11.1 MM Events

This topic describes the MM events involved in MM contract.

The following is an exhaustive list of events that can take place during the lifecycle of an MM contract. In the subsequent paragraphs we shall examine the accounting entries and advices for each of the events listed below.

Table 11-1 MM Events

Event Code	Event Description	Remarks
BOOK	Booking a contract (Mandatory)	All Types
INIT	Take-down or Initiation (Mandatory)	All Types
ACCR	Accrual (Mandatory for products with interest payment frequency)	All Types
LIQD	Liquidation (Mandatory)	All Types
CONF	Confirmation of contract	All Types
CAMD	Amendment	All Types
ROLL	Rollover execution (treated as a liquidation + new booking)	All Types
REVC	Reversal (Mandatory)	All Types
REAS	Reassign User	All Types
RESD	Reversal of Residual Accrual	All Types
REVC	Contract Reversal	All Types
REVN	Rate Revision	All Types
REVP	Reversal of Payment	All Types
STCH	Status Change	All Types
VAMB	Value Dated Amendment Booking	All Types
VAMI	Value Dated Amendment Initiation	All Types
AFRM	Affirmation of a deal	All Types
UAFR	Affirmation of a deal	All Types
CNWV	Unaffirm a deal	All Types
UCNW	Confirmation WaiverUnmarking of confirmation waiver	All Types
RTFX	Rate Fixing at contract level.	All Types