19.2.5.4 Warrants Exercise

Security of warrants type is associated with an exercise type of product then at the time of deal input, the exercise event is carried out for the security, involving the product. You have to indicate the number of warrants to be exercised along with the SK location and the SK account where the warrants are held. The details of the quantity of the resultant security can be viewed along with other details such as the exercise price. In case there are charges, the charge details will also be displayed. Depending on the quantity of warrants exercised, the holdings in the warrants security will go down and the holdings in the resultant security will go up. The Warrants Exercise Collection for long position (WELC) will pick up those events for which the collection is not yet done. This is however, done only for events with collection date less than or equal to today's date. After the collection, the Events table is updated to indicate that the collection is complete, for the event. After WELC, the Warrants Exercise Disbursement for long positions (WELL) is triggered. Those events with the disbursement date, less than or equal to today will be picked up for liquidation. Once the disbursement is complete, the Events table is updated to indicate that liquidation is complete for the event.