31.1 Deal Related Advices
This topic describes the deal related advices such as corporate action related advices and statement related advices.
Table 31-1 Deal Advices
| Term | Description |
|---|---|
|
Trade Confirmation |
When you receive affirmation of a trade confirmation, you can generate and send a trade confirmation affirmation message to your customer. |
|
Market side securities trade confirmation |
At the securities deal level you can specify whether a trade confirmation message for the trade counterparty is required or not. If you indicate that the trade confirmation message is required, then it will be generated for all securities deals where your bank is one of the trade parties (either as the principal or on behalf of one of your customers). |
|
Receive free |
When you input a securities deal, where either your bank your custody customer is the trade counterparty and the receipt of securities is free of payment, a receive free message is generated. You can also send this message when your bank has been instructed to receive a specified amount of securities from a specified party (free of payment) on behalf of your customer. |
|
Receive against payment |
When you input a securities deal where either your bank or your custody customer is the trade counterparty. The receipt of securities is done against payment of funds and a receive price message is generated. You can send this message to your customer when your bank has been instructed to receive a specified amount of securities from a specified party (against payment of funds), on behalf of your customer. |
|
Deliver fee |
When you input a securities deal, where either your bank or the custody customer of your bank is the trade counterparty and the delivery of specified securities is done free of payment. A delivery free message is generated. You can also send this message when your bank has been instructed to deliver a specified amount of securities to a specified party (free of payment) on behalf of your customer. |
|
Deliver against payment |
When you input a securities deal where either your bank or your custody customer is the trade counterparty and the delivery of specified securities is done against payment of funds. A delivery against payment message is generated. You can also send this message when your bank has been instructed to deliver a specified amount of securities to a specified party (against payment of funds) on behalf of your customer. |
|
Confirmation of receipt free |
The SK location sends you a receipt, for having received a specified quantity of securities to a specified party, without any payment. You can generate and send a confirmation of receipt free message after the delivery of securities is confirmed, for a securities deal involving the custody customer. |
|
Confirmation of receipt against payment |
The SK location sends you a receipt for having received a specified quantity of securities sent to a specified party against payment of a specific amount. You can generate and send a confirmation of receipt against payment, after the delivery of securities confirmed for a securities deal involving the custody customer. |
|
Confirmation of free delivery |
You can send this advice to a custody customer to confirm the delivery of a specified quantity of securities (physically or by book entry) without any payment to a specified party. |
|
Confirmation of delivery against payment |
Your custody customer may instruct you to deliver a specified quantity of securities against payment, to a specified party. You can generate this advice confirming the delivery of securities against payment. |
|
Advice of Cancellation |
In Oracle Banking Treasury Management, when you buy or sell securities either for yourself or on behalf of a customer, an appropriate SWIFT message is generated. The SWIFT message that is generated depends on the type of deal processed. When a buy or sell securities deal is canceled, an MT 592 can be generated to the same party to whom the earlier SWIFT message was sent. The MT 592 will contain the following details:
Note: An MT 592 will be generated when a deal is reversed only if you have associated the advice tag REVSWIFT to the reversal event. |
This topic contains following sub-topics: