TCCM, defines the Futures Market(s) and OTC being used by the PMs.

OTHFXR, enables maintenance of Day Exchange Rates to be used by FX Accumulator take-up processes

PRICEMEC, the main set of processes for administration of Futures & Options and FX pricing instruments

TERM, execution/liquidation of non-FX instruments e.g. Future Accumulator, Swaps

TRS, execution/liquidation of FX Accumulators

TRADE Arbitrage. This is a very explicit process, CMP/Privilege ARBITSWITCH, for the purpose of establishing 'Arbitrage Premiums'. The reason for the process is that an Origin Purchase e.g. Australia Raw Sugar has been allocated to a Sale and thereby had established a TRADE P&L. A Trading decision is subsequently made to switch the Sale with a different Purchase and allocate the Origin Purchase to a different Sale. The TRADE/ Group function 'Arbitrage Switch' is used to administrate that decision and ITAS needs to maintain all the elements involved.

The process is

a) select the Origin Purchase and the replacement Purchase TRADE

b) enter the tonnage being switched
c) enter the new Sale TRADE reference, with standard allocation rule checking

d) the process allocates the new Sale with Origin Purchase, in full or part tonnage. The original Sale tonnage (that has been switched) becomes a short position. The Arbitrage status is secured on all the relevant TRADE records including the specialist xx_physarbit table.

The result of this switch is used in the PRICEMEC/status view/report.

There is a TRADE/ Group function 'Remove Arbitrage Switch'

TRADE tonnage that is a part of a 'Switch' can not be TRADE merged, deleted, deallocated. The 'Remove' process would need to actioned before any of those processes