Manage expiration

Manage expiration

Navigate to Instruments to manage the expiration of the bond.

Select an instrument and click the action menu and select "Manage expiration". 

If the instrument has accrued interest that hasn´t been capitalized, this has to be done before expiration can be performed. In such cases, you will get a pop-up ticket and then make the capitalization. 

Click at the button "Go to capitalization" to manage the capitalization.

If the instrument has been capitalized you will be able to directly manage the expiration. 

The instrument chosen is prefilled but can also be changed. 
Fill in the total amount of the expiration. 

 If the funds haven't been applied to a Bricknode Broker account, we should select No. Transactions will be made on custody, issuer and customer accounts. 

Apply money to custody account.
Fill in account number or label and available accounts will be visible. (The drop-down menu will be empty until we write something)
Select trade and settlement date for when we should apply money to the custody account. 

Apply money to Bricknode Broker account. (Issuer for the instrument)
Fill in account number or label on the issuer and available accounts will be visible. (The drop-down menu will be empty until we write something)
Select trade and settlement date for when we should apply money to the issuer account. 

Deduct money from Bricknode Broker account (Issuer for the instrument). 
Fill in account number or label and available accounts will be visible. (The drop-down menu will be empty until we write something)
Select trade and settlement date for when the money should be distributed to the receivers
A - If this is checked only one transaction for the total amount should be created in the issuer account when the amount is charged. Separate transactions will be created on the issuer account if we choose to unmark the checkbox. 

Deduct units from the custody account.
Fill in account number or label and available accounts will be visible. (The drop-down menu will be empty until we write something)
Select trade and settlement date for when we should deduct the units from the account.  

Click Preview and you will receive a summary of the expiration.

Click Confirm when you are satisfied. You will receive a progress bar and a message when it's finished. 

Positions are now booked out and cash has been deposited into the customer's account and custody account.