8.3 Event Class

This topic describes the event class.

A deal goes through different stages in its life cycle, such as:

• Deal booking
• Money Settlement of Securities Deal
• Settlement of Securities Deal
• Reversal of Securities Deal
• Cancellation of Securities Deal, etc.

Each stage is referred to as an Event, in Oracle Banking Treasury Management.

The following are examples of the events for a portfolio that you maintain:

• Booking of Contingent Asset
• Accrual of Discount Earned
• Accrual of Interest Earned
• Forward Profit and Loss Accrual

At an event, you may want to generate advices or post accounting entries. For instance, whenyou settle a deal (a Money Settlement Event), you would:

• Pass the requisite entries
• Print a payment advice

Define the accounting entries and advice to be passed for a set of events, as an Event Accounting Entries and Advices Class. An Events Class can be associated with a deal or portfolio product that you have maintained. At an event, in the life cycle of a deal relating to a product, or a portfolio, the appropriate entries will be passed. Advices will be generated as defined, for the associated events class.

This topic contains the following subtopics:

• Maintain an Event Accounting Entries and Advices Class
  This topic describes the systematic instructions to maintain event accounting entries and advice class.