2024.2 - Autoposting of redemptions
This release allows redemptions to be added to the Security History and then autoposted on any client that has a holding.
Notes
- "Redemption" is a new Type when adding events using History > New on a security. The user enters the Event date, the Ex date, the Currency of the redemption and the redemption Amount. The price is per unit. So in most UK cases the amount will be £1.
- There is no restriction on which security types can have a Redemption record. But the most common cases will be for bonds or preference shares.
- Redemptions are Autoposted in the usual way. The user can override the quantity redeemed, the amount received and the foreign currency amount received if the client has multi-currency. Redemptions are posted on movement code RED.
- Data on Redemptions needs to be set up manually on the security history. It is not currently included in either the data feed from ICE or from SIX.