25. Maintaining Block Security Details

25.1 Introduction

A specified quantity of securities can be stopped from being traded in the market. This is done by specifying details of the securities to be blocked, in the Securities Deal Input – Block Securities screen.

You can invoke the ‘Securities Block/Release Block Input' screen by typing 'SEDXBLNL' in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button.

Click new icon from the toolbar. The screen will be displayed with no valued in the fields.

To view details of records previously maintained, call on the Summary View screen. The details of all the records maintained will be displayed in a tabular format. Highlight the record of your choice and double click it.

On specifying the security code of the product for which securities are being blocked, the manner in which the security is quoted, is displayed in the Quote By field. Based on the manner in which the security is quoted, you can indicate the quantity of (whether units or amount) securities to be blocked.

Product Code

This is the generic product which has been defined as a Deal product in the Securities Products menu. It is selected from the pick list and used for blocking the securities.

Deal Reference No

This is a system generated number. This number is generated using the Branch Code, Product Code, Julian date and running serial number combination. The number cannot be changed.

User Reference

Enter a unique reference number to identify the deal. The deal will be identified by this reference in addition to the reference number generated by Oracle FLEXCUBE.

By default, the Deal Reference Number generated by the system will be taken as the User Reference No. You can choose to change it and indicate a reference of your own.

You can query information on the portfolio by using any of the reference IDs.

Security Code

Indicate the code of the security involving the product which you want to stop from trading.

Click the adjoining option list for a list of valid security codes.

The security codes maintained in the Security Definition screen are picked up and displayed in the picklist available for this screen. Once you specify the security code the description of the code will be picked up and displayed in the adjacent field.

Description

This is the description of the security code selected. This is defaulted from the instrument definition.

Form Type

Securities that have to be stopped from being traded can be either of the following:

You have to indicate the form type of the security, for which trading has to be stopped for a specificed period.

Security Series

If it is security of bond type with series you are required to indicate the series for which trading is to be stopped for a specified period.

Click the adjoining option list and select the series for which trading is to be stopped.

Block Date

This is the date, with effect from which securities should be blocked. The system defaults the Block date and the Trade Date and the dates cannot be changed.

Release Date

This is the date, on which the blocked securities will be released and will be available for further trading or transfer.

On entering the product code, the System date will be defaulted as the Transaction and Block dates respectively. You cannot change these dates. However you can indicate the date on which the blocked securities can be re-traded in the market. Specifying the release date does this.

In addition, you can also indicate whether the entire quantity of securities is to be released, as of the release date or whether securities have to be released in parts.

If you allow partial release, then the quantity to be released partially can be indicated through the Release Securities screen. Highlight Processing and

Liquidate option in the Actions Menu or click liquidate icon from the toolbar. The Release Securities screen is displayed.

Enter the quantity of securities to be partially released and click ‘Ok’ button..

Partial Release Allow

You can indicate whether the entire quantity of securities is to be released as of the release date or only a part of the quantity has to be released for re-trading.

Check this box to indicate that only a part of the specified quantity is to be released as of the release date.

Auto Release Allow

If you specify that securities have to be auto liquidated then the system will automatically liquidate the specified quantity as of the release date. If auto liquidation is not specified, you have to manually liquidate the securities through the Release Securities screen.

Portfolio

Indicate the portfolio from which you are blocking securities. Click the adjoining option list and select the portfolio code from the picklist.

Once you specify the portfolio Id the counterparty details are defaulted in the adjacent fields.

Description

Here you can view the description of the Portfolio, which is automatically updated once the Portfolio Id is selected.

SK Location and the SK Account

You can indicate the code assigned to the SK location, where the securities have been lodged and the account to which they belong.

Description

Here you can view the description of SK Location based on the SK Location Id selected.

Quantity

If the manner in which the security is quoted is Units enter the number of units to be blocked. If the quotation method used is Nominal enter the amount of securities to be blocked.

Counter Party

Based on the Portfolio Id selected, the counterparty details will be automatically updated.

Description

Here you can view a brief description of the counter party based on the Portfolio Id selected.

Block Reference and Block Type

Securities can be blocked when they are used as collateral for other transactions processed in Oracle FLEXCUBE. You can track the securities that are blocked as collateral for Money Market Placements.

In the Blocked Securities Deal screen, the reference number of the MM placement for which securities are blocked is displayed. Securities blocked for other reasons will not bear any such details.