Trading
Learning about linkages with core tables including tax, interest, charges and
commissions
Learning to set up parameter and static tables connected with the trading activity
of the module
Learning to input, execute and complete different types of securities order and
trade transactions/deals
Slide 2
Securities Trading & Administration – Participants & Connectivity
Securities Orders Shares & Bond Set-up on T24, Trading – Buy & Sell
Reports & Enquiries Extracting Reports from T24 for Reporting Purposes
Slide 3
Securities Administration & Trading - Product Overview
Order
Trade
Security
Position
Slide 4
Securities - Dependencies
Core dependencies
Delivery Messages, Accounting & Limits
Slide 5
Application Specific Parameters
Slide 6
Securities – Parameter Tables
Slide 7
SC.PARAMETER TABLE & DEPENDENCIES
Others
Valuation Currency
Related Related
SC.PARAMETER
TABLE & CORE
DEPENDENCIES
Corporate Action Settlement
Related Related
Segregated Closed
Income Account Portfolio
Slide 8
Core Dependencies - Currency Related
COUNTRY REGION
CURRENCY.PARAM
HOLIDAY
CURRENCY CURRENCY.MARKET
Holidays calendar will be checked for defaulting value date for Trade
Country or Region specific tax rates can be set up for calculation at
the time of the trade
Currency exchange rates used or trades involving two currencies and
valuation of portfolios. Default currency Market to be parameterized
Slide 9
Securities Dependencies - Charges Related
Slide 10
Securities Dependencies - Settlement Related
Security Id format
Format of the ID used for the Security is specified SECURITY.FORMAT
Field
Default format is ######-### which is Telekurs number format
Alternate index
ISIN/CEDEL.NO/EUROCLEAR.NO/SEDOL.NO/SWISS.NO/CUSIPNO can
be stored in the SECURITY.MASTER
Done through ALT.USER.INDEX Field
Used as an alternate to identify the security
ISIN made mandatory to enable Swift messaging
User defined index
Characteristics/format of Id created in ALT.SEC.PARAMETER and linked
Slide 12
SC.PARAMETER - Settlement Related
Following fields to be used for actual settlement i.e. if above set to YES
CUST.ACT.SUSP.CAT Field to define internal account category for
customer amount
BROK.ACT.SUCP.CAT Field to define internal account category for broker
amount
MISC.ACT.SUSP.CAT Field to define internal account category for other
charges/tax amount
Posting of suspense entries till the settlement
Internal accounts to be opened in the local currency
Slide 13
SC.PARAMETER - Settlement Related
Slide 14
SC.PARAMETER - Tax Related
Cantonal rounding
Rounding factor for the deal amount for tax calculation purpose
For ex: If cantonal rounding is 1000, then deal amount of
CHF1045 would be rounded to CHF2000
Rounded to higher unit
Slide 15
SC.PARAMETER - Valuation Related
Performance History
PERFORM.MONTHS Field to specify the number of months SAM holds
history
Maximum up to 99 months, default value is 13
Position holding
Choice of separate valuations of holdings, depository wise or combined
SEP.DEPOSITORY Field is set to YES or NO to allow whether different
depositories to be shown as such on portfolio valuations reports
Slide 16
SC.PARAMETER - Corporate Actions Related
Slide 17
SC.PARAMETER – Segregated Income Account
Slide 18
SC.PARAMETER - Closed Portfolio
Portfolio would be considered closed only if the closure date is less than the
system date and safekeeping and advisory fees have been posted (i.e.)
there are no dues in respect of these
If set to NO, then updating the performance related files and fields for the
closed portfolios will be stopped as under SC.VALUATION.EXTRACT from
the day after the closure Performance fields in SEC.ACC.MASTER from
the month after the closure
Slide 19
SC.STD.SEC.TRADE
Set-up of
Categories and transaction codes charges and commissions for brokers
and customers
Slide 20
SC.STD.SEC.TRADE
Calculation of charges
Commission on amount inclusive of interest or only Principal set up through
COMM.PRIN.INT Field
Slide 21
SC.STD.SEC.TRADE
Order transmission
TRANSMIT.ORDER Field used to create SC.EXE.SEC.ORDERS record on
authorising SEC.OPEN.ORDER or on transmitting
Slide 22
SC.STD.SEC.TRADE
Slide 23
ACCOUNT.PARAMETER
Working Balance
Available Balance
Slide 24
ACCOUNT.PARAMETER
Slide 25
OTHER PARAMETER TABLES
SC.TRANS.NAME
Allows to set up codes for all transactions.
ID for each of these transactions is a 1-3 alpha/numeric code
Ex: “BUY" for all security purchases & “DIN" for Dividend Received payments
TRANSACTION
Table that defines the accounting transaction codes.
Whether they debit or credit an account, narrative to be used for account
statements etc
SC.TRANS.TYPE
Describes valid combinations of SC.TRANS.NAME with accounting
TRANSACTION
SC.DEL.INSTR
SC.DEL.INSTR table is used to indicate type of settlement to be carried
out on any individual transaction.. It indicates whether securities are to be
received or delivered and if that delivery is free or against payment.
Slide 26
SC.DEL.INSTR
If free of payment (FOP) the security and cash movement are not linked
MT103 message sent to Nostro to make payment to broker
Slide 27
SECURITY MASTER
Slide 28
SECURITY.MASTER - OVERVIEW
SECURITY.MASTER
Defines Security on T24
ID can be of numeric characters only
Common file for all types of Securities
Specific fields are only valid for particular types of security (bonds, shares)
Many elements available to support world-wide securities requirements
T24 transactions obtains information related to the security traded
SECURITY.SUPP
Optional record
Additional information like YTM, Duration
System creates and updates details during COB
Can be amended by user
Slide 29
SECURITY.MASTER - Security Characteristics
Security Id format
Format of the ID used for the Security is specified in SECURITY.FORMAT
Field
Default format is ######-### which is Telekurs number format
Alternate index
ISIN/CEDEL.NO/EUROCLEAR.NO/SEDOL.NO/SWISS.NO/CUSIPNO can
be stored in the SECURITY.MASTER
Done through ALT.USER.INDEX Field
Used as an alternate to identify the security
ISIN made mandatory to enable Swift messaging
User defined index
Characteristics/format of Id created in ALT.SEC.PARAMETER and linked
Slide 30
SECURITY.MASTER - LINKS
PRICE. TYPE
STOCK.EXCHANGE
PRICE. UPDATE ASSET.TYPE
CUSTOMER.
SECURITY.MASTER
SECURITY SUB.ASSET.TYPE
COUPON.TAX.
