SR Repo with Fixed Bearing Interest

This topic provides the SR Repo with Fixed bearing Interest

The preferences set for this product are as follows:

• The payment type for this product is of Bearing type
• Forward dating is allowed for the product.

BOOK: Booking a Repo with fixed bearing interest

The following are the accounting entries:

Accounting Entires

Accounting Role	Amount tag	Dr./Cr. Indicator
FWDLIABGL	PRINCIPAL_FWD	Credit
FWDLIABOFF	PRINCIPAL_FWD	Debit

The following are the advices

Advices

Advice Name	Description
MMBRKCON	Broker Confirmation
MMCONDEP	SR Repo Confirmation
MM_DEAL_SLIP	Deal Slip
SWIFT_MESSAGE	MT320, MT330, MT335, MT350
PAYMENT_MESSAGE	Payment Message

INIT: Initiation of a Repo with fixed bearing interest

The following are the accounting entries:

Accounting Entires

Accounting Role	Amount Tag	Dr./Cr. Indicator
Taxcomp_EXP	Taxcomp_AMT	Debit
Taxcomp_PAY	Taxcomp_AMT	Credit
LIABGL	PRINCIPAL	Credit
CUSTOMER	PRINCIPAL	Debit
FWDLIABGL	PRINCIPAL_FWD	Debit
FWDLIABOFF	PRINCIPAL_FWD	Credit

The following are advices

Advices

Advice Name	Description
MM_CONT_ADV	Contract Advice
NA	NA

ACCR: Accrual of interest

The following are the accounting entries:

Accounting Entires

Accounting Role	Amount Tag	Dr./Cr. Indicator
INTEREXP	INTER_ACCR	Debit
INTERPAY	INTER_ACCR	Credit

ROLL: Rollover

The following are the accounting entries:

Accounting Entires

Accounting Role	Amount Tag	Dr./Cr Indicator
CUSTOMER	INTER_LIQD	Debit
INTER_REC	INTER_LIQD	Credit
ASSET GL	INTER_ROLL	Debit
INTER_REC	INTER_ROLL	Credit
ASSETGL	PRINCIPAL_LIQD	Credit
CUSTOMER	PRINCIPAL_LIQD	Debit
CUSTOMER	PRINCIPAL_LIQD	Debit
ASSETGL	PRINCIPAL_LIQD	Credit
CUSTOMER	<Interest_Component>_LIQD	Debit
Interest_componentREC	<Interest_Component>_LIQD	Credit
ROLL_WASH	PRINCIPAL_ROLL	Debit
ASSETGL	PRINCIPAL_ROLL	Credit
ROLL_WASH	<Interest_Component>_ROLL	Debit
Interest_componentREC	<Interest_Component>_ROLL	Credit

There are no advices for this event.

LIQD: Liquidation

The following are the Accounting Entries:

Accounting Entires

Accounting Role	Amount Tag	Dr./Cr. Indicator
INTERPAY	INTER_LIQD	Debit
CUSTOMER	INTER_LIQD	Credit
CUSTOMER	PRINCIPAL_LIQD	Credit
LIABGL	PRINCIPAL_LIQD	Debit

The following are the advices entries:

Advices

Advice Name	Description
SWIFT_MESSAGE	MT320, MT330, MT335, MT350
PAYMENT_MESSAGE	Payment Message

VABM: Value Dated Amendment Booking

There are no accounting entries.

The following are the advices:

Advices

Advice Name	Description
MMAMDADV	Amendment Advice
NA	NA

VAMI: Value Dated Amendment Initiation

The following are the accounting entries:

Repo- Accounting Entires

Accounting Role	Amount Tag	Dr./Cr. Indicator
LIAB GL	PRINCIPAL_INCR	Credit
CUSTOMER	PRINCIPAL_INCR	Debit
LIAB GL	PRINCIPAL_DECR	Debit
CUSTOMER	PRINCIPAL_DECR	Credit

The following are the advices:

Advices

Advice Name	Description
SWIFT_MESSAGE	MT320, MT330, MT335, MT350
NA	NA

CAMD: Amendment

There are no Accounting entries.

The following are the advices:

Advices

Advice Name	Description
SWIFT_MESSAGE	MT320, MT330, MT335, MT350
NA	NA

REVN: Rate Revision

There are no Accounting and advices entries.

ROLL: Rollover

There are no Accounting entries:

Accounting Entires

Accounting Role	Amount Tag	Dr./Cr. Indicator
CUSTOMER	INTER_LIQD	Credit
INTER_PAY	INTER_LIQD	Debit
LIABGL	INTER_ROLL	Credit
INTER_PAY	INTER_ROLL	Debit
LIABGL	PRINCIPAL_LIQD	Debit
CUSTOMER	PRINCIPAL_LIQD	Credit

The following are the advices entries:

Advices

Advice Name	Description
MM_ROLL_ADV	Rollover advice
NA	NA