Some ideas on SC.DEPOT.ROUTING application

When a Bank does securities trading it needs to park each security which it has bought on behalf of the customer to the particular tax bracket in order the customer when announced divided/coupons by the company in the future are processed accordingly using the particular tax bracket which the customer belongs.

To handle this situation SC.DEPOT.ROUTING application can be used in GLOBUS which has to be configured based on COUPON.TAX.CODE of the SECURITY and where the CUSTOMER resides. The ID of the application would be the depository id (which is the actual depository who is holding the stock which is configured in GLOBUS and the bank deals for trading) and the record contains the specified conditions to be checked and accordingly to be moved to the respective tax bracket.

The Delivery module of GLOBUS takes of moving the security to the particular tax bracket based on the conditions defined in SC.DEPOT.ROUTING and sends appropriate SWIFT msg to the depository when a trade is done.
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Cheers
SATHISH

Hi all,
I have a doubt in SECURITIES Module.
After SEC.TRADE is done I would like to know how the SECURITIES are received and delivered to the parties involved in T24 and also in real case scenario.

I know that VAULT.CONTROL is used to maintain details of certificates retained by the bank. I am not able understand the real purpose of SEC.DEL.CONTROL. Is any other application which gets updated after authorization of the record in this application?

Thanks in advance.

Regards,
Vijay baskar.