2.13 Bid/Ask Factor Maintenance

Bid price is the highest price that a buyer is willing to pay in a trade deal whereas ask rate is the lowest price that the seller is willing to accept. The ratio of the bid price to the ask price is termed as Bid/Ask factor.

You can maintain the Bid/Ask factor for the credit rating values available from S&P in the Bid Ask Factor Maintenance screen.

To capture details of bid ask factor maintenance

Specify the User ID and Password, and login to Homepage.

1. On the homepage, type TLDBDMNT and click next arrow.
   The Bid Ask Factor screen is displayed.

   Figure 2-11 Bid Ask Factor

   
   

   
   Description of "Figure 2-11 Bid Ask Factor"

   
   
2. You can enter below details in Bid Ask Factor screen. For information on fields, refer to the field description table.

   Table 2-13 Bid Ask Factor

   Field	Description
   Reserve Rating	Select the credit rating agency for which you need to maintain Bid/Ask factor for the associated rating values. The following options are available: Moody’s S & P
   Rating Value	Specify the rating value obtained from the rating agency selected.
   Bid Factor	Specify the Bid/Ask factor corresponding to the reserve rating obtained from the rating agency.