Securities Tax

can anyone help me in setting up tax for securities trade...
for example in case of a dealer book buy trade where the gross amt is $100 and tax is 10% and net at comes to $110 (bank paying the tax to custodian)...where do i make the set ups for the tax percentage shown above.

A "Stamp Tax" can be defined using SC.STD.SEC.TRADE or SC.TAX.PARAMETER.

But as we have a lot of local devs around this I don't know how it works with core.
Maybe it worth asking Temenos!

hi,

i think we can deduct the tax for commission amount. if you want deduct the tax for net amount, then can you please check the tables which are start as CGT....


Regards,
Karthikeyan K

thanks Karthikeyan n Armin....but i am still not able to set up tax that will be deducted from the gross trade value..
I tried the following :
1)Created a record in the table TAX (in the field RATE gave 10%)
2)Opened a new record TXN.TAX.CODE and in the field BONDS.TAX gave the id of the TAX record.

But for the system to deduct 10% tax on gross trade amount, the record TXN.TAX.CODE has to be linked to atleast one of the element in a trade which can be anything SM, SAM, CUSTOMER.SECURITY etc etc...
But I dont knw where to attach so that the system calculates 10% as tax