6 Maintain Safe Keeping Locations

As a part of the maintenance function, you can define the various Safe Keeping (SK) Locations where securities can be lodged or withdrawn, as and when they are traded with. For every safe-keeping location that you define, you have to maintain SK accounts.

Therefore to record the movements of security held at a particular location, simply debit or credit the SK account, depending on whether the security is being lodged, withdrawn, bought or sold. Safekeeping locations can either be internal or external.

An internal location is one where the bank acts as the custodian. While maintaining details of safekeeping locations you are required to indicate whether the SK location is your bank or an external location. Basic details, of every customer of your bank, is maintained in the Customer Information Maintenance screen. Here you assign a unique CIF number to each customer so that the limit lines can be set for each customer. While defining external SK locations, indicate the CIF code assigned to the particular customer.

This aids in tracking limits for every SK location. The safekeeping locations you have maintained and authorized in this screen are in turn linked to different portfolios, through the Portfolio Definition screen. The pick list containing the location ID’s of the various SK locations, in the Deal On-Line screen, will reflect only those SK location IDs associated with the particular portfolio.

Therefore, at the time of entering a deal if you specify the SK location ID that has been linked to a particular portfolio, the SK account(s) linked to the SK location is reflected in the pick list. You can specify this SK account in the To and From fields respectively.

This topic contains the following sub-topics:

• Maintain Safe Keep Location
  This topic describes the systematic instructions to maintain safe keep location.
• KEST
  This topic describes the KEST computation, KEST type, calculation of KEST for customer sell and buy type of transactions.