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To address issues with matching on SettlementAmount, use the optional subscription SAL2, which controls whether the CTM platform applies L2 on the SettlementAmount field at the allocation/confirmation (TradeDetail).

The following two scenarios outline business cases when conditional matching rules apply.

 

Scenario 1

You do not provide a SettlementAmount value and the broker/dealer provides a SettlementAmount where the SettlementCurrency is the same as the TradeCurrency value. 

If you use the SAL2 subscription, then the SettlementAmount field will not be used for matching (NUFM)

Scenario 1 Example

Field  IM Value B/D Value Without SAL2 With SAL2
NetCashAmount 100 AUD 100 AUD MACH Not applicable
SettlementAmount blank 100 AUD MISM NUFM

 

Scenario 2

You do not provide a SettlementAmount value and the broker/dealer provides 0 as the SettlementAmount.

If you use the SAL2 subscription, conditional matching is applied to SettlementAmount matching (NUFM).

Scenario 2 Example

Field  IM Value B/D Value Without SAL2 With SAL2
NetCashAmount 100 AUD 100 AUD MACH Not applicable
SettlementAmount blank 0 AUD MISM NUFM

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