1

2 Accelerator Pack 12.1 Islamic Money Market

3 Contents Introduction Products Features APACK Product List OperationsReports and Advices

4 Islamic Money Market IntroductionThe 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.

5 Products Features

6 Islamic Money Market- Product FeaturesThe Oracle Flexcube supports the following Three types of Payment methods in Islamic Money Market : Bearing Payment Method Discounted Payment Method True Discounted Payment Method

7 Product Features Bearing Payment Method 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).

8 Product Features Discounted Payment Method 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).

9 Product Features True Discounted Payment Method 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).

10 APACK Product List

11 APACK - Products MCB3 – Money Market Borrowing productMCP3 – Money Market Placement product MCP5 – Money Market Placement product

12 Operations

13 Operations Functional / Operations features Booking of ContractsCommodity racking Auto liquidation Manual liquidation Rollover

14 VAMI - Value Dated AmendmentFunctional / Operations features Reversal of Payment Rate Revision for the contract VAMI Contract Reversal Generation of Advices and Messages

15 Reports and Advices

16 Reports Islamic MM Broker Confirmation Pending JournalEvent Details Report Islamic Money market Forward Contracts Report Maturity Report

17 Reports Overdue Schedules Report Rate Revision ReportAccrual Control Report Islamic Money Market Counterparty Confirmation Pending Journal

18 Reports Contract Retrieval ReportIslamic Money Market Profit calculation Report Islamic Money Market Forward Changes report Islamic Money Market Brokerage Details Report

19 Advices MM_DEAL_SLIP – Deal Slip PAYMENT_MESSAGE – Payment messageMMCONPLA – MM Placement confirmation MM_CONT_ADV – Contract Advice

20 Advices MMAMDADV – Amendment Advice MM_ROLL_ADV – Rollover AdviceMMCONDEP – MM Borrowing Confirmation MMBRKCON – Broker Confirmation

21

22