Settlement Procedures
Overview
Contents of Settlement Procedures
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SETT - F&O Settlements
What is SETT There are many ITAS modes for settling futures/options trades. SETT is a very explicit method where filter selections of instrument, prompt month, account, trade dates, assignment broker etc allow the user to ...
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SBUST - Settlement Reversals
What is The purpose of SBUST is to completely reverse a single settlement as previously actioned by either SETT, BSETT, ASETT, LMEAUTO or OFFBOARD. The result will be an accounting document reversal and the trades ...
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ASETT - Automatic Settlement by 'CLI' Static
What is To use ASETT, the relevant information will need to be setup in 'CLI' for each account that requires automatic settlement of their futures trades. The selections entered in ASETT are very simple, mainly ...
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BSETT - Broker Side Settlements
What is There are many ITAS modes for settling futures/options trades. BSETT is a very explicit method where filter selections of instrument, prompt month, account, trade dates, department etc allow the user to restrict the ...
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OFFBOARD - Off The Board
What is OFFBOARD The easiest method for settling trade positions is to wait until the instrument/prompt-month is expired, i.e. off the board, and bulk settle the square positions for all the accounts where the selection ...
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SAMEND - Settlement Amendent
What is SAMEND The purpose of SAMEND is to allow the amendment of settled trade PRICE without actioning a full bust. There is also a variation of TERM (which Hivedome can setup) that will allow ...
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OTCARCH - Off the Board Archive for OTC
What is OTCARCH This process will remove the Internal Trades, for instruments that have been setup as OCT/Internal style, from the Open position to the settled/archive database. The user supplies cutoff period and all trades ...
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TINVOICE - F&O Notes (CFI)
TINVOICE - F&O Notes (CFI) What is TINVOICE There are different options available 1. OTC/InterCompany Notes: When running CFI Settlement style the P&L for intercompany trades will be posted to the intercompany suspense account; this ...
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FBINV - Floor Broker Invoice
What is FBINV The 2 features are creating an accounting document and reversal/bust thereof. When a company is operating separate Clearing and Floor commissions (ctrl20_sepflrbrkcomsn), FBINV is used to create the accounting entries for the ...
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BBS - Buyback Settlement/Statements
What is BBS provides the facility to 'settle' Futures deals that are assigned to a TRADE pricing. There are 2 primary modes of operation; do not settle the House trades and produce a PI/SI accounting ...
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LMEAUTO - Auto Settlement for LME trades
What is This process can also be actioned as a part of the standard ITAS overnight procedures, see Note A. The essential elements of the LME auto settlement are TCCM maintenance of 'Exchange = LME' ...