_ LIQD To the extent of interest to be liquidated. Cr Syn_Pool INTEREST_ LIQD Dr - MRGI
Table 13-60 MRGI
Accounting Role Amount Tag Description Cr/ Dr Syn_Pool PRINCIPAL_ INCR To the extent of re-priced amount and customer leg routes through Reprice suspense GL. Cr Customer PRINCIPAL_ INCR Dr - TXRF
Table 13-61 TXRF
Accounting Role Amount Tag Dr /Cr COMPONENT_PAY COMPONENT_AMT Dr CUSTOMER COMPONENT_AMT Cr - TXRV
Accounting Entries are not applicable for this event.
- RNET
Table 13-62 RNET
Accounting Role AMT_TAG Dr /Cr SUSPENSE_GL NETAMNT_PAY Cr CUSTOMER NETAMNT_PAY Dr SUSPENSE_GL NETAMNT_RECV Dr CUSTOMER NETAMNT_RECV Cr
Advices for Participant Drawdown Products
The following events are available for generation of advices:Table 13-63 Event
Event | Advice |
---|---|
BOOK | You can associate PAYMENT_MESSAGE with this event. |
INIT | You can associate PAYMENT_MESSAGE with this event. |
FLIQ | You can associate PART_FEE_ADV with this event. |
LIQD | You can associate PAYMENT_MESSAGE with this event. |
DNOT | You can associate PART_DDOWN_NOTC with this event. |
ENOT | You can associate PART_EXRT_NOTC with this event. |
INOT | You can associate PART_INOT_NOTC with this event. |
EXFX | You can associate PART_EXFX_ADV (MT644) with this event. You need to suppress this advice for the borrower/participant drawdown product if you expect that the exchange rate details are captured during drawdown booking and also the exchange rate details are shared as part of drawdown notice. |
IRFX | You can associate PART_IRFX_ADV (MT644) with this event. |
NOTC | You can associate PART_BILL_NOTC with this event. |
PRAM | You can associate PART_AMND_ADV with this event. |
ROLL | You can associate PAYMENT_MESSAGE with this event. |
CAMD | You can associate PART_ROLL_ADV with this event. |
SGEN | You can associate PAYMENT_MESSAGE with this event. |
PRLQ | You can associate PAYMENT_MESSAGE with this event. |
REVN | You can associate INT_REVN_ADV with this event. |
MRFX | You can associate INT_REVN_ADV with this event. |
ROEX | You can associate PART_ROEX_ADV with this event. You need to suppress this advice for the borrower/participant drawdown product if you expect that the exchange rate details are captured during drawdown booking and also the exchange rate details are shared as part of Drawdown notice. |
ROIX | You can associate PART_ROIX_ADV with this event. |
RNOT | You can associate PART_RNOT_ADV with this event. |
TXRF | You can associate PAYMENT_MESSAGE with this event. |
RNET | You can associate PAYMENT_MESSAGE with this event. |
RMNT | You can associate PAYMENT_MESSAGE with this event. |
CREX | You can associate PART_CREX_ADV with this event. You need to suppress this advice for the borrower/participant drawdown product if you expect that the exchange rate details are captured during drawdown booking and also the exchange rate details are shared as part of Drawdown notice. |
Parent topic: Event-wise Accounting Entries and Advices