IMOS On-Prem - Trade Settlement Invoices

After confirming trades and settling them, you can create invoices on the Create Invoices list. The Settlement rates will be sourced from the default Settlement Markets.

To create a Trade Settlement invoice for one or more trades in the past, from the same Trade Book, follow these steps:

1. On the Create Invoices list, select Invoice Type Trade Settlement Invoices.
2. In the row for each trade, select the check box.
3. Click the Create settlement(s) link.
   
4. On the Trade Settlement form, enter a Settlement Date, Due Date, and any other relevant information.
5. Click . An invoice is generated, which can be approved, posted, or rejected.
   • If the trade was done through an exchange, the settlement will be a Journal Entry instead of a payable or receivable invoice.

Forward Invoices

If you have two trades for the same period with the same details, you can create a Settlement invoice prior to the maturation of the period.

• On the Create Invoices list, select the same period from the two trades and click the Create Settlement link.

Settling Combined Buy and Sell Positions

For trades in the current or a future month, you can combine multiple buy and sell positions with the same Counterparty or Trade Book by selecting their check boxes in the first column and clicking the Create settlement(s) link at the top of the list. On the Trade Settlement form, yellow lines indicate that the trade is in the future. The number of Buy days must equal the number of Sell days to be able to save; you can edit the Days/Qty column so that they do. A net Invoice Total is calculated.

Trade Commission Settlement and Invoice

To create a Trade Commission Invoice for one or more trades for the same Broker, follow these steps:

1. On the Create Invoices List, select Invoice Type Trade Commission Invoices.
2. In the row for the trade, select the check box.
3. Click the Create settlement(s) link.
   
4. On the Trade Commission Settlement form, enter a Settlement Date, Due Date, and any other relevant information.
5. Click . An invoice is generated, which can be approved, posted, or rejected.