Capturing Issuance Trades

Trade counterparty. It will control the settlement and delivery instructions of the trade.

The Trade counterparty is a Legal Entity. The default role is Counterparty, however, you can change this role as applicable. Double-click the Counterparty label to change the role. You will be prompted to select a role.

You can select a legal entity of specified role provided you have set up favorite counterparties. You can also type in a character to display the favorite counterparties that start with that character. Favorite counterparties are specified using Utilities > Configure Favorite Counterparties.

Click ... to select a legal entity of specified role from the Legal Entity Chooser. You can also type Ctrl-F to invoke the Legal Entity Chooser, or directly enter a Legal Entity short name.

Trading book to which the trade belongs. Defaults to the book selected in the User Defaults.

The processing org of the book identifies the processing org of the trade.

Current status of the trade. The status is automatically assigned by the system based on the workflow configuration.

The status will change over the lifetime of the trade according to the workflow configuration and the actions performed on the trade.

Unique identification number of the trade. The trade id is automatically assigned by the system when the trade is saved.

You can load an existing trade by typing the trade id into this field, and pressing [Enter].

You can also display the internal reference or external reference. The default trade reference to be displayed can be selected in the User Defaults.

The internal reference and external reference can be set in the Details panel of the trade worksheet.

Type of trade.

Double-click the Issuance label to change to Closing as applicable.

Closing actually corresponds to ending the Issuance.

Click ... to open the Product Chooser window for selecting a bond.

The bond should have the following characteristics:

You can click Show to display the bond’s details.

Defaults to the product code selected in the User Defaults, and displays its value.

You can select another product code as applicable.

Defaults to the bond’s currency.

You can select another currency as applicable.

Defaults to Primary.

Enter the issue or closing clean price. The Dirty Price and Yield fields will be computed accordingly.

Displays the issue or closing yield.

Displays the issue or closing dirty price (price + accrual as applicable).

Displays the issue premium discount (difference between the issue and the redemption price).

Defaults to the issued quantity of the selected product.

Defaults to the issued nominal of the selected product.

The nominal should not be higher than the issued nominal.

Only applies when the settlement currency is different from the trade currency.

Enter the FX rate between the settlement currency and the trade currency as needed.

Displays the settlement amount in settlement currency.

Settlement date of the trade.

The settlement date defaults to the trade date.

Double-click the Start Date label to apply the number of settlement days specified in the selected product.

The settlement date uses the holiday calendar selected in the User Defaults to identify business days.

You can modify the settlement date as applicable.

Defaults to the trade currency.

You can modify the settlement currency as applicable.

You can use the environment property USE_ISSUANCE_CCY. When true, transfers use the product currency regardless of the settlement currency. When false, transfers use the settlement currency. Default is false.

Accrual amount.

Percentage of issuance commission. This percentage will be applied to the position at the time of coupon.

Use the Fee panel, if a commission has to be paid at the beginning of the issuance.