5.2 Saving the Details of a Contract

This topic explains the concept of saving the contracts details using Save from the Actions menu in the Application tool-bar or by clicking the save icon.

Enter valid inputs into all the mandatory fields, or you will not be able to save the contract. After you have made the mandatory entries, save the contract by either selecting ‘Save from the Actions menu in the Application tool-bar or by clicking the save icon. On saving the contract, your User Id will be displayed in the Entry By field at the bottom of the screen. The date and time at which you saved the deal will be displayed in the Date / Timefield.

A contract that you have entered should be authorized by a user bearing a different login ID before the EOD is run. Once the contract is authorized, the ID of the user who authorized the contract will be displayed in the Auth By field. The date and time at which the deal is authorized will be displayed in the Date/ Time field positioned next to the Auth By field.

The current status of the contract is also displayed in the field of Deal Status. The field will display one of the following: active, closed, expired, reversed, canceled, and on hold.

During the authorization of the contract, the External Payment System generates messages by applying the floating interest rate at that point in time.The system handles the payment messages in two different ways: In case maturity/ liquidation date falls before the settlement days of the currency, the messages are generated after authorizationIn case maturity/ liquidation date is after the settlement days, the messages are generated on the settlement day (Maximum of both Legs of the transaction)

The payment messages are generated for the principal exchange and interest liquidation asof the system date. However, the system will not reset the floating rate of the interestschedules for which settlement messages are already generated.

The system will trigger the event DRVN (Rate Reset) once you save the DV contract with interest schedules. Subsequently, the SGEN event will be triggered on authorization.

When you enter a contract in Oracle Banking Treasury, it is assigned a version number of 1. From then on, each amendment of the contract results in its next version. When you come to the Derivatives Contract Input Detailed screen, the latest version of the contract will be displayed. To navigate between the versions of a deal use the below icons.

• Click the back arrow icon to view the previous version
• Click the forward arrow icon to view the next version.