4.5.1 Capturing swap Details

Once the trade contract is authorized, Oracle Banking Corporate Lending spawns Swap contracts for each of the swap ID, Quantity captured in the Trade Online screen.

Once the Swap contracts are created for each swap ID allocation, Oracle Banking Corporate Lending creates/updates Unsettled position for the branch (legal entity), desk code, expense code, and swap ID combination.

The Swap contract screen can be used for only viewing the individual swap ID deals. No operations can be performed from this screen.While the aggregate of Amendment, Assignment, Brokerage, and Delayed Compensation Fees can be viewed from the Trade Online screen. The contribution/distribution of the same across the various swap contracts can be viewed from the Swap Details screen.

To capture details of swap details screen

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

From the Homepage, navigate to Trade Online screen.

1. From the Trade Online screen, click Swap.
   The Swap Details screen is displayed.

   Figure 4-6 Swap Details

   
   

   

   
   
2. Settlement of the Swap Trade needs to be triggered from the Trade Settlement screen. The trade details are defaulted from the SLT contract.
   The following swap details are shown in Swap Details screen.

   Table 4-8 Swap Details

   Field	Description
   Swap ID	Swap ID to be entered by the user.
   Swap Counterparty	Counterparty corresponding to the swap ID.
   Amount	Trade amount for the swap ID. The sum of trade amount for all swap ID should be equal to the total trade amount.
   OASYS ID	OASYS ID to be entered by the user.
   Swap Reference Number	The system creates trade contract for each of the swap IDs. The contract ref no., of the swap level trade contract is displayed here.