Issuing programs in Fairways Debt enable you to manage short-term zero-coupon bonds, i.e. certificates of deposit, or vanilla bonds, e.g. schuldscheins, medium-term notes, European medium-term notes, and European commercial papers.
An issuing program is an envelope which defines the global characteristics of the single bonds (including the maximum principal amount of the program).
In Fairways Debt, the issuing program counterparty is a generic counterparty called Market.
Prerequisite
- Enable the Issuing Program transaction type (contact your Finance Active consultant)
Navigate to the Debt & Derivatives Application
- Log in to your Fairways Debt account.
- Select a customer account.
- Navigate to Applications > Debt & Derivatives.
Create an Issuing Program
- Click Add Transaction > Issuing Program > Issuing Program.
- Complete the form with all relevant details.
Note: Fields marked with an asterisk * are mandatory.
|
Field |
Description |
|---|---|
|
Transaction Reference Code |
Identifies the transaction in the portfolio. Note: The reference must be unique among all the entities managed in the account. |
|
External Reference Code |
Used by external systems to identify the transaction. Used when transactions are imported from or exported to another system. |
|
Bond Type |
Bonds to issue. |
|
Initial Limit |
Maximum authorized amount for all bonds issued through the program. |
|
Currency |
Reference currency. |
|
Issuer |
Issuer entity in the system. |
|
Issuing and Paying Agent |
A third party, usually a commercial bank, which accepts the payments from the issuer and then distributes the related amount to the holders of the bond. |
|
Field |
Description |
|---|---|
|
Trade Date |
Date at which the transaction has been traded. From that date, the system takes the transaction into account as an item of the portfolio. |
|
Start Date |
Unadjusted start date of the transaction. |
|
Maturity Date |
Unadjusted maturity date of the transaction. |
Enter the required custom attributes, if any.
- Enable Show Details after Validation to automatically open the new transaction profile once created.
- Click Apply.
The new issuing program displays in the draft portfolio.