1.3 Specify Brokerage

This topic describes the maintenance of the brokerage list.

In Oracle Banking Treasury Management you can maintain the list of the brokers with whom the bank deals within the Broker Master Maintenance table. In this table, for each broker, specify the brokerage details such as the broker’s name and address; a unique code for the broker; the payable brokerage currency; if the brokerage has to be in advance or arrears.

When creating an FX product, you can opt to allow brokerage on deals involving it. When processing a deal (involving a product for which brokerage is allowed), you can specify the broker involved. The brokerage details, defined is automatically defaulted to the deal. You can change the default brokerage values.