5.2.5 Cash-Margin Net Settlement Process screen

1. On the Home page, type MGDSETLM in the text box, and click the next arrow.

   Cash-Margin Net Settlement Process screen is displayed.

   Figure 5-12 Cash-Margin Net Settlement Process

   
2. On the Cash-Margin Net Settlement Process screen, Click New.
3. On the Cash-Margin Net Settlement Process- New screen, Specify the details as required.
4. Click Save to save the details or Cancel to close the screen.

   For information on fields, refer table below:

   * Indicates mandatory fields.

   Table 5-9 Cash-Margin Net Settlement Process

   Field	Description
   Settlement Scheme	Select the Settlement Scheme for which net settlement is performed. This field cannot be amended after saving the net settlement transaction Only those active schemes with the selected party and available for the current branch, is displayed for selection
   Scheme Description	Displays the Description of the settlement scheme selected.
   Party	Select the party with whom the net settlement is performed. This field cannot be amended after saving the net settlement transaction
   Party Description	Displays the Description of the party selected.
   Branch	Displays the current branch code to which the user has logged in.
   Agreement Code	Select the Agreement or Portfolio to filter the transaction for net settlement. This field cannot be amended after saving the net settlement transaction Only those active Agreements with the selected party, available for the current branch and having Expiry Date >= Transaction date of the net settlement, is displayed for selection Only those active portfolios available for the current branch and customer portfolios for the selected Party (if available), are displayed for selection Applicable only for Securities, Exchange Traded Derivatives and Credit Derivatives modules in which portfolios can be defined separately
   Net Settlement Details	Group of fields to capture the details for net settlement transaction.
   Settlement Currency	Displays the currency of the settlement scheme selected, in which the net settlement happens.
   Settlement Event	Displays the direction of the Net Settlement transaction. Can be ‘Net Receivable’ or ‘Net Payable’ for the bank
   Settlement Reference	Displays a unique reference number for the net settlement transaction. Automatically generated when the user clicks on ‘Fetch’ button
   User Reference	Enter a unique reference for the net settlement transaction, which is used in payment message generated for this transaction. If not specified, defaulted to Settlement Reference.
   Net Amount	Displays the net amount, in Settlement currency, of the net payable/receivable balances for the selected settlement type, component type and agreement or portfolio from the scheme balances summary for the selected settlement scheme. Includes pending net settlement for Initial Margin, Variation Margin and Deal Cashflows settlement types
   Settlement Amount	Enter the Settlement Amount, in Settlement Currency, to be transferred for this net settlement. Set to same as Net Amount by default An override message is displayed, if the difference between Settlement Amount and Net Amount is greater than the ‘Override Limit %’ defined for the scheme An error message is displayed, if the difference between Settlement Amount and Net Amount is greater than the ‘Stop Limit %’ defined for the scheme and the transaction is not allowed to be saved
   Transaction Date	Displays the date on which the net settlement transaction was saved. Branch date is set by default
   Value Date	Enter the value date for the settlement. Set by default to Branch date + Settlement Days defined for the scheme Settlement Days considered is working days Value date can be same as branch date or future dated or back dated Validated for working day using the Holiday preferences defined for the scheme When Value date < Branch date, payment message generation can be suppressed
   Remarks	Enter any additional comments for the net settlement transaction. A maximum of 250 characters can be entered for remarks
   Settlement Status	Displays the status of the settlement transaction in the external settlement system. Set to ‘Pending’ by default User can update the status to ‘Success’ or ‘Failed’ later
   Failure Reason	Displays the reason for settlement failure in the external settlement. User should update the reason when Settlement Status is updated to ‘Failed’