2.7 Cash-Margin Settlement Scheme
This topic describes cash-margin settlement scheme maintenance.
Cash Settlement Schemes can be defined with default preferences for Cash Collateral Margining and Cash Settlement Netting using ‘Cash-Margin Settlement Scheme Maintenance’ function. These preferences defined for a scheme is applied by default on all cash settlements using this scheme.
The details that can be captured for Cash-Margin Settlement Scheme include,
- A unique code and a brief description for the Scheme
- Details of the Customer for whom this scheme is used for settlement
- Specific preferences for settlement and netting processes, including currency and GL
- Mapping customer accounts that can be settled using this scheme
- Holiday preferences to be applied for the settlements using this scheme
Cash Settlement Schemes can be defined at the HO branch as well as specific to any branch.
- All the modifications to the scheme setup is logged for audit trail purposes
- Auto authorization can be enabled for this function