3 Process a Murabaha MM Deal

A product is a specific service that you offer your customers. For example, amongst other financial services, you may offer an overnight borrowing facility to your customers. By defining the overnight borrowing facility as a product with certain attributes you can categorize all overnight borrowings, which share the attributes, defined for the product.

The other advantage of defining a product is that you can define certain general attributes for a product that will default to all contracts (placements or borrowings) involving it.

Note:

When you enter into a deal with a customer, you enter into a contract. Contracts are customer specific.

Deals (contracts) inherit the attributes of the product by default. This means you will not have to define these general attributes each time you input a deal involving the product. These general attributes, however, can be changed at the time of processing a deal.

Besides, these general attributes which a deal inherits from a product - and which can be changed for it there are the specific attributes which you have to define for the deal:

• the counterparty (customer) details
• the deal amount
• the deal currency
• the repayment account for the deal, and so on

This topic has the following topics:

• Capture Deal Details
  This topic describes the features of the contract details screen, schedules tab, rollover tab, preferences tab, and display the summary of contract details.
• Features of the Contract Details screen
  This topic describes the features of the contract details.
• Preferences for a Deal
  This topic describes preferences for a deal, handling a repayment schedule date, amortization type, ascertaining availability of funds.
• Modify a Placement or a Borrowing
  This topic describes the two types of placement or borrowing modification.
• Financial Details available for Change
  
• Reversing and Rebooking Contracts
  This topic describes the Reversing and Rebooking of contracts.
• Display the Other Details of a Deal
  This topic describes the other deal details displayed in the contract online screen.
• Advices for Deal Initiation
  This topic describes the systematic instruction to specify the details of the advices for the product.
• View Event Details
  This topic provides the instructions to view the event details.
• View Accounting Entries for Deal Initiation
  This topic provides the instructions to view the accounting entries for deal initiation.
• Different Versions of a Deal
  This topic describes the different version of a deal.
• Initiate a Future Value Dated Deal
  This topic describes how to initiate a future value dated deal manually.
• Commodity Details Maintenance for a Contract
  This topic describes the systematic instruction to capture the commodity details maintenance for a contract.
• Display Contract Details
  This topic provides the instructions to capture the Islamic Money Market Contract Summary details.
• Authorize Bulk Contracts
  This topic describes the instructions to authorize the bulk MM contracts and how to view the errors and settlement details.
• Reassign a Contract to Another User
  This topic provides the instructions to reassign the contract to another user.