On Reversal Of Swap Deal The Attached Weighted Limit Utilization Is Not Getting Reversed (Doc ID 3055071.1)

Last updated on OCTOBER 24, 2024

Applies to:

Symptoms

ACTUAL BEHAVIOR
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On reversal of swap deal the attached weighted limit utilization is not getting reversed.

EXPECTED BEHAVIOR
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During reversal, all entries should get reversed and utilized amount should get reinstated.

STEPS
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1.Create a FX swap deal for Spot – Forward combination
Make sure that liability is available for the customer and verify the current Utilization amount for line code
2.Create the spot contract with value date as application date and Auto Liquidate flag not checked
3.Click on the Linked Deal Details button to got to the second leg
4.Create the forward contract with value date as Spot date + 1
Make sure that Limits Tracking Required and Track Weighted Risk flags are enabled and Weighted Risk Credit Line is selected
5.Verify the utilization amount in GEDFACLT screen
6. Reverse the swap deal and verify the utilization amount after contract reversal in GEDFACLT screen

Cause

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