1. Derivatives User Guide
  2. Process a Derivatives Contract
  3. Manual Liquidation
  4. Input of Manual Liquidation

5.11.2 Input of Manual Liquidation

This topic describes the process to view the manual liquidation details.

On the Manual Liquidation screen, click New and specify the fields. For more information on the fields, refer to the Manual Liquidation.

Note:

The user can also perform Authorize and Delete Operations.

Once you enter the deal reference number in the Manual liquidation screen, the following details displayed on the screen:

  • Counterparty Number
  • Counterparty Name
  • Product Code
  • Product Description

The Value date in the Manual Liquidation is the date on which the liquidation entries is passed. When you enter a Value date in the Manual Liquidation screen, if there are any schedules due on this date is displayed in the Payment Breakup section and user can liquidate them. If there are no schedules due on that date then no liquidation processing will happen.

Note:

If the Value Date is today or back dated only then Manual liquidation is possible. No future dated and partial amount settlement processing is allowed.

Settlement covering both amount overdue and present schedule due amount can be made, the system forces user to pay out the past schedules along with the current due. Settlement of manual liquidation considering the netting indicator i.e. netting of in-leg and out-leg cash flow, if the notional currency is same for IRS type contracts and netting between principal and interest in case of CCS type contracts for each leg can be made from this function.

In the Manual Liquidation screen, you have a set of icons using which you can navigate to the following screens: Settlements - Click Settlements, the system displays the Settlement Message Details screen.

The payment accounts can also be changed for the various components at the time of payment. The new payment accounts will be used for that particular session of the manual payment function. Advices - Click Advices, the system displays the Advices screen. You can suppress advices using this Advices screen.

This topic has the following sub-topis

Parent topic: Manual Liquidation