5.1.4.4 Other Fee related changes
- You are not allowed to edit the amendment fee amount and rate from the trade Input screen (‘Draft Trade’ screen). However, you can waive amendment fee at the component level even if amendment fee exists for the contract. In such cases, system does not allow to settle amendment fee.
- Amendment is allowed for the remaining fee components from the Draft Trade screen.
- For CUSIP swing, if a new trade is booked with a new CUSIP and there is no maintenance for the new CUSIP in Amendment Fee Input screen then amendment fee is not applied on the new trade. This should be manually done.
- During CUSIP amendment, system reverses the existing trade and book a trade with a new CUSIP. Amendment fee is not applied on the new trade if maintenance is not available for the new CUSIP in Amendment Fee Input screen.
- Currently there are multiple fields to filter the population of trade reference
number in Amendment Fee Input screen (branch, position
identifier, expense code, so on); if these fields are used for query during
Amendment Fee Input screen then amendment fee is
calculated for the new/re-booked trades only if all the conditions are
met.
Example: Amendment fee maintenance exist in the Amendment Fee Input screen for the below combination.
- Branch - 001
- CUSIP - CUSIP1
- Portfolio - 060083
- Trade reversal does not remove the trade record(s) from Amendment Fee Input screen.
- Funding memo regeneration is required when amendment fee is waived or unwaived in the Amendment Fee Input screen after capturing future dated ticket or trade settlement. Funding memo status is changed to Regenerate FMEM in the trade settlement screen during authorization of amendment fee input in such cases.
Parent topic: Specifying Amendment Fee Details