Security window

Basic info tab allows you to define basic properties of a security, such as name and code of the security. A red star indicates that a field is mandatory. Based on the selected security type (and its base type), the available fields vary slightly - some fields are only available on certain types of securities, and some types of securities have a more limited set of fields available.

The fields available are:

Code*. An individual code defined for the security. The security code separates the security from other securities (the system does not allow more than one security with the same security code). The code is used to identify the security and search for the security from the system. Best practice is not to include special characters into the security code - only use numbers and letters (a-z).

ISIN code. The ISIN code of the security: also the ISIN code together with the trade code can be used to update market prices to the security.

Name*. Name of the security.

Status*. Choose the status from the alternatives: Closed, Passive or Active. Only active securities are shown in the Basic view, and only active securities can be chosen in the Transaction window - all securities can be searched in the Securities view.

Type*. Choose the type of the security from the alternatives. The drop-down menu shows security types defined in Security type Preferences. When changing the type of the security from a base type to another (e.g. changing a bond to be a stock) also clears the information that is not supported by the new base type (in the example above, all bond-specific information would be cleared since not supported by the base type stock). You can see the list of security types used in Standard Solution in FA User guide: Standard security types .

Sub type. Subtype of the security from the alternatives, which are defined in Security type Preferences. Only the subtypes defined for the selected security type are visible in the drop-down menu - subtypes define even further the selected security type.

Base currency. Only available for securities with the base type CURRENCY_CROSS. Base currency allows you to select the base currency of your currency cross, i.e. for a currency cross EUR/USD, your base currency would be EUR - for this currency cross, set the quote currency USD to the Currency field.

Currency*. Choose the currency your security is quoted in, i.e. the quote currency. All securities of the basic type currency are listed in the drop-down menu. You can see the list of currencies that are available in Standard Solution in FA User guide: Currencies (ISO 4217) .

Country. Choose security country from the alternatives, which are defined in Countries Preferences. The country of the security affects the taxation (corporate action) transactions: the country of the security related to a corporate action affects the taxation of the transaction.

Marketplace. Choose the marketplace of the security from the alternatives, which are defined in Marketplace Preferences. The marketplace indicates, where the security is traded.

Trade code. Define a trade code for the security, which can be used to for example automatically update market prices to the security.

Update code 1, 2 and 3. Update codes are used in updating market prices for a security: the different update codes allow market prices to be imported and saved from different sources. The update code of the primary market data source should be defined in the Update code 1 field and so forth. The update codes are used when importing market prices: the imported market prices are saved in the right column on the Market data info tab based on the update codes defined. If market prices are automatically fetched from an external market prices source, one of the update code fields is reserved for the update code used by the external source.

Settlement place. Choose the marketplace of the security from the alternatives, which are defined in Settlement place Preferences. The settlement palace indicates, where the security is settled.

URL and URL 2. You can define for example links to security brochures.

Rating. Define the security's rating.

Tenor. Select a tenor for your interest rate security. Tenors are used when building yield curves in Yield curves Preferences to determine the duration / maturity of the interest rate.

Block size. Define the trade unit of the security. When equal to or less than one, the block size also affects the decimal places allowed for created cash transactions and trade orders. If no block size is defined, the allowed decimal places come from the security type preferences (see Security types). For example, if the block size is set to 0,01 the amount of the security in a transaction or trade order can be defined with two decimals, or if the block size is set to 1, the amount of the security in a transaction or trade order can be defined only with whole numbers.

You can also define the decimal places to use in transactions created against a certain account. For details, see Accounts.

Multipliers allow you to handle situations where you want to manipulate the unit prices you enter in the system:

For bonds, you usually define the multipliers as 100 and 100 - the first multiplier divides the price you receive to use it in calculations (e.g. 198,50 / 100 = 1,9850), and the second multiplier multiplies the value back to show it correctly to the user (e.g. 1,9850 * 100 = 198,50). For some funds, you might want to define only the first multiplier as 1000, if you receive your prices as thousands but want to show them as you use them i.e. as ones, to you user (e.g. 1 653 / 1 000 = 1,653). If you define only the first multiplier, close prices you receive on your security are divided with it, but you can still enter prices manually (such as unit price of a transaction, manual price of a security, etc.) "as ones" instead of "as thousands", i.e. without the first multiplier effect.