CODE EB.RATING SC.INDUSTRY
Slide 31
STOCK.EXCHANGE
Settlement days
SETTLEMENT.DAYS Field indicates the number of days forward the value
date to be
Number of days to default the value date for a trade
Settlement basis
SETT.DAYS.BASIS Field Indicates whether the value date is to be
calculated on a business or calendar day basis
Fixed day settlement set up separately
Slide 32
STOCK.EXCHANGE
For bond and share separately for broker and customer dealing at this
Stock Exchange
BR.BOND.COMM Field defines the charges for a broker dealing in bonds
BR.SHR.COMM Field defines the charges for a broker dealing in shares
CU.BOND.COMM Field defines the charges for a customer dealing in
bonds
CU.SHR.COMM Field defines the charges for a customer dealing in shares
Generally set for the broker
Linked to a valid record in FT.COMMISSION.TYPE
Slide 33
STOCK.EXCHANGE - Settlement Periods
STOCK EXCHANGE-
TRANSACTION.TYPE - BUY/SELL
TRADE.CURRENCY
The above Fields are used to specify the settlement days in the exchange by
transaction type and by currency which will calculate the Settlement Date.
Slide 34
Settlement periods
Example:
SETTLEMENT.DAYS.1 - 2
TRANSACTION.TYPE1.1 -
TRADE CURRENCY 2.1 –
SETTLEMENT.DAYS.2 – 3
TRANSACTION.TYPE 1.2 – DEBIT
TRADE CURRENCY 2.2 –
Slide 35
Workshop - 1
Use Admin Menu > Private Administration > Securities > Static Data
and Parameters > Stock Exchanges > Stock Exchange Input
Slide 36
Workshop - 1 Solution
Slide 37
PRICE.TYPE
Slide 38
PRICE.TYPE
PRICE
Percentage can be Y or N. Cannot be a discount instrument
Slide 39
PRICE.TYPE
Discount Calculation
For Example, security with a face (maturity) value of USD100,000 bought
with 100 days remaining until maturity - dealt at a discount rate of 5% using
a 365-day calculation basis
Amount = Nominal *(1- Days remaining * Rate/year days)
Consideration amount under discount calculation is USD 98630.14
Yield Calculation
Security with a face (maturity) value of USD 100,000 bought at a yield of
5% with 100 days remaining until final maturity using a 365 days calculation
basis
Consideration amount = Nominal / 1+((Days remaining * Rate)/year days)
Consideration amount under yield calculation is USD 98648.65
Slide 40
PRICE.TYPE
Discounted Instruments
If DISC.INSTRUMENT Field is specified as YES, then daily
amortisation/accrual of discount for Own Book will take place is similar set
up exists in Portfolio
Cannot be used for PRICE
Percentage has to be Y
Slide 41
Quiz 2
Slide 42
Quiz 3
Slide 43
PRICE.UPDATE
Slide 44
ASSET.TYPE / SUB.ASSET.TYPE
ASSET.TYPE
GROUPS the securities product
Ex:- Shares
SUB.ASSET.TYPE
SUB.ASSET.TYPE record linked to ASSET.TYPE record
Ex:- Equity shares
Used in Securities
Control the definition of groups for accounting key formations
Control charging and fee structure
Set-up margin rates
Slide 45
Workshop - 2
Use Admin menu > Private Administration > Securities > Parameter files
> Other Parameters > Asset Type
Use Admin menu > Private Administration > Securities > Parameter files
> Other Parameters > Sub Asset Type
Create a sub asset type record using Ids from 321 onwards
Link it to asset type record 30
Slide 46
Workshop - 2 Solution
Slide 47
Other Tables - SC.INDUSTRY & EB.RATING
SC.INDUSTRY
Defines industry codes assigned to each Security Master
Enables reports to be produced for local authorities
Enables defining of asset allocation in portfolio modelling
EB.RATING
Determines the quality of the Company or of the issuer
Maintains ratings of the security and linked to SECURITY.MASTER
EB.RATING.AGENCY
Holds information of the agency like Standard and Poors, Moody's
SC.ISSUER
Issuers are created using SC.ISSUER application for the Issuers who are
not opened as "Customers" in T24. An Issuer is then linked to instruments
using the OV.ISSUER field in SECURITY.MASTER
Slide 48
SECURITY.MASTER - Mandatory Input
Slide 49
SECURITY.MASTER - Mandatory Input
Slide 50
SECURITY.MASTER
Bond rating
RATING Field defines the credit rating of the Security.
Must exist on the EB.RATING table
ISIN identifier
Validation is setup in SC.PARAMETER
12 digit with first 2 alphabets and a final check digit
Used in the swift messages generated for the order/trade
Slide 51
SECURITY.MASTER
Trading units
TRADING.UNITS Field specifies the smallest nominal traded
"1" to indicate that only whole numbers are allowable
"0" to indicate any amount of decimals up to and including 6
A setting of "0.001" means that the underlying security may be traded, for
example, 123.1 or 123.12 or 123.123 but not 123.1234
Slide 52
SECURITY.MASTER - Other Features
SC.PRICE.CHANGE
Historic price changes can also be done, which is used for back dated
recalculation if so opted for
Slide 53
SECURITY.MASTER - Other Features
Blocking of Security
BLOCKING.DATE Field defines the date from which all activity in this
security is to be prohibited
BLOCKING.NARR Field used to define a narrative to be displayed in the
override when a blocked security is used
Slide 54
SECURITY MASTER
SHARES SET-UP
Slide 55
Workshop - 3
Use User Menu > Private Operations > Securities > Back Office >
Security Master > Maintenance
Input a SECURITY.MASTER for a share using the following values-
Security currency as USD
Trading units as 100
Price type as UNIT
Price update code as Manual
Sub asset created in the previous workshop
Last price USD 99
Stock Exchange created in Workshop 1
Par Value as 1
Coupon Tax code as US
Default depository - choose an existing depository
Slide 56
Workshop - 3 Solution
1 1
2
Slide 57
SECURITY.MASTER - Bond
Day basis
INTEREST.DAY.BASIS Field defines calculation method for accrued
interest
Slide 58
SECURITY.MASTER – Interest Day Basis
Slide 59
SECURITY.MASTER - Bond
Slide 60
SECURITY.MASTER – Bonds – Other features
T24 can process floating rate bonds where the coupon rate is typically
linked to a benchmark rate such as the LIBOR
Specific rounding rules can be set-up for Bond interest
Slide 61
Security Master – Capturing Fund Attributes
Fund attributes are captured in the Security Master based on the below
classification. However, the additional information on the performances,
expenses and holdings can be fetched from the SECURITY.SUPP file
Classification :
Slide 62
SECURITY.SUPP
Slide 63
Workshop - 4
Use User Menu > Private Operations > Securities > Back Office >
Security Master > Bond Maintenance
Input a SECURITY.MASTER for a bond with the following conditions:
Domicile as US and Currency as USD
Sub asset type as an existing 101 , Industry 10
Price Type Bond, last Price USD 105
Include the existing Stock Exchange NYSE
Coupon Tax Code US
Rate of interest of 5% with quarterly interest payments and maturing in 5
years time from today
Interest basis as U
Choose one default depository
Slide 64
Workshop - 4 Solution
Slide 65
Quiz - 5
1) Name the different methods for identifying the Security Master record ?
