10.16 Product Code- SRRE

SRRE – SR - CREDIT DEBIT MESSAGE– Repo - Fixed Rate-Bearing

Business Scenario

Securities Repo SRRE is parametrized with following features.

Synopsis (ex. High level features etc.)

• The Maturity ranges 1-365 days
• It is backed by collateral of securities.
• It is a bank to bank deal
• The instrument is issued at a Bearing

Detailed Coverage

SRRE Securities Reverse Repo covers the following features,

Table 10-51 Detailed Coverage

Detailed Coverage	Description
Type of the Product	Repo
Payment Method Covered	Bearing Payment Method Accrual Covered Daily Accrual
Liquidation	Auto Interest Liquidation Auto Principal Liquidation New Version Rollover
Interest Rate details	Fixed Rate Interest
Schedule	Interest Schedule Principal Schedule
Maturity Type	Fixed Maturity
Forward Date Deal	Forward Date Deal allowed

Events Covered

Product SRRE has the Life Cycle of Commercial Paper as listed below:

Table 10-52 Events

Events Covered	Terminology
BOOK	Booking of contract
INIT	Contract Initiation
LIQD	Contract Liquidation
ROLL	Rollover of Contract
REVC	Contract Reversal
CAMD	Contract Amendment
CONF	Confirmation of contract
REAS	Reassign User
REVP	Reversal of Payment
VAMB	Value Dated Amendment Booking
ACCR	Contract Accrual
FACR	Fee Accrual
FELR	Fee Liquid
NOTC	Billing Notice Generation
SGEN	Settlement Message Generation
STCH	Status Change
RTFX	Rate Fixing

Advices Supported

Following Advices setup done in the SRRE Product as part of Product Life Cycle:

Table 10-53 Advices

Advices	Description
PAYMENT_MESSAGE	Payment Message
CUST_PMT_ADV	CREDIT DEBIT MESSAGE
SWIFT_MESSAGE	MT320,MT335,MT350

Messages

Following SWIFT Messages setup done in the SRRE product as part of product life cycle:

Table 10-54 SWIFT Messages

SWIFT Messages	Contract Field
MT 202	Payment Message
MT 210	Payment Message
MT 320	Fixed Contract Confirmation
MT 350	Deposit Interest Payment Advice
MT 335	Call/Notice Rate Change Advice

Interest / Charges / Commission & Fees

Interest

In SRRE product is parametrized with following Interest component. SRINTCLS1– Component

Special/Other Features

Other Features

Apart from above mentioned features following other features can be parametrized

• Interest Calculation Basis – Actual/365

Additional information (ex. UDF & other Special Maintenance)

Other Special Maintenance

Following are the Maintenance Required in OBTR to use the above product for Security Repo Deals.

• SR Branch Parameter
• Treasury Branch Parameter
• Messaging Parameter
• Local Holidays
• SR Batch Maintenance
• Fixed Rate Maintenance