5.10.10 CCS Principal Reset EOD Processing

If the preference field Manual Principal Reset Required is checked then CCS type of contracts on the fixing date when principal reset request is not received from external System nor manually reset through the new screen then during the EOD batch the process of Principal reset on concerned contracts is executed. The respective Principal schedule reset is skipped, and the principal reset event should be pending /overdue from schedule date.

When the Manual Principal Reset Required is unchecked, during the EOD of Fixing date the process of Principal reset on concerned CCS contracts is auto executed, System picks the exchange rate available between the in the leg and out leg currency, and the respective schedule reset is triggered.

New Principal Reset event DPRS is triggered on the EOD of fixing the date.

Confirmation messages linked to Principal reset event DPRS is generated as part of EOD Processing.

Payment message is generated based on the SGEN days of resettable currency.

On the Principal reset schedule date, event DPLQ- Derivatives Principal liquidation will fire posting the actual entries of Principal Increase or decrease on the resettable leg.

During EOD if for a specific principal reset schedule fixing has not happened or fixing is reversed and later no fixing again then a dummy DPRS event will fire on principal reset schedule EOD date with zero change in principal. There will not be any message generation on such reset dates.

For plain CCS deals on the principal schedule date system will do a principal liquidation based on the available principal amount.