6.1.3 Structure Closure

This topic describes the systematic instructions to close the account structures.

Sweep Structure

1. Sweep will not get executed after the Sweep structures are closed.

Pool Structure

1. On structure closure authorization, system will immediately liquidate and allocate the interest to all the accounts in the structure.
2. System will disable the ‘IC required’ flag from ‘Yes’ to ‘No’ for the Notional Header and will stop doing further interest accruals for the structure.
3. During the reopening of the structure, user should update the relevant account groups to the Notional header and system will resume interest accruals for the structure.

Hybrid Structure

• Sweep
  1. Sweep will not get executed after the Sweep structures are closed.
• Pool
  1. On structure closure authorization, system will immediately liquidate and allocate the interest to all the accounts in the structure.
  2. System will disable the ‘IC required’ flag from ‘Yes’ to ‘No’ for the Notional Header and will stop doing further interest accruals for the structure.
  3. During the reopening of the structure, user should update the relevant account groups to the Notional header and system will resume interest accruals for the structure.

Specify User ID and Password, and login to Home screen.

1. On Home screen, click Liquidity Management. Under Liquidity Management, click Structure.
2. Under Structure, click Account Structure.
   The Account Structure screen displays.

   Note:

   For more information on the screen, refer to the Account Structure section.
3. Click on the Account Structure widget, click View to view the structure summary.
   The Structure Summary displays.

   Figure 6-22 Structure Summary

   
   

   
   Description of "Figure 6-22 Structure Summary"

   
   

   For more information on fields, refer to the field description in the screen.

4. Click Close to close the account structure.
   The Close popup screen displays.

   Figure 6-23 Close popup

   
   

   
   Description of "Figure 6-23 Close popup"

   
   
   1. Click Confirm to confirm the structure closure.
   2. Click Cancel to discard the structure closure.
5. Select Excel from the Export dropdown list to download the structure details in excel (.xls) format.