9.8 Product Code - SL01
SL01– Standalone Lodge
Business Scenario
The Floating 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 SL01 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 SL01 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)
Interest
The interest component is created for the product. The component is created with the name INT_GS.
MIS
The MIS details are not captured in this product.
Fields
There are no UDF details available for this product
Portfolio details
- Issuer, customer and bank portfolios could be defined.
- WAC, LIFO, FIFO, DM costing methods can have for each type of portfolio
- Capturing Revaluation details for the portfolio
- Capturing customer, currency or branch level restrictions
- Capturing the discount/premium accrual details
- Capturing the forward profit and loss accrual details
- Defining the interest accrual details – different frequencies and types such as constant yield, exponential and straight line.
- Defining the limit tracking details
- Advice details
Events Covered
Table 9-5 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 |
Parent topic: Product Catalog - Treasury Securities Instrument