5.24 Viewing the Automatic Rate Set Browser

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

1. On the homepage, type LBDRSBRW and click next arrow.
   The Auto Rate Set Browser screen is displayed.

   Note:

   The fields which are marked in asterisk red are mandatory fields.

   Figure 5-89 Auto Rate Set Browser

   
   

   
   Description of "Figure 5-89 Auto Rate Set Browser"

   
   
2. The system automatically process the rate set events for the following events on authorizing the following operations:
   • IRAM event for Future dated Drawdown Booking
   • ROIX for Future Dated Split Rollover Processing
   • CRIX for Future Dated Consol Rollover Processing
   • SPIX Future Dated Split Re-Price Processing

   While authorizing the future dated transactions, the Rate set browser gets populated with future dated event details with processing status as Unprocessed. On the Rate Fixing Date, the Rate set event gets processed and the processing status is updated as Processed/ Failed based on the event processing.

   If the Rate Set Event is successfully processed, then

   • The Rate is fixed successfully for the drawdown interest components and following details are updated.
   • The Processing status is updated as Processed.
   • the event sequence number of the processed rate set event is populated.
   • The Interest Rate is automatically fixed when the rate set event is processed.

   The IRAM/ROIX/CRIX/SPIX event is auto authorized if the flag Auto auth Rate fixing events is selected.

   The IRAM/ROIX/CRIX/SPIX event is not authorized if the flag Auto auth Rate fixing events is not checked. User have to manually authorize the event.

   If the Rate Set Event processing is failed, then

   • The Rate Set Browser is updated with Process status as Failed.
   • You have to manually reprocess the failed event.
   • The Rate Set Browser have an option to reprocess the failed events in bulk or one event at a time.

   The Re-processed event have maker/checker id as below.

   • If Auto Auth Rate Fixing event is Yes, then the User id of who is reprocessing the event is displayed as Maker/Checker ids
   • If Auto Auth Rate Fixing event is No, then the User id of who is reprocessing the event is displayed as Maker id. Checker will be the approver id

   Example

   The USER1 books future dated drawdown and USER2 approves it. On authorization of the future dated drawdown, rate set browser is populated with below details:

   • Drawdown ref no
   • Main interest component
   • Rate Fixing Date
   • Process status as Unprocessed
   • Maker/checker details as blank

   If the Rate fixing event is processed automatically on the rate fixing date, below details are updated for the drawdown ref no. and for the main interest combination.

   • Interest rate
   • Event Sequence number
   • Event (IRAM)
   • Interest Rate
   • Process status as Processed
   • Maker/Checker as USER1. (Maker of Base event).

   The IRAM gets authorized when the flag Auto auth Rate fixing events is selected. Else IRAM gets unauthorized and checker id is blank in this case.

   In the above example, the USER1 is allowed to delete the unauthorized IRAM event from Interest Rate Fixing screen when the flag Auto auth Rate fixing events is not selected.

   Note that on click of Select All check box, all the unprocessed or Failed records are selected and user is allowed to reprocess all the selected records.

   You are not allowed to amend the fields in the browser, except the check box to select the event for reprocessing.

   All the processed records are removed from the browser to history data store. This is a daily activity which is done as part of End of Day process.
   This topic contains the following sub-topics:

• Automatic Rate Set Process