11.4.2.2 MM Placement – 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
The following are the Accounting entries:
Table 11-31 Accounting Entries
| Accounting Role | Amount Tag | Dr./Cr. Indicator |
|---|---|---|
| FWDASSETGL | PRINCIPAL_FWD | Debit |
| FWDASSETOFF | PRINCIPAL_FWD | Credit |
The following are the advices entries:
Table 11-32 Advices
| Advice Name | Description |
|---|---|
| MMCONPLA | MM Placement Confirmation |
| MM_DEAL_SLIP | Deal Slip |
| SWIFT_MESSAGE | MT320, MT330, MT335, MT350 |
INIT: Initiation
The following are the Accounting entries:
Accounting Entries
Table 11-33 Accounting Entries
| Accounting Role | Amount Tag | Dr./Cr. Indicator |
|---|---|---|
| ASSETGL | PRINCIPAL | Debit |
| CUSTOMER | PRINCIPAL | Credit |
| FWDASSETGL | PRINCIPAL_FWD | Credit |
| FWDASSETOFF | PRINCIPAL_FWD | Debit |
| FWDASSETGL | PRINCIPAL_FWD | Debit |
| FWDASSETOFF | PRINCIPAL_FWD | Credit |
| ASSETGL | PRINCIPAL_ROIN | Debit |
| ROLL_WASH | PRINCIPAL_ROIN | Credit |
| ASSETGL | PRINCIPAL_ROIN | Debit |
| CUSTOMER | PRINCIPAL_ROIN | Credit |
The following are the advices entries:
Table 11-34 Advices
| Advice Name | Description |
|---|---|
| MM_CONT_ADV | Contract Advice |
| NA | NA |
The following are the Accounting entries:
Table 11-35 ACCR: Interest Accrual
| Accounting Role | Amount Tag | Dr./Cr. Indicator |
|---|---|---|
| INTERINC | INTER_ACCR | Credit |
| INTERREC | INTER_ACCR | Debit |
| PENL1INC | PENL1_ACCR | Credit |
| PENL1REC | PENL1_ACCR | Debit |
| PENL2INC | PENL2_ACCR | Credit |
| PENL2REC | PENL2_ACCR | Debit |
Additional Accounting Entries for Negative Interest allowed Product
Table 11-36 Accounting Entries
| Accounting Role | Amount Tag | Dr./Cr. Indicator |
|---|---|---|
| Negative Interest CompEXP | Negative Interest Comp_ACCR | Debit |
| Negative Interest CompPAY | Negative Interest Comp_ACCR | Credit |
There are no advices entries.
LIQD: Liquidation
The following are the Accounting entries:
Table 11-37 Accounting Entries
| Accounting Role | Amount Tag | Dr./Cr. Indicator |
|---|---|---|
| CUSTOMER | INTER_LIQD | Debit |
| INTERREC | INTER_LIQD | Credit |
| PENL1REC | PENL1_LIQD | Credit |
| CUSTOMER | PENL1_LIQD | Debit |
| CUSTOMER | PENL2_LIQD | Debit |
| PENL2REC | PENL2_LIQD | Credit |
| ASSETGL | PRINCIPAL_LIQD | Credit |
| CUSTOMER | PRINCIPAL_LIQD | Debit |
Additional Accounting Entries for Negative Interest allowed Product:
Table 11-38 Accounting Entries
| Accounting Role | Amount Tag | Dr./Cr. Indicator |
|---|---|---|
| Negative Interest CompPay | Negative Interest Comp_LIQD | Debit |
| Customer | Negative Interest Comp_LIQD | Credit |
The following are the advices entries:
Table 11-39 Advices
| Advice Name | Description |
|---|---|
| SWIFT_MESSAGE | MT320, MT330, MT335, MT350 |
| PAYMENT_MESSAGE | Payment Message |
VAMB: Value Dated Amendment Booking
There are no Accounting entries.
The following are the advices entries:
Table 11-40 Advices
| Advice Name | Description |
|---|---|
| MMAMDADV | Amendment Advice |
| NA | NA |
VAMI: Value Dated Amendment Initiation
The following are the Accounting entries:
Table 11-41 Accounting Entries
| Accounting Role | Amount Tag | Dr./Cr. Indicator |
|---|---|---|
| ASSETGL | PRINCIPAL_INCR | Debit |
| CUSTOMER | PRINCIPAL_INCR | Credit |
The following are the advices entries:
Table 11-42 Advices
| Advice Name | Description |
|---|---|
| SWIFT_MESSAGE | MT320, MT330, MT335, MT350 |
| NA | NA |
CAMD: Contract Amendment
There are no Accounting entries.
The following are the advices entries:
Table 11-43 Advices
| Advice Name | Description |
|---|---|
| SWIFT_MESSAGE | MT320, MT330, MT335, MT350 |
| NA | NA |
REVC: Reversal
There are no Accounting entries.
The following are the advices entries:
Table 11-44 Advices
| Advice Name | Description |
|---|---|
| SWIFT_MESSAGE | MT320, MT330, MT335, MT350 |
| NA | NA |
Parent topic: MM Borrowing with Fixed Discounted Interest