2. Accelerator Pack 12.3
Islamic Money Market

3. Contents Introduction Products Features APACK Product List Operations
Reports and Advices

4. Islamic Money Market Introduction
The 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 Features
The 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 product
MCP3 – Money Market Placement product
MCP5 – Money Market Placement product

12. Operations

13. Operations Functional / Operations features Booking of Contracts
Commodity racking
Auto liquidation
Manual liquidation
Rollover

14. VAMI - Value Dated Amendment
Functional / 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 Journal
Event Details Report
Islamic Money market Forward Contracts Report
Maturity Report

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

18. Reports Contract Retrieval Report
Islamic 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 message
MMCONPLA – MM Placement confirmation
MM_CONT_ADV – Contract Advice

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