The following parameter files are used to process Money Market (MM) deals:

LMM.INSTALL.CONDS

This is the main parameter table that is common to both MM and Loans and Deposits (L&D) modules. Some of the fields in this application apply only to the contracts inputted using L&D module. A sample record of LMM.INSTALL.CONDS is as follows:

The application consists of group conditions, such as days before the status change, days before reports, accounting conditions, category codes, interest accrual cycles, tolerance.

LMM.ADVICES

This table specifies by product type, the activities for which confirmations or advice are produced when an event occurs on a particular type of contract. An illustration of LMM.ADVICES record is as follows:

LMM.TEXT

This is a table of advice texts, which is printed on the confirmations when settlement information (in respect of a counterparty to a contract) is not known. The proceeds are posted to an internal suspense account when the settlement instructions of the counterparty are not available.

LMM.ACTIVITY

The LMM.ACTIVITY is a list of advice related activities. The list is shared between both MM and L&D modules. Each activity is assigned a numeric code, and this table allows the input of a meaningful description, which is used in conjunction with the LMM.ADVICES table to decide whether to send advice or confirmation for a particular activity on its occurrence. An illustration of LMM.ACTIVITY record is as follows:

MESSAGE.CONTROL

This table has the necessary conditions (such as a carrier of the message, priority of the message) for passing through to the delivery system, whenever an application requests the delivery of advice or confirmation on payment. An illustration of MESSAGE.CONTROL record is as follows:

LMM.ACTION.CODES

This table has a list of codes to provide enrichment text to system actions for display on LMM.HISTORY.LIST. These codes are hard-coded within the system and are mandatory. Hence, a list is supplied at the installation with British text.

FT.CHARGE.TYPE

This table defines the conditions relating to various types of standard flat charges. These charges can be in both local and foreign currency but explicitly mentioned on the records. A charge amount can also be amortised over a period of the contract life or user-defined period in the FT.CHARGE.TYPE. An illustration of FT.CHARGE.TYPE record is as follows:

FT.COMMISSION.TYPE

This table defines the conditions related to all kinds of commission used on contracts, which can be in local or foreign currency (if specifically mentioned). The commission type allows the user to define the calculation method, such as flat, band and level, as opposed to an only flat method in FT.CHARGE.TYPE. An illustration of FT.COMMISSION.TYPE record is as follows: