Process Margin Settlement

This topic describes the systematic instruction to process Margin Settlement screen.

Settlement transactions may be in the form of initial margin collected or paid to a customer or broker or the liquidation of a net receivable or payable position of a scheme. You can capture settlement details through the Margin Settlement screen.

1. On the Home page, type MGDSETLM in the text box, and then click next arrow.
   The Margin Settlement screen is displayed.

   Figure 5-7 Margin Settlement

   
   Description of "Figure 5-7 Margin Settlement"
2. On the Margin Settlement screen, click New.
3. On the Margin Settlement screen, specify the following details, and then click Enter Query.

   For more information on the fields, refer to the below Field Description table.

   Table 5-17 Margin Settlement - Field Description

   Field	Description
   Scheme ID	Select the ID of the scheme for which margin settlement will be processed. When you select a Scheme ID, the description of the scheme, the currency, the counterparty and transaction date will be defaulted. You will not be allowed to change these details. You will, however, be allowed to change the Settlement Branch and Account defaulted.
   Scheme Event	Select the scheme event to be triggered during margin settlement. You can either choose the option Refund or Top Up.
   Amount	Enter the amount to be settled in the transaction.
   Settlement Account	As mentioned above, the settlement branch and account will be defaulted when you select the Scheme ID. You have the option of changing the same.
   Value Date	Enter the date on which the margin settlement should be carried out. You will be allowed to delete an unauthorized settlement transaction. You can also reverse a transaction. The event RTOP or RREF will be triggered depending on whether the scheme event is MTOP or MREF.