21.1.9.1 Money Settlement

Money settlement for security deals can be either automatic or manual. While processing a deal you can indicate the manner in which the deal should be settled. Check against the option 'automatic money settlement' from the Securities Deal Main screen to indicate the automatic mode of settlement. Leave it unchecked to indicate a manual settlement. If you specify the automatic mode of money settlement, the deal will be automatically settled on the settlement date that you specify when the beginning of day operations are run. If you specify a manual money settlement, you will need to give specific instructions for a money settlement. You can liquidate a deal by choosing 'Liquidate' from the Processing submenu of the Actions Menu, on the day you want to settle a deal.