Treasury Correspondence Framework

[Former Member]

Hi,

We are using SAP Treasury Correspondence Framework and I am implementing it for the first time.

I see a transaction under Securities - Back Office - Correspondence - Master Data- FTR_SI_DERIVE - Derivation of Settlement Instructions

Can anyone tell me what is the purpose of this t-code and how will it work?

Thanks

Kalyan

[Former Member · Accepted solution]

Hi

Here you can define different security custodians depending on the hierarchie you use. You can have several security accounts and therefore several different deliveries. Here you can set them up.

Regards

Juerg

[Former Member · Accepted solution]

Hi Juerg,

Thanks for your response. I actually to want different settlement instructions for each Business Partners. For example I have a Business Partner - BNP Paribas. My custodian is JPM Chase. When I buy any securities from BNP Paribas, I have to instruct JPM Chase to make payment and collect the securities from BNP. But the payment has to be sent to different accounts of BNP depending upon where (which clearing house) they deliver the securities. For example if they deliver at Euroclear, I have to send the Euroclear account number to JPM Chase so that they can pay accordingly. If they deliver through DTC, then I have to send DTC account number of BNP to JPM Chase, so that they can pay accordingly.

I thought this t-code was provided to store that information.... But I might be wrong. Please clarify,

Kalyan

[Former Member · Accepted solution]

Please read  'I actually to want different settlement instructions....' as 

"I actually to want to store different settlement instructions......" in the first paragraph above.

[Former Member · Accepted solution]

Please note that in the above example of BNP Paribas and JPM, the transaction or trade  am entering with BNP as the Business partner and the SI Payment details has 'without payment request' checked because we are not making the payment to the BNP directly.

We have to generate a MT541 which goes to my custodian JPM Chase and in that we give payment instruction to JPM. Based on this MT541 JPM Chase will debit our bank account with them and send/transfer the money to BNP. So when I generate MT541, I have to include the correct Bank account of BNP (Euroclear or DTC). I thought I can store this information using this t-code FTR_SI_DERIVE and tthis information will get populated in the MT541. Please confirm.

Kalyan