11.4.2.4 MM Borrowing with Fixed Bearing Interest
The preferences set for this product are as follows:
- The payment type for this product is of Bearing type
- Forward dating is allowed for the product.
BOOK: Booking a Borrowing with fixed bearing interest
The following are the accounting entries:
Accounting Entries
|
Accounting Role |
Amount tag |
Dr./Cr. Indicator |
|---|---|---|
|
FWDLIABGL |
PRINCIPAL_FWD |
Credit |
|
FWDLIABOFF |
PRINCIPAL_FWD |
Debit |
The following are the advices
Advices
|
Advice Name |
Description |
|---|---|
|
MMBRKCON |
Broker Confirmation |
|
MMCONDEP |
MM Borrowing Confirmation |
|
MM_DEAL_SLIP |
Deal Slip |
|
SWIFT_MESSAGE |
MT320, MT330, MT335, MT350 |
|
PAYMENT_MESSAGE |
Payment Message |
INIT: Initiation of a Borrowing with fixed bearing interest
The following are the accounting entries:
Accounting Entries
|
Accounting Role |
Amount Tag |
Dr./Cr. Indicator |
|---|---|---|
|
FRTAXC_EXP |
FRTAXC_AMT |
Debit |
|
FRTAXC_PAY |
FRTAXC_AMT |
Credit |
|
LIABGL |
PRINCIPAL |
Credit |
|
CUSTOMER |
PRINCIPAL |
Debit |
|
FWDLIABGL |
PRINCIPAL_FWD |
Debit |
|
FWDLIABOFF |
PRINCIPAL_FWD |
Credit |
The following are advices
Advices
|
Advice Name |
Description |
|---|---|
|
MM_CONT_ADV |
Contract Advice |
|
NA |
NA |
ACCR: Accrual of interest
The following are the accounting entries:
Accounting Entries
|
Accounting Role |
Amount Tag |
Dr./Cr. Indicator |
|---|---|---|
|
INTEREXP |
INTER_ACCR |
Debit |
|
INTERPAY |
INTER_ACCR |
Credit |
ROLL: Rollover
The following are the accounting entries:
Accounting Entries
|
Accounting Role |
Amount Tag |
Dr./Cr Indicator |
|---|---|---|
|
CUSTOMER |
INTER_LIQD |
Debit |
|
INTER_REC |
INTER_LIQD |
Credit |
|
ASSET GL |
INTER_ROLL |
Debit |
|
INTER_REC |
INTER_ROLL |
Credit |
|
ASSETGL |
PRINCIPAL_LIQD |
Credit |
|
CUSTOMER |
PRINCIPAL_LIQD |
Debit |
|
CUSTOMER |
PRINCIPAL_LIQD |
Debit |
|
ASSETGL |
PRINCIPAL_LIQD |
Credit |
|
CUSTOMER |
<Interest_Component>_LIQD |
Debit |
|
Interest_componentREC |
<Interest_Component>_LIQD |
Credit |
|
ROLL_WASH |
PRINCIPAL_ROLL |
Debit |
|
ASSETGL |
PRINCIPAL_ROLL |
Credit |
|
ROLL_WASH |
<Interest_Component>_ROLL |
Debit |
|
Interest_componentREC |
<Interest_Component>_ROLL |
Credit |
Additional Accounting Entries for Negative Interest allowed Product
Accounting Entries
|
Accounting Role |
Amount Tag |
Dr./Cr. Indicator |
|---|---|---|
|
Negative Interest CompREC |
Negative Interest Comp_ACCR |
Debit |
|
Negative Interest CompINC |
Negative Interest Comp_ACCR |
Credit |
There are no advices for this event.
LIQD: Liquidation
The following are the Accounting Entries:
Accounting Entries
|
Accounting Role |
Amount Tag |
Dr./Cr. Indicator |
|---|---|---|
|
INTERPAY |
INTER_LIQD |
Debit |
|
CUSTOMER |
INTER_LIQD |
Credit |
|
CUSTOMER |
PRINCIPAL_LIQD |
Credit |
|
LIABGL |
PRINCIPAL_LIQD |
Debit |
Additional Accounting Entries for Negative Interest allowed Product
Accounting Entries
|
Accounting Role |
Amount Tag |
Dr./Cr. Indicator |
|---|---|---|
|
Customer |
Negative Interest Comp_LIQD |
Debit |
|
Negative Interest CompPay |
Negative Interest Comp_LIQD |
Credit |
The following are the advices entries:
Advices
|
Advice Name |
Description |
|---|---|
|
SWIFT_MESSAGE |
MT320, MT330, MT335, MT350 |
|
PAYMENT_MESSAGE |
Payment Message |
VABM: Value Dated Amendment Booking
There are no accounting entries.
The following are the advices:
Advices
|
Advice Name |
Description |
|---|---|
|
MMAMDADV |
Amendment Advice |
|
NA |
NA |
VAMI: Value Dated Amendment Initiation
The following are the accounting entries:
Accounting Entries
|
Accounting Role |
Amount Tag |
Dr./Cr. Indicator |
|---|---|---|
|
LIABGL |
PRINCIPAL_INCR |
Credit |
|
CUSTOMER |
PRINCIPAL_INCR |
Debit |
The following are the advices:
Advices
|
Advice Name |
Description |
|---|---|
|
SWIFT_MESSAGE |
MT320, MT330, MT335, MT350 |
|
NA |
NA |
CAMD: Amendment
There are no Accounting entries.
The following are the advices:
Advices
|
Advice Name |
Description |
|---|---|
|
SWIFT_MESSAGE |
MT320, MT330, MT335, MT350 |
|
NA |
NA |
REVN: Rate Revision
There are no Accounting and advices entries.
ROLL: Rollover
There are no Accounting entries:
Accounting Entries
|
Accounting Role |
Amount Tag |
Dr./Cr. Indicator |
|---|---|---|
|
CUSTOMER |
INTER_LIQD |
Credit |
|
INTER_PAY |
INTER_LIQD |
Debit |
|
LIABGL |
INTER_ROLL |
Credit |
|
INTER_PAY |
INTER_ROLL |
Debit |
|
LIABGL |
PRINCIPAL_LIQD |
Debit |
|
CUSTOMER |
PRINCIPAL_LIQD |
Credit |
Additional Accounting Entries for Negative Interest allowed Product
For Rollover of Interest
Accounting Entries
|
Accounting Role |
Amount Tag |
Dr./Cr. Indicator |
|---|---|---|
|
LIABGL |
Negative Interest Comp_ROLL |
Debit |
|
Negative Interest CompREC |
Negative Interest Comp_ROLL |
Credit |
The following are the advices entries:
Advices
|
Advice Name |
Description |
|---|---|
|
MM_ROLL_ADV |
Rollover advice |
|
NA |
NA |
Parent topic: MM Borrowing with Fixed Discounted Interest