9.2.1 Settlement of Opening Deals
This process will update the Cost of the portfolio based on the new holdings. The events that can be triggered in Oracle Banking Treasury Management for settling open deals are:
Table 9-2 Event Code - Description
Event Code | Description |
---|---|
EOLG |
Opening of Long Position |
EOSH |
Opening of Short Position |
Table 9-3 Example
Field | Value |
---|---|
Opening Position for the day |
10 Contracts Long |
Last Market Price |
230 USD for 10 contracts. |
Deals for the Day |
2 Contracts Long at 25 USD/Contract |
The result of the Settlement Process will be 12 Contracts at 280 USD, where the average cost of holding will be (280/12 USD) 23.33 USD.
Parent topic: Automatic Events Executed during End of Day for Futures