21.1.5.1 Maintain Settlement Instructions for a Deal Leg

So far, we have discussed the basic information that is captured through the Securities Deal Input screen. To recall, along with other details of a deal, you have also specified the buy or sell amounts and the accounts to be debited or credited. The Debit and Credit amounts (and accounts) indicate the accounting entry that has to be passed at your bank to affect the deal. This entry is for the deal amount only. Apart from the details of these two accounts, you may have to capture the following details to effect a deal successfully:

• The accounts to be debited for charges, if there are any
• The accounts to be debited for interest that the deal involves
• The method in which the deal is to be settled -- whether it is an instrument or a Message (as in a SWIFT or TELEX message) and
• Details about the rout through which the money settlement should take place

The information that is related to the settlement method and route applicable for a transfer is referred to as “Settlement Instructions”.