1.2.7.1 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.

For every event you select, you should specify the accounting entries that should be passed and the advices that should be generated.

Receiver Bank Charges

This option enables the bank to collect Receiver Bank's Charges for an outgoing FT contract with charge option as OUR.

Table 1-6 Accounting entry definition

Accounting Entry	Event
Dr. Remitter	AMT_EQUIV
Cr. Beneficiary	TFR_AMT
Dr. Custchargeacc	CHARGES (Own)
Cr. Charge Inc	CHARGES (Own)
Dr. Custchargeacc	FT_RVR_CHGS
Cr. Beneficiary	RVR_CHGS

1. Click Accounting Entries button in the Events Definition screen to specify the accounting applicable to the event.
   The Accounting Entries screen is displayed.

   Figure 1-7 Accounting Entries

   Figure 1-8 Accounting Entries

   
   Description of "Figure 1-8 Accounting Entries"
2. On the Accounting Entries screen, specify the fields.

   For an each event, you have to maintain accounting information as follows

   Table 1-7 Accounting Entries - Field Description

   Field	Description
   Accounting Role	Specify the accounting role that should be used at the event. The option list displays all the accounting roles specified for the product in the Accounting Role Definition screen.
   Amount Tag	Specify the tag which identifies the component that has to be posted to the account head.
   Dr/Cr	Indicate whether the accounting role you specified is for the debit or credit leg of the contract event
   Txn Code	Every accounting entry in Oracle Banking Treasury Management is associated with a Transaction Code that describes the nature of the entry. Specify the transaction code that should be used to post the accounting entry to the account head.
   Netting	Specify whether accounting entries should be netted at an event. You can net the accounting entries that are generated at an event if the set of entries satisfy the following criteria: The entries belong to the same Account and Branch The entries to be netted are in the same currency The entries have the same value date The exchange rate to be picked up for the entries is the same You should define details for both the legs of an accounting entry. For each accounting entry, you should specify the details of the debit and the credit leg. Thus, the first two specifications will be for one entry, the next two for another, and so on. The Transaction Code for the entry should be specified for both legs of the entries. Note: If netting is indicated for Income/Expense GLs marked for accounting entry-based revaluation of FCY entries, an override is displayed. If the override is accepted, the offset is not identifiable and the entry is revalued as a single entry. For more information on accounting entry-based revaluation of FCY entries for an Income/Expense GL, refer the General Ledger (GL) user manual.
   Adjustments are to be Made for Holidays	This parameter is available only for securities portfolio product definition in the Securities module. For coupon events falling on holidays, you have the option of shifting the event date forward / backward or leaving it unchanged. You can maintain your specifications at the Product level to be inherited by each individual security that you define under that product, with the option of changing them for a particular security. However, irrespective of the holiday treatment specified by you, the system will not perform any holiday adjustment for coupon events if, in the Product Event Accounting Entries Maintenance, you select ‘No’ as the Holiday Treatment parameter. If you wish to apply holiday treatment for coupon events as specified by you either as part of product preferences or at the contract level, select ‘Yes’ in the Holiday Treatment field for accounting entries for coupon receipts or payments.
   Rate Type Indicator	Select the rate type indicator used for revaluation purpose from the drop-down list. Following are the options available in the drop-down list: Mid Buy Sale