T24 Securities Introduction

T24 Securities Introduction
TEMENOS EDUCATION CENTRE

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Copyright © 2010 Temenos Headquarters SA
T24 Forex Introduction
Agenda
1 Learning Objectives
2 Overview
3 Static Tables
4 Product Features
5 Input of transactions
6 Standard Enquiries and Reports
Repo
8 Repo
3
Objectives
Overview on Securities business
Linkage to Static tables
Important features of SC module
Mandatory and Optional Information to be Input
Standard Enquiries
Standard Reports
Slide 4
Agenda
2 Overview
3 Static Tables
4 Product Features
Repo
8 Repo
5
Securities - Product Overview
Securities Products Security Entities Portfolio
SECURITIES
Trading Corporate actions Valuations
Buy Sell Dividend Coupon Accruals Amortisation
Transfer Settlement
Bonus Redemption Revaluation Holdings
Mergers
Slide 6
Securities - Overview
External feed
Price input
Manual
Security
Price Types
Shares - Bond-
Normal/ T-bonds,
preference Govt bonds
…. …..
Normal Unit /Percentage

Fixed
rate
Multiplying
Discount Factor Maturity
Floating date
rate
Yield Interest
Factored payment
rate dates
Slide 7
Securities Players - Overview
Portfolio
Customer Type
Customer Own book

Customer
Broker
Discount Accruals Interest Accruals
Depository
Discount Amortisation Revaluation

Counterparty
Slide 8
Securities – Trading Operations business flow
Order Order Placement

transmitted Off Market trades
to broker
Broker Execution of the

confirmation order
Confirmation
Direct from
Input of depository
trade Message to
depository
Completion of Settlement of
trade trade
Transfer between Position Transfer

portfolios/depositories
Security Position
Slide 9
Securities – Corporate actions Overview
Event Holdings
Divedends
Cash
Coupons….
Bonus
Stock Entitlements
Rights….
Reinvestment
Multiple Options
Takeover….
Slide 10
Securities – Valuations Overview
Online
Valuations of the portfolio
Batch processing
Discount accruals Capitalisation

Interest accruals
Discount accrued Revaluation

Interest accrued
Market price changes Currency exchange Sale of securities

rates
Slide 11
Agenda
2 Overview
3 Static Tables
4 Product Features
Repo
8 Repo
12
Securities Core Dependencies
 The following applications/functionalities will be used by the

Securities module:
 CUSTOMER
 ACCOUNT
 HOLIDAY
 CURRENCY
 FT.COMMISSION.TYPE
 TAX
 ACCOUNTING
 LIMITS
Slide 13
Securities Files
 Entities -
 STOCK.EXCHANGE,CUSTOMER.SECURITY
 Product
 SECURITY.MASTER
 Portfolio
 SEC.ACC.MASTER
 Parameter
 SC.PARAMETER
 SC.STD.SEC.TRADE
 Process
 SEC.OPEN.ORDER
 SC.EXE.SEC.ORDERS
 SEC.TRADE
Slide 14
Agenda
2 Overview
3 Static Tables
4 Product Features
Repo
8 Repo
15
Settlement
 In actual practice, settlement might happen after the value date.

Hence the need for this setup
 Parameter setup for both trade/value dated accounting systems
 Accounting for settlement takes place on the settlement date and
on value date suspense entries get raised
 Position updates holds the settled/unsettled details
 Automatic settlement can be setup
 COB processing for automatic settlement can be done
 SOD accounting can be setup
Slide 16
Security position files
 SECURITY.TRANS
 Transaction wise position details
 SECURITY.POSITION
 Portfolio/security/depository wise details of the securities held by the
portfolio
 The position of the securities
 Needed for the purpose of valuation
 SC.TRADING.POSITION – own portfolio
 Balance details
 For interest accruals & discount processing
 Revaluation of portfolio
Slide 17
Revaluation
 For own book portfolio – marked to market valuation of the

position with respect the market price fluctuations
 Accounting of the revaluation
 Position updates
Slide 18
Off market trades
 For initial takeover of the transactions/positions by the bank from

legacy system
 Subsequent off market transactions to be handled by T24
 Contractual/actual settlement
Slide 19
Position transfer
 Transfer of positions from

 One customer to another
 One portfolio to another
 Depository to another
Slide 20
Valuation
 Online valuation of a portfolio

 Valuation by Department officer
 Batch valuation of portfolio
 Used for portfolio management.
 Fee calculation
Slide 21
Corporate actions
 What is Corporate actions?

