2.18 Security Repo VAMI

This topic describes how to use Security Repo Vami to capture the Security Repo Vami details.

1. On Homescreen, specify SRDXVMND in the text box, and click the next arrow.

   Security Repo Vami screen is displayed.

   Figure 2-59 Security Repo Vami

   
   Description of "Figure 2-59 Security Repo Vami"
2. On the Security Repo VAMI screen, specify the details as required.

   For information on fields, see the below table:

   Table 2-57 Security Repo VAMI - Field Description

   Field	Description
   Contract Reference	SR Contract Reference Number or Agreement Reference Number
   Counterparty	The Counterparty details is displayed.
   Customer Name	Customer name is displayed.
   Currency	Contract currency details are displayed.
   Latest Version Number	Contract version number is displayed.
   Amendment Date	The date of amendment is displayed.
   Start Date	The start date of contract is displayed.
   Product	The product details is displayed.
   Product Description	The default description is displayed.
   Current Values	Specify the Current Values.
   Principal	The Principal details are displayed.
   Rate	The rate is displayed.
   Modification	Specify the modification details.
   Maturity Date	The Maturity date of the contract is displayed.
   Repricing	Repricing of purchased repo/reverse repo is specified.
   Increase in Principal	Change in principal on repricing is given.
   Decrease in Principal	Decrease in principal can be given if repricing is selected.
   Local Currency Equivalent	Specify the local currency equivalent for the total paid amount. The local currency equivalent is calculated.

   • If Collateral revaluation is by repricing, value dated amendment is initiated. The Value dated amendment is done from SRDXVMND Repo VAMI screen.
   • If the Repricing flag is enabled, the user can increase or decrease the principal amount and change the repo rate for repricing.

   WARNING:

   The Principal decrease is allowed for repricing only.

3. On the Security Repo VAMI screen, click Brokerage.

   The Brokerage screen is displayed.

   Figure 2-60 Brokerage

   
   Description of "Figure 2-60 Brokerage"
4. On Brokerage screen, specify the details as required.

   For information on fields, see the section: Step 21. Brokerage

5. On the Security Repo VAMI screen, click Revision Details.

   Revision Schedule Details screen is displayed.

   Figure 2-61 Revision Schedule Details

   
   Description of "Figure 2-61 Revision Schedule Details"
6. On the Revision Schedule Details screen, specify the details as required.

   For information on fields, see the below table:

   Table 2-58 Revision Schedule Details - Field Description

   Field	Description
   Component	Displays Interest component
   Revision Date	This is a mandatory field. Displays Rate revision date
   Apply	This is a mandatory field. Displays whether revision is applied or not

7. On the Security Repo VAMI screen, click Split Settlement.

   Split Settlement Screen is displayed.

   Figure 2-62 Split Settlement

   
   Description of "Figure 2-62 Split Settlement"
8. On the Split Settlement screen, specify the details as required.
9. On the Split Settlement screen, select a contract.
10. On the Split Settlement screen, under the Split Settlement Details, click the + Icon.

    Split Settlement screen with New arrow is displayed.

    Figure 2-63 Split Settlement with a new row added

    
    Description of "Figure 2-63 Split Settlement with a new row added"

    Note:

    This process of splitting the settlements for a contract is allowed on the principal, Interest (Anticipated Interest for new contracts), and charges.
11. On the Split Settlement screen, specify the details as required.

    For information on fields, refer to the below table:

    Table 2-59 Split Settlement - Field Description

    Field	Description
    Contract Reference	The selected contract reference number is displayed.
    Amount Tag	The Amount Tag details from the contract is displayed.
    Basis Amount	The Basis Amount details is displayed.
    Sequence Number	The Sequence number details is displayed.
    Branch	The Branch details is displayed. Click the search icon and select the branch as required.
    Customer	The Customer number is displayed. Click the search icon and select the customer as required.
    Account Currency	Click the search icon and select the account currency from the list displayed.
    Account	Click the search icon and select the account details from the list displayed.
    Amount	Specify the amount details as required.
    Percentage of Proceeds	Specify the percentage as required for the split.
    Amount Tag	Specify the amount tag details as required.

12. On Security Repo VAMI screen click CIF Breakup.

    The CIF Breakup screen is displayed.

    Figure 2-64 CIF Breakup

    
    Description of "Figure 2-64 CIF Breakup"
13. On CIF Breakup screen, specify the fields.

    For more information on fields, see the below table:

    Table 2-60 CIF Breakup - Field Description

    Field	Description
    Payment Type	Displays the payment type
    Customer Number	Displays the customer number
    Principal	Displays the principal amount
    Principal Change	Displays the principal change
    Percentage	Displays the percentage

14. On Security Repo VAMI screen click Settlement.

    The Settlement screen is displayed.