Holiday calendar and Settlement date offset allow you to flexibly control on the security level which days are considered holidays and how many days the security takes to settle. Holiday calendar and settlement date offset are used for accrued interest and coupon calculations for bonds and for calculating the settlement date for trades in the security, i.e. how many business days trades for the security take to settle, and which market’s holiday calendar is used to determine these business days. For example, you can configure specific securities to settle in t+2 in a certain market, while others might settle in t+3 in another market.

Outstanding units. The number of shares outstanding. This value is used to calculate a Holding %available as a column in position listings.

Votes per share. The number of votes this security has per share. This information is used to track the number of votes in a portfolio or in contact's holdings and produce reports to financial authorities in case the percentage of owned votes exceeds or goes below certain limits.

Issuer. The issuer of the security from the alternatives. Issuers are defined in the system as contacts with the type Issuer.

Issuer description. The security issuer description.

Linked portfolio. The portfolio the security is based on. The linked portfolio is chosen from alternatives containing all the portfolios saved in the system. For example, funds and structured products are often based on a portfolio containing multiple different securities.

Linked security. Another security linked to your security. For example, you can link the underlying stock to your equity option, or link the underlying instrument to a derivative.

Manipulation. The manipulation of security prices: Direct (default, the prices are used directly as they are shown), Invert (the prices are shown as inverted) or In its own currency (the prices are shown without a currency conversion). The manipulation describes how security purchase and market unit prices are shown - usually prices are shown as "direct" (i.e. as they are used). The other options allow you for example to show FX rates as "invert" (i.e. inverted in relation to how they are used in calculations) or foreign-currency bonds "in their own currency" (i.e. even though the market value of your position is calculated in portfolio currency, the unit prices are shown without a currency conversion, allowing you to see the bond unit price directly as "percentage of the issue price").

Price from security. The security from which this security gets the market data information. If a security is chosen, the market data information shown for this security is fetched from the chosen security's market data information - changes to the market data are done through the linked security. The market data is fetched from the linked security without the manipulation effect, or always as "Direct".

Class 1, 2, 3, 4 and 5. Classes for the security. The classes to choose from are defined in Class Preferences. The classification system of securities can be defined as needed, and the classification system may consist of three parts: one class can be chosen for the security from each of the three available classes.

Tags. Choose tags from the alternatives defined in Preferences - General - Tags. Tags can be defined in three different ways:

Allocation tab allows you to define the allocation of the security. The allocations related to an asset group defined for the security are listed on the left-hand side of the window: a security can have an allocation for each asset group defined in Asset classes and types Preferences. You can find the list of allocations available in Standard Solution in FA User guide: Asset classes and asset types.

For example, you can define geographical and industry-based allocations separately.

You can view and modify the allocation information by choosing the corresponding allocation group from the listing on the left. You can add a new allocation, and define the allocation information on the right-hand side of the window.

When defining an allocation, first choose the asset group you want to use (e.g. are you defining geographical or industry-based allocation). Second, select the date from which the allocation is valid from for the security and add it to your allocation definition. The start date should usually be set before this security appears in your portfolios (i.e. when your portfolios start getting in transactions for this security) - if the allocation starts later than the first transactions for this security come in, this security is allocated as Other until the date it is valid from. If you want to update your allocation's content, add a new date to it - the new content will be valid from the new date onward, while the prior index content will be used until the new date.

Below each date you can see the content of the allocation. You can add a new asset type under the selected date: you need to define the asset type and the share of this asset type from the whole allocation. For each new position under the selected date, choose the asset type from the drop-down menu. In the field next to it, define the share of the selected asset type of the whole allocation. If the allocation consists of a single asset type, define the share as 100 % - if the share of the selected asset type is less than 100, you have to create new positions and define their shares so that the sum of the shares of different asset types under one date equals 100.

Market data info tab allows you to view and modify the market data information of a security.

Market data entries are listed based on the date, newest first. The Close column shows you the close price of the day, or the market price that is used for the security for that date. This close price is by default used when calculating the market value of positions in this security.

You can set how the Close price is determined by choosing one of the Price source options:

You can also define the price source on the portfolio level (see the Portfolio window topic).

You can modify an individual market data entry by choosing it from the listing. You can add a market data entry for the security with the Add market data button: define the new market price entry in the available fields.

When the market data information is filled in, save the market data entry with the OK button below the fields. Versions button allows you to view the versions of each market data entry.

You can also manage market data through the following buttons:

For bonds with appropriate bond information in the Extra information tab, FA also supports calculating the bond price based on importing YTM instead of bond price to the system. For more information, see the File formats for importing securities and security prices section. Price can be imported with % (e.g. 3.45%), when the system calculates the price according to YTM automatically.