 Any event which brings material change to a stock
 Setup
 Parameter for defining the characteristics of each event of corporate action
 Different types – RIGHTS,COUPON,DIVIDEND, etc
 Flow
 Capture the declaration of the event – manual or external feed
 Creates the entitlements of the portfolio based on the holding as on a
particular date
 Options to be exercised by the portfolios
Slide 22
Corporate actions
 Service agents
 Corporate actions processing using service agents
 Accounting
 Contractual or actual
 Receipt of cash/security from the depository
 Position updates
 Based on the event, security position to be updated
 Tax setup
 Events could be gross/net
 Tax for the event should be parameterised.
 Tax setup based on the customer residence/status
Slide 23
Corporate actions
 Delivery
 Message generation to the depository
 Actual settlement
 Linked to the SC.SETTLEMENT file for actual settlement
 Appropriate accounting and position updates
 Special types.
 Specific rounding of nominals
 Handling of short position
 COB Processing
 For fixed events namely coupon/redemption can be included in parameter
for processing during COB
Slide 24
Fees
 Management fees
 Safekeeping fees
 Setup of parameters.
 Fees based on customer type
 Fees based on the security type
 Calculation frequency
 Monthly accruals
 Look up files
 For balances on which fees charged
 Posting of fees
 Service agents defined to bulk posting of the fees
Slide 25
Limit
Slide 26
Miscellaneous
 STP
 Straight through processing
 BOND LENDING
 BLOCKING
 Corporate Actions Standing instructions

 For events with option exercisable by the portfolio, standing instructions can
be used
Slide 27
Miscellaneous
 US SETTLEMENT
 Within actual settlement raising of broker position can be parameterised
 In the above scenario the following features can be handled
 STOCK RECONCILIATION
 SHORT SALE & COVER IN REPO
 STOCK BORROW/LEND IN REPO
Slide 28
Agenda
2 Overview
3 Static Tables
4 Product Features
Repo
8 Repo
29
Securities – Input of transactions
Define Participants
Define Papers
Define portfolios
Process Trading Flow
Slide 30
PARTICIPANTS
Copyright © 2006 TEMENOS HEADQUARTERS SA 31

Participants
The main participants in the market are

Participants Related file in T24
• Stock Exchange STOCK.EXCHANGE
• Customer
• Depository
• Broker CUSTOMER.SECURITY
• Counterparty
• Client

Stock Exchange
Record set up for all Stock Exchanges and will define:-

• Settlement days
– Number of days to default the value date for a trade
• Settlement basis
– Basis for the above calculation which could be
• Fixed
– If FIXED, a STK.EXCH.CALENDAR record must be set-up for ranges of
dates and the subsequent settlement date
• Business
• Calendar

STK.EXCH.CALENDAR
The first part of the ID (065)

from STOCK.EXCHANGE &
the second half (2002)
represents the year
For ALL trades between from

& to date, the value date will
be the settlement date

Workshop 1
Create a STOCK.EXCHANGE record with the following details:
• ID from 300 onwards

• Settlement days as 1 business day
• Broker charges for all bonds with SCSKBOND and for all shares
SCSKEQ
• Authorise the record

Workshop 1 Solution

CUSTOMER.SECURITY
• Enables CUSTOMER use of SC Module so MANDATORY input

• Identifies trading relationship by setting:
• Customer Type
– Customer
– Client
– Counterparty
– Broker
– Depository
Can be multi valued to allow a customer to act in more than one
capacity
• E.g.. Broker & Counterparty

