3.12.3 Process MM Confirmation Message Intraday Batch

This topic describes the processing of MM Confirmation Message Intraday Batch.

Run an Intraday batch MMCNFRM to auto-match MM Confirmation Messages. The messages MM320 and MM330 are parsed and uploaded into an internal upload table to confirm the format of the messages. On confirming the format, the incoming message browser updates the message as ‘Processed’. The auto-confirmation batch will use the data in the incoming message and processes the matching based on Confirmation Rule maintained.

While processing auto-match, if the details of an incoming message are matched with a single existing deal in the system based on a Full Match rule, then the confirmation is marked for the deal by triggering CONF event. If multiple contracts are matched with a single message while processing a Full Match Rule, then the message is marked as Partially Matched. You can manually match the ‘Partially Matched’ deals from the ‘Manual Matching’ screen. While doing an auto-matching system will match an incoming message with details of the latest outgoing confirmation message details of a contract.

The following fields of MM deals are matched against the message field values:

Table 3-12 MM deals

MT 320/330 MM Confirmation Message field	MM Contract Field
17R	Product type
82A	Counterparty BIC
30T	Trade Date
22A	Events
30V	Value Date
32B	Currency
32B	Principal Amount
30P(MT320)	Maturity Date (For Fixed maturity contracts)
38A(MT330)	Notice Days for Notice Contracts
37G	Interest Rate
14D	Interest Basis
34E	Interest Amount Currency
34E	Interest Amount
57a Settlement for Bought Leg	Settlement for Sold Leg
57a Settlement for Sold Leg	Settlement for Bought Leg
57a Account With Institution for Bought Leg	Account With Institution for Sold Leg
57a Account With Institution for Sold Leg	Account With Institution for Bought Leg
58a Beneficiary Institution Sold Leg	Branch BIC
22C	Common Reference
56A Intermediary Bought Leg	Intermediary Sold Leg
56A Intermediary Sold Leg	Intermediary Bought Leg
22B	Populates the ROLL in the confirmation Message. If 22B is rolled: Field 21 populates parent contract reference number. Field 32B populates the rolled over amount (Principal amount of child contract). Field 32H populates the settlement amount i.e. amount not rolled over. Field 37G populates new interest rate. Field 34E populates interest amount considering new interest rate. Field 30X populates 1st interest payment date of child contract.
32H	Amount to be Settled
34E	Currency and Interest Amount
37G	Interest Rate
34B	Currency and Interest Amount
37J	Interest Rate

Table 3-13 MM Deals

MT350 confirmation Message field	MM Contract Field
34B	Currency and Interest Amount
37J	Interest Rate