8.8 Process Broker Master Maintenance

This topic describes the systematic instruction to process the Broker Master Maintenance.

You can capture details of broker accounts, which should be associated with the Broker ID through the Broker Master Maintenance screen. Only those accounts maintained in this screen will be impacted while processing margin settlement transactions involving the particular broker.

1. On the Home page, type BRDMAST in the text box, and then click next arrow.
   The Treasury Broker Master Maintenance screen is displayed.

   Figure 8-5 Treasury Broker Master Maintenance

   
   Description of "Figure 8-5 Treasury Broker Master Maintenance"
2. On the Treasury Broker Master Maintenance screen, click New.
3. On the Treasury Broker Master Maintenance screen, specify the field details and then click Enter Query.

   Table 8-5 Treasury Broker Master Maintenance - Field Description

   Field	Description
   Broker ID	Select the broker ID.
   Name	Specify the name of the broker.
   Execution Broker	Check this box to indicate that the broker created is an Execution Broker.
   Clearing Broker	Check this box to indicate that the broker created is a Clearing Broker.
   Category	Select the customer category under which the broker is categorized. You have the following options: Broker Exchange Clearing Member
   Booking	Select the method in which the brokerage amount is to be liquidated. The options available are: Advance Arrears Note: The Arrears option is not valid if you have selected the Exchange Traded Derivatives check box.
   Tax Paid	Select the account, which is to be debited when tax is to be paid in the field Account. Also, select the transaction code associated with the account in the field Txn Code.
   Tax Payable	Select the tax payable account in the field Account and select the transaction code associated with the Tax Payable account in the field Txn Code.
   Liquidation Transaction Code	Select the transaction code, which is to be associated with brokerage liquidation.
   Tax Scheme	Select the tax scheme, which is to be associated with the Broker Account and Currency combination.
   Scheme Description	The system will display the description of the scheme.
   Payable Currency	Select the currency in which the brokerage amount is to be booked.
   Applicable For – Exchange Traded Derivatives	Select this check box to indicate the broker, whose details you are maintaining, can be used in the ETD module of Oracle Banking Treasury Management. If you check this box, the system will display an override stating the booking method will be Advance. Under the Broker Account table, you can specify the following.
   Applicable For – Enable Treasury Commission Setup	Check this box to indicate that the broker commission setup should be used for brokerage calculation.
   Default Agreement	Specify the default agreement for the broker. The adjoining option list displays the relevant agreements. You can choose the appropriate one.
   Margin Type	Select the margin account type from the adjoining option list. The list displays the following values: Initial Margin Variation Margin
   Account	Specify the account of the broker. The adjoining option list gives you a list of accounts. Choose the appropriate one. You cannot specify the same account number for another broker. Each broker should have account numbers unique to him. Note: It is mandatory for you to specify at least one account number for the broker.
   Description	Type a brief description for the account
   Currency	Specify the currency for the broker account.