4.9.27.1 Agency Wrapper Processing Changes for Lead Tranche
- When a trade is settled with the new field Trade Standard as LMA / LSTA and the trade is linked to a lead tranche, instead of adding an external participant, the system adds a silent participant in the lead tranche like the existing functionality.
- Agency wrapper handoff process is enhanced to handoff the LMA Participation / LSTA Participation field from the linked trade contract.
- While processing the Agency wrapper STP, the system adds the external participant to wrapper tranche and value for LMA Participation / LSTA Participation field is defaulted from handoff data.
- External participant is not added in the lead tranche. STP processing to OL and new changes for accounting in OL happens from the wrapper tranche linked to lead tranche.
Note:
No changes are envisaged in the LT processing of buy and participation trades as well as buy / sell and assignment trades and the same continues to work.Parent topic: LMA / LSTA Participation in LB