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How will the member banks reconcile their rejected deals?

April 26, 2017Banks Deals reconcile

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How will the member banks reconcile their rejected deals?

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Banks can reconcile their deals with reference to the deal status report for two values dates on any given day. Since the cut-off batch for spot and forward deals remains S-1 day, all unmatched spot and Forward deals on S-1 day will be rejected after the cut-off batch. Banks will have details of such deals in the Deal Status report generated in the cut-off batch. Hence, Spot and Forward deals rejected on S-1 day and Cash and Tom on S day have to be settled outside CCIL, along with the rejected Spot and Forward deals which was carried to the Settlement day on account of exposure violation.