8 Automatic Processing

While discussing the various events in the life cycle of a deal, we have referred to the Automatic Contract Update function that carries out these events. In this chapter, we shall discuss the features of this function.

The Automatic Contract Update function should be executed at least twice during the day, once before you begin transaction-related activities for the day (that is, as a part of the beginning of day activities) and once after you have finished all the transaction-related activities for the day. If any transaction-related activities are carried out after the function are run as part of end of day (EOD) activities, you have to execute it again so that the processing that is necessitated by the transaction-related activity carried out.

This topic has the following sub-topics:

• Automatic Events in the Lifecycle of a Deal
  This topic describes the Automatic Events that takes places in Beginning-of Day and End of day.
• Specify the Branch Parameters
  This topic provides the instructions to capture the Branch Parameter Details.
• Initiate the Automatic Contract Update Function
  This topic describes how to inquire the Automatic Contract Update function.
• Initiate a Future Value Dated Deal
  This topic describes the furture value dates deal.
• Process an Automatic Repayment
  This topic describes the process of an automatic repayment.
• Automatic Rollover of a Deal
  This topic describes the automatic rollover a deal.
• Accrual of ICCF Components
  This topic describes the definition of accruals for the accruable ICCF components
• Rate Fixing Process
  This topic describes the rate fixing process.
• Interest Rate Revision on a Deal
  This topic describes the interest rate revision on a deal.
• Value Dated Changes
  This topic describes the value dated changes wand advices generated for value dated changes.