11.4.2.2 MM Placement – 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

The following are the Accounting entries:

Accounting Entries

Accounting Role

Amount Tag

Dr./Cr. Indicator

FWDASSETGL

PRINCIPAL_FWD

Debit

FWDASSETOFF

PRINCIPAL_FWD

Credit

The following are the advices entries:

Advices

Advice Name

Description

MMCONPLA

MM Placement Confirmation

MM_DEAL_SLIP

Deal Slip

SWIFT_MESSAGE

MT320, MT330, MT335, MT350

INIT: Initiation

The following are the Accounting entires:

Accounting Entires

Accounting Role

Amount Tag

Dr./Cr. Indicator

ASSETGL

PRINCIPAL

Debit

CUSTOMER

PRINCIPAL

Credit

FWDASSETGL

PRINCIPAL_FWD

Credit

FWDASSETOFF

PRINCIPAL_FWD

Debit

FWDASSETGL

PRINCIPAL_FWD

Debit

FWDASSETOFF

PRINCIPAL_FWD

Credit

ASSETGL

PRINCIPAL_ROIN

Debit

ROLL_WASH

PRINCIPAL_ROIN

Credit

ASSETGL

PRINCIPAL_ADDL

Debit

CUSTOMER

PRINCIPAL_ADDL

Credit

The following are the advices entries:

Advices

Advice Name

Description

MM_CONT_ADV

Contract Advice

NA

NA

ACCR: Interest Accrual

The following are the Accounting entires:

Accounting Role

Amount Tag

Dr./Cr. Indicator

INTERINC

INTER_ACCR

Credit

INTERREC

INTER_ACCR

Debit

PENL1INC

PENL1_ACCR

Credit

PENL1REC

PENL1_ACCR

Debit

PENL2INC

PENL2_ACCR

Credit

PENL2REC

PENL2_ACCR

Debit

Additional Accounting Entries for Negative Interest allowed Product

Accounting Role

Amount Tag

Dr./Cr. Indicator

Negative Interest CompEXP

Negative Interest Comp_ACCR

Debit

Negative Interest CompPAY

Negative Interest Comp_ACCR

Credit

There are no advices entries.

LIQD: Liquidation

The following are the Accounting entires:

Accounting Entires

Accounting Role

Amount Tag

Dr./Cr. Indicator

CUSTOMER

INTER_LIQD

Debit

INTERREC

INTER_LIQD

Credit

PENL1REC

PENL1_LIQD

Credit

CUSTOMER

PENL1_LIQD

Debit

CUSTOMER

PENL2_LIQD

Debit

PENL2REC

PENL2_LIQD

Credit

ASSETGL

PRINCIPAL_LIQD

Credit

CUSTOMER

PRINCIPAL_LIQD

Debit

Additional Accounting Entries for Negative Interest allowed Product

Accounting Entires

Accounting Role

Amount Tag

Dr./Cr. Indicator

Negative Interest CompPay

Negative Interest Comp_LIQD

Debit

Customer

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

VAMB: Value Dated Amendment Booking

There are no Accounting entires.

The following are the advices entries:

Advices

Advice Name

Description

MMAMDADV

Amendment Advice

NA

NA

VAMI: Value Dated Amendment Initiation

The following are the Accounting entires:

Accounting Entires

Accounting Role

Amount Tag

Dr./Cr. Indicator

ASSETGL

PRINCIPAL_INCR

Debit

CUSTOMER

PRINCIPAL_INCR

Credit

The following are the advices entries:

Advices

Advice Name

Description

SWIFT_MESSAGE

MT320, MT330, MT335, MT350

NA

NA

CAMD: Contract Amendment

There are no Accounting entires.

The following are the advices entries:

Advices

Advice Name

Description

SWIFT_MESSAGE

MT320, MT330, MT335, MT350

NA

NA

REVC: Reversal

There are no Accounting entries.

The following are the advices entries:

Advices

Advice Name

Description

SWIFT_MESSAGE

MT320, MT330, MT335, MT350

NA

NA