2.11.5 Haircut Maintenance

This topic provides information on Maintaining Haircut Schedule.

1. On Collaterals Maintenance screen, click the Haircut Schedule tab.
   The Haircut Maintenance screen is displayed.

   Figure 2-27 Haircut Maintenance

   
   

   
   Description of "Figure 2-27 Haircut Maintenance"

   
   

   Table 2-29 Haircut maintenance - Field Description

   Field	Description
   Effective Date	Specify the effective date on which the haircut percentage becomes effective from the adjoining option list.
   Haircut Percentage	Specify the haircut percentage of the Collateral. You can enter values between 1 to 100. Note: System applies the Haircut Percentage to the collateral on the schedule effective date during the BOD process of the collateral batch (GCBCOLAT). Collateral haircut schedule will be considered for net utilization calculation at facility level, since it affects the collateral contribution to the facility. Upon clicking Save, the following validations are performed: For New operation Effective date should be greater than the application date and start date of the collateral. Multiple Haircuts for the same effective date is not allowed. Haircut Percentage chosen at the main screen gets defaulted as the first schedule with collateral start date as the effective date, in the Haircut schedules sub-screen. For modify operation Effective date should be greater than the application date and start date of the collateral. Effective date should be less than the end date of the collateral. Deletion or Modification of existing Haircuts whose effective date are less than application date would not be allowed. Haircut schedules maintained in this sub screen would be applied on the effective date in the existing collateral batch process. Existing field Haircut Percentage would show the latest haircut of the collateral.

2. Click Save to save the record.