Amend Process

7.4 Amend Process

This topic describes the amendment process of the contract.

Users is allowed to amend the contract at any point in time. Amendment can be done by clicking the unlock button in the toolbar. On every amendment, a new version is created for the contract. Amendment of the contract will come in from the front office system also. On amendment of the contract, the Pre- Settlement manager will decide if it is a financial or non-financial amendment based upon the set of fields getting changed. If Flex cube determines it’s a financial amendment, it will go as a reversal and new contract to the product processor else as an amendment to the existing contract.

Counterparty
Bought Currency
Bought Amount
Sold Currency
Sold Amount
Exchange Rate
Bought/Sold Value date
Bought/Sold Booking Date
Bought/Sold Trade Date
Deal Type
Broker Code
Buy/sell Indicator
NDF Currency
NDF Fixing Date
Cover Rate

Amendment confirmation is sent as a CANC/NEWT or as an AMND itself, depending upon if it is a financial or non-financial amendment.

This topic has the following topics:

Parent topic: Process a CW Contract