TINVOICE - F&O Notes (CFI)
What is TINVOICE
There are different options available
1. OTC/InterCompany Notes:
When running CFI Settlement style the P&L for intercompany trades will be posted to the intercompany suspense account; this does not include commissions
A debit note or credit note needs to be raised so that the P&L is posted from the Intercompany suspense account to the Client .T account (e.g. USSTEEL.T)
Selections : Client /c e.g USSTEEL.T,
Instrument ( optional )
Prompt ( optional )
Future / Call / Put ( optional )
Option Series ( optional )
A grid showing all uninvoiced settled trades for the client will be presented for selection
The total P&L for the selected trades will be posted between the intercompany suspense a/c and the Client.T a/c
The futures trades will be updated with the document reference (fut02_icdocref).
A DOCDES form will be produced.
2. A Reversal
option for InterCompany Notes is available which will reverse the accounting document and remove the document reference from the futures trades.3. Margin Call Debit Notes
This is a process for production of accounting and DOCDES forms to enable efficient margining procedures.
Various selections :-
Client account, other account.
Click to default Margin call from IM and VM, adjust as required.
Enter Interest if applicable.
DOCDES template
The docdes form will be created. When this is confirmed the accounting document will be produced.
The accounting document is in effect a cash payment from/to the OTC counterparty or broker.
When the TCCM instrument is marked as OTC the postings will be between the client account and OTC Other a/c.
When the TCCM instrument is not marked as OTC the postings will be between the bank a/c and the Margin Deposit Account
If the client has both OTC and exchange trades one paper document will be produced and the accounting document will have one leg for OTC and one leg for Exchange Instruments.
If an override client account is used the associated client account will be populated so that the correct client balance can be reported in the equity / credit exposure report.
4. OTC Broker Commission Note
Simple process to pick a brokers commissions that have not been passed to book keeping. This process will create the accounting documents and mark F&O trades accordingly
5. Reversal of OTC Broker Commission Note
6. Introductory Broker Commission Note
Simple process to pick an Introductory Brokers commissions that have not been passed to book keeping. This process will create the accounting documents and mark F&O trades accordingly