3.12.3 Process MM Confirmation Message Intraday Batch
This topic describes the processing of MM Confirmation Message Intraday Batch.
Run an Intraday batch MMCNFRM to auto-match MM Confirmation Messages. The messages MM320 and MM330 are parsed and uploaded into an internal upload table to confirm the format of the messages. On confirming the format, the incoming message browser updates the message as ‘Processed’. The auto-confirmation batch will use the data in the incoming message and processes the matching based on Confirmation Rule maintained.
While processing auto-match, if the details of an incoming message are matched with a single existing deal in the system based on a Full Match rule, then the confirmation is marked for the deal by triggering CONF event. If multiple contracts are matched with a single message while processing a Full Match Rule, then the message is marked as Partially Matched. You can manually match the ‘Partially Matched’ deals from the ‘Manual Matching’ screen. While doing an auto-matching system will match an incoming message with details of the latest outgoing confirmation message details of a contract.
The following fields of MM deals are matched against the message field values:
Table 3-12 MM deals
MT 320/330 MM Confirmation Message field | MM Contract Field |
---|---|
17R |
Product type |
82A |
Counterparty BIC |
30T |
Trade Date |
22A |
Events |
30V |
Value Date |
32B |
Currency |
32B |
Principal Amount |
30P(MT320) |
Maturity Date (For Fixed maturity contracts) |
38A(MT330) |
Notice Days for Notice Contracts |
37G |
Interest Rate |
14D |
Interest Basis |
34E |
Interest Amount Currency |
34E |
Interest Amount |
57a Settlement for Bought Leg |
Settlement for Sold Leg |
57a Settlement for Sold Leg |
Settlement for Bought Leg |
57a Account With Institution for Bought Leg |
Account With Institution for Sold Leg |
57a Account With Institution for Sold Leg |
Account With Institution for Bought Leg |
58a Beneficiary Institution Sold Leg |
Branch BIC |
22C |
Common Reference |
56A Intermediary Bought Leg |
Intermediary Sold Leg |
56A Intermediary Sold Leg |
Intermediary Bought Leg |
22B |
Populates the ROLL in the confirmation Message. If 22B is rolled:
|
32H |
Amount to be Settled |
34E |
Currency and Interest Amount |
37G |
Interest Rate |
34B |
Currency and Interest Amount |
37J |
Interest Rate |
Table 3-13 MM Deals
MT350 confirmation Message field | MM Contract Field |
---|---|
34B |
Currency and Interest Amount |
37J |
Interest Rate |
Parent topic: MM Confirmation Rule Maintenance