1.2.7 Settlement/Liquidation and completion

This topic describes about the settlement/liquidation and completion.

  1. After the associated buy/sell deals are successfully liquidated, the conversion is treated as completed.
  2. The conversion status at TIDCNVMT is designed to move from Pending to Ongoing and to Completed.
  3. Initially it will be as Pending.
  4. Then it becomes Ongoing once the Conversion Deal Input (TIDCNVTR) is saved/initiated.
  5. And becomes Completed after all related Buy/Sell deals are liquidated.

Parent topic: Introduction of Securities Conversion - Splits and Mergers