4.15 Capturing Funding Memo Details

Funding memo is and advice sent to the trade counterparty, containing the trade details like counterparty, agency contract details, trade date, global commitment amount, drawdown details, fee details, settlement accounts, and so on.

You can capture the funding memo details as well as the settlement details in the Trade Settlement/ Funding Memo Generation screen.

To capture details of trade settlement screen

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

1. On the homepage, type TLDSETTL and click next arrow.
   The Trade Settlement Detailed screen is displayed.

   Note:

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

   Figure 4-24 Trade Settlement Detailed

   
   

   
   Description of "Figure 4-24 Trade Settlement Detailed"

   
   
2. The basic trade details are defaulted in this screen.

   Note:

   ClearPar trade ID is view only during trade settlement. Oracle Banking Corporate Lending does not perform any validations (except special character validation) for the ClearPar trade ID value during trade booking and trade amendment.

   You can enter the following details in Trade Settlement Detailed screen. For information on fields, refer to the field description table.

   Table 4-20 Trade Settlement Detailed

   Field	Description
   Agency Id	Select the Id of the lead agent of the transaction, to whom the assignment fee needs to be sent.
   Actual Settlement Date	Specify the date on which the actual settlement of the trade happens. You can also select the date by clicking positioned adjacently.
   Assignment Fee Type	The assignment fee type is defaulted from the trade contract. You cannot modify this value.
   Assignment Fee Remitter	The assignment fee remitter is defaulted from the trade contract. You can modify it, if required. Select the counterparty that remits the assignment fee to the lead agent. The options available are as follows: Buyer Seller

   You can indicate the fee types that you want to liquidate as part of the trade settlement. All the fee components associated with the trade contract are listed here.

   Table 4-21 Fee Liquidation Details

   Field	Description
   Liquidate	All fee components are selected for liquidation, by default. You can deselect only the broker fee or amendment fee, if required. All other fees need to be liquidated mandatory during trade settlement.

   You can specify the preferences related to funding memo generation, here. You can indicate the following details:

   Table 4-22 Funding Memo Details

   Field	Description
   Funding Memo Status	The current status of the funding memo gets displayed here. The following values are possible: Generated – indicates that the funding memo has been generated. Not-Generated – indicates that the funding memo has not been generated. Regenerate FMEM – indicates that the funding memo needs to be re-generated.
   Funding Memo Source	Select the source of the funding memo from the drop-down list. If the CUSIP corresponds to an already existing agency in Oracle Banking Corporate Lending, you can select any of the following options: Agency Upload Manual If the agency is not an existing agency in system, you can select the memo source as Manual and specify the details manually. For an existing agency, the system defaults this option (manual). In addition, it defaults the tranche and drawdown details in Agency Details Input screen based on the following: The borrower tranche amount is taken as it is and validations are made to check if the transferors share amount of the tranche amount is greater than or equal to the trade amount. The system does not proceed further if this validation fails The borrower drawdown amount are be taken as it is for those drawdowns where the transferor is an active participant as on the trade settlement date. The trade equivalent amount of such drawdown is derived based on the formula below: Trade equivalent of DD Amount = (Trade Amount * (DD Amount * Transferor's Share at DD))/(Total Tranche Amount * Transferor's Share at Tranche) Refer Agency Capturing details in this chapter If the CUSIP does not exist, then the memo source gets defaulted to Upload, and it gets disabled. If the funding memo source is Upload then you need to upload the data required for generating the funding memo.
   Funding Memo Advice Required	Select this check box to indicate that funding memo needs to be automatically generated during the authorization of FMEM event. If due to agency activity, any changes happen to the funding memo before trade settlement, then you can regenerate the funding memo. The system marks such trades for regeneration of funding memo and during trade settlement such trades are excluded from settlement. If the payment message is already generated for the trade based on already existing funding memo, an override message is displayed while you try to regenerate the funding memo. If the payment message is already generated, you cannot modify the selection of fees to liquidate during funding memo re-generation. You can maintain the static text part of the funding memo using advice format under message maintenance. The dynamic part in the funding memo advice is populated using the various advice tags. For more details on advice formats, refer to topic Maintaining Advice Formats in Messaging user manual.

   This topic contains following sub-topics:

• Specifying Fee Details
  
• Viewing Funding Memo Details
  
• Break Funding Fee Details
  
• Currency-wise Settlement Details