Workshop 2
• Input a new CUSTOMER record

• Use SECTOR code as 1001
• Use the PMB User menu – Securities – front office- client
maintenance – customer securities data
• Input a CUSTOMER.SECURITY record as “Customer” type
• Input the default depository for the customer with the existing
depository

Workshop 2 Solution

Workshop 3
• Create a CUSTOMER record

• Use PMB admin menu- securities – counterparty maintenance –
broker maintenance – broker securities data
• Input CUSTOMER.SECURITY record with “BROKER” type
• Use existing FT.COMMISSION.TYPE records ( namely
SCBROKCOM)

Workshop 3 Solution

Workshop 4
• Input CUSTOMER record

• Input CUSTOMER.SECURITY record type “DEPOSITORY”
• Note that an error is raised unless the depository group in the
CUSTOMER.CHARGE record for the Customer is input

Workshop 4 Solution

Workshop 4 Solution

SECURITY.MASTER

Papers
• SECURITY.MASTER
– Defines Security on T24
– Common file for all types of Securities but some fields are only valid
for particular types of security (bonds, shares)
– Many elements available to support world-wide securities
requirements
• SECURITY.SUPP - optional record for additional information like

YTM, Duration

SECURITY.MASTER
• SECURITY.MASTER contains the details of the security

such as
– Shares or Bonds
– Security Domicile/ currency
– Default depository
– Stock exchange
– Trading units
– Price
– Classification of asset
– Tax code
– Others

SECURITY.MASTER dependencies link
• Fields in the SECURITY.MASTER with the dependencies file

PRICE.TYPE
PRICE.TYPE
PRICE.UPDATE.CODE PRICE.UPDATE
SUB.ASSET.TYPE SUB.ASSET.TYPE ASSET.TYPE
RATING (if any) EB.RATING
SC.INDUSTRY
INDUSTRY
MARGIN.CONTROL (if any) MARGIN.CONTROL
COUPON.TAX.CODE COUPON.TAX.CODE

PRICE.TYPE
• Relates the nominal to market price quotes

– UNIT/PERCENTAGE
• Whether the price is a percentage price or unit price
• Can be NO only for CALC.METHOD as PRICE
– MUTIPLY.FACTOR
• The multiplying factor with the price
– CALC.METHOD
• Defines the calculation formula for the purpose of consideration
– PRICE ( percentage can be Y or NO) , cannot be discount instrument
– DISCOUNT
» A RATE has to be included instead of PRICE Percentage must be YES
– YIELD Discount must be YES
» Yield rate to be included instead of price
– DPRICE
» Price to be given for consideration
» Discount/premium calculated for dealer book

PRICE.TYPE
• DISC.INSTRUMENT
– If specified as YES, then daily amortisation/accrual of discount (for
Own Book) will take place (subject to appropriate Portfolio settings)
– Cannot be used for PRICE
– Percentage has to be Y
• PRICE.BASIS
– Whether the price includes or excludes accruals (in the case of
bonds)
• INCL.INT
• EXCL INT

Examples
• For the following, multiply factor is 1 and nominal 10000, then

calculation of consideration will be as under:
– PRICE – At a price of 95 without percentage

• Gross amount = 10000*95 = 950000
– PRICE – At a price of 95 with percentage as YES
• Gross amount = 10000*95/100 = 9500
– DISCOUNT – At a rate of 5
• Gross amount = 10000 – 10000*5*days to mat/days denom *100
– YIELD = At a rate of 5 (excluding accrual)
• Gross amount = 10000+ coupon for period/(1+ 95*days to mat/days
denom*100)

ASSET.TYPE/SUB.ASSET.TYPE
• ASSET.TYPE
– GROUPS the securities product
• SUB.ASSET.TYPE
– SUB.ASSET.TYPE record linked to ASSET.TYPE record
Used in Securities and Asset Management to
• Control the definition of groups for accounting key formations
• Control charging and fee structure
• Set-up margin rates
• Structure portfolio valuations & reports
• Structure Asset allocation in portfolio modelling

