11.1 MM Events
This topic describes the MM events involved in MM contract.
The following is an exhaustive list of events that can take place during the lifecycle of an MM contract. In the subsequent paragraphs we shall examine the accounting entries and advices for each of the events listed below.
Table 11-1 MM Events
Event Code | Event Description | Remarks |
---|---|---|
BOOK |
Booking a contract (Mandatory) |
All Types |
INIT |
Take-down or Initiation (Mandatory) |
All Types |
ACCR |
Accrual (Mandatory for products with interest payment frequency) |
All Types |
LIQD |
Liquidation (Mandatory) |
All Types |
CONF |
Confirmation of contract |
All Types |
CAMD |
Amendment |
All Types |
ROLL |
Rollover execution (treated as a liquidation + new booking) |
All Types |
REVC |
Reversal (Mandatory) |
All Types |
REAS |
Reassign User |
All Types |
RESD |
Reversal of Residual Accrual |
All Types |
REVC |
Contract Reversal |
All Types |
REVN |
Rate Revision |
All Types |
REVP |
Reversal of Payment |
All Types |
STCH |
Status Change |
All Types |
VAMB |
Value Dated Amendment Booking |
All Types |
VAMI |
Value Dated Amendment Initiation |
All Types |
AFRM |
Affirmation of a deal |
All Types |
UAFR |
Affirmation of a deal |
All Types |
CNWV |
Unaffirm a deal |
All Types |
UCNW |
Confirmation WaiverUnmarking of confirmation waiver |
All Types |
RTFX |
Rate Fixing at contract level. |
All Types |
Parent topic: Accounting entries for Money Market