1. Exchange Traded Derivatives User Guide
  2. Define Deal Products

6 Define Deal Products

A Deal product is a category or type of deal. It provides a general framework and serves to classify or categorize deals. A deal product can also represent a specific service offered by your bank. The first attribute that you can define for a product is its Type. In other words, you indicate the type of deals that the product can cater to. In Oracle Banking Treasury Management you can set up products for the following deal types:
  • Liquidation deals (LQ deals)
  • Long / Short deals (LS deals)
You can use Liquidation type of deal products for processing deals which involve any of the following activities:
  • Manual exercise of options
  • Manual assignment of options
  • Exchange for physicals of futures
Long and Short type of deal products can be used for processing deals involving the following activities:
  • Opening of Long and Short Positions in Futures and Options
  • Closing of Long and Short Positions in Futures and Options
The accounting entries passed, the messages that are generated, and the processing of deals involving a product are determined by your entry in the Product Type field. Whenever a product is created or modified, on authorization of the deal product, Oracle Banking Treasury Management notifies the external system of the modification and creation of deal products. The notification code used will be NOTIF_ET_DEALPRODUCT. Refer the documentation on Messages for further information on Notification Message.

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