Fees, Haircuts, and Sales Margins

 

Download PDF - Fees, Haircuts, and Sales Margins

 

Overview

The Calypso system allows computing various types of fees, haircuts, and sales margins:

Contract fees - Contract fees are associated with trades upon trade capture - They are also referred to as Trade fees - They can be manually entered, or automatically generated.

Contract fees require a fee type definition configured from the Calypso Navigator using Configuration > Fees, Haircuts, & Margin Calls > Fee Definition.

See Defining Fees for details.

See Defining Automatic Contract Fees for details on generating automatic fees.

See Capturing Fees for details on entering fees manually.

Invoice fees - Invoice fees can be generated on trades, transfers, messages and accounts on a periodic basis - They are also referred to as Billing fees.

See Defining Invoice Fees for details on generating invoice fees.

Withholding Tax fees - Withholding tax fees are automatically generated on interest cashflows.

See Defining Withholding Tax Fees for details.

Haircut fees - Haircut fees are computed based on haircut rules for Collateral management and repo-based trades.

See Defining Haircut Rules for details.

The actual haircut fee capture is described in Calypso Collateral Management documentation, and Calypso Security Finance documentation.

Sales Margins - Sales margins are associated with trades in the Pricing Sheet and the FX Deal Station, based on Sales Margins Configurations - They can also be set at trade capture.

See Defining Sales Margins for details.

 

Viewing Fees

Contract (trade) fees can be viewed in the Fee Report.

See Trade Fees Report for details.

Invoice (billing) fees can be viewed in the Billing Report.

See Billing Fees Report for details.

Contract fees and invoice fees can be viewed in the Consolidated Fee Report.

See Consolidated Fees Report for details.