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The prices of commodities maintained in Oracle FLEXCUBE keep fluctuating depending on their market rates. As a result, you need to revalue the price each commodity on a daily basis. Commodity Prices can be updated through the ‘Commodity Price Maintenance’ screen. You can invoke this screen by typing ‘EDDCORAT’ in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button.

In this screen, enter the following details:

Commodity

To indicate the revaluation price, you should first select the code of the commodity whose price is to be revalued. The option list includes all the commodities you have maintained in the system through the Commodity Definition screen. The Pricing Size and Pricing Unit (both of which you would have maintained through the Commodity Definition screen), are displayed based on the commodity selected.

Under ‘Price Detail’, you can specify the following details.

Price Code

Select the commodity price code from the option list. The option list includes all price codes that you have maintained through the Price Code Maintenance screen.

Currency

Indicate the currency in which the price of the commodity is to be revalued.

Market Price

Market Date

This is the date for which the market price is maintained.

9.5

Maintaining Instrument Price Details

Since prices of underlying assets/commodities linked to instruments keep fluctuating based on the market conditions the prices of instruments maintained in Oracle FLEXCUBE have to be revalued on a daily basis. You should capture the revalued prices for each instrument through the ‘Instrument Price Definition’ screen. You can invoke this screen by typing ‘EDDINRAT’ in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button.

As part of indicating the Instrument Price you have to capture the following details:

Instrument Identification

Select the instrument for which you are maintaining prices. You can specify the following details under ‘Series Details’.

Series ID

Select the ID of the Series to which the instrument is attached. The option list includes all Series Ids you have maintained through the Instrument Series screen.

Market Date

Indicate the date as of which you are maintaining the market price for the instrument.

Market Price

Specify the Market Price of the instrument. If you fail to update this price, during EOD, the system will pick up the previous day’s price for the purpose of revaluation.

You can capture details of broker accounts, which should associated with the Broker ID through the ‘Broker Master Maintenance’ screen. Only those accounts maintained in this screen will be impacted while processing margin settlement transactions involving the particular broker. You can invoke this screen by typing ‘BRDMAST’ in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button.

Based on the Broker ID you select, the system displays other details such as Name, Address, Street, City, and Country of the Broker from the CIF Maintenance screen.

The other details that you need to specify are:

Category

Select the customer category under which the broker is categorized. You have the following options:

 Broker

 Exchange

 Clearing Member

Booking

Select the method in which the brokerage amount is to be liquidated. The options available are:

 Arrears

The ‘Arrears’ option is not valid if you have selected the ‘Exchange Traded Derivatives’ check box.

Tax Paid

In this section, select the account, which is to be debited when tax is to be paid in the field ‘Account’. Also select the transaction code associated with the account in the field ‘Txn Code’.

Tax Payable

In this section, select the tax payable account in the field ‘Account’ and select the transaction code associated with the Tax Payable account in the field ‘Txn Code’.

Liquidation Transaction Code

Select the transaction code which is to be associated with brokerage liquidation.

Tax Scheme

Select the tax scheme which is to be associated with the Broker Account and Currency combination.

Payable Currency

Select the currency in which the brokerage amount is to be booked.

Applicable For – Exchange Traded Derivatives

Select this check box to indicate the broker, whose details you maintaining, can be used in the ETD module of Oracle FLEXCUBE.

If you check this box, the system will display an override stating the booking method will be ‘Advance’.

Under the ‘Broker Account’ table you can specify the following.

Account

Specify the account of the broker. The adjoining option list gives you a list of accounts. Choose the appropriate one. You cannot specify the same account number for another broker. Each broker should have account numbers unique to him.

It is mandatory for you to specify at least one account number for the broker.

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