10.18 Product Code- SRR5
SVD3 – SR - Securities REV REPO FIXED– Reverse Repo
Business Scenario
Securities Instrument SRR5 is parametrized with following features.
Synopsis (ex. High level features etc.)
- The Maturity ranges 1-365 days
- It is backed by collateral of securities.
- It is a bank to bank deal
- The instrument is issued at a Bearing
Detailed Coverage
SRR5 Securities Reverse Repo covers the following features,
Table 10-59 Detailed Coverage
Detailed Coverage | - |
---|---|
Type of the Product | Reverse Repo |
Payment Method Covered | Bearing Payment Method |
Accrual Covered | Daily Accrual |
Liquidation |
|
Interest Rate details | Fixed Rate Interest |
Schedule |
|
Maturity Type | Fixed Maturity |
Forward Date Deal | Forward Date Deal allowed |
Events Covered
Product SRR5 has the Life Cycle of Commercial Paper as listed below:
Table 10-60 Events
Events Covered | Terminology |
---|---|
BOOK | Booking of contract |
INIT | Contract Initiation |
LIQD | Contract Liquidation |
ROLL | Rollover of Contract |
REVC | Contract Reversal |
CAMD | Contract Amendment |
CONF | Confirmation of contract |
REAS | Reassign User |
REVP | Reversal of Payment |
VAMB | Value Dated Amendment Booking |
ACCR | Contract Accrual |
FACR | Fee Accrual |
FELR | Fee Liquid |
NOTC | Billing Notice Generation |
SGEN | Settlement Message Generation |
STCH | Status Change |
RTFX | Rate Fixing |
Advices Supported
Following Advices setup done in the SRR5 Product as part of Product Life Cycle:
Table 10-61 Advices
Advices | Description |
---|---|
PAYMENT_MESSAGE | Payment Message |
CUST_PMT_ADV | CREDIT DEBIT MESSAGE |
SWIFT_MESSAGE | MT320,MT335,MT350 |
Messages
Table 10-62 SWIFT Messages
SWIFT Messages | Contract Field |
---|---|
MT 202 | Payment Message |
MT 210 | Payment Message |
MT 320 | Fixed Contract Confirmation |
MT 350 | Deposit Interest Payment Advice |
MT 335 | Call/Notice Rate Change Advice |
Interest / Charges / Commission & Fees
Interest
In SRR5 product is parametrized with following Interest component. SRINTCLS1– Component
Special/Other Features
Other Features
- Interest Calculation Basis – Actual/365
- Negative Interest Allowed
Additional information (ex. UDF & other Special Maintenance)
Other Special Maintenance
- SR Branch Parameter
- Treasury Branch Parameter
- Messaging Parameter
- Local Holidays
- SR Batch Maintenance
- Fixed Rate Maintenance
Parent topic: Product Catalog - Treasury Securities Repo Instrument