SECURITIES

When we define a CUSTOMER in CUSTOMER.SECURITY table, what is the difference between defining a CUSTOMER as type CUSTOMER and COUNTERPARTY?

Hi SpiderMan,



Entry in this table is necessary if a customer want to buy or sell the securities.



I believe a client, broker & counterpart are all the same purpose. Only to restrict and control the customers to specific transactions within the security moduloe.



I hope some other can explain in more detail


_________

In GLOBUS/T24, if a customer wants to do trade, he should have a an entry in SEC.ACC.MASTER (Portfolio).

Before creating a portfolio for a customer you need to define CUSTOMER.SECURITY in what way the customer is going to play in securities.


King Arthur

What is the difference between a transaction created through SEC.TRADE, SECURITY.TRANSFER, POSITION.TRANSFER? In which cases each file should be used?


Great power comes with great responsibilities.

The SECURITY.TRANSFER allows the transfer of a specified number of share type securities or a nominal amount bond type paper.

The POSITION.TRANSFER, on the other hand, is used to effect the movement of an entire position from one location to another.




_________

I hope this would answer for the first query?

Customer: Customer is the person who places the order

Broker: Broker is the person who actually put the order on behalf of customer at the stock exchange

Depository: Depository is the person who will maintain all the customer security related information of a customer with him and he helps for security trading.

Counterparty: The other party that participates in a financial transaction. Every transaction must have a counterparty in order for the transaction to go through. More specifically, every buyer of an asset must be paired up with a seller that is willing to sell and vice versa.




Regards;Sulthana