Ans: Id of SECURITY.MASTER or MNEMONIC of the security or
ALTERNATE.INDEX or ALT.USER.INDEX
Slide 66
SECURITY.MASTER - RECAP
External feed
Price input Security
Manual
Slide 67
Quiz - Parameter and Security Master
3) Which Category code types are used for reporting and information purpose?
Ans: Asset.Type & Sub.Asset.Type
Slide 68
Creating Portfolios
Slide 69
Role of Customer in Securities Transaction
Own Book
Customer
Portfolio Customer
CUSTOMER.SECURITY
Slide 70
CUSTOMER.SECURITY
Slide 71
CUSTOMER.SECURITY
Slide 72
Workshop - 5
Use Role Based Home Pages > Private Operations > PWM Front
Office > PWM Front Office Operations >Customer Maintenance> Client
Maintenance
Choose Customer static tabs
Input a new CUSTOMER record
Use SECTOR code as 1001 and RESIDENCE as US
Use TARGET as 2 and CUSTOMER.STATUS as 2
Commit the record and get the record authorised
Use Role Based Home Pages > Private Operations > PWM Front
Office > PWM Front Office Operations >Customer Maintenance> Client
Maintenance
Choose Securities Data tabs
For the above customer open a CUSTOMER.SECURITY record as
“CUSTOMER” type and commit the record
Slide 73
Workshop - 5 Solution
Slide 74
Workshop - 5 Solution
Slide 75
CUSTOMER.SECURITY
Slide 76
CUSTOMER.SECURITY
Slide 77
CUSTOMER.SECURITY
Authorised broker
Can be specified whether the broker is authorised through
AUTHORISED.BROKER Field
T24 raises an override when transacted through an unauthorised broker
Report is generated during COB
Slide 78
Workshop - 6
Use Admin Menu > Private Administration > Securities > Static Data
and Parameters > Counterparty Maintenance > Broker Maintenance >
Broker Input
Choose Broker Static tabs
Create a CUSTOMER record for a broker using values from drop down list
Commit and get the record authorised
Use Admin menu > Private Administration > Securities > Static Data
and Parameters > Counterparty Maintenance > Broker Maintenance >
Broker Input
Choose Broker Securities Data tabs
For the above customer open a CUSTOMER.SECURITY record with
“BROKER” type
Use existing FT.COMMISSION.TYPE namely SCBROKCOM to define the
brokerage due to the broker for both shares and bonds
Slide 79
Workshop - 6 Solution
Slide 80
CUSTOMER.SECURITY
Slide 81
CUSTOMER.SECURITY
Slide 82
CUSTOMER.SECURITY
Slide 83
Workshop - 7
Use Admin menu > Private Administration > Securities > Static Data
and Parameters > Counterparty Maintenance > Depository
Maintenance
Choose Depository Static tabs
Input CUSTOMER record for depository, commit & get it authorized
Use Admin menu > Private Administration > Securities > Static Data
and Parameters > Counterparty Maintenance > Depository
Maintenance
Choose Depository Charge Group tabs
Input 999 in depository group, commit & get it authorised
Use Admin menu > Private Administration > Securities > Static Data
and Parameters > Counterparty Maintenance > Depository
Maintenance
Choose Depository Securities Data tabs
Input CUSTOMER.SECURITY with customer type as “DEPOSITORY”
Slide 84
Workshop - 7 Solution
Slide 85
Workshop - 7 Solution
Slide 86
Workshop - 7 Solution
Slide 87
Workshop - 8
Use Role Based Home Pages > Private Operations > PWM Front
Office > PWM Front Office Operations >Customer Maintenance >
Additional Settings > Update Address
Slide 88
Workshop - 8 Solution
Slide 89
Workshop - 8 Solution
Slide 90
Workshop - 8 Solution
Slide 91
SEC.ACC.MASTER - Portfolio Types
Portfolio
Revaluation
Slide 92
SEC.ACC.MASTER
Slide 93
SEC.ACC.MASTER
Slide 94
SEC.ACC.MASTER
Portfolio Name
ACCOUNT.NAME Field contains the Security Account title
Ex:- Mr. John Smith's Portfolio Account
Slide 95
SEC.ACC.MASTER - Account Numbers
Memo Portfolios
MEMO.ACCOUNT Field Can be flagged as Y for a MEMO account.
No accounting for customer transactions
Handled by the customer
Account numbers
ACCOUNT.NOS Field identifies account over which the account entries for
this portfolios transactions are to be passed
At least one account number to be specified for a non MEMO account
Same account cannot be used for different portfolios
Slide 96
SEC.ACC.MASTER – Segregated Account
Portfolios can keep the income and capital segregated. It is possible to attach an
Income account to a portfolio which does not belong to the Portfolio.
The interest accrued through a purchase or sale on bond positions and changes
are designated to a separate income account.
For those portfolios that have elected to segregate income, the accrued interest
and charges are posted to a separate income account and only the gross
consideration is posted to the capital account.
Slide 97
SEC.ACC.MASTER - Default Depository
Defaulting of depository
DEFAULT.DEPO Field is populated with a depository to be defaulted
Valid customer defined as depository in CUSTOMER.SECURITY
Defaulting of the depository takes place on trade or order for the portfolio
Slide 98
SEC.ACC.MASTER - Safekeeping and Advisory Fees
Slide 99
SEC.ACC.MASTER - Safekeeping and Advisory Fees
Calculation of fees
PORTFOLIO.FEES Field indicates how portfolio fees are calculated
Automatic /manual/not at all
Based on Interco Parameter P&L and Tax will be booked in the portfolio's
own company.
Last date for calculation
For both fees the last run date is maintained by system if the choice is
automatic in ADV.LAST.RUN and SAFE.LAST.RUN Fields
Closing of portfolios
CLOSURE.DATE Field is used to close a portfolio and cannot be changed
after authorization
Used for fees calculation in case a closure date is given for a SAM record
Slide 100
SEC.ACC.MASTER - VALUATION
Valuation date
DATE.OF.VALUATION Field specifies the last date when a valuation report
is run online or COB
Slide 101
SEC.ACC.MASTER Margin Details
Margin value (or Security Value) denotes the maximum amount that
can be borrowed against the Portfolio.
