9.16 Product Code- WSGR
WSGR – Bank Collateral Portfolio Product
Business Scenario
The Securities Portfolio Product WSGR is used for creating Bank Portfolios creation to handle Lifecycle events and Corporate Actions of Fixed and Floating Rate Bonds with Discount/Premium Accrual Method as ‘Weighted Average’.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 rates.
Detailed Coverage
The WSGR Instrument product covers the following features,
Table 9-16 Detailed Information
| Detailed Coverage | Description |
|---|---|
| Type of the Product | Securities – Bank Portfolio Product |
| Costing Method Covered | Weighted Average Cost |
| Accruals covered with Frequency |
|
| Accrual Methods: | Accruals calc method - Actual/360 |
| Liquidation | Auto Liquidation for Corporate Actions |
| Revaluation | Realized Revaluation with Method as MTM and frequency as Daily. |
| MIS | The MIS details are not captured in this product. |
| Charges/Tax |
|
Events Covered
Product WSGR has the life cycle events of Securities instruments as listed below:
Table 9-17 Events
| Events | Terminology |
|---|---|
| ACRD | Accrual of Sec. Discount Earned |
| ACRP | Accrual of Sec. Premium Paid |
| ACRR | Accrual of Redemption Premium Ernd. |
| BRVL | Securities Revaluation of Positions |
| CLIB | Booking of Contingent Liability |
| CPCD | Coupon Collection |
| CPIN | Coupon Init |
| CPLQ | Coupon Liqd |
| DVCD | Securities Dividend Collection |
| DVIN | Securities Dividend Initiation |
| DVLQ | Securities Dividend Liquidation |
| FACR | Sec. Forward Deal P Accrual |
| IACR | Securities Coupon Interest Accrual |
| PROV | Provisioning |
| PRVR | SETT MESSAGES Reverse Provisioning |
| RRVL | Securities Reversal of Revaluation |
| SCCD | Securities Stock To Cash Collection |
| SCIN | Securities Stock To Cash Initiation |
| SCLQ | Securities Stock To Cash LIQD |
| SPLP | Sec. Purchase from Long Position |
| SPSP | Sec. Purchase from Short Position |
| SSLP | Sec. Sale from Long Position |
| SSSP | Sec. Sale from Short Position |
| WELL | Warrants Sec. Exercise Processing |
| WENL | Exercise of Warrants for New Equity |
| WRLL | Warrants Sec. Tear-Off Processing |
| WROL | Warrant Detachment from Parent Sec |
| YACR | Yield Accrual |
Advices Supported
PAYMENT_MESSAGE (Payment Message) like MT202, MT210.
CUST_PMT_ADV (Debit Credit Advice) like MT900, MT910.
Interest / Charges / Commission & Fees
The WSGR product is parametrized with the following charge and tax components,
- Charge Component - CPNCHG
- Tax Component - CPBKTR1_TX
Special/Other Features
- User can define various tax, charges and brokerage components for the deals.
- Additional Advices / Statements are supported.
Additional information
The following are the maintenance required in OBTR to use the LKBR product for Securities Portfolios.
- SE Branch Parameter
- Treasury Branch Parameter
- Treasury Messaging Parameter
- SE Batch Maintenance
- Treasury Interest Class Maintenance
- Treasury Charge Class maintenance
- Treasury Tax class maintenance
- Securities Safe Keeping Location and Account maintenance
Parent topic: Product Catalog - Treasury Securities Instrument