21.1.5.3 Capture Account Details

As mentioned earlier, you have specified the accounts to be debited and credited for the deal amount in the Securities Deal Input screen. For deals that settle in a currency other than the security currency, the local currency equivalent of the Deal Amount is called the ‘Amount Equivalent’. Amount Equivalent is also the term used for the amount involved in the second leg of the accounting entry for the deal.

The accounts and amount involved in the Debit and Credit legs of the accounting entry for the deal amount will be displayed, as you have already entered them in the Securities Deal Input screen. These details cannot be changed here. If a change is necessary, you have to go back to the Deal Input screen and specify the change. For the other components involved in a deal, like charges, etc, you have to specify the account details in this screen.

These details include the component, the currency in which it is paid, the payment account and its currency, the branch of your bank to which the account belongs, the exchange rate (in the case of the component currency being different from the account currency). Depending on the component, the system will also display whether the account involved in an entry has to be debited or credited:

• P indicates you credit (Pay to) the account involved
• R indicates you debit (Receive from) the account involved