11.4.2.4 MM Borrowing with Fixed Bearing Interest
The preferences set for this product are as follows:
- The payment type for this product is of Bearing type
- Forward dating is allowed for the product.
BOOK: Booking a Borrowing with fixed bearing interest
The following are the accounting entries:
Table 11-48 Accounting Entries
| Accounting Role | Amount tag | Dr./Cr. Indicator |
|---|---|---|
| FWDLIABGL | PRINCIPAL_FWD | Credit |
| FWDLIABOFF | PRINCIPAL_FWD | Debit |
The following are the advices:
Table 11-49 Advices
| Advice Name | Description |
|---|---|
| MMBRKCON | Broker Confirmation |
| MMCONDEP | MM Borrowing Confirmation |
| MM_DEAL_SLIP | Deal Slip |
| SWIFT_MESSAGE | MT320, MT330, MT335, MT350 |
| PAYMENT_MESSAGE | Payment Message |
INIT: Initiation of a Borrowing with fixed bearing interest
The following are the accounting entries:
Table 11-50 Accounting Entries
| Accounting Role | Amount Tag | Dr./Cr. Indicator |
|---|---|---|
| FRTAXC_EXP | FRTAXC_AMT | Debit |
| FRTAXC_PAY | FRTAXC_AMT | Credit |
| LIABGL | PRINCIPAL | Credit |
| CUSTOMER | PRINCIPAL | Debit |
| FWDLIABGL | PRINCIPAL_FWD | Debit |
| FWDLIABOFF | PRINCIPAL_FWD | Credit |
The following are advices:
Table 11-51 Advices
| Advice Name | Description |
|---|---|
| MM_CONT_ADV | Contract Advice |
| NA | NA |
ACCR: Accrual of interest
The following are the accounting entries:
Table 11-52 Accounting Entries
| Accounting Role | Amount Tag | Dr./Cr. Indicator |
|---|---|---|
| INTEREXP | INTER_ACCR | Debit |
| INTERPAY | INTER_ACCR | Credit |
ROLL: Rollover
The following are the accounting entries:
Table 11-53 Accounting Entries
| Accounting Role | Amount Tag | Dr./Cr Indicator |
|---|---|---|
| CUSTOMER | INTER_LIQD | Debit |
| INTER_REC | INTER_LIQD | Credit |
| ASSET GL | INTER_ROLL | Debit |
| INTER_REC | INTER_ROLL | Credit |
| ASSETGL | PRINCIPAL_LIQD | Credit |
| CUSTOMER | PRINCIPAL_LIQD | Debit |
| CUSTOMER | PRINCIPAL_LIQD | Debit |
| ASSETGL | PRINCIPAL_LIQD | Credit |
| CUSTOMER | <Interest_Component>_LIQD | Debit |
| Interest_componentREC | <Interest_Component>_LIQD | Credit |
| ROLL_WASH | PRINCIPAL_ROLL | Debit |
| ASSETGL | PRINCIPAL_ROLL | Credit |
| ROLL_WASH | <Interest_Component>_ROLL | Debit |
| Interest_componentREC | <Interest_Component>_ROLL | Credit |
Additional Accounting Entries for Negative Interest allowed Product:
Table 11-54 Accounting Entries
| Accounting Role | Amount Tag | Dr./Cr. Indicator |
|---|---|---|
| Negative Interest CompREC | Negative Interest Comp_ACCR | Debit |
| Negative Interest CompINC | Negative Interest Comp_ACCR | Credit |
There are no advices for this event.
LIQD: Liquidation
The following are the Accounting Entries:
Table 11-55 Accounting Entries
| Accounting Role | Amount Tag | Dr./Cr. Indicator |
|---|---|---|
| INTERPAY | INTER_LIQD | Debit |
| CUSTOMER | INTER_LIQD | Credit |
| CUSTOMER | PRINCIPAL_LIQD | Credit |
| LIABGL | PRINCIPAL_LIQD | Debit |
Additional Accounting Entries for Negative Interest allowed Product:
Table 11-56 Accounting Entries
| Accounting Role | Amount Tag | Dr./Cr. Indicator |
|---|---|---|
| Customer | Negative Interest Comp_LIQD | Debit |
| Negative Interest CompPay | Negative Interest Comp_LIQD | Credit |
The following are the advices entries:
Table 11-57 Advices
| Advice Name | Description |
|---|---|
| SWIFT_MESSAGE | MT320, MT330, MT335, MT350 |
| PAYMENT_MESSAGE | Payment Message |
VABM: Value Dated Amendment Booking
There are no accounting entries.
The following are the advices:
Table 11-58 Advices
| Advice Name | Description |
|---|---|
| MMAMDADV | Amendment Advice |
| NA | NA |
VAMI: Value Dated Amendment Initiation
The following are the accounting entries:
Table 11-59 Accounting Entries
| Accounting Role | Amount Tag | Dr./Cr. Indicator |
|---|---|---|
| LIABGL | PRINCIPAL_INCR | Credit |
| CUSTOMER | PRINCIPAL_INCR | Debit |
The following are the advices:
Table 11-60 Advices
| Advice Name | Description |
|---|---|
| SWIFT_MESSAGE | MT320, MT330, MT335, MT350 |
| NA | NA |
CAMD: Amendment
There are no Accounting entries.
The following are the advices:
Table 11-61 Advices
| Advice Name | Description |
|---|---|
| SWIFT_MESSAGE | MT320, MT330, MT335, MT350 |
| NA | NA |
REVN: Rate Revision
There are no Accounting and advices entries.
ROLL: Rollover
The following are the Accounting entries:
Table 11-62 Accounting Entries
| Accounting Role | Amount Tag | Dr./Cr. Indicator |
|---|---|---|
| CUSTOMER | INTER_LIQD | Credit |
| INTER_PAY | INTER_LIQD | Debit |
| LIABGL | INTER_ROLL | Credit |
| INTER_PAY | INTER_ROLL | Debit |
| LIABGL | PRINCIPAL_LIQD | Debit |
| CUSTOMER | PRINCIPAL_LIQD | Credit |
Additional Accounting Entries for Negative Interest allowed Product:
For Rollover of Interest
Table 11-63 Accounting Entries
| Accounting Role | Amount Tag | Dr./Cr. Indicator |
|---|---|---|
| LIABGL | Negative Interest Comp_ROLL | Debit |
| Negative Interest CompREC | Negative Interest Comp_ROLL | Credit |
The following are the advices entries:
Table 11-64 Advices
| Advice Name | Description |
|---|---|
| MM_ROLL_ADV | Rollover advice |
| NA | NA |
Parent topic: MM Borrowing with Fixed Discounted Interest