14. Maintaining Portfolio Restriction Classes

14.1 Introduction

From the head office of your bank, you can establish certain controls over the portfolios that your branches can trade in. These controls can be achieved by specifying restrictions.

A set of restrictions can be grouped together, is called a Restriction Class in Oracle FLEXCUBE. You can maintain several portfolio restriction classes.

The Advantage of Defining Restrictions as Classes

While creating a product, instead of specifying restrictions for each product, you need to only associate the appropriate portfolio restriction class, to the product. All the attributes defined for the class will be applicable to the product. These defaulted restrictions can be changed to suit the product.

Thus, you need not define restrictions for each product that you create.

Note

Once defined, a portfolio restriction class can be made applicable to any number of prod­ucts.

14.2 Portfolio Restriction Classes

This section contains the following topics:

14.2.1 Specifying the Portfolio Restriction Classes

You can invoke the Portfolio Restriction Class Maintenance screen from the Application Browser. If you are maintaining details of a new portfolio restriction class, click new icon on the tool bar. The Portfolio Restrictions Class Maintenance screen is displayed without any details.

To invoke the ‘Securities deal Portfolio Restrictions Class Maintenance’ screen, type ‘SEDXPRCL’ in the field at the top right corner of the Application tool bar and click on the adjoining arrow button.

If you are calling a Portfolio Restriction Class record that has already been defined, choose the Portfolio Restriction Class Maintenance Summary screen.

From the Summary screen, double-click a class to open it.

Class Code

In Oracle FLEXCUBE, each portfolio restriction class that you maintain is identified by a unique ten-character code called a Class Code. You can follow your own convention for devising this code, however, one of the characters of the code should necessarily be a letter of the English alphabet.

Description

You can specify a short description that will enable you to identify the portfolio restriction class easily.

The short description that you specify is for information purposes only and will not be printed on any customer correspondence.

Module

A portfolio restriction class that you maintain has to be for specific to a module in Oracle FLEXCUBE. This is because a class that is maintained for one module would be unsuited to another. For instance, you may choose to allow trading in securities in some branches, but disallow these branches from loan facilities.

Restriction Type

You can specify portfolio restrictions in the form of an allowed, or disallowed list.

When you associate a restriction class with a product, the portfolios that do not figure in the allowed list cannot be traded with. If you have maintained a disallowed list, portfolios that do not figure in the list can be involved in deals linked to the product.

You can indicate whether you are maintaining an allowed or a disallowed list type, by choosing the appropriate option under this field.

Exempting Specific Portfolios from a List

You can exempt specific portfolios from the restriction specified for the product with which it is associated. Click add icon and select a portfolio code from the picklist. You can choose to Allow or Disallow the portfolio that you have selected by choosing the appropriate option under Restriction Type.

Click delete icon to remove a portfolio from the list.

For example, suppose that you have maintained a Portfolio Product to cater to Bank Portfolios. You assigned the product, a code PF01. You have entered five bank portfolios under this product, with the following Portfolio IDs: P001, P002, P003, P004, and P005.

You are maintaining Portfolio Restrictions for the product and include PF01 in the Allowed list. By default, all portfolios entered against this product will be allowed.

Requirement:

However, you would like to disallow a specific portfolio, P005.

Click add icon and select the ID of the Portfolio P005 from the picklist.

In the Restriction Type column corresponding to P005, choose the Disallowed option.

Result:

When you associate the restriction class with a product, you can deal in all portfolios involving PF01, except the portfolio P005.

14.2.2 Portfolio Access

Portfolio Identification

It is the Internal Security Id for which Security Portfolio has been maintained under Securities Security Portfolio Definition.

Product

It is the Security Portfolio Code that has been maintained under Securities Security Portfolio Definition.

Portfolio Description

It is the description of portfolio identification.

14.2.3 Viewing Securities - Portfolio Safe Keeping Location Balances Summary

You can view the portfolio safe keeping location balances of securities in the 'Securities - Portfolio Safe Keeping Location Balances Summary' screen. You can invoke this screen by typing 'SESXPFSB' in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button.

In the above screen, you can base your queries on any or all of the following parameters and fetch records:

Select any or all of the above parameters for a query and click 'Search' button. The records meeting the selected criteria are displayed.

If you are allowed to query, then system displays the following details pertaining to the fetched records:

14.2.4 Viewing Securities - Portfolio Safe Keeping Location Movements Sum­mary

You can view the portfolio safe keeping location balances of securities in the 'Securities - Portfolio Safe Keeping Location Movements Summary' screen. You can invoke this screen by typing 'SESXPSMV' in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button.

In the above screen, you can base your queries on any or all of the following parameters and fetch records:

Select any or all of the above parameters for a query and click 'Search' button. The records meeting the selected criteria are displayed.

If you are allowed to query, then system displays the following details pertaining to the fetched records: