1. Secondary Loan Trading
  2. Annexure – Accounting Entries
  3. Introduction
  4. LOR Accounting Entries

7.1.8 LOR Accounting Entries

Participant case (Sell type Deal type Assignment)

  • During trade settlement the system populates LOR adjustment data in the funding memo.
  • If you select the Settled Interest check box, the buyer pays the seller on the Settlement Date an amount equal to interest or fees accrued to the Settlement Date.
  • During trade settlement the system posts the accounting entries during TSTL event.
Accounting Role Amount Tags Dr/Cr. Indicator Description
CUSTOMER LOR_INTADJ- BUY Cr These entries relate to Buy trade for an Participant case with Deal type as Assignment.
LOR_INTADJ LOR_INTADJ- BUY Dr
CUSTOMER LOR_INTADJ-SELL Dr These entries relate to Sell trade for an Participant case with Deal type as Assignment.
LOR_INTADJ LOR_INTADJ-SELL Cr

Participant case (Buy type Deal type Assignment)

  • During trade settlement the system does not populate the LOR adjustment data in the funding memo.
  • You can input manually any amount in interest and fee fields as part of manual LOR Adjustment.
  • During trade settlement the system posts the accounting entries during TSTL event.
Accounting Role Amount Tags Dr/Cr. Indicator Description
CUSTOMER LOR_INTADJ- BUY Cr These entries relate to Buy trade for an Participant case with Deal type as Assignment.
LOR_INTADJ LOR_INTADJ- BUY Dr
CUSTOMER LOR_INTADJ-SELL Dr These entries relate to Sell trade for an Participant case with Deal type as Assignment.
LOR_INTADJ LOR_INTADJ-SELL Cr

Parent topic: Introduction