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Settlement Amount Calculation for X-Currency Trades

Question / Problem: 

How will Confirm calculate the SettlementAmount for non X-Currency Trades?

Answer / Solution: 

There is a custom setting for SettlementAmountCalculation that can be enabled on per IM basis.

It is unusual for the IM to provide settlement amount for the splits on a non X-ccy trade. IM would provide a settlement amount only if the currencies are different.

However if a IM provides the settlement amount and matches on settlement amount then it can enabled via the below setting for the IM in Party Management.

Navigate to the IM in Party Management -> Click on modify -> Enable Settlement Amount Calculation for this IM.

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Applies to:  

Product Version
Optitrade Confirm 5.3+

 

Author: Shivani Gupta

 

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