Contents Introduction Products Features APACK Product List Operations Reports and Advices Islamic Money Market The Murabaha Money Market module of Oracle FLEXCUBE supports the processing of Borrowing and placement transactions ID: 720522
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Accelerator Pack 12.4
Islamic Money MarketSlide3
Contents
Introduction
Products Features
APACK Product List
Operations
Reports and AdvicesSlide4
Islamic Money Market
The Murabaha Money Market module of Oracle FLEXCUBE supports the processing of Borrowing and placement transactions.
The Murabaha Money Market is a market purely for short-term funds or financial assets called near money.A Money Market Murabahah Transaction is a lending or a borrow contract for an underlying commodity.
The main objective of the Murabaha Money Market is to provide a parking place to employ short-term surplus funds and to provide a room for overcoming short-term deficits.
IntroductionSlide5
Products FeaturesSlide6
Islamic Money Market- Product Features
The Oracle Flexcube supports the following Three types of Payment methods in Islamic Money Market :
Bearing Payment Method
Discounted Payment Method
True Discounted Payment Method
Product FeaturesSlide7
Product Features
The Profit amount liquidation as per the Profit liquidation frequency.
The Profit calculation based on the principal amount , profit rate and other profit preferences.
Rollover is allowed with all the amount type Principal, Principal + Profit and Principal + (Profit– Tax).
Bearing Payment MethodSlide8
Product Features
The Profit amount will get liquidated upfront. Either the whole amount gets liquidated while booking the contract or on the schedule start date as per the profit frequency.
The Profit calculation based on the principal amount , profit rate and other profit preferences.
Rollover is allowed with all the amount type Principal, Principal + Profit and Principal + (Profit– Tax).
Discounted Payment MethodSlide9
Product Features
The Profit amount will get liquidated upfront considering the present worth of the contract by reducing the upfront paid Profit.
Profit amount gets liquidated for the whole amount while booking the Contract or on the schedule start date as per the Profit frequency.
The Profit calculation based on the principal amount , profit rate and other profit preferences.
Rollover is allowed with all the amount type Principal, Principal + Profit and Principal + (Profit – Tax).
True Discounted Payment MethodSlide10
APACK Product ListSlide11
APACK - Products
MCB3 – Money Market Borrowing product
MCB5 – Money Market Borrowing productMCP3 – Money Market Placement product
MCP5 – Money Market Placement productSlide12
OperationsSlide13
Operations
Booking of Contracts
Commodity racking
Auto liquidation
Manual liquidation
Rollover
Functional / Operations featuresSlide14
VAMI - Value Dated Amendment
Reversal of Payment
Rate Revision for the contract
VAMI
Contract Reversal
Generation of Advices and Messages
Functional / Operations featuresSlide15
Reports and AdvicesSlide16
Reports
Islamic MM Broker Confirmation Pending Journal
Event Details Report
Islamic Money market Forward Contracts Report
Maturity ReportSlide17
Reports
Overdue Schedules Report
Rate Revision Report
Accrual Control Report
Islamic Money Market Counterparty Confirmation Pending JournalSlide18
Reports
Contract Retrieval Report
Islamic Money Market Profit calculation Report
Islamic Money Market Forward Changes report
Islamic Money Market Brokerage Details ReportSlide19
Advices
MM_DEAL_SLIP
– Deal SlipPAYMENT_MESSAGE – Payment messageMMCONPLA
– MM Placement confirmation
MM_CONT_ADV
– Contract AdviceSlide20
Advices
MMAMDADV – Amendment Advice
MM_ROLL_ADV – Rollover AdviceMMCONDEP – MM Borrowing Confirmation
MMBRKCON
– Broker ConfirmationSlide21Slide22