1.2.7 Events

Use the Events in the Product Definition screen to set up Events for a product.

At an event, typically, you would want to post the accounting entries to the appropriate account heads and generate the required advices. When setting up a product, you can define the accounting entries that have to be posted and the advices that have to be generated at the various events, once the products are authorized.

1. Click Events in the Product Definition screen.
   The Events screen is displayed.

   Figure 1-6 Events

   
   Description of "Figure 1-6 Events"
2. In the Events screen, specify the fields.
   For detailed information on the fields, refer to the below table.

   Table 1-5 Events - Field Description

   Field	Description
   Event	This is a display field which displays the corresponding contract reference number. A contract goes through different stages in its life cycle. In Oracle Banking Treasury Management, the different stages a contract passes through in its life cycle are referred to as ‘events’. For example, some of the stages in the lifecycle of a security are: Deal Booking Money Settlement of Securities Deal Settlement of Securities Deal Reversal of Securities Deal Cancellation of Securities Deal Each stage is referred to as an Event in Oracle Banking Treasury Management. You can define the accounting entries and advices for events using either of the following methods: Associating a product with an Events Class. This is possible only if you have maintained Events classes specifically for the module By defining event details specifically for the product Click ‘Default From Class’ button in this screen to associate the product you are maintaining with an Events class. A list of the Events classes that you have defined specifically for the module will be displayed. Choose a class with the requisite events and accounting details maintained. The product acquires the accounting entries and advices defined for the Events class you choose. The procedure for setting up an Events class is similar to defining events and accounting details for a product. Refer the following sub-head for details.
   Default From Class	Click ‘Default From Class’ button in this screen to associate the product you are maintaining with an Events class. A list of the Events classes that you have defined specifically for the module will be displayed. Choose a class with the requisite events and accounting details maintained. The product acquires the accounting entries and advices defined for the Events class you choose. The procedure for setting up an Events class is similar to defining events and accounting details for a product. Refer the following sub-head for details.

• Define Events and Accounting Details Specifically for a Product
  If you do not use an events class, you should define event details specifically for the product. In this case, select an event from the adjoining option list that displays a list of events pertaining to the module.