A.1 FX Events
This topic describes the FX events that take place during the life cycle of an FX contract.
The following is an exhaustive list of events that take place during the life cycle of an FX contract. In the subsequent paragraphs we shall examine the accounting entries and advices for each of the events listed below.
Table A-1 FX Events
| Event Code | Event Description | Remarks |
|---|---|---|
|
BOOK |
Booking |
All Types |
|
AMND |
Amend |
All forward contracts before settlement messages are generated. |
|
CONF |
Confirmation |
All Types |
|
CANC |
Cancellation |
All Types |
|
LIQD |
Liquidation |
All Types |
|
REAS |
Reassign User |
All Types |
|
REVR |
Reversal |
All Types |
|
ROLL |
Rollover |
All forward contracts. |
|
REVL |
Revaluation |
Spot and forward contracts. |
|
RRVL |
Deal level revaluation reversal |
Spot / Forward contracts with Rebate /NPV revaluation methods and Forward contracts with Straight Line revaluation method. |
|
SGEN |
Settlement Messages |
All Types. |
|
FIXG |
NDF Forward Contract Fixing |
This event is processed for a NDF Forward Contract when the NDF Fixing contract is booked against it. |
|
UFIX |
NDF Forward Contract Unfixing |
This event is Processed for NDF Forward Contract To Reverse All Accounting Entries On Reversal Of NDF Fixing Contract. |
|
LINK |
FX Contract Linkage |
Computes the value of linked amount/utilization |
|
DLINK |
FX Contract De-Linkage |
Computes the value of linked amount/utilization |
|
PLIQ |
Partial Liquidation |
Posts reverse contingent entries based on the payment contract amount |
|
DELE |
Delete Linkage |
Computes the value of linked amount/utilization |
|
AFRM |
Affirmation of a deal |
When affirmation status is changed from unaffirmed to Affirmed manually, this event is fired for the deal. |
|
UAFR |
Unaffirm a deal |
When affirmation status is changed from affirmed to Unaffirmed manually, this event is fired for the deal. |
|
CNWV |
Confirmation Waiver |
The confirmation waiver status by default unwaived for a deal. When the Confirmation waiver status is changed from Unwaived to Waived CNWV event is fired. |
|
UCNW |
Unmarking of confirmation waiver |
When the Confirmation waiver status is changed from Waived to Unwaived UCNW event is fired. |
Parent topic: Accounting Entries and Advices