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: 802541
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Slide1
Slide2Accelerator Pack 12.1
Islamic Money Market
Slide3Contents
Introduction
Products Features
APACK Product List
Operations
Reports and Advices
Slide4Islamic 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.
Introduction
Slide5Products Features
Slide6Islamic 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 Features
Slide7Product 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 Method
Slide8Product 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 Method
Slide9Product 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 Method
Slide10APACK Product List
Slide11APACK - Products
MCB3 – Money Market Borrowing product
MCB5 – Money Market Borrowing product
MCP3 – Money Market Placement product
MCP5 – Money Market Placement product
Slide12Operations
Slide13Operations
Booking of Contracts
Commodity racking
Auto liquidation
Manual liquidation
Rollover
Functional / Operations features
Slide14VAMI - Value Dated Amendment
Reversal of Payment
Rate Revision for the contract
VAMI
Contract Reversal
Generation of Advices and Messages
Functional / Operations features
Slide15Reports and Advices
Slide16Reports
Islamic MM Broker Confirmation Pending Journal
Event Details Report
Islamic Money market Forward Contracts Report
Maturity Report
Slide17Reports
Overdue Schedules Report
Rate Revision Report
Accrual Control Report
Islamic Money Market Counterparty Confirmation Pending Journal
Slide18Reports
Contract Retrieval Report
Islamic Money Market Profit calculation Report
Islamic Money Market Forward Changes report
Islamic Money Market Brokerage Details Report
Slide19Advices
MM_DEAL_SLIP
– Deal SlipPAYMENT_MESSAGE – Payment messageMMCONPLA
– MM Placement confirmation
MM_CONT_ADV
– Contract Advice
Slide20Advices
MMAMDADV
– Amendment AdviceMM_ROLL_ADV – Rollover AdviceMMCONDEP – MM Borrowing Confirmation
MMBRKCON
– Broker Confirmation
Slide21Slide22