Payer Amend

Summary:

With the 269 release (PROD: 15 Jul 2024) several improvements/enhancements were made to provide participants with extra functionality pertaining to Payer Amend to enable Receivers to amend Payers within the application.

Receivables Upload template:

• Payer Participant Code is now available as an editable column for Receivers
  • We also allow Receivers to amend the Executing Participant Code {see first bullet point from Additional Considerations}

• Changes updates to this field need to made in conjunction with the Amend action in the first column
• Participants can only update this field for trades where they are Source Participant (regardless of SubAssetClass) or for SubAssetClass = BLOCKS / USLO activity
  • Amending the Payer Participant on an ETD trade will fail the validation & the Payer participant will not be updated - an error message will be present in notifications
  • Trades must be in Receiver review

Payables Upload template:

• Users now have the ability to amend the Clearing Participant Code when the trade is NOT review complete
  • As above the Payer will not change when this action is taken

UI Actions:

• Participant Amend section added in Actions panel
• Receivers can amend the Executing Participant, Receiver Participant & Payer Participant from this panel
  • Same considerations as above apply

• Payers can amend the Clearing Participant & Payer Participant
  • Same considerations as above apply

Translation rules:

• FIAT users are now able upload translation rules with target fields of Receiver Participant or Payer Participant
• If an FIAT user selects one of the aforementioned target fields then the EB/CB fields will remain as they are today
• Existing rules will be unaffected and by default continue to update the EB/Receiver or CB/Payer unless the target field is updated