The Trade Tickets screen allows credit unions to view and create trade tickets for security safekeeping. A trade ticket can be created for a Purchase, Sale, Free Delivery, or Free Receive.
The Trade Tickets screen is visible only with applicable permissions. Creating a new trade ticket is only allowed with applicable permissions. A Free Delivery trade ticket initiated by one User must be approved by a second User.
Trade Ticket History
To view historical trade tickets, Users may search and filter across the following column categories:
ID – Unique ID for each Trade Ticket
Member – Your credit union
CUSIP – CUSIP for the security associated with the Trade Ticket
Amount – Total settlement amount for the Trade Ticket
Type – Type of Trade Ticket (Purchase, Sale, Free Delivery, or Free Receive)
Trade Date – Date of trade execution
Settle Date – Date the trade settles
Extract Date – Date the Trade Ticket information was extracted for processing
Status – Current status of the Trade Ticket
Action – Allows user to Delete the Trade Ticket
Sorting and filtering is available on all columns except Action . Click the arrow next to the column header to sort the column. The orange arrow indicates which column is currently sorting the information. Search within a column by typing information into the Search box located just under the column header, or by utilizing the column dropdown, if available. To clear filters, click the x located in the search box, or click the Clear filters option at the top right side of the card.
Status | Description |
All Statuses | |
Draft | The trade ticket created was save for completion later |
Pending Approval | Seen by Users that did not initiate the trade ticket - indicates the trade ticket is awaiting approval |
Corporate Review | The trade ticket is under review by the corporate |
In Review | Seen by the initiating User when the trade ticket has been created and is pending approval |
Ready for Extract | The trade ticket information is ready for submission by the Corporate for validation and trade completion |
Extracted | The trade ticket is undergoing validation to finalize the trade |
Completed | The trade ticket has finished the trade process |
Deleted | The trade ticket was manually deleted or reprocessed |
Rejected | The trade ticket was not approved for submission |
The Trade Tickets list defaults to show trade tickets with a Status of Draft, Pending Approval, Corporate Review, and In Review. The User may export the wire information to a PDF or Excel document by clicking the Export to PDF or Export to XLSX button.
To review details related to a specific trade ticket, click the hyperlinked ID.
Depending on trade ticket type (Purchase, Sale, Free Delivery, Free Receive), trade ticket details will include some or all of the following:
Security and Trade Settlement Details
Broker/Dealer and Delivery Instructions
Free Delivery Information (if applicable)
Current Holdings Data (if applicable)
Trade Documentation
Notes
Create New Trade Tickets
To create a trade ticket, the User must:
Navigate to Investments
Click Security Safekeeping tab
Select Trade Tickets
Create a Purchase Trade Ticket
Click Create New
Select Purchase
Enter the CUSIP
Enter the Description of the security (optional)
Select the Broker / Dealer from the drop down (Only brokers assigned to your credit union are listed. Contact the corporate to assign more to your credit union)
Select the Settlement Location of the security
Enter the Trade Date by typing it in or clicking the calendar button
Enter the Settlement Date by typing it in or clicking the calendar button
Enter the Original Face Value
Enter the Current Face Value
The Factor will calculate based on Original Face Value and Current Face Value. If needed, adjust the Factor.
Enter the Price
The Principal Amount will calculate based on Current Face Value and Price. If needed, adjust the Principal Amount.
Enter the Accrued Interest
Enter the Commission (optional)
The Net Settlement Amount will calculate based on the Principal Amount, Accrued Interest and Commission. If needed, adjust the Net Settlement Amount.
Enter a Note (optional)
Click Next Step
Click Create New in the upper right of the Trade Documentation card, select the document Type (for example, TC - Trade Confirmation), and upload the trade confirmation from the broker. Repeat to add more Trade Documentation as needed
Click Next Step
Review all entered information for accuracy
Click Submit (or click Save as Draft to save the trade ticket with a status of Draft and complete it later)
The trade ticket will display with a status of Corporate Review until it is approved by the corporate
Create a Sale Trade Ticket
Click Create New
Select Sale
Select the security being sold from your current holdings (securities with the i icon in the Pledged column indicate the security is currently pledged and cannot be selected)
A pledged security cannot be sold until it is released
Click Next Step
The Current Holdings card displays information about the security you selected
Enter the CUSIP
Enter the Description of the security (optional)
Select the Broker / Dealer from the drop down (Only brokers assigned to your credit union are listed. Contact the corporate to assign more to your credit union)
Select the Settlement Location of the security
If FRB, select the Third Party from the drop down (displays the third party routing number and FI name)
If DTC, select the Counter Party from the drop down (displays the DTC number and description)
Enter the Trade Date by typing it in or clicking the calendar button
Enter the Settlement Date by typing it in or clicking the calendar button
Enter the Original Face Value
Enter the Current Face Value
The Factor will calculate based on Original Face Value and Current Face Value. If needed, adjust the Factor.
