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Cash Adjustment – Executing Perspective

After performing your search, executing firms will be able to perform the following actions on their respective result set:

Add Cash Adjustments

Executing firms may add cash adjustments.

  • To add a cash adjustment:
  1. Select Payment Review.
  2. Select Cash Adjustments.
  3. Select Add.

Enter the details of the cash adjustment.

  • Executing Firm - See Payment Search Criteria.
  • Carrying Firm - See Payment Search Criteria.
  • Description - The explanation for the cash adjustment.
  • Adjustment Month - See Cash Adjustment Search Criteria.
  • Carry Account - See Cash Adjustment Search Criteria.
  • Currency– For all third party agreements, any currency is valid. For a US non-third party agreement, only USD is valid. For a European non-third party agreement, USD, EUR and GBP are valid.
  • Debit/Credit – If "Debit" is selected, the dollar amount displays a negative value. If "Credit" is selected, the dollar amount displays a positive value. The cash adjustment works from the executing firm perspective. A positive dollar amount will increase the cash flow from the carrying firm to the executing firm. A negative dollar amount will decrease the cash flow to the executing firm by giving the carrying firm an increase (credit amount).
  • Adjusted Amount – Dollar figure representation of the cash adjustment.
  1. Select Submit.

The cash adjustment will be added to the database. 

Delete Cash Adjustments

  • To delete a cash adjustment:
  1. Search for cash adjustments.
  2. Select Delete Adjustment from the drop-down.

  1. Select the cash adjustment.

A pop-up message displays.

  1. Select OK.

The cash adjustment is immediately deleted and the page refreshes.

Edit Cash Adjustments

  • To edit a cash adjustment:
  1. Search for cash adjustments.
  2. Select Edit Adjustment in the drop-down.

  1. Select the cash adjustment.
  2. Edit the necessary fields:
  • Debit/Credit
  • Debit - The dollar amount displays a negative value.
  • Credit - The dollar amount displays a positive value.
  • Adjusted Amount - The value of the cash adjustment (in USD only).
  • Description- The reason the cash adjustment was necessary.
  1. Select Submit.

The cash adjustment is immediately updated.

View Accounts

Executing firms can view accounts to see how the account was defined within the underlying agreement.

  • To view accounts:
  1. Search for cash adjustments.
  2. Select View Account in the drop-down.

  1. Select the account.

You will be redirected to the rate set on the Agreement Maintenance page.

  1. To return to the cash adjustment page:
    1. Select Payment Review.
    2. Select Cash Adjustment.

View Messages and Notes

Executing firms can view messages and notes to see why a cash adjustment was rejected by the carrying firm.

  1. Search for cash adjustments.
  2. Select View Messages.
  3. Select the cash adjustment.

You can preview the message left by the carrying firm.

Note: The message contains who the payment was rejected by, the rejection message, and the day that it was rejected.

Note: The executing firm has to wait until the carrying firm re-accepts the transaction. The executing firm can leave notes indicating that they have addressed the issue with that particular transaction.

  1. To leave a note:
    1. Enter text in the Note: text box.
    2. Select Update.

View Payments

Executing firms can view payments to see how the cash adjustment was applied against the respective payment:

  • To view a payment:
  1. Select View Payments.
  2. Select the cash adjustment.

You will be redirected to the rate set on the Payment page.

  1. To return to the cash adjustment details:
    1. Select Payment Review.
    2. Select Cash Adjustment.

 


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