Product Code

Business Scenario

The Rate Bonds issued by corporate, Banks, Municipal or Government authorities in order to raise the funds are handled by this product.

Introduction

The fixed income bonds are dealt by using the above product. The interest income (coupons) periodicity can be determined during the security definition (instrument) under this product.

Synopsis (ex. High level features etc.)

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

Branch Currency

The product BB08 can be used by all branches and offered in all the currencies. The restrictions are not imposed from Head office.

Customer

The restrictions are not put by the Head office to make use of this product. All the customers are allowed to avail this product/ service.

Preferences

The product BB01 is having the following important features/properties.

Call or Put options
Redemption type
Redemption quotation
Confirmation of corporate actions
Issue and outstanding sizes
Minimum lot and trading sizes
Price quotation
Interest quotation
Allowing or disallowing the fractional quantity
Equated redemption
Security and payment currency
Issue, face value and the redemption prices
Issue date, interest start date, trading start date and the redemption dates
Interest (coupon) frequency
Interest (coupon) accrual and liquidation details
Revaluation Price code
Redemption details
Interest rate details
Tax details
MIS details
User defined fields (UDF)

MIS

The MIS details are not captured in this product.

Fields

There are no UDF details available for this product

Events Covered

Table 9-1 Events

Events	Terminology
BOOK	Booking of Securities Deal
AMND	Amendment of Securities Deal
CANC	Cancellation of Securities Deal
CCON	Counterparty confirmation
DACF	Deliver versus Payment Confirmation
DFCF	Deliver Free Confirmation
DSTL	Settlement of Securities Deal
EXTN	Extension of Deal Settlement Date
MSTL	Money Settlement of Securities
RACF	Receive Versus Payment Confirmation
RBLK	Release Block of Security Positions
REAS	Reassignment of Securities Deal
REVR	Reversal of Securities Deal
RFCF	Receive Free Confirmation
SGEN	SETT MESSAGES

Interest / Charges / Commission & Fees

User can define Charges.

Special/Other Features

User can define tax and brokerage components for the deals.

Advices / Statements are supported

Advices Supported

Payment/Confirmation Messages

Messages

OBTR supports the following outgoing type of SWIFT Messages:

MT 517,MT 518,MT 535,MT 536,MT 537,MT 540,MT 541,MT 542,MT 543,MT 544,MT 545,MT 546,MT 547,MT 549,MT 564,MT 566, and MT 580.

Also, supports the STP for following incoming SWIFT Messages:

MT 515, MT 518, MT 534, MT 535, MT 539, MT 544, MT 545, MT 546, MT 547

.