Entering Data for Giving Notice

Use

Some bonds include call rights for the issuer and/or for the bondholder.

You enter the call rights agreed in the terms of the issue on the Notice tab page in the class data.

You represent the exercise of these call rights within the agreed notice periods in the system using the Exercising Security Rights function.

Procedure

The screen for entering notice data is divided into two parts:

  • A table for entering the notice periods of the issuer

  • A table for entering the notice periods of the bondholder

The procedure for entering the notice periods is the same for both the issuer and the bondholder:

  1. Choose .

  2. Enter the notice period from/to.

  3. Enter the Notice rate . This is the rate (or price, for unit-quoted securities) at which you repay the bond when you give notice.

  4. Enter a description for the notice.

  5. Save your entries.

Note Note

You can enter any number of notice periods for a class.

End of the note.

Result

When you save the notice data in the class data, the system generates the relevant rights in the Exercising Security Rights function, regardless of whether a position already exists for this class.

There, you find the call rights of the issuer under Callable bond . You find the call rights of the bondholder under Puttable bond .