A.1.32.1 Trade Enquiry Transaction
Trade Enquiry monetary transaction is posted by external origination system to validate if an Account can be traded. This transaction provides details of total available Trade Equity of an Account for a Specific Validation Date. However, the Trade Amount computation is configurable using User Defined Parameters defined in Setup > Administration > User Defined Parameters screen.
Table A-53 To post Trade Enquiry transaction
| Transaction | Parameters |
|---|---|
| TRADE ENQUIRY | TXN DATE |
| TRADE ENQUIRY VALID UPTO DATE | |
| TRADE ENQUIRY LTR PRINT | |
| COMMENT |
- If TRADE ENQUIRY VALID UPTO DATE is specified, then system calculates Accrued Interest on account till the date specified.
- If TRADE ENQUIRY LTR PRINT is selected as ‘YES’, then a Trade Enquiry Letter with specific format is generated. The value of parameters in the letter are fetched from variables defined in the configuration.
On posting this transaction, system displays the response based on configurable calculation parameter definition defined for Trade Equity (ACC_EQUITY_AMT) in User Defined Parameters screen. Only those definitions with valid selection criteria are consider for processing.
- A set of pre-defined details such as:
- ACCOUNT NUMBER
- MASTER ACCOUNT NUMBER (if associated)
- ACCOUNT CURRENCY
- System derived values from User Defined Parameters configuration > Formula Variables.
- System derived interest value if the definition contains Accrued Interest as Formula Variable which is calculated based on TRADE ENQUIRY VALID UPTO DATE as similar to payoff quote.
- System derived final composite Trade Equity value and displays based on the description provided for Target Parameter.
On successful posting the transaction, a comment is posted on the Account indicating ACCOUNT TRADE EQUITY PROVIDED TO FOR AMOUNT USD <AMOUNT> VALID UPTO <DATE>.
Parent topic: Trading of Accounts - Monetary Transactions