2.8.1 Specify Details of Parties Involved in Repo Block

The Parties screen can be used to record details related to all the parties involved in the Repo block.

1. On the Securities Block or Release Block Input screen, click Parties button in the Repo subscreen.

   The Party Details screen is displayed.

   Figure 2-51 Party Details

   
   Description of "Figure 2-51 Party Details"
2. On Party Details screen, specify the following details:

   Table 2-48 Party Details- Field Description

   Field	Field Description
   Leg Reference Number	The system displays the leg reference number
   Description	The system displays the description for the leg reference number
   Counterparty	The system displays the counterparty
   SK Location	The system displays the SK location
   Portfolio ID	The system displays the Portfolio ID
   Settlement SKL	The system displays the place of settlement
   Security ID	The system displays the Security ID
   Messages	The system displays the messages
   Advice Code	The system displays the advice code
   Advice Description	The system displays the description for the advice
   Party ID	The system displays the party ID
   Description	The system displays the description of the party
   Address 1 – 6	Specify the address lines 1 to 6 for the selected Party ID.
   Additional Information 1 – 3	Specify additional information, if any.
   Party Details	Specify the party details.
   Party Type	Specify the party type. The adjoining option list displays the party types maintained in the system. You can choose the appropriate one.
   Description	The system displays the description of the party type
   Party ID	Specify the party ID from the adjoining option list. The list will display all valid party IDs maintained in the system. You can choose the appropriate one.
   Counterparty Account	Specify the counterparty account
   Address 1-4	Specify the address lines 1 to 4 for the selected Party ID.

   Settlement Parties information default happens for the multiple portfolio maintained during creation. On Liquidation of SR Repo contract message, MT541/540 gets generated based on whether the flag Delivery vs Payment is enabled or toggled off to the linked Block deal. During booking of a SR Repo Deal, the parties default happens for the combination of counterparty, settlement SKL and Market code.

   The Message MT54x gets generated for the BOOK event for the Linked Block Deal. The message generates the SETPRTY details for party type REAG, BUYR and PSET value. You can check the message in linked block deal screen under BOOK event.

   On SR Repo Maturity, the Linked Block deal also gets released or liquidated. RBLK event gets triggered on release of security block generating the MT54x message. The message displays the set party block for party type DEAG, SELL and PSET values.

   The system performs the following validations:

   • The system validates when the existing address line to address line 4 is modified.
   • Validate on booking of Repo contract message MT542/543 gets generated based on the flag Delivery vs Payment flag is enabled or toggled off to the linked block deal.