19.3.1 Process Interest Coupon Details

The securities coupon definition screen allows capture of additional details of a coupon event, for the security of bond type. The details that are displayed in this field (such as the Internal action ID, the Internal Security ID and description, the event date, etc.) are picked up from the Security Definition screen. You are only allowed to amend existing details, like the currency in which the issuer would make the cash payments, the exchange rate between the security currency and the issuer payment currency and the date on which the exchange rate will be announced.

1. On the Home page, specify SEDXCPND in the text box, and click next arrow.

   Coupon Maintenance screen is displayed.

   Figure 19-5 Coupon Maintenance

   
   Description of "Figure 19-5 Coupon Maintenance"
2. On the Coupon Maintenance screen, specify the fields.

   If you are calling a coupon maintenance record that has already been created, click on Summary view. The details of existing records will be displayed in a tabular form. From the Summary highlight the record you wish to view details of and double click to open it. To amend the details of an existing coupon, click on unlock icon in the toolbar or choose Unlock from the Actions Menu.

   Note:

   You are allowed only to amend the details of future dated records that are not yet confirmed. Once a record is authorized and confirmed it will be processed as of the event date. You will not be allowed to make any changes to a confirmed record.

   Exchange Rate and the Exchange Rate Fixing Date

   If the issuer payment currency is different from the security currency, then you can specify the exchange rate between the security currency and the issuer payment currency. In addition, you can also indicate the date on which the exchange rate between the security currency and the issuer payment currency will be announced. The exchange rate that you define in this screen will be used for conversion when the security is being processed. If no exchange rate has been maintained, then the mid-rate will be used for conversion.