By default, everything in the system is denied. Therefore, if no permission is granted, you do not have access to anything. To view or modify an object, you must be granted permission.
An object inherits its security from its home folder. By default all created objects inherit their security settings. Portfolios and folders, propagate two sets of security properties.
These permissions propagate as follows:
- Sub-containers (portfolios or folders) inherit both the containers and objects set of permissions.
- Objects inherit only the object security.