9.14 Product Code- SEMT
The ‘SEMT’ product is used to create Fixed Rate Bonds issued by corporate, Banks or Government authorities.
Business Scenario
The ‘SEMT’ product is used to create Fixed Rate Bonds issued by corporate, Banks or Government authorities.Synopsis (ex. High level features etc.)
- The Fixed/Floating Rate bond portfolios are handled by this product.
- It can handle Bonds issued at Discount/Par/Premium with positive and negative Interest rate.
Detailed Coverage
The ‘SEMT’ Instrument product covers the following features,
Table 9-14 Detailed Information
Detailed Coverage | Description |
---|---|
Type of the Product | Fixed Bonds Instrument |
Tenor | Weeks |
Redemption Type | Quantity |
Interest Type | Fixed |
Quantity Quotation | Nominal |
Price Quotation | Deal Price |
Interest Quotation | Flat |
Auto Initiation |
|
Coupon Processing | Actual Value date (Forward), Coupon Plotting(Forward) |
Provisioning | Manual |
Holiday check required | Local, Currency and Financial Center Holiday |
Restrictions | None |
Rate Fixing | 0 days before start of Next Coupon period |
Interest |
|
Additional information
The following are the maintenance required in OBTR to use the FBN3 product for Securities Portfolios.
- Branch Parameter
- Messaging Parameter
- Local, Currency and Financial Center Holidays
- Security Batch Maintenance
- Market code and price maintenance
- SK Location Maintenance
- Security, Deal, Portfolio and Combination Products
- Security Product, Deal product and Portfolio product preference classes
- Portfolio definitions
Parent topic: Product Catalog - Treasury Securities Instrument