Contract Option Type - Algorithms
To define validation algorithms for contract option events linked to contract options of this type. Open > > > and navigate to the Algorithms page to define validation algorithms for this contract option type.
Description of Page
The grid contains Algorithms that may be used to validate contract option event information. You must define the following for each algorithm:
• Specify the System Event with which the algorithm is associated (see the table that follows for a description of all possible events).
• Specify the Sequence number and Algorithm for each system event. You can set the Sequence Number to 10 unless you have a System Event that has multiple Algorithms. In this case, you need to tell the system the Sequence in which they should execute.
The following table describes each System Event.
System Event | Description |
Contract Option Event Cancel | This algorithm is executed when a contract option event for a contract option of this type is canceled. |
Contract Option Event Freeze | This algorithm is executed when a contract option event for a contract option of this type is frozen. |
Contract Option Event Pending | This algorithm is executed when a contract option event for a contract option of this type is added or changed and the status is pending. |
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