Navigate to the action menu on the account and select Trade Order to create a buy order using a settlement account of the type autogiro.
Select the instrument that you want to buy by clicking on the button Choose.
Enter the information in the ticket and click Confirm to create the Trade Order. First, an automatic order (autogiro order) will be created and when the money is available on the account the trade order is activated.
Type of account should be used, in this case, Autogiro, but can be bank giro, bank transfer, or the customers holding account.
The external account on the customers bank. The external account is found on the tab External Accounts on the customer overview. The External account, called admission, must be activated before it can be used for the trade order.
How often do you want the deposit to be made. One-time payment, Monthly, Quarterly, Half Yearly or Yearly.
Select day in month/quarter/half year/year where the job Create Automatic Payments should create the autogior order. The first payment will be made the day after this day from the bank.
Select start month.
Used for one-time payments. This is the date when the job Create Automatic Payments should create the autogiro order. The cash will be transferred from the bank one day after this date.
A deposit is created and a link symbol is visible meaning the order is linked.
All deposit orders are handled via the automatic batch job that creates autogiro orders. The job is scheduled in the morning but can be handled manually. (Read more here).
When the job is finished the autogiro order will be placed and can now be exported to BGC.
On the customer overview, we will now see an autogiro order that is placed, a manual order that is in order status pending finance, and a recurring deposit order.
In the autogiro order list (Order Management > Autogiro > tab Orders), the placed autogiro order will have a little symbol next to the information button. This is a new full information view for the order which contains information about the order and linked events (orders).
The autogiro order will be exported in a file to BGC (read more here) and will get order status Sent (Active). When BGC has handled the order the back office administrators will receive a file to import to Bricknode Broker and the order will get status order status finished and the money is now available for the trade order.
The trade order will now get status placed and can be handled according to its order flow (execution interface). The money from the autogiro deposit is reserved and is not available in withdrawal power.
The monthly deposit is visible on the customer overview and the date is changed to next month.