Allocations

If a user has selected to Allocate an item of cash they are taken to the 'Receivable Allocate' screen to select individual items for allocation.

On this screen the user will be presented with all receivables for the broker company. The items are grouped per bound transaction, per settlement due date. At group level the user is shown the amount outstanding and how many items are in the receivable group. To view the details within a group the user must select the 'View Transactions' item on the row:

To select an item for allocation at group level a user can:

• Select the check box on the left of the screen to select an item for full allocation

• Enter a value less than the amount due in the 'Amount Allocated' box for a partial allocation

  • Note that this action will auto pro-rate the partial allocation in the individual transactions in the group

• If the user is allocating an item in the same currency as the settlement, the rate of exchange is locked to 1. If the user is allocating in a different currency, they must enter either the Amount Allocated and ROE (to calculate the Settlement Value), or the Amount Allocated and Settlement Value (to calculate the ROE)

Within 'View Transactions' a user has the same capabilities on a per-row basis. The user can also select individual items within a group to allocate, whilst leaving other group items unallocated, where required.

Once the user has made all appropriate selections they must click 'Allocate selected' to carry out the allocation. The system will carry out several items of validation to ensure the allocation is valid.