Slide 102
SEC.ACC.MASTER – Income analysis
Slide 103
Workshop - 9
Use Role Based Home Pages > Private Operations > PWM Front
Office> PWM Front Office Operations >Customer Maintenance> Client
Maintenance
Choose Cash Account tabs
Create 3 current accounts in USD/GBP/EUR for Customer created earlier
Use Role Based Home Pages > Private Operations > PWM Front
Office> PWM Front Office Operations >Customer Maintenance> Client
Maintenance
Choose Portfolio tabs
Create SAM for the Customer attaching these accounts
Define GBP as reference currency
Attach existing investment program, account office and managed account
Attach the USD account as Safekeeping Account
Define the USD account as default for securities buy transaction (BUY)
Note that on committing a message is displayed that safekeeping frequency
and advisory fee frequency is defaulted from the fees parameter
Slide 104
Workshop - 9 Solution
Slide 105
Workshop - 9 Solution
Slide 106
SEC.ACC.MASTER - Own Book Portfolio
Slide 107
SEC.ACC.MASTER - Own Book Portfolio
Slide 108
SEC.ACC.MASTER - Discount Processing
Slide 109
SEC.ACC.MASTER - Discount Processing
Posting of discount
POST.DISC.UPFRONT Field specifies whether discount is posted upfront
If Yes, Amortisation takes place, otherwise accruals posted
Slide 110
SEC.ACC.MASTER - Interest Accrual
Accrual is controlled by the accrual start date and interest payment date
fields
Slide 111
SEC.ACC.MASTER - Portfolio Types
Different tax rate is applicable if Securities are bought or sold for investment
or commercial purposes
Slide 112
SEC.ACC.MASTER - Revaluation
Slide 113
SEC.ACC.MASTER - Revaluation
Average cost determines the realized profit instead of the selling price,
so that the average cost of the remaining position remains unchanged
after the sale until additional purchase trade
Slide 114
Workshop - 10
Use User Menu> Treasury Operations > Securities (Own Book) > Back
Office > Create Portfolio > Create Portfolio
Use copy function and create a portfolio with Id as 999999-NNN from a
existing portfolio, namely 999999-1
Get the record authorised
Slide 115
Workshop - 10 Solution
Slide 116
Quiz - 9
Slide 117
SEC.ACC.MASTER - Recap
SEC.ACC.MASTER
Reference currency
Portfolio valuation Type of portfolio
INVESTMENT.PROGRAM
Revaluation methods
Portfolio modelling
Slide 118
Product Features
Slide 119
Order Processing
Slide 120
Securities Trading Overview
Trade
T24
Processing SECURITIES
Slide 121
Application Processing
Confirmation
from broker Execution of the
Confirmation from
order
depository
Direct
Input of
trade Message to
Completion of depository Settlement of
trade trade
Security Position
Slide 122
Order Processing
SEC.OPEN.ORDER
Order
transmitted Executed order Execution details
authorised
SC.EXE.SEC.ORDERS SC.EXE.SEC.ORDERS SC.EXE.SEC.ORDERS
$NAU LIVE $HIS
Slide 123
SC.PARAMETER - Order Processing
Charge calculation
If CALC.CHG.ST.HLD Field is set as Y, then charges Charges/tax are
defaulted in the trade created in Hold, when the order is executed/traded
Else the charges are computed while committing
Slide 124
SC.ORDER.TYPE
Slide 125
SEC.OPEN.ORDER
Order Type
ORDER.TYPE Field input details the type of Order
Ex:- BEST or at MARKET
Slide 126
SEC.OPEN.ORDER
Validity of order
LIMIT.TYPE Field specifies how long the order is valid
GTD/GTW/GTM/GTY or
Date can be specified in LIMIT.EXP.DATE Field
Type of transaction
Indicates whether buy/sale of the security
TRANSACTION.CODE Field indicates the order is to buy or sell
Slide 127
SEC.OPEN.ORDER
Order details
Customer account/nominal
CUST.ACC.NO Field identifies the customer's account
CU.CASH.AMOUNT Field contains the cash amount that is to be traded
Only for cash order otherwise nominal in NO.NOMINAL Field
SECURITY.MASTER price defaulted for cash flow of customer account
Slide 128
SEC.OPEN.ORDER
Slide 129
Workshop - 11
Use User Menu > Private Operations > Securities > Front Office >
Direct Ordering > Single Orders > Order Entry > Buy Order
Indicate Security created earlier and Order Type as Market
Input a purchase of 100,000 quantity of a share for your customer and
Portfolio created earlier
Use Broker created earlier
Slide 130
Workshop - 11 Solution
Slide 131
Workshop - 11 Solution
Slide 132
SC.EXE.SEC.ORDERS
When the order is transmitted record created in this file with the same
Id as SEC.OPEN.ORDER
The broker details with the execution gets updated into the order record
Slide 133
Workshop - 12
Use User Menu > Private Operations > Securities > Middle Office
Client Order Execution> Order execution > Dealer Blotter
From out of the list of orders to be executed, select your order and execute
at a price of USD 103
Accept override
Slide 134
Workshop – 12 Solution
Slide 135
SEC.TRADE
Slide 136
SEC.TRADE - Input
Security traded
Slide 137
SEC.TRADE
Security details
SECURITY.CODE Field identifies the security traded
The stock to be traded
Based on stock details from the SECURITY.MASTER default as follows
Currency traded
Default Depository
Stock Exchange
Price defaults if DEF.CUST.PRICE Field in SC.STD.SEC.TRADE is Yes
Interest particulars like dates, rate, if applicable
Trade/Value Date
TRADE.DATE Field defaults to system date
VALUE.DATE Field records depends on execution date like T+1 or T+2
Based on the Stock Exchange traded, the value date is calculated from
trade date
Slide 138
SEC.TRADE
Type of transaction
CUST.TRANS.CODE Field indicates whether the Customer is buying or
selling
Buy or Sell – Valid type from SC.TRANS.TYPE
Portfolio number
CUST.SEC.ACC Field identifies the Security Account of the Customer
Must be a Security Account of the Customer
First SAM record and has to be input by user for other portfolios
Slide 139
SEC.TRADE
Account number
Customer Portfolios
Defaulted from SAM but user amendable
Possible to setup rules for defaulting the specific accounts based on type of
transaction as set in the SAM
Can be an account with currency different from the trade or security
currency, but should be an account defined in the SAM
Possible to use an account belonging to another customer but the same
raises an override
Slide 140
SEC.TRADE
Nominal
CUST.NO.NOM Field specifies the nominal of the Security
Quantity of the security traded
Validated with trading units in SECURITY.MASTER
In multiples of the trading units if set
Price
CUST.PRICE Field records the Price at which the trade has been dealt
Defaulted from SECURITY.MASTER if set
Interest amount
CUST.INTR.AMT Field is applicable for bonds
Based on security details namely rate and interest days, interest amount is
calculated by T24
Calculates interest up to the value date from the last accrual date
Possible for user to amend the interest amount which has been defaulted
Slide 141
SEC.TRADE
Slide 142
SEC.TRADE
Slide 143
SEC.TRADE
