1.1 Product Code- CDPF

CDPF- Credit Default Index Instrument

Credit Default Index is parametrized with the following features.

Synopsis

• The regular coupon payments till the bond mature.
• The bonds can be issued at premium, discount or at par.
• On maturity the principal amount will be repaid to the holder.
• Individual Investors, Corporate customers and financial institutions can use this product for buying and selling of securities.

Detailed Coverage

CDPF Instrument covers the following features:

• Redemption type Quantity
• Redemption quotation Nominal
• Premium quotation
• Plus Accrued
• Price Quotation Trade Price
• Auto Initiation of Corporate Action

Premium / Charges / Commission & Fees

Premium Rate Details:

• Rate Details

Special/Other Features

User can define tax and brokerage components for the deals.

Additional information (ex. UDF & other Special Maintenance)

In case, Bank wants to capture some other details about the deal or the parties involved, the same could be customized by way of using UDF option available at various screens.

• Branch parameter
• Messaging parameter
• Local holidays
• Security batch maintenance
• Market code and price maintenance
• SK location maintenance
• Tax scheme class