5.6.3 Processing Amendment fee from Contract input screen

Amendment fee details such as Amendment fee amount, fee currency, fee indicator pay or receive and fee Settlement date which can be on a future date and not necessarily on the amendment date can be captured under addition tab of derivative contract input screen during an amendment operation in case if amendment fee is to be collected or paid to the counterparty.

On the Fee settlement date during batch process amendment fee will be applied on the contract and Fee liquidation event FELR will be triggered posting accounting entries. Payment message based on the customer type, account and currency configured SGEN days will get generated according to the fee settlement date.

Amendment fee amount can only be a positive value and Fee settlement date cannot be less than the application date.