2.3.6 Handle Brokerage

In Oracle Banking Treasury Management, you can maintain a list of all the brokers with whom you deal with in the Broker Master Maintenance table. In this table, for each broker, you can specify brokerage details such as the broker’s name and address; a unique code for the broker; the brokerage payable currency; whether you would like to book brokerage in advance or arrears, etc.

A centralized brokerage set up means that you do not have to specify brokerage details every time you enter into a deal. When processing a security deal, the details maintained for the specified broker are automatically picked up. You can change the default brokerage details.