BR.ACC.NO Field Identifies the Account over which financial entries relating
to the Broker for the trade, are to be passed
Defaults from NOSTRO.ACCOUNT record for the trade
currency/settlement currency
Can be defaulted from CUSTOMER.SECURITY record of Broker
Broker depository
BROKER.DEPO Field records which Depository the Broker is using
Mandatory if the settlement through a clearing system
Defaults from CUSTOMER.SECURITY record of Broker, if available
Slide 144
SEC.TRADE
Will form part of the message formats when building SWIFT type messages
BR.BEN.BANK.1 Field identifies the Beneficiary Bank, when the Broker has
requested external delivery of the proceeds of the transaction
Slide 145
SEC.TRADE - Currency Related
Broker account defaulted from the NOSTRO for the security currency
User can amend any of the above to other accounts which could be
same or different currency
Slide 146
SEC.TRADE - Others
Price
Can be different when multiple Customer/Broker is used
Dealer book – price different between Broker/Customer NOT allowed
Slide 147
SEC.TRADE
Interest accrual
Gross amount
Charges – Customer/Broker
EBV fees
Stamp tax
Slide 148
Settlement of Trade
Contractual Settlement
When trade is authorised, T24 raises accounting entries for the value / trade
date
Customer’s account debited / credited
Positions are updated on committing the transaction
Actual Settlement
T24 does further processing after trade completion
Suspense entries raised on trade authorisation
On cash settlement confirmation, Suspense entries revered and
entries raised on customer account
Positions are updated as unsettled till settlement of securities is confirmed
by depository
Slide 149
Workshop -13
Use User Menu > Private Operations > Securities > Middle Office >
Client Order Execution > Direct Sec Trade Input
Input a purchase trade of a bond for own book and customer
Use any BOND Security
Use own book portfolio and individual customer portfolio created earlier
Use own book Customer as 999999 and Own Book Portfolio as 999999-1
Quantity - 1000 for own book and 500 for customer
In the section Actual settlement, do not opt to hold cash and stock and
complete the trade contractually
Slide 150
Workshop - 13 Solution
Slide 151
Workshop - 13 Solution
Slide 152
Workshop - 13 Solution
Slide 153
Workshop - 13 Solution
Slide 154
Workshop - 14
Use User Menu > Private Operations > Securities > Back office >
Securities Authorisation > Securities transactions
Pick up the SEC.TRADE created by system for the Order executed earlier
Change the default value date to today's date
In the Actual settlement section, do not opt to hold cash and stock to
complete the trade contractually
Complete and get the record authorised
Use User Menu > Private Operations > Securities > Back Office >
Accounting Entries > View Transaction Entries
View the accounting entries by giving the trade Id of your transaction
Slide 155
Workshop -14 Solution
Slide 156
Workshop -14 Solution
Slide 157
Workshop - 15
Use User menu > Private Operations > Securities > Front Office >
Client Maintenance > Private Customer > Private Customer > Choose
Customer Securities Data
Open the CUSTOMER.SECURITY record of your customer and include
your depository as default depository
Commit the record
Use User Menu > Private Operations > Securities > Front Office >
Direct Ordering > Single Orders > 2 Step Order Entry > Buy Order
Input a purchase order with multiple customers, for the above customer and
another existing customer.
Order type as PRICE and Limit price as per details below
Orders of 10,000 for each
Use share created earlier
Limit price of USD 97 and type GTD
Slide 158
Workshop - 15 Solution
Slide 159
Workshop - 15 Solution
Slide 160
Workshop - 16
Use User Menu > Private Operations > Securities > Middle Office>
Client Order Execution > Order execution > Order to transmit
Input the broker created earlier, broker nominal and transmit the order
Slide 161
Workshop - 16 Solution
Slide 162
Workshop - 17
Use User Menu > Private Operations > Securities > Middle Office >
Client Order Execution > Order execution > Dealer Blotter
Execute the order partially at a price of USD 99, which is more than the
limit price
Input broker nominal of 16,000
Observe the customer nominal gets prorated on validation
Observe the override and accept it
Note that 2 trades are created in IHLD for the order
Use User Menu > Private Operations > Securities > Back office >
Securities Authorisation > Securities Transactions
Complete the trade using depository as 100114
Ensure that the actual settlement is set as NO
Value date is today’s date
Commit and get the both the trades Authorised
Slide 163
Workshop - 17 Solution
3
2
Slide 164
Workshop - 17 Solution
Slide 165
Workshop - 17 Solution
Slide 166
Workshop - 18
Use User Menu > Private Operations > Securities > Middle Office >
Client Order Execution > Order execution > Dealer Blotter
Execute the remaining order at a price of USD 96
Input balance nominal
Use User Menu > Private Operations > Securities > Back office >
Securities Authorisation > Securities Transactions
Complete the trade
Ensure that the actual settlement is set as NO
Value date is today’s date
Commit and get the both the trades Authorised
Slide 167
Workshop - 18 Solution
Slide 168
Workshop - 18 Solution
Slide 169
Cash Order
Cash amount
CU.CASH.AMOUNT Field for input of cash amount considered for security
trade when order type CASH
Calculation of charges
CALC.CHRGS Field determines whether the system will automatically
calculate the charges
If Yes charges are calculated and they will be passed through into the
SC.EXE.SEC.ORDERS application
Slide 170
Cash Order
Slide 171
Cash Order
For purchase nominal will be calculated so that the total nominal value plus
any applicable charges will match the cash amount exactly. If an exact
match cannot be found then the transaction cannot proceed
For sale nominal will be calculated so that the total nominal value minus any
applicable charges will match the cash amount exactly. If an exact match
cannot be found then the transaction cannot proceed
Slide 172
Cash Order
For purchase total nominal value plus any applicable charges will match the
cash amount exactly
If this cannot be achieved the system will calculate to the nearest trading
unit over the total cash amount (cash amount plus charges) and the
difference between this and the total trade will be taken off the Commission
For sale nominal will be calculated so that the total nominal value minus any
applicable charges will match the cash amount exactly
If this cannot the achieved the system will calculate to the nearest trading
unit under the total cash amount (cash amount minus charges) and the
difference between this and the total trade will be taken off the Commission.
