4.1 Product Code- FSB1

FSB1 – Cash (FX Cash Deal)

Business Scenario

This financial product that is, Cash helps customers/Corporate to Purchase/Sale the Foreign Exchange Currencies at Cash Market.

Targeted Customer Segment: Inter Bank Clients who seek Cash Foreign Currency Buy/Sell

Introduction

Cash product FSB1 is used to Buy/Sell the Foreign Exchange Currency at Cash Market. The settlement of the deal is done immediately.

Synopsis (ex. High level features etc.)

• Cash Product is used for Purchase or Sale of Foreign Exchange from Cash Market.
• Settlement of the Cash deal happens immediately.
• Customers of both type types that is, retail customers and corporate could be covered under this product.
• It may or may not involve insistence of Limit.

Detailed Coverage

Product FSB1 covers the following features:

• Booking of Deal
• Settlement Message
• Payment Settlement
• Settlements
  • Conventional
  • Continuous Linked Settlement

Events Covered (including brief information on accounting)

Product FSB1 has the Life Cycle as listed below:

Table 4-1 Events Covered

Events Covered	Terminology
BOOK	Contract Booking event triggers when Bank Initiate the Deal.
CONF	On Counterparty Confirmation this event will get triggered.
REAS	Reassign User event will get triggered on new User Assign.
SGEN	Settlement Message Generation
CANC	Deal Cancellation event will get triggered on cancellation of the deal.
LIQD	Liquidation Event will get triggered on Manual/Auto Payment of the Deal
REVP	Payment Reversal is processed under this event
REVR	Contract Reversal is processed under this event

Advices Supported

Following Below are the advices supported for the Cash Deal Product FSB1:

• Confirmation Advice Confirmation
• Contract Reversal
• Deal Slip

Messages

Following SWIFT Messages setup done in the IDRS product as part of product life cycle.

Table 4-2 SWIFT Messages

SWIFT Messages	Contact Field
MT 300	Confirmation, Amendment, Reverse
MT 304	T-Copy Settlement
MT 103/MT 202/MT 205	Payment Message
MT 192/ MT 292	Payment Reversal
MT 210	Receive Notice
MT 940/ MT 950	Account Statement

Generic Features

Cash Product FSB1 features include:

• Deal Booking
• Cross Currency Contract Booking
• Counterparty Confirmation
• Contract Re-assign
• Holiday period treatment
• Capturing of UDE values
• Liquidation of Contract – Auto / Manual

Special/Other Features

Other Features

Other Features of the Cash Product FSB1 are as below:

• Partial Liquidation of the Contract
• Partial Cancellation of Contract
• Limit Tracking
• CLS Status Change
• CLS Alleged Deal Status Change
• CLS Net Position Check
• CLS Status Change Alert