Fees, Haircuts, and Sales Margins
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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.