If there is not enough commission to achieve this then the transaction
cannot proceed
Slide 173
Execution of Cash Order
When cash orders are executed the suggested price in the order and
the execution price may be same or different
For example if a cash order for USD10,000 for a security order price
of USD 98 the suggested order will be for 102 nominal
If the execution price is also USD 98 the order will be executed in full
If the execution price decrease to USD 90 the order will be executed for
102 *90 USD 9180
The remaining cash amount of 820 is waiting to be still executed.
As this is cash order this is a partial execution and open order is remaining
If the execution price increases to USD 100 the cash amount will be
exhausted and order will be executed for lesser nominal
Slide 174
Workshop - 19
Use User Menu > Private Operations > Securities > Front Office >
Direct Ordering > Single Orders > Order Entry > Buy Order
Input a cash order GROSS for purchase of cash amount USD 100,000 of
a share for another customer portfolio
Choose security as 100025-000
Choose another broker
Nominal field becomes NO INPUT when the order type is mentioned as
CASH
Calculate charges on the Gross amount
Slide 175
Workshop - 19 Solution
Slide 176
Workshop - 20
Use User Menu > Private Operations > Securities > Front Office >
Security Position Enquiries > Positions by Security
Check the positions for the portfolios and drill down to the trade
Slide 177
Workshop - 20 Solution
Slide 178
Workshop - 20 Solution
Slide 179
Order Grouping - Converting To Parent
Child Orders
Slide 180
Parent Child Orders
Security Orders can be created as Parent Child Orders where Parent Order
holds the Broker(Market) side and the Child Orders holds each Customer’s side.
The Parent Child Orders are linked by a common Reference. The Parent child
separation continues into Execution and Trade creation.
The separation of an Order into Broker side and Customer sides can also be
done at the time of execution.
In this case, the system creates separate trades – a Parent trade for the Broker
side and child trades for each of the Customers side
This functionality makes it possible for the users to amend/cancel one or more
Client legs of an Order/ Trade without impacting the Market side and vice-versa.
Slide 181
SC.STD.SEC.TRADE
SYNTHETIC.CPTY - Synthetic
counterparty to be used for parent child
processing. The counterparty specified
here will be updated into broker side of
child transaction.
ORDER.ALLOC.SUBR
Holds the local API which is going to allocate the nominals to
the customer based on the priority
Eg - Allocate first to the client with highest order quantity
Nominal allocated can be updated in customer nominal field
SC.EXE.SEC.ORDERS record
Slide 182
SC.STD.SEC.TRADE
The internal account category specified here will be used for entry
processing in parent and child trades.
For parent trade, Customer side account will be the internal account
formed using this category.
For child trade, Broker side account will be the internal account formed
using this category.
Slide 183
SC.STD.SEC.TRADE
SC.STD.SEC.TRADE
Slide 184
SC.BULK.TRANS.MATCHING
SC.BULK.TRANS.MATCHING
This parameter is used to tell the system as to
which fields in Parent and Child transactions need
to be the same.
The first field FIELD.NAME refers to fields in
SEC.TRADE. The ORD.FIELD.NAME refers to
fields in SEC.OPEN.ORDER.
Slide 185
Grouping of Orders
SC.PARAMETER
• GROUP.ORDER Field controls the grouping method to be used
• MANUAL / AUTOMATIC / BOTH
SC.STD.SEC.TRADE
• In SC.STD.SEC.TRADE the field TRANSMIT.ORDER has to be set to ‘YES’.
OFS.SOURCE and OFS.VERSION records have to be set up.
Slide 186
Group Parameter
SC.GROUP.PARAM
Includes system defined fields for grouping
User defined fields can be included
User defined routines can be created
Slide 187
Group Parameter
SC.GROUP.PARAM has a set of system fields, which are the mandatory parameters for
grouping.
SYS.FIELDS automatically populated by the system. While orders are grouped these
fields in SEC.OPEN.ORDER will be checked for a similar value.
Slide 188
Automatic Grouping of Orders
SC.AUTO.GROUP.ORDERS
Slide 189
Automatic Grouping Converting To Parent Child Orders
Enabling the field Parent.Child as YES allows to create parent child orders
based on the criteria's set
Slide 190
Automatic Grouping – Parent Child Orders
Security Orders can be created as Parent Child Orders where Parent Order
holds the Broker (Market) side and Child Orders holds each Customer’s side
The Parent Child Orders are linked by a Common Reference. The Parent Child
separation continues into Execution and Trade creation
Slide 191
Automatic Grouping – Parent Child Orders
• At the cut-off time, once SEC.OPEN.ORDERS is created, upon committing the record
the orders are grouped reflecting deal status as GROUPED and the grouped parent
child order is automatically TRANSMITTED
Slide 192
Automatic Grouping – Parent Child Orders
After the cut-off time, provided relevant services are executed the
SEC.OPEN.ORDERS with multiple Customers, can be split into Parent Child Orders at
the time of execution. The TRADE.CREATION field defaults from the
SC.STD.SEC.TRADE record and must be set to PARENT.CHILD
Then, on authorizing the SC.EXE.SEC.ORDERS record, the system splits and creates the
following:
Parent Trade with the Synthetic Portfolio on Customer’s side and the Actual Broker and
As many Child Trades as required with the Actual Customers on the Customer side and
the Synthetic Counterparty on the Broker Side.
The Trades are created in 'IHLD' status and on completing and authorizing the PARENT
trade the child trades are auto executed and authorised.
