8.2 FX Manual Matching Process

This topic describes about FX Manual matching Process.

System will fetch all message/contract records based on the query criteria in the Manual Matching screen.

Only Partially Matched/unmatched messages can be fetched for manual matching.

Only the Single message record can be processed from this screen at a time by selecting the same.

Processing of Partially Matched /Unmatched Messages:

On selecting a partially matched record in the Message details Block, system will display the partial match details available for the record with contract and confirmation rule ID details.

After selecting a partial match detail which is to be matched against a selected partially matched message user can save the record. On saving a manual match, match record status is shown as ‘Active’ and unauthorized.

The message is marked as Match In Progress. User will not be able fetch this message record for another manual matching process.

On saving a manual match, the related FX contract is locked and is unauthorized. Authorization is allowed only from matching screen.

The authorizer initiates the authorization process for the manually matched deals to complete the process. Once the manual match transaction is authorized, message is marked Completely Matched and for the related FW contract WCNF event is triggered and CONF event is triggered at the Product Processor for the corresponding FX contract.

System will store the mode of matching as ‘Manual’.

If any of the partial match details cannot be considered for matching the message, user can enter query for contract details by pressing Contract button to fetch the unconfirmed deal records in the system.

User can query the contract and open it in view mode from this screen using ‘View Contract’ button.

User can select any one of the contract from ‘Contract Details’ screen and initiate manual matching by saving the record.

Contract reference number selected is populated in the ‘Contract Reference field’ in the main screen.

System throws an error if the user tries to select a contract from the screen in the below cases:

• No message is selected in the Message block or A Partial match is already selected against the message for matching and contract reference number is already populated in the header.

If the contract is selected for matching then this contract number will appear in the Contract reference field.

Un - Matching of Matched Messages

User can select the match record of a completely matched message from the summary screen of Confirmation Message Matching screen. This can be manual/auto matched record.

Unmatch of a matched record can be initiated by pressing the Close button from the detailed screen.

The record status is closed and unauthorized. The message status is ‘Match in Progress’. System fires unconfirm event WUNC for the related FW contract and UCNF event is triggered at the Product Processor for the corresponding FX contract.

On authorizing the closure of the record, system will mark the Match status of the message as Unmatched.

The ‘closed’ Match records cannot be reopened and processed further.

User is able to fetch the unmatched messages again to initiate a new manual match process.

Validation while doing a message un matching for a contract marked for ‘Payment on confirmation’, Contract is marked for ‘Payment on confirmation’. Any payment message sent on confirmation has to be manually reverted.