8 FX Advices and Messages

When you create a product, specify the advice that you would like to generate for the various events that occur during the life cycle of a contract. You can also, determine when the advice should be generated - either during the event or during authorization of the event. Events are classified as follows:

• User-initiated events
• Automatic events

User-initiated events are events that you initiate manually. Examples of such events are the reversal of contracts, manual liquidation of contracts, manual roll-over of contracts, and so on.

Automatic events execute automatically during the end-of-day or beginning-of-day process. Examples of such events are auto roll-over, auto liquidation, contract confirmation, and so on.

This topic has the following sub-topics:

• Advices
  This topic describes the advices generated in Foreign Exchange module.
• Messages
  This topic describes the payment messages, receive messages, user reference number in messages, cancellation request messages generated in Foreign exchange module.