18.2.9 Specify Relevant dates

Capture the dates that are relevant to a security being maintained. The following arethe dates that you should specify:

• The Issue/Tear-off Date
• The Start of Interest Date
• The Start of Trading Date
• The Redemption/Expiry/Maturity Date

The Start of Interest Date and the Start of Trading Date that you specify should be greater than the Issue Tear-off Date. In case you want to extend the redemption date of the security after it is authorized, indicate a new redemption date in the redemption/Expiry Date field. Once you extend the redemption date, you need to maintain a new coupon schedule for the newly extended period (between the previous redemption date and the new redemption date). In case you do not maintain a coupon schedule for the period, the system will, by default, apply the bullet schedule for the new period.

Note:

No back dated buy/sell deal input or reversal of a deal is allowed before the transactiondate of the security extension.

On extension of the security, YTM for all deals will be recomputed and the Discount/Premium accrual will be completed till the extension date (using the old redemption date). Discount/ Premium accrual for only the unaccrued part will be done using the new redemption date after extension. Additionally, you can also maintain a new interest revision schedule for an extended period.