4) Introduction To T24 - T2ITC - Money Market
4) Introduction To T24 - T2ITC - Money Market
MM
Deposit / Loan
Fixed Floating
Capitalisation Capitalisation
Yes No Yes No
Slide 2
Introduction
Front Office
Call, Notice and Fixed term contracts input
Rolling over Fixed period contracts
Online receipts / payments handling
Back office
Authorising contracts and their amendments
Settlement and accounting
Monitoring maturity of contracts
Slide 3
MM.MONEY.MARKET - Static Tables
COUNTRY
CURRENCY
HOLIDAY
CUSTOMER
MM.MONEY.MARKET FT.COMMISSION.TYPE
PERIODIC.INTEREST
BASIC.INTEREST CATEGORY
INTEREST.BASIS
Slide 4
DEPOSITS / TAKINGS
Slide 5
Deposits - Mandatory Details
Term
Call and Notice indicated with 0 and a Number between 1 and 999
Fixed period specified as date or number suffixed with D,W or M
Slide 6
Deposits - Mandatory Details
Interest Rates
Rate to be input for Fixed interest
Floating rate key for variable interest with positive or negative spread
Also possible to opt for Negative interest rate
Interest due date and frequency
rest
Slide 7
Workshop - 1
Use User menu > Treasury Operations > Forex & Money Market
Trader > Front office > Money Market Trader > MM Takings/Deposit >
Input Fixed Maturity Contract
Input a 3 month deposit for USD 50,000 for your Corporate Customer
Fixed interest of 3% is applicable
Indicate your customer’s current account for drawdown and liquidation
purposes
Accept overrides, if any and commit the record
Use User menu > Treasury Operations > Forex & Money Market Trader
> Back office > Accounting Entries > View Transaction entries
View summary of accounting entries
Slide 8
Workshop - 1 Solution
Slide 9
Workshop - 1 Solution
Slide 10
Rollover of Deposits
Manual Rollover
New maturity date to be entered in MATURITY.DATE Field
Old maturity date defaults as date for rollover in ROLLOVER.DATE Field
Mere extension of maturity or rollover with interest liquidation or
capitalisation choices
Automatic Rollover
Auto Rollover Term
Used to indicate frequency of rollover
Rollover Interest Rate can be same or different
For fixed rate contracts, could also be picked from PERIODIC.INTEREST
Periodic interest can be indicated as Pnn, PnnB, PnnO and PnnS
Periodic rate depending on Deposit / Loan, Only Bid rate, Only Offer rate,
Periodic rate + a desired Spread are these choices
Slide 11
Workshop - 2
Use User menu > Treasury Operations > Forex & Money Market Trader
> Front Office > Money Market Trader > MM Takings/Deposit >
Rollover/Amend Fixed Period Contracts
Roll over the deposit input in previous workshop on the following terms
Opt for automatic rollover every 15 days
Final maturity is after 2 more months
Rollover interest to be applied from PERIODIC.INTEREST record 01
Accept overrides, if any and commit the record
Slide 12
Workshop - 2 Solution
Slide 13
PLACEMENT / LOAN
Slide 14
Call / Notice Loan
Term should be 0 for Call and a number between 1 to 999 for Notice
contracts
Number indicates the number of days of Notice required
Later, while serving / receiving notice, when a maturity date is indicated,
T24 checks whether the date is as per the Notice period required
If the Notice period has not been observed, Override generated
Slide 15
Workshop - 3
Use User menu > Treasury Operations > Forex & Money Market Trader
> Front office > Money Market Trader > MM Placement / Loans > Input
Call/Notice Contracts
Input a Call loan of USD 30,000 for your Corporate Customer
Set Interest rate type as 3 for floating interest rate
Choose Floating interest key as 1 with a spread of 0.5 per cent
Defer the interest.
Give a interest payment frequency of twice a month (TWMTH).
Observe how the due date is defaulted.
Slide 16
Workshop - 3 Solution
Slide 17
Workshop - 3 Solution
Slide 18
Workshop - 4
Use User menu > Treasury Operations > Forex & Money Market Trader
> Front office > Money Market Trader > MM placement /Loans > Input
Call/Notice Contracts
Input a 10 day notice loan of USD 30,000 for your Corporate Customer
Set Interest rate type as 1 for fixed rate
Indicate Fixed interest rate of 4 percent
Liquidate the interest but capitalise
Give a interest payment frequency as monthly
Slide 19
Workshop - 4 Solution
Slide 20
Enquiries and COB Reports
Enquiries
List of Call/Notice deals done today
List of Fixed period deals done today
COB Reports
Money Market Maturity report
Report on imminent maturity
Money Market payments report
Report on external payments
Slide 21
Workshop - 5
Use User menu > Treasury Operations > Forex & Money Market Trader
> Front Office > MM Enquiries > List of Call/Notice deals done today
View the list of Call and Notice deals done today
Use User menu > Treasury Operations > Forex & Money Market Trader
> Front Office > MM Enquiries > List of Fixed period deals done today
View the list of Fixed period deals done today
Use Role Based Home Pages > Treasury Operations > Home Page –
Treasury Back Office > Treasury COB Reports > MM COB Reports >
Money Market Maturity Report
View report on imminent maturity contracts
Slide 22
Workshop - 5 Solution
Slide 23
Workshop - 5 Solution
1
2
Slide 24
MM Links
Fixed, Floating,
Periodic
Deposits / Loans
Slide 27
Thank You