5.3 Securities Netting

This topic describes the net settlement of securities process such as securities nettling process and view the securities netting summary details.

Net settlement of Securities can be performed using ‘Securities Netting’ function.

All security contracts that are marked for netting, including security contracts created for margin transfers, can be settled together for the net quantity.

The details that can be captured for Securities Netting include,

• SK Location, Account, Agreement or Counterparty, Security and Settlement date
• Optionally can filter the contracts for the selected Module or Portfolio
• Select the contracts to be included for netting

User can view the details for,

• List of contracts, that are to be settled through the selected Security, SK Location and Account and linked to the selected Agreement or done with the same Counterparty
• Events triggered for the securities netting transaction along with the advice(s) generated for each event

Securities Netting transactions can be initiated only for the branch to which user has access.

This topic has the following sub-topics:

• Process to initiate a new transaction
  This topic provides the systematic instructions to initiate a new transaction.
• Process to query and view the details of an existing transaction
  This topic provides the systematic instructions to query and view the details of an existing transaction.
• Modifying an existing transaction
  This topic provides the systematic instructions to modify an existing transaction.
• Discard, reverse and print transactions
  This topic provides the systematic instructions to discard and reverse transactions and print details of the transactions.
• Securities Netting Process screen
  
• Main
  
• Details
  
• Events
  
• Authorization
  
• Securities Netting Summary