19.10 Process Bonus to Cash Conversions
This topic describes the overview to process bonus to cash conversion.
The events table is scanned. Those events with an initiation date less than or equal to today and for which initiation has not been done will be picked up. The BOST (Bonus Initiation for short position) or BOLT (Bonus initiation for a long position) depending on whether the position in short or long. After the initiation event is complete, the Events table is updated. Positions and holdings are also updated. For disbursing the events due, only those events with the disbursement date less than or equal to today’s date will be picked up. The Bonus disbursement for short positions (BOSL) or Bonus Disbursement for long positions (BOLL) will be triggered depending on whether the position in short or long. After liquidation, the events table is updated to indicate that liquidation is complete for the event.
Note:
Please remember that automatic liquidation is carried out only if you have specified so at the portfolio definition level. Otherwise, events due will have to be liquidated manually.
This topics has the following sub-topics: