5.23.3.2 Sell Internal Swap Transaction
Interest amount of MM placement Contract = Maturity amount of borrow * Fwd exchange rate – MM Placement amount.
Interest Rate of the MM Placement = Interest amount of MM placement / (MM placement amount * Day count)
The exchange rate of the FX interest forward contract will be derived based on the buy/sell amounts.
If the interest rate calculated for the MM placement/borrow contracts does not lie between the minimum and maximum rates defined for the contract currency in the MM product, they will be updated to null at the contract level.
After the contracts are uploaded, they will behave like independent transactions.
Parent topic: Process Internal Swap Transactions