Fixed Deposit drawdown on maturity date
- kda
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11 years 3 months ago #14591
by kda
Fixed Deposit drawdown on maturity date was created by kda
Dear all
In my system fixed deposit(MM), It will drawdown after through COB, Ex: expiry date 14-08-2013 so unless wait COB night 14-08-2013 then It will drawdown to AC but purpose want drawdown on time 14-08-2013 without wait one COB, Is there any way to do
Thanks
In my system fixed deposit(MM), It will drawdown after through COB, Ex: expiry date 14-08-2013 so unless wait COB night 14-08-2013 then It will drawdown to AC but purpose want drawdown on time 14-08-2013 without wait one COB, Is there any way to do
Thanks
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- jpb
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11 years 3 months ago #14592
by jpb
Replied by jpb on topic Fixed Deposit drawdown on maturity date
Change your contracts to mature at start of day, i.e. it will be booked during COB from 13th to 14th (in MM.START.OF.DAY).
MATURE.AT.SOD
This field is the MATURE.AT.SOD, which stands for mature at the Start of Day.
Validation Rules
When a category code is entered in the MONEY.MARKET contract, the value of field MATURE.MM.AT.SOD on LMM.ADVICES parameter file is taken and defaulted into this field MATURE.AT.SOD on the MONEY.MARKET contract. This value can manually be overridden.
3 alphanumeric characters YES or NO. Mandatory input.
Must be YES or NO.
Defaulting occurs on an entry of a valid category code that may or may not have a corresponding LMM.ADVICES parameter record set-up. If a record is present with a value in MATURE.MM.AT.SOD, then thats taken, if this record is not present at all, then the default is NO.
MATURE.AT.SOD
This field is the MATURE.AT.SOD, which stands for mature at the Start of Day.
Validation Rules
When a category code is entered in the MONEY.MARKET contract, the value of field MATURE.MM.AT.SOD on LMM.ADVICES parameter file is taken and defaulted into this field MATURE.AT.SOD on the MONEY.MARKET contract. This value can manually be overridden.
3 alphanumeric characters YES or NO. Mandatory input.
Must be YES or NO.
Defaulting occurs on an entry of a valid category code that may or may not have a corresponding LMM.ADVICES parameter record set-up. If a record is present with a value in MATURE.MM.AT.SOD, then thats taken, if this record is not present at all, then the default is NO.
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- vijaykrishnan.j
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9 years 4 months ago #17727
by vijaykrishnan.j
Replied by vijaykrishnan.j on topic Fixed Deposit drawdown on maturity date
HI,
As JPB mentioned yes, you can change the field MATURE.AT.SOD as YES.
But in case you are on 14-08-2013 and cannot wait for the cob on that day, you can do an online maturity also by running the service BNK/MM.ONLINE.MAT and maturing the MM.
As JPB mentioned yes, you can change the field MATURE.AT.SOD as YES.
But in case you are on 14-08-2013 and cannot wait for the cob on that day, you can do an online maturity also by running the service BNK/MM.ONLINE.MAT and maturing the MM.
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