Imported from previous forum
[ original email was from Raj Patel - raj.t.patel@hsbcgroup.com ]
Hello,
REQUEST
Following on from a discussion with Dean Kuffman on bargain conditions,
Can The Stipulation group be added to the Trade Capture report and a new stipulation type be added to the list of valid type (‘BRGCON’) for this field (tag 233) to allow bargain conditions to be part of the message.
Some Information for this request
We have been looking at the use of the Trade Capture Report to report Bond trades with bargain conditions. There is no specific field available but after talking to Dan Kauffman the Stipulations structure was added to the trade capture report (not previously there) enabling us to publish trades with bargain conditions.
The Bargain Conditions are recognised by the London Stock Exchange codes and include the following valid values;
‘CD’ Special cum Dividend
’XD’ Special ex Dividend
’CC’ Special cum Coupon
’XC’ Special ex Coupon
’CB’ Special cum Bonus
’XB’ Special ex Bonus
’CR’ Special cum Rights
’XR’ Special ex Rights
’CP’ Special cum Capital Repayments
’CS’ Cash Settlement
’SP’ Special Price
’TR’ Report for European Equity Market Securities in
accordance with Chapter 8 of the Rules.
‘GD’ Guaranteed Delivery
’XP’ Special ex Capital Repayments
We added the stipulations group and defined a new Stipulation type =‘BGNCON’ for Bargain Conditions’ allowing us to publish the information in the Trade Capture Report.
Thanks & Regards,
Raj T Patel
PS Please see the General Q/A discussion under the subject ‘Bargain conditions’ for more information on this request or please contact me.