Slide 193
Workshop - 23
Slide 194
Workshop – 23 - SOLUTION
Slide 195
Workshop – 23 - SOLUTION
TSA.SERVICE, TSM
TSA.SERVICE, BNK/SC.GRP.ORD.SERVICE
TSA.SERVICE, BNK/SC.PARENT.EXECUTION
TSA.SERVICE, BNK/SC.PARENT.CHILD.PROCESSING
TSA.SERVICE, BNK/OFS.MESSAGE.SERVICE
Slide 196
Workshop – 23 - SOLUTION
Open TAFJ Shell screen and key in the below command would show the list of
running services
tRun tSA 2
tRun tSA 3
tRun tSA 4
tRun tSA 5
Slide 197
Workshop – 23 - SOLUTION
Create a SEC.OPEN.ORDER
Use User Menu > Private Operations > Securities > Front Office >
Direct Ordering > Single Orders > Order Entry > Buy Order
Indicate Security used to set up the automatic grouping in
SC.AUTO.GROUP.ORDERS
Order Type as Market
Input a purchase of 500 quantity of the same security for your customer
created earlier
Ensure Deal status is left BLANK
Commit the transaction and make a note of Transaction Id
After committing / authorizing the transaction the orders will be grouped
and deal status will automatically change to TRANSMITTED
Slide 198
Workshop – 23 - SOLUTION
1 2
Slide 199
Workshop – 23 - SOLUTION
The Child order will contain the PARENT order reference number
There are 2 orders that get generated. One being the parent order and another
as child order
Pick up the Parent order reference number and further execute the trade from
middle office (or using command SC.EXE.SEC.ORDERS,) by keying in the
Broker details and price
Use User Menu > Private Operations > Securities > Middle Office > Client Order
Execution > Order Execution > Order Entry > Order Execution Shares
Slide 200
Workshop – 23 - SOLUTION
Pick up the Parent order reference number and further execute the trade
from middle office (or using command SC.EXE.SEC.ORDERS,) by keying
in the Broker details and price
Use User Menu > Private Operations > Securities > Middle Office
Client Order Execution> Order execution > Dealer Blotter
From out of the list of orders to be executed, select your order and execute
at a price of USD 100
Accept override
Slide 201
Workshop – 23 - SOLUTION
Commit and Authorize the Parent trade upon which SEC.TRADE is created in
IHLD status
The Child orders will get executed as well and SEC.TRADE will be created in
IHLD status
Slide 202
Workshop – 23 - SOLUTION
Slide 203
Workshop – 23 - SOLUTION
Use User Menu > Private Operations > Securities > Middle Office
Client Order Execution> Direct Sec Trade Input
Click on the Up arrow icon, key in the SEC TRADE# and press enter
Accept overrides
Slide 204
Workshop – 23 - SOLUTION
Slide 205
Workshop – 23 - SOLUTION
Slide 206
Limits
Slide 207
Limits
Issuer
Based on the issuer, limit the holdings for the dealer book
Counterparty
Trading Limits set for each Counterparty/Broker
Slide 208
Issuer Limit
Setup
LIMIT.REFERENCE
LIMIT.PARAMETER
LIMIT for the issuer who should be a security customer
SECURITY.MASTER for a bond – with value in the issuer and the limit
reference
Slide 209
Limits - Issuer
LIMIT.PARAMETER - SYSTEM
SC.PARAMETER
210
Limits - Counterparty
COUNTERPARTY LIMIT
Slide 211
Limits - Counterparty
LIMIT.PARAMETER - SYSTEM
SC.DEL.INSTR
212
Delivery Messages
Slide 213
Delivery Messages
Slide 214
Delivery Messages
Broker SSI
The system defaults Broker Standard
Settlement Instructions (SSI) in Security
Transfers and Trades based on
STOCK.EXCHANGE, PL.SETT,
ASSET.TYPE/SUB.ASSET.TYPE, ISIN
COUNTRY.
Slide 215
Delivery Messages
Slide 216
Delivery Messages
Slide 217
Delivery Messages Inward
Slide 218
MT544-547 MESSAGES
T24 supports
MT540 –
Account Owner MT543 Account Servicer
Global Custodian Local Custodian
MT544 – MT547
MT544 –
MT547
Incoming
T24 Private Bank
Outgoing
Slide 219
MT544 - 547 MESSAGES
T24 covers both the roles of account owner for processing of incoming
messages and account servicer for generation of outbound
confirmation messages
Slide 220
MT 548 MESSAGE
Slide 221
ISIN for SWIFT Messages
ISIN is the SWIFT accepted identifier for securities. In case the Security is
traded without ISIN then the SWIFT messages will not be sent at the time of
Trade instead the SWIFT messages would be sent post ISIN is received
Slide 222
Workshop – 21
Slide 223
Workshop - 21 Solution
Slide 224
Workshop - 21 Solution
Slide 225
Workshop - 21 Solution
Slide 226
Enquiry - ISIN for SWIFT Messages
To list all the Securities where the ISIN has been recently updated
but the SWIFT has not been sent.
Slide 227
Workshop -22
Use Role Based Home Pages > Private Operations > Private Banking
Front Office Home Page> Position Enquiries > Security Positions >
Positions by Portfolio
View position of the portfolio of your customer
Drill down to transaction
Slide 228
Workshop - 22 Solution
Slide 229
Workshop - 22 Solution
Slide 230
Workshop - 22 Solution
Slide 231
Workshop - 22 Solution
Slide 232
Workshop - 22 Solution
Slide 233
Workshop - 23
Use User Menu > Private Operations > Securities > Front Office >
Security Position Enquiries > Positions by Portfolio
Indicate the security created earlier
View position of customer portfolio
Choose security movements from drop down option
Use drop down option to sell position
Sell off part of the position created earlier
Slide 234
Workshop - 23 Solution
Slide 235
Workshop - 23 Solution
Slide 236
Workshop - 24
Use User Menu > Private Operations > Securities > Middle Office >
Client Order Execution > Order execution > Dealer Blotter
Slide 237
Workshop – 24 Solution
Slide 238
Workshop - 25
Use User Menu > Private Operations > Securities > Back office >
Securities Authorisation > Securities Transactions
Input depository details and get the record authorised
Value date to be TODAY
Ensure that the actual settlement is set as NO
Get the record authorised
Slide 239
Workshop - 25 Solution
Slide 240
Workshop - 25 Solution
Slide 241
Workshop - 25 Solution
Slide 242
Workshop - 25 Solution
Slide 243
Workshop - 25 Solution
Slide 244
Enquiries
Position Summary
List of all positions held within T24
Positions by Portfolio
Position for a particular portfolio
Positions by Security
Security wise portfolios
Positions by Depository
Position as on Trade/value date
Position between two dates
Own Book positions
Own book positions with details of accruals and revaluation
Slide 245
COB Reports
Orders to be purged
Expired orders
Executed Orders
Pending Orders
Slide 246
Other Features
Slide 247
Non Stop Processing
Slide 248
Non Stop Processing
Input of new transactions with current or forward dates using the following
applications
SEC.OPEN.ORDER
SC.EXE.SEC.ORDERS
SEC.TRADE
SECURITY.TRANSFER
