22.1 Features of a Block Deal in Oracle Banking Treasury Management

This topic describes the overview of block deal features in oracle Banking Treasury Management.

The following are the features of a Block deal:

• A block deal can have multiple parties associated with either the buy or sell leg
• Portfolios of different costing methods can be involved in the multi-leg of the block deal
• Details that you specify for a Block Deal will need to be uploaded. The Upload process will automatically create individual sub deals for each of the portfolios involved in the multiple leg of the deal.
• Specify details like the certificate numbers, details of the brokerage, tax, charge etc, applicable to the sub deals in the Securities Deal Online screen.
• You will not be allowed to perform any operation on a sub deal directly. It will have to be done only through the Block deal. Should you need to amend the main details of a sub deal (details that affect accounting entries), you will have to delete the block deal, which eventually deletes all the sub deals. To amend other details of a sub deal like the certificate numbers, you should:
• Unlock the block deal
• Go to the relevant sub deal
• Unlock the sub deal
• Make the required changes
• Save both the sub deal and the block deal