ASSET.TYPE/SUB.ASSET.TYPE
For valuation purpose

the link to other
modules
Definition of margin
rates based on the
parameter setup

SECURITY.MASTER
• BOND.OR.SHARE
• The topmost classification of the security
• SECURITY.CURRENCY
• SECURITY.DOMICILE
• DEFAULT DEPOSITORY
• As defined in CUSTOMER.SECURITY
• The depository where the security is normally held
• STOCK.EXCHANGE
• Default Stock Exchange for the security
• LAST PRICE/DATE
• The last quoted price along with the effective date

SECURITY.MASTER
• MINIMUM.HOLDING
– Allows definition of minimum Own Book position
• TRADING UNITS
– The minimum/multiple units for security to be traded in
• PAR.VALUE
– Mandatory for a share/optional for a bond
– Represents the stated value of the security (I.e.GBP1, USD50 per
share)

Workshop 5
• Input a SECURITY.MASTER for a share

• Make use of the following fields-
– Security currency as USD
– Trading units as 100
– Price type as 0
– Last price at 99
– Stock.Exchange defined in Workshop 1
– Default depository as setup in Workshop 4

Workshop 5 Solution

SECURITY.MASTER - BOND
Special characteristics of a bond are

– coupon details like rate, date
– Maturity dates
• INTEREST.RATE/RATE.CHG.DATE
– Interest rate applicable and date floating rate due to change
• INTEREST.DAY.BASIS
– Components of day basis to be used for interest calculations
• NO.OF.PAYMENTS
– Indicates the number of coupons payable per year (annual, semi-
annual, monthly)

Interest Basis
• Determines the components of interest calculations
• Hard coded in T24
• Includes exact number of days
• Includes leap days and leap years

Interest Basis
• Different Interest day basis for calculation of interest possible

depending on the methods followed for calculating number of
days and days in a year
– A3 360/360 Period varies according to start and value dates
– O = French OAT
Calculation is ACT/ACT
Rounded to 3 decimal places
– U = USTRSRY used in US Treasury Bills
Denominator = Numerator * No of days
in interest period
– 3 different methods in C explained next

Interest Basis
• C366/366
– Under Straddler method T24 will consider the denominator as 366
days for a leap year, only if the month of February falls in between
the accrual start date and the next interest payment date
– Interest for 1 Jan 2008 to 30 June 2008 will have denominator as
366 while for 1 July to 31 Dec it will be 365
• C1 366/366
– The denominator will be considered as 366 if the either the accrual
start date or interest payment date falls on a leap year.
• C2 366/366
– Split divisor method of calculation
– The denominator for the coupon period that falls on the leap year
will be considered as 366 and for the coupon period that falls on
non-leap year must be considered as 365.

SECURITY.MASTER - Bond
– ISSUE.DATE
• Date of issue of bond
– MATURITY.DATE
• The maturity date of bond
– INT.PAYMENT.DATE
• Date of next interest due date
• Based on number of payments, during COB, the dates get cycled after
the first payment date
– ACCRUAL.START.DATE
• Indicates previous interest payment date
• Used in accrual calculation as the “From” date

Workshop 6
• Input a SECURITY.MASTER for a bond

• Use the following conditions:
– Rate of interest of 5% with quarterly interest payments and
maturing in 5 years time
– Include the existing Stock Exchange 065
– Default depository – created in the earlier workshop

Workshop 6 Solution

SEC.ACC.MASTER

PORFOLIO
• Defined in SEC.ACC.MASTER (SAM)

• Must be opened when a Customer wants to maintain a portfolio
or for the Bank’s own trading accounts
• CUSTOMER.SECURITY record must exist before portfolio
opened
• Accounts attached to portfolio to be opened. Can also be added
subsequently (additional currencies introduced)
• Portfolio number is Customer number followed by a sequence
number
• A customer can have multiple portfolios

Portfolio
2 different types of portfolio
• Customer portfolio
– Setup for private Customers
• Own Book portfolio

