19.11 Coupon Transfer

This topics describes the coupon transfer process.

Coupon collected on the securities received as part of reverse repo deal is transferred back to the reverse repo counterparty. This screen allows the user to transfer coupon to the counterparty when claimed.

On selecting Corporate action ID, Position Reference number and counterparty, the coupon amount collected in the collateral portfolio for the coupon schedule is defaulted in the amount field.

1. On the Home page, type SEDXCTFR in the text box, and click the next arrow.

   Coupon Transfer screen is displayed.

   Figure 19-16 Coupon Transfer

   
   Description of "Figure 19-16 Coupon Transfer"
2. On the Coupon Transfer screen, refer to the details as required.

   On selecting Corporate action ID, Position Reference number and Counterparty Coupon amount collected in collateral portfolio for the coupon schedule is default in amount field.

   Table 19-16 Coupon Transfer - Field Description

   Field	Description
   Corporate Action ID	Corporate Action ID of the security code
   Position Reference	Collateral portfolio Position reference number
   Reference Number	Generated by system on a successful save of record
   Safe Keeping Location	ID of the safekeeping location
   Safe Keeping Account	Default Safekeeping Account that the holder of the collateral portfolio maintained.
   Customer Number	Lists Reverse Repo Counterparty number
   Customer Name	Defaults Reverse Repo Counterparty name
   Currency	Defaults Coupon Currency
   Amount	System defaults Coupon amount that bank transfers to the counterparty
   Debit Branch	Defaults Debit account branch
   Debit Account	Defaults Debit account from which coupon amount is paid
   Debit account Description	Default account description
   Credit Branch	Defaults Credit account branch
   Credit Account	Defaults Counterparty account where coupon amount is transferred
   Credit Account Description	Default Account Description is displayed in this field
   Booking Date	Date when Coupon transfer is booked
   Transaction Date	Date when the settlement happens

   For more information on coupon transfer functionality calculation, refer to the Coupon Transfer Functionality calculation sheet.