5.1.5 Cash-Margin Netting Initiation Process screen

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

   Cash-Margin Netting Initiation Process screen is displayed.

   Figure 5-1 Cash-Margin Netting Initiation Process

   
2. On the Cash-Margin Netting Initiation Process screen, Click New.
3. On the Cash-Margin Netting Initiation 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 5-1 Cash-Margin Netting Initiation Process

   Field	Description
   Branch	Displays the current branch code to which the user has logged in.
   Party	Select the party with whom the pre-netting is initiated. This field cannot be amended after saving the pre-netting transaction
   Settlement Scheme	Select the Settlement Scheme for which pre-netting is initiated. This field cannot be amended after saving the pre-netting transaction Only those active schemes with the selected party and available for the current branch, is displayed for selection Both Margin Schemes and Cash Netting Schemes is displayed for selection, based on the selected ‘Operation’
   Settlement Currency	Displays the currency of the settlement scheme selected, in which the settlement happens.
   Operation	Select the cashflow type for which pre-netting operation is initiated. This field cannot be amended after saving the pre-netting transaction Select ‘Initial Margin’, if pre-netting to be initiated is for the purposes of Initial Margin to be provided for the net margin required for all the deals with the Initial Margin accounts linked to the selected scheme Can be used for pre-netting of Independent Amount, or any margin other than variation margin, for all the deals with the respective margin accounts linked to the selected scheme Select ‘Variation Margin’, if pre-netting to be initiated is for the purposes of Variation Margin to be provided for the net profit loss to be settled from all the deals with the Variation Margin accounts linked to the selected scheme Select ‘Deal Cashflows’, if pre-netting to be initiated is for the net amount to be settled for the Cash components for all the deals linked to the selected scheme If not specified, this field is set to ‘Initial Margin’ by default
   Agreement/Portfolio	Select the Agreement or Portfolio for which pre-netting is initiated for the deals linked. This field cannot be amended after saving the pre-netting transaction Only those active Agreements with the selected party, available for the current branch, enabled for the Module (if selected) and having Expiry Date >= Process date of the pre-netting, is displayed for selection Only those active portfolios for the Module (if selected), available for the current branch and customer portfolios for the selected Party (if available), is displayed for selection Applicable only for Securities, Exchange Traded Derivatives and Credit Derivatives modules in which portfolios can be defined separately
   Module	Select the module of the deal(s) for which pre-netting of cash-margin is initiated. This field cannot be amended after saving the pre-netting transaction
   Netting Reference	Displays a unique reference number for the pre-netting transaction. Automatically generated when the user clicks on ‘P’ button
   Process Date	Displays the date on which the pre-netting transaction was saved. Branch date is set by default
   Remarks	Enter any additional comments for the pre-netting transaction. A maximum of 250 characters can be entered for remarks

   On click of P button, system automatically generates and displays a unique ‘Netting Reference’ for the transaction. Also, according to the selected ‘Operation’, the associated Tabs are enabled or disabled.

   On click of Load All Accounts button, system automatically identifies all margin accounts or cash flow components linked to the selected scheme, based on the operation. And populates details for the net margin required for the deals linked to each Margin account identified or the net amount to be settled for each Component identified.

   On click of Refresh Balances button, system automatically updates the current balance displayed for each margin account available in the Initial Margin or Variation Margin tabs.

   On click of Clear button, system automatically clears the values selected for the fields and the details populated in the tabs.