8 Customer Correspondence

Transfer of funds between parties is always confirmed and corroborated with the exchange of messages, advices or receipts. The Murabaha MM module incorporates the generation of various notices to the parties involved in the contract into its deal processing.

This chapter explains the types of messages generated at each stage for each type of contract that the Murabaha MM module handles.

Once the event is authorized you can generate various types of advices and notices at any time of the day. You can also specify the media through which these advices can be sent. For all the advices and notices discussed here the samples are given below.

This topic has the following sub-topics:

• Advices
  This topic describes the Rollover advice for a placement and borrowing, initiate advices for placement and borrowing, and confirm advices.
• Payment Messages
  This topic describes the payment messages that are generated at take-down for placements.