11.4.1 MM Placement with True Discounted Interest

The preferences set for this product are as follows:

• The payment type for this product is of True Discounted type
• Forward dating is allowed for the product
• Brokerage is not payable

BOOK: Booking

The following are the accounting entries:

Table 11-3 Accounting Entries for Booking

Accounting Role	Amount Tag	Dr./Cr. Indicator
CHARGINC	CHARG	Credit
CUSTOMER	CHARG	Debit
FWDASSETOFF	PRINCIPAL_FWD	Credit
FWDASSETGL	PRINCIPAL_FWD	Debit

The following are the advice entries:

Table 11-4 Advice

Advice Name	Description
MM_DEAL_SLIP	Deal Slip
SWIFT_MESSAGE	MT320, MT330, MT335, MT350
PAYMENT_MESSAGE	Payment Message
MMCONPLA	MM Placement Confirmation

INIT: Initiation

The following are the accounting entries:

Table 11-5 Initiation

Account Role	Amount Tag	Dr./Cr. Indicator
INTERRIA	INTER_LIQD	Credit
CUSTOMER	INTER_LIQD	Debit
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:

Table 11-6 Advice

Advice Name	Description
MM_CONT_ADV	Contract Advice

ACCR: Interest Accrual

This topic provides the details of Accounting Entries:

Table 11-7 Interest Accrual

Accounting Role	Amount Tag	Dr./Cr. Indicator
INTERINC	INTER_ACCR	Credit
INTERRIA	INTER_ACCR	Debit
PENL1INC	PENL1_ACCR	Credit
PENL1REC	PENL1_ACCR	Debit

There are no advices entries.

This topic has the following sub-topics:

• LIQD: Liquidation
  
• VAMB: Value Dated Amendment Booking
  
• VAMI: Value Dated Amendment Initiation
  This topic provides the Value Dated Amendment Initiation
• CAMD: Contract Amendment
  
• REVN: Rate Revision
  
• REVC: Reversal
  
• ROLL: Rollover