– Setup for the Bank’s own dealings in the securities market
– Details for accruals/revaluation
– Bank must exist on CUSTOMER file

SEC.ACC.MASTER
SAM – DEPENDENCIES
• CORE
– CUSTOMER
– CUSTOMER.SECURITY
– ACCOUNT
• INVESTMENT.PROGRAM
– Linked to INVESTMENT.PROGRAM
– Description of investment policy
– Used for definition of standing instructions for corporate actions

SEC.ACC.MASTER
• MANAGED.ACCOUNT
– Linked to MANAGED.ACCOUNT
– Types of portfolio
• Managed, Non Managed, Advisory
– Used in fee calculation (e.g. grouping, application of discounts)
• DEPT.ACCT.OFFICER
– Description of area of responsibility
– Set-up of hierarchy / departmental level
– Can be used for fees grouping at posting

SAM - Customer
• REFERENCE.CCY
– CURRENCY used for valuation
– A NOCHANGE Field
• ACCOUNT.NOS
– Accounts need to be linked to portfolio
– At least one account number to be specified for a non MEMO account
– Same account cannot be used for different portfolios
• Account default rules
– Rules for defaulting of account numbers
• Module level
• Transaction type level
• ALL

SAM - Customer
DEPT.ACCT.OFFICER
INVESTMENT.PROGRAM
file
MANAGED.ACCOUNT
file
at least 1 ACCOUNT NO to be
attached to the portfolio

SAM - Customer
• VALUATION.AMT
– Current portfolio valuation
• MARGIN.VALUE
– Margin calculation based on the related
SUB.ASSET.TYPE/SC.CALCULATE.MARGIN
• DATE.OF.VALUATION
– Calculated by T24 when a valuation report is run ONLINE/ COB
• COMPARE.FREQ
– Frequency of comparison with Model portfolios

SAM - Customer
• DEFAULT.DEPO
– Definition of settlement instructions by portfolio
– Fields selected from SECURITY.MASTER
– Multiple conditions can be included
• BLOCKING.DATE/NARR
– Date from which movement of securities in/out of portfolio blocked
– Subsequent activity subject to Override

SAM - Customer
• CREDIT.CHECK
– Working Balance
– Available Balance
• AVAILABLE.BAL.UPD
– Both
– None
– Credits
– Debits
• CLOSURE.DATE
– Used for fess calculation in case a closure date is given for a SAM
record

Workshop 7
• Create 3 accounts in USD/GBP/EUR for Customer defined in

CUSTOMER.SECURITY in Workshop 2
• Create SAM for the Customer attaching these accounts
• Define EUR as the reference currency.
• Define the USD account as default for securities buy transaction.

Workshop 7 Solution

Workshop 7 Solution

SAM – Dealer Book
• Bank’s own portfolio dealing book

– Identified by the value in the field DEALER.BOOK
• Asset & Income categories
– Identifies the account to post entries relating to assets
purchased/sold
• Interest Categories/account for accruals/P&L
– Could be either a PL category or an internal account
• Coupon payable/receivable & adjustment categories
– The categories for coupon payments on the interest payment date
• Category for Capitalisation of interest
– Deals with capitalisation of interest for compounded/factored type of
bonds

SAM – Dealer Book
• P&L categories for realised profit/loss

• P&L categories for unrealised profit/loss
• Provision account for unrealised profit/loss
– Based on the setup in SAM in the field POST.UNREAL.PL
– Setup for revaluation
• Contingent category for realised P/L
– Categories specified provided the parameter file
SC.STD.SEC.TRADE is setup

SAM – Dealer Book
Dealer book
Interest account
Interest
Realise capitalisatio
d PL n category
Interest
category
Coupon
categories
Unrealised PL & Contingen

provision account for t Realised
revaluation entries PL

SAM – Dealer Book
Fields relating to Discount/Premium processing:

