15.11.5 Trade Closed Notice

Markit sends the Trade Closed Notice message to Oracle Banking Corporate Lending after a trade is settled in Markit. This message consists of the following primary details.

Table 15-7 Markit Fields from XML Message

Markit Fields from XML Message	Description
TradeID	Unique Trade Id for each Markit trade. It consists of Markit Trade Id and LQT Ticket Id which is the Ticket Id of the SLT trade.
AllocationID	One Allocation ID at a time for an allocation of the Parent Trade ID. This is null if the Trade is not an allocated trade.
Effective Date	Actual Settlement Date. This is always be the current Application date in Oracle Banking Corporate Lending.
TradeCompletelySettled	The possible values are True/False. If the message is for the last trade/allocation under the Markit Trade Id/Allocation Id, then this is True. For rest of the prior messages, it remains false, as all the allocations are not yet settled.

Markit sends this message only after the Trade Match and Settlement Details notices are sent to Oracle Banking Corporate Lending. For an allocated trade, each Each Trade Closed Notice message is always for a single Markit Allocation Id. If it is an unallocated trade, then this message is for a single Markit Trade Id.

The latest trade details available in the system for the Markit trade id/allocation id sent in Trade Closed Notice message are used for validation/matching. System processes this message only to resolve the relative Oracle Banking Corporate Lending trades that can be allowed to settle manually and trade settlement is initiated automatically.

Post all the validations, the trade details are updated in the Markit Trade Settlement queue with the appropriate status. The status is updated accordingly in the Markit Agency Interface Browser also.