Deutsche Bank Interest Claims

DB currently process Equities, Prime Brokerage, Value date mismatch, GedNY, NY Swaps nd Fixed Income data in Merit and the system went live in 2010. 

Main IT contacts : [e-mail] (PROD), [e-mail] (UAT)

IT manager : [e-mail] (Mary)

Cognizant Sales : MArtin Loxley

Web or Desktop	Desktop
I.E or Chrome	N/A
User roles	N
AD groups	N
Home screen	N
Dividends	N
Coupons	N
Claim generation	Y
AutoSend	N
Invoice creation	N
Intercompany Match	N
Equilend Match	N
Payment + Settlement	Y (currently not in use)
Posting	N
Auto-Payment	N
Auto-Settlement	N
Client SSI maintained in Merit	Y
Split claims	N
Dashboard reports	Y
Interest Rate via CCY	Y
Interest Rate via Nostro	Y

Currently there are six separate import services to upload data into the system. System processed both fails and settled claims. a) Fails - These claims will have no Actual sett date on the file and will be uploaded to the system on a daily basis as fails (user can't see these claims, they will sit on claim table). Once the claim is settled in upstream, record will disappear on the source file and it will be marked as settled in Merit and claim will be then move to Approvals tab for processing. Equity claims is received as fails and uploaded by YPET service

b) Settled claims - These claims are already settled in upstream and each record will have  Act sett date, they will directly go to Approvals tab for processing.

As all the receivable potential items goes to the Approvals tab first, you won't see newly imported  receivable claims on Claims tab. You need to fill in the required fields for the claim and verify it on the Approvals tab then another user with approval privileges will have to approve it, item will then move to the Claims tab.

All payable claims will go the Closed tab when they are imported (all the potential payables are closed under 'Closed - Discarded Dormant' as they are imported - this is because DB wanted to close all he payables and reopen them ones the counterparty claimed). In order to process payable claims, user will have to re-open them via closed tab, claim will then move to approvals tab and update them same as receivable claims on Approval tab. 

Closing a claim also have 4 eye check. User sets up the claim to be closed (i.e. selects the right status) and verifies to become the Maker.

Payment +settlement is enabled but they have stopped using it.

Apart from Payment and settlement, user can generate a MT299 messages. This is a free format message that can be generated. Ones it is generated claim is not closed and MT299 message is generated.

Outstanding Nostros tab is not in use.

Apart from the normal users , there are two other types of other users on the system.

    a. Business approvers - They can only approve payable claims for the payment (some payable claims may need to be approved before they can be paid). They can't work on the claims (they can only view the claims on the edit dialog.

    b. Business validators - As well as approving payable claims for the payment, they can work on the claims (i.e. amend the records) but they can't sent out communications.