• ACCRUE.DISCOUNT
– Specify whether discount processing is YES/NO
• DISCOUNT.CAT
– The category to post the discount/premium accrual/amortised
– Single category for both debits and credits
– No distinction by type of security
• LINEAR.COMP.ACCR
– Linear method
• Simpler. Same amount until position changes or matures
– Compound method
• Based on Yield to Maturity (held on SECURITY.SUPP).
• Better measure of risk as risk decreases closer to maturity

SAM – Dealer Book
• POST.DISC.UPFRONT
– Specify whether discount is posted upfront
– If Yes, Amortisation takes place, otherwise accruals posted
• DISCSOLD.TO.REALPL
– Posting of discount to realised PL on sale of securities

SAM – Dealer Book – Discount

SAM – Dealer Book
• PORTFOLIO.TYPE
• Trading
• Investment
• Avail.sale
– The unrealised category can be set as an internal account
category
Also option “Placement” available: could be used to isolate Primary Market

(new issues) distribution from Secondary Market trading for positions and
P&L calculation

SAM – Dealer Book
Mark to Market frequencies and types

• REVALUATION
– YES/NO: triggers revaluation process
• REVAL.POST.METHOD
– If set as ADJ, then the revaluation entries are raised only for the
adjustment value
– If set as I/O, then the previous entries are reversed and fresh
entries raised for the revised amount every day during COB
• REVAL.FREQ
– Frequency of revaluation
• POST.UNREAL.PL
– BOTH/LOSS/RVAL/LOWER.COST/NONE

TRADE PROCESS FLOW

TRADE PROCESS FLOW
• SEC.OPEN.ORDER
– Type of order
– Date/Time of order
– Customer and security details
• SC.EXE.SEC.ORDERS
– Execution of order
– Broker details
• SEC.TRADE
– Completion of trade

Process flow chart
Direct Input of a trade
SEC.OPEN.ORDER
Order
transmitted Execution details
Executed order
authorised
SC.EXE.SEC.ORDERS SC.EXE.SEC.ORDERS SC.EXE.SEC.ORDERS

$NAU LIVE $HIS
Balance Partly executed order Completed order

nominal
unfilled in
IHLD status
SEC.TRADE

SEC.TRADE
• ID prefixed with SCTRSC followed by YYJJJABCDE, where

• YY is the year of the transaction
• JJJ is the Julian date
• ABCDE
– Sequence number
– Can be parameterised to have alphanumeric sequence

SEC.TRADE
Direct input of trade:

• Security Details
– The stock to be traded
Based on the above, details default as follows (can be amended):
– Currency traded
– Default Depository
– Stock Exchange
– Price defaults if SC.STD.SEC.TRADE (DEF.CUST.PRICE) is Yes
– Interest particulars (dates, rate)
• Trade/Value Date
– Based on the Stock Exchange traded, the value date is calculated
from trade date (defaults today, but can input past date)

SEC.TRADE
• Customer Details
– Multiple customers can be used (mix of Customer and Own Book)
– Type of transaction
• Buy/Sell – Valid type from SC.TRANS.TYPE
– Portfolio number
• First SAM record and has to be input by user for other portfolios
– Account No
• Defaulted from SAM but user amendable
• Can be different from the trade or security currency
• XXX–CRF-00 defaults for Own Book (where XXX represents Currency
of trade. CRF is term for general ledger)

SEC.TRADE
– Nominal
• Quantity of the security traded
• Validated with trading units in SECURITY.MASTER
– Price
• Defaulted from SECURITY.MASTER or user input
– Charges defaulted (user amendable)
– Based on security details interest amount is calculated by T24
• Calculates interest up to the value date from the last accrual date

SEC.TRADE
Currency details
• The security currency is defaulted from SECURITY.MASTER
• The account currency defaulted from the SAM
• The broker account defaulted from the NOSTRO for the security
currency
• User can amend any of the above to other accounts which could
be same or different currency
• If different, exchange rate for conversion defaults from currency
record but can be amended by user

