1. User Guide
  2. Structure Maintenance
  3. Structure Closure

6.4 Structure Closure

This topic describes the systematic instructions to close the account structures.

Sweep Structure
  1. Sweep will not get executed after the Sweep structures are closed.
Pool Structure
  1. On structure closure authorization, system will immediately liquidate and allocate the interest to all the accounts in the structure.
  2. System will disable the ‘IC required’ flag from ‘Yes’ to ‘No’ for the Notional Header and will stop doing further interest accruals for the structure.
  3. During the reopening of the structure, user should update the relevant account groups to the Notional header and system will resume interest accruals for the structure.
Hybrid Structure
  • Sweep
    1. Sweep will not get executed after the Sweep structures are closed.
  • Pool
    1. On structure closure authorization, system will immediately liquidate and allocate the interest to all the accounts in the structure.
    2. System will disable the ‘IC required’ flag from ‘Yes’ to ‘No’ for the Notional Header and will stop doing further interest accruals for the structure.
    3. During the reopening of the structure, user should update the relevant account groups to the Notional header and system will resume interest accruals for the structure.
Specify User ID and Password, and login to Home screen.
  1. On Home screen, click Liquidity Management. Under Liquidity Management, click Structure.
  2. Under Structure, click Account Structure.
    The Account Structure screen displays.

    Note:

    For more information on the screen, refer to the unresolvable-reference.html#GUID-C7B8309A-16F3-442C-8C28-E5C51F17CC65 section.
  3. Click Three dots on the Account Structure widget, click Close to close the account structure.
    Perform the anyone of the following actions in the popup screen:
    1. Click Proceed to close the account structure.
    2. Click View to view the structure summary.
  4. Click Proceed to close the account structure.
    The Close popup screen displays.

    Figure 6-46 Close popup


    Description of Figure 6-46 follows
    Description of "Figure 6-46 Close popup"

    1. Click Confirm to confirm the structure closure.
    2. Click Cancel to discard the structure closure.

Parent topic: Structure Maintenance