5.1.7 Specifying Delayed Compensation Fee Details
Delayed compensation fee (DCF) is calculated for trades whose settlement gets delayed. If the settlement does not happen as on T+7/T+20, according to standards, a delayed compensation fee is calculated and applied for SWOA type of quotations. DCF is not applicable if the trade quotation method is FLAT.
The delayed compensation fee component is linked to the SLT product in the SLT Product Fee Details screen. Calculation of DCF is triggered only if the actual settlement date exceeds the expected settlement date as specified in Draft Trade screen.
There are various components associated with DCF which can be summarized as sub-topics.
This topic contains following sub-topics: