1. Exchange Traded Derivatives User Guide
  2. Automatic Daily Process

9 Automatic Daily Process

The End of Cycle (EOC) events constitute a set of programs, which are automatically triggered during the batch processes. The EOD process is designed to tie up all the operations for a financial day and prepare the system for the next day.

Note:

During End of Day, the batch process should be run after End of Transaction Input (EOTI) has been marked for the day, but before End of Financial Input (EOFI) has been marked for the day.

As part of running the End of Day processes for Exchange Traded Derivatives, the system does an automatic Deal Settlement, whereby all deals that were booked during the day will be processed sequentially. This includes:

For Futures:

  • Deals that result in Open Positions in the Basket.
  • Deals that close an existing Open Position.
  • Deals that Exchange Open Positions for Physicals.
  • Automatic Exchange for Physicals (on the Futures Expiry Date)

For Options:

  • Exercise deals.
  • Assignment deals
  • Automatic Expiry of Out of Money options (on the Option Expiry Date)
  • Automatic Exercise / Assignment of In the Money options (on the Option Expiry Date).

All the deals within a basket are processed in the order of the Value Date + Trade Time Stamp of the Deal.

This topic contains the following sub-topics:

  • ETD Batch Processes at EOD
    This topic describes the ETD batch process at EOD.
  • Automatic Events Executed during End of Day for Futures
    This topic describes the settlement of opening deals, realized revaluation of open positions, settlement of all closing deals for day, and liquidation of all open positions on expiry date for futures.
  • Automatic Events Executed during End of Day for Options
    This topic describes the settlement of opening deals, realized revaluation of open positions, settlement of all closing deals for day, and Notional revaluation for open positions, automatic exercise, automatic expiry of out/at the money positions, reversal of notional revaluation, produce instrument details, portfolio event processing executed during End of Day for options.
  • Sample Accounting Entries for Various Events
    This topic describes the samples of accounting entries that will be posted during the batch processing programs for Futures as well as Options.