5.11.1 Processing Manual Liquidation

This topic describes the systematic information to perform Manual Liquidation on Derivative type contracts.

The various components in a deal are liquidated either automatically or manually. The mode of liquidation of each component is specified at the time of deal booking. In deal input screen DVDTRONL, the Auto settlement check box on each leg component of interest and principal subsystem can be used to indicate if the liquidation is Manual or Auto.

An automatic settlement is done on schedule payment days by the Automatic Contract Update program. Even if you have defined a deal with automatic liquidation, you can liquidate it manually on or after the schedule date through the Manual liquidation screen.

1. On the Home page, enter DVDTRPAY in the text field and then click the next arrow.

   The Manual Liquidation screen is displayed.

   Figure 5-34 Manual Liquidation

   
   Description of "Figure 5-34 Manual Liquidation"
2. On the Manual Liquidation screen, click New and specify the fields.

   For more information on the fields, refer to the below table.

   Table 5-50 Manual Liquidation- Field Description

   Field	Description
   Contract Reference	Enter the Contract Reference Number or Select the Contract Reference number form the displayed list of values. The system displays the below contract details based on the selected contract: Counterparty number Product Code Counterparty Name Product Description
   Transaction Reference	The System generates a unique reference number on save of manual liquidation.
   Value Date	Enter the Value Date that is the schedule due date and click Default.
   Transaction Date	The system displays the default branch date.
   Amount Settled	The system displays the out leg settled amount.
   Payment Remarks	Enter Payment Remarks if any in this field.
   Payment Breakup	In the Payment Breakup section, the system displays the default values for the below fields: Component Currency Pay/Receive Due Amount Amount Overdue Total Due