Slide 249
Non Stop Processing
Slide 250
Blocking of Positions
Slide 251
SC.BLOCK.SEC.POS
Slide 252
SC.BLOCK.SEC.POS
EFF.FROM.DATE Field
Date the new block/unblock transaction will commence
Can be today or future date
EFF.TO.DATE Field
Date the new block/unblock transaction will terminate
If blank then permanent block
Contains the blocking amount that will become current on the actual
BLOCK.EFF.FROM Field
Slide 253
Blocking of Security Position
Slide 254
Blocking of Security Position
SECURITY.POSITION
BLOCK.EFF.FROM Field
contains the dates when the next change in block amount will occur
NEW.BLOCK.AMT Field
contains the amount by which the total blocking amount will be effected
Also holds the product namely SC/DX as blocking can be defined in
Derivatives module when the security is the underlying instrument
SC.PARAMETER
BLOCK.HISTORY Field, which specifies how many working days to keep a
block/unblock transaction in the SC.BLOCK.SEC.POS live file before
moving it to the History file
Only records that have a date in the EFF.TO.DATE Field will be considered
for updating by the End of Day process
Slide 255
Workshop - 26
Use Role Based Home Pages > Private Operations > Private Banking
Front Office Home Page > Blocks and Restrictions > Blocks and
Restrictions > Block Sec Position
To existing position a blocking created
Input a block of 5,000 from today for 10 days and another block starting
after 10 days of the value date for a period for a week
Use Role Based Home Pages > Private Operations > Private Banking
Front Office Home Page> Position Enquiries > Security Positions >
Positions by Security
View position of the portfolio of your customer
Find out the positions blocked
Slide 256
Workshop - 26 Solution
Slide 257
Workshop - 26 Solution
Slide 258
Bulk Order Processing
Slide 259
ORDER.BY.CUST
Slide 260
ORDER.BY.CUST
Type of order
ORDER.TYPE Field specifies the type of order
Mandatory input
Options are
CASH
PURCHASE
SELL
TARGET
PURCHASE.INCR
SELL.PERC
SWITCH
Slide 261
ORDER.BY.CUST
Slide 262
Bulk Trade
The Parent Child Bulk order functionality has been enhanced to handle
the following:
Slide 263
Bulk Trade
Validate some common fields like Nominals, Trade date, Value date,
Security No etc. match between Parent and Child transactions and
Update a Log file when there is a mis-match
Ensure that child orders created/executed are for a set minimum order
lot
Slide 264
ORDER.BY.CUST –TARGET
Slide 265
ORDER.BY.CUST- PURCHSE.INCR
If you want to increase the Position of A by say 10% the system will
arrive at 10% of the value of purchase based on Stock A valuation i.e.
10%*10000=1000 & arrive at the nominal i.e. 1000/10 = 100. So a Buy
Order for 100 nominals will be created
Slide 266
ORDER.BY.CUST - SELL.PERC
Slide 267
ORDER.BY.CUST - SWITCH
Proceeds from the sale side of the transaction are the upper limit to be
reinvested
On the buy side the sum of the allocations for all buy-side securities
should be 100% or less
Slide 268
ORDER.BY.CUST - SWITCH
Multiple securities can be selected for the “sale” and the “buy” side of
the operation
Similarly, the target securities for which the resultant buy order needs
to be generated should be input in SECURITY.NO.CR Field
Enables the user to sell and buy multiple securities in a single order
Slide 269
ORDER.BY.CUST
And or one or more chosen criteria from any valid field name or number
from SEC.ACC.MASTER Table
FIELD.SELECT Field enables to define selection Criteria
FIELD.OPERATOR Field could be chosen as Equals, Not Equal to,
Greater, Less Than, Like, Unlike
FIELD.OPERAND Field used used to provide Criteria values
INVESTMENT.PROGRAM EQ 47 and DEPT.ACCT.OFF EQ 320 will be
read as SEC.ACC.MASTER accounts with INVESTMENT.PROGRAM EQ
47 and with DEPT.ACCT.OFF EQ 320 to be selected
Slide 270
ORDER.BY.CUST
Slide 271
ORDER.BY.CUST
Display of orders
ORDER.PRESENT Field determines the order of display for the suggested
orders
Choice SECURITY or PORTFOLIO
Slide 272
ORDER.BY.CUST
Cash Amount
CASH.AMOUNT Field is used to enter cash amount to be applied to each
portfolio selected
Used to determine the amount of nominal to trade
Slide 273
ORDER.BY.CUST
Cash rounding
Used to specify the rounding method
EXACT and UNDER/OVER options
Nominal rounding
Options NATURAL/UNDER /OVER
Commissions and charges are not considered in the calculations
Slide 274
ORDER.BY.CUST
Rounding factor
ROUNDING.FACTOR Field is the Minimum Lot Size of the suggested
Nominal for each portfolio
Slide 275
ORDER.BY.CUST
Value of the open orders is stored in the SC.POS.ASSET for open order
nominal, value of the nominal and One for the accrued interest in the three
NET.OPEN.ORDER.NOM, NET.OPEN.ORDER.EST and
NET.OPEN.ORDER.AI Fields
Slide 276
ORDER.BY.CUST
SETTLEMENT.CCY on the Sell and Buy sides will have to be the same
Slide 277
ORDER.BY.CUST
Slide 278
ORDER.BY.CUST
Particular of trader
Order passed on to a particular trader is specified in TRADER.CODE Field
which should be a valid DEPT.ACCOUNT.OFFICER record
Input of instructions or comments, to be passed on to the dealers in
TRADER.DESC
Slide 279
Workshop - 27
Use User Menu > Private Operations > Securities > Front Office >
Direct Ordering > Bulk Orders > Bulk Orders
Input PURCHASE.INCR for share created earlier, for the customer created
Auto select is set to Y
Use User Menu > Private Operations > Securities > Front Office >
Direct Ordering > Bulk Orders > Complete orders on hold
Input broker details and only for 3000 nominal
Value date is equal to today
Use User Menu > Private Operations > Securities > Back office >
Securities Authorisation > Securities Transactions
Complete both trades
Value date is equal to today
Actual settlement is set as NO
Slide 280
Workshop – 26 Solution
Slide 281
Workshop – 26 Solution
Slide 282
Workshop – 26 Solution
Slide 283
Workshop – 26 Solution
Slide 284
Workshop – 26 Solution
Slide 285
Workshop – 26 Solution
Slide 286
Workshop – 26 Solution
Slide 287
Workshop – 27
Use User Menu > Private Operations > Securities > Front Office >
Direct Ordering > Bulk Orders > Bulk Orders
Input a Switch order for 20 percent of Bond
Switch the same for 100 percent of shares
Auto select is set to Y
Use User Menu > Private Operations > Securities > Front Office >
Direct Ordering > Bulk Orders > Complete orders on hold
Input broker details and price for both orders
Slide 288
Workshop - 27 Solution
Slide 289
Workshop - 27 Solution
Slide 290
Workshop – 27 Solution
Slide 291
Workshop - 27 Solution
Slide 292
Workshop - 27 Solution
Slide 293
Thank You