SEC.TRADE
• Price
– Can be different when multiple Customer/Broker is used
– Dealer book – price different between Broker/Customer NOT
allowed
• Delivery instructions
– Setup in the file SC.DEL.INSTR
– Customer side always considered DVP
– Defines how securities and cash to be treated
– Determines the type of message to be sent to the Depository
• Contractual/Actual Settlement
– Yes or No for both Customer and Broker

SEC.TRADE
• T24 updates/calculates the following into the trade:

– Interest accrual
– Gross amount
– Charges – Customer/Broker
– EBV fees
– Stamp tax
– Arrives at NET AMOUNT

Workshop 8
• Input a direct purchase trade of 100,000 quantity of a bond for

your customer and Portfolio and Security created earlier.
• Use Customer details section to input own book, price and
quantity.
• Use Broker details section to indicate your customer as Broker
for the same quantity.

Workshop 8 Solution

Agenda
2 Overview
3 Static Tables
4 Product Features
5 Input of Money market deals
Repo
8 Repo
98
Enquiries
 Own Book Security Trading

 List Own Book Portfolios
 Own Book Positions
 Own Book Portfiolio
 Corporate Actions
 CA Monitor
 Security Positions by Val Date
 SC Positions
 Security Position Summary
 Securitiy Holdings by Portfolio
 Security Positions by Security
 Security Position by Depository
 Own Book Position
 Online Valuation (Cost)
Slide 99
COB Reports
 Corporate Actions Warnings

 Coupon/ cash dividends warning list
 Bond redemption warning list
 Valuation reports
 Trading position valuation report
 Other Reports
 Sec Price changes Report
 Security Short Positions
 Reports on Overdue Events
 Stock Rec Activity Report
Slide 100
Summary
 We have so far seen
 Dependencies and linkages between MM module and T24 Core and other
applications
 Main business features of the Money Market module
Slide 101
Thank You
TEMENOS EDUCATION CENTRE
NOTICE
These training materials are the copyrighted work of Temenos Headquarters SA and other companies in the TEMENOS
group of companies (The Copyright Owner). The training materials contain protected logos, graphics and images. Use of
the training materials is restricted solely for use by licensed end users, partners and employees. Any un-licensed
reproduction by any means, redistribution, editing, transformation, publishing, distribution, or public demonstration of the
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T24 Securities Introduction

TEMENOS EDUCATION CENTRE

6 Standard Enquiries and Reports

Overview on Securities business

Linkage to Static tables

Important features of SC module

Mandatory and Optional Information to be Input

6 Standard Enquiries and Reports

Securities Products Security Entities Portfolio

Trading Corporate actions Valuations

Buy Sell Dividend Coupon Accruals Amortisation

Normal Unit /Percentage

Customer Own book

Discount Amortisation Revaluation

Order Order Placement

Broker Execution of the

Transfer between Position Transfer

Valuations of the portfolio

Discount accruals Capitalisation

Discount accrued Revaluation

Market price changes Currency exchange Sale of securities

6 Standard Enquiries and Reports

 The following applications/functionalities will be used by the

6 Standard Enquiries and Reports

 In actual practice, settlement might happen after the value date.

 For own book portfolio – marked to market valuation of the

 For initial takeover of the transactions/positions by the bank from

 Transfer of positions from

 Online valuation of a portfolio

 What is Corporate actions?

 Corporate Actions Standing instructions

 SHORT SALE & COVER IN REPO

 STOCK BORROW/LEND IN REPO

6 Standard Enquiries and Reports

Process Trading Flow

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The main participants in the market are

• Stock Exchange STOCK.EXCHANGE

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Record set up for all Stock Exchanges and will define:-

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The first part of the ID (065)

For ALL trades between from

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Create a STOCK.EXCHANGE record with the following details:

• ID from 300 onwards

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• Enables CUSTOMER use of SC Module so MANDATORY input

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• Input a new CUSTOMER record

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• Create a CUSTOMER record

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• Input CUSTOMER record

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• SECURITY.SUPP - optional record for additional information like

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• SECURITY.MASTER contains the details of the security