    Figure 2-65 Settlement

    
    Description of "Figure 2-65 Settlement"
15. On the Settlement Details screen, specify the details as required.

    For information on fields, refer to the Settlement User Guide.

16. On the Security Repo Vami Screen, click Payment Details.

    The Settlement screen is displayed.

    Figure 2-66 Settlement

    
    Description of "Figure 2-66 Settlement"
17. On the Settlement Details screen, specify the details as required.

    For information on fields, see the below table:

    Table 2-61 Settlement - Field Description

    Field	Description
    Component	Displays Component details
    Due Date	Displays Payment due date
    Amount Due	Displays Payment Due amount
    Amount Settled	Displays Payment amount which is already settled
    Amount Adjusted	Displays Adjustment amount

18. On the Security Repo Vami Screen, click Messages

    Advice Details screen is displayed.

    Figure 2-67 Advice Details

    
    Description of "Figure 2-67 Advice Details"
19. On the Advice Details screen, specify the details as required.

    For information on fields, see the below table

    Table 2-62 Advice Details - Field Description

    Field	Description
    Contract Reference	Displays Contract reference number
    Advice Name	Displays the Advice name applicable for the contract
    Receiver	Displays the Receiver ID
    Medium	Displays the Message medium
    Suppress	Displays whether message must be suppressed or not
    Priority	Displays the message priority

20. On Security Repo VAMI screen, click Interest.

    ICCF screen is displayed.

    Figure 2-68 ICCF

    
    Description of "Figure 2-68 ICCF"
21. On Interest Details screen, specify the fields.

    Table 2-63 Interest Details - Field Description

    Field	Description
    Interest Basis	The method in which the number of days are to be calculated for interest, charge, commission or fee components and whether their application is tenor based is displayed here based on the specification the user made at the product level. The user can choose to change it. The following are the options available: 30(Euro)/360 30(US)/ 360 Actual/360 30(Euro)/365 30(US)/365 Actual/365 30(Euro)/Actual 30(US)/Actual Actual/Actual 30(Euro)/364 30(US)/ 364 Actual/364
    Fixing Date Movement	Select the movements from the drop-down list. The available movements are: Forward Backward None as per the requirement for the effective revision date.
    Rate Fixing Days	Specified the rate fixing days, If rate fixing days is greater than zero, movement is selected either as forward or backward. If rate fixing days is zero, then fixing date movement will remain blank.

22. The system performs the following validations:
    1. It allows you to amend the interest rate from main interest component only.
    2. Based on whether effective interest rate is positive or negative, the system assigns the rate to main component/negative component.
    3. Back dated amendments are allowed with value date as last payment/amendment date whichever is later.
23. On Security Repo VAMI screen, click Charges.

    The Charge Details screen is displayed.

    Figure 2-69 Charge Details

    
    Description of "Figure 2-69 Charge Details"
24. On the Charge Details screen, specify the details as required.

    For more information on fields, see the below table

    Table 2-64 Charges Details- Field Description

    Field	Description
    Contract Reference	Displays the contract reference number
    Charge Association	Specify the Charge Association details.
    Creation ESN	Displays the Event Sequence number
    Component	Displays the charge component
    Rule	Displays the Charge Rule ID
    Description	Displays the Charge Rule description
    Consider as Discount	Displays whether Charge component must be considered for IRR calculation
    Waived	Specify if user wants to waive the charge associated to the event
    Accrual Required	Displays if charge must be accrued or not
    External Pricing	Displays if charge is priced externally
    Debit Customer as part of Billing	Displays if charge id debited from customer
    Charge Application	Specify the Charge Application details.
    Creation ESN	Displays Event sequence number
    Component	Displays Charge component
    Tag Currency	Displays tag currency
    Tag Amount	Displays tag amount
    Charge Currency	Displays charge currency
    Charge Amount	Displays Charge Amount
    Consider as Discount	Displays if charge component must be considered for IRR calculation
    Waived	Specify if the charge applied for the contract must be waived
    Liquidated	Displays if charge is liquidated
    Charge Liquidation	Specify the Charge Liquidation details.
    Event Sequence Number	Displays event sequence number
    Component	Displays charge component
    Charge Currency	Displays charge currency
    Charge Amount	Displays charge amount
    Liquidated	Displays if charge is liquidate for the contract

25. On the Securities Repo VAMI screen, click Tax.

    The Tax Details screen is displayed.

    Figure 2-70 Tax Details

    
    Description of the illustration srdtronl__cvs_tax.png
26. On the Tax Details screen, specify the details as required.

    For information on fields, refer to: Step 31. Tax

27. On the Securities Repo VAMI screen, click MIS.

    MIS Details screen is displayed.

    Figure 2-71 MIS Details

    
    Description of "Figure 2-71 MIS Details"
28. On MIS Details screen, specify the details as required.

    For information on fields, refer to the MIS User Guide