1. Brokerage User Guide
  2. Broker Association
  3. Associate a Broker and Product with a Rule

2.4.1 Associate a Broker and Product with a Rule

This topic provides systematic instructions to associate a broker and product with a rule.

Brokerage association enables you to link a product, a rule, a currency or a currency pair (in the case of foreign exchange products) and a broker.

Further, you can make a Brokerage Rule applicable for a broker, product and currency combination.

For a Foreign Exchange deal, you can make the brokerage applicable only when the contract involves a specific currency pair.

Specify User ID and Password, and login to Homepage.
  1. On the Homepage, type 'BRDTFASM’ in the text box, and click the next arrow.
    The ‘Trade Finance - Brokerage Association Maintenance’ screen is displayed.
    Description of brdassoc__cvs_main.jpg follows
    Description of the illustration brdassoc__cvs_main.jpg

  2. On ‘Trade Finance - Brokerage Association Maintenance’ screen, specify the fields.
    For more information on fields, refer to Table 2-4:

    Table 2-4 Trade Finance - Brokerage Association Maintenance - Field Description

    Field Description
    Features of the screen

    You have to give the following inputs in the Broker Association screen to define an association:
    Broker or (Broker ID) Enter the broker code, or select a Broker Code from the option list by clicking on the option list available
    Product Code Select a Product Code from the option list
    Currency If the rule you are defining is for MM contracts in a specific currency, enter the S.W.I.F.T. Code of the currency in this field. If the rule being defined is for Foreign Exchange contracts, you can make it applicable for contracts involving a specific currency pair by entering the pair at Currency1 and Currency2. SWIFT code here means the ISO code for currency as specified in SWIFT standards.

    The attributes of the brokerage rule will be associated with contracts defined in this combination
    Rule Select a Rule from the option list. This rule associates with the Broker + Product and currency or currency pair combination.
    Capitalize Select this check box to capitalize.

    Note:

    While processing security deals you can choose to add the brokerage computed at the deal level to the cost of the asset, instead of being expensed while processing the SE deal.

Parent topic: Broker Association