Enter the Price
The Principal Amount will calculate based on Current Face Value and Price. If needed, adjust the Principal Amount.
Enter the Accrued Interest
Enter the Commission (optional)
The Net Settlement Amount will calculate based on the Principal Amount, Accrued Interest and Commission. If needed, adjust the Net Settlement Amount.
Enter a Note (optional)
Click Next Step
Click Create New in the upper right of the Trade Documentation card, select the document Type (for example, TC - Trade Confirmation), and upload the trade confirmation from the broker. Repeat to add more Trade Documentation as needed
Click Next Step
Review all entered information for accuracy
Click Submit (or click Save as Draft to save the trade ticket with a status of Draft and complete it later)
The trade ticket will display with a status of Corporate Review until it is approved by the corporate
Create a Free Delivery Trade Ticket
Click Create New
Select Free Delivery
Enter the Receiver Details (optional; additional information the receiving side will see, maximum of 17 characters including spaces)
Select the Custodian you are Free Delivering to from the drop down (Only custodians assigned to your credit union are listed. Contact the corporate to assign more to your credit union)
Enter the Trade Date by typing it in or clicking the calendar button
Enter the Settlement Date by typing it in or clicking the calendar button
Enter a Note (optional)
Click Add Security in the Selected Holdings card
In the Select Securities for Free Delivery pop-up window, click the check boxes next to the securities you would like to deliver (securities with the i icon in the Pledged column indicate the security is currently pledged and cannot be selected)
Use the search boxes and filters at the top of each column to find a specific security
A pledged security cannot be free delivered until it is released
Click Continue – the selected securities populate in the Selected Holdings card
For each security in the Selected Holdings card:
Enter the Original Face Value Deliver Amount
If the settlement location is FRB, select the Third Party from the drop down (displays the third party routing number and FI name)
If the settlement location is DTC, select the Counter Party from the drop down (displays the DTC number and description)
Review all entered information for accuracy
Click Submit (or click Save as Draft to save the trade ticket with a status of Draft and complete it later)
The trade ticket will display with a status of In Review for you and Pending Approval for other users at your credit union
Approve Free Delivery Trade Ticket
A second user at your credit union must review and approve the Free Delivery trade ticket before it moves to Corporate Review (the user who entered the trade ticket cannot approve it.)
Navigate to Investments
Click Security Safekeeping tab
Select Trade Tickets
Select the ID of the Free Delivery trade ticket with a Pending Approval status
Review the trade ticket for accuracy
If any of the information is incorrect, click Edit and update the information
A different User will now need to verify and approve the trade ticket
Determine the final action to take on the trade ticket:
If the trade ticket detail is correct, click Member Approve
If the trade ticket should not be submitted with the detail provided for any reason, click Reject
Once the Free Delivery trade ticket has been approved, it will roll up to the corporate for final review and processing.
Create a Free Receive Trade Ticket
Click Create New
Select Free Receive
Select the Custodian from the drop down (Only custodians assigned to your credit union are listed. Contact the corporate to assign more to your credit union)
Enter the Trade Date by typing it in or clicking the calendar button
Enter the Settlement Date by typing it in or clicking the calendar button
Enter a Note (optional)
Manually enter or import the securities
To manually add securities:
Click Add Security in the Selected Securities card
For each security being received:
Enter the CUSIP
Select the Settlement Location
Enter the Original Face Value
If FRB, select the Third Party from the drop down
If DTC, select the Counter Party from the drop down
Repeat steps until all securities being received have been added
To import securities:
Click New Import
In the Securities File pop-up window, click Upload File and select the Excel file to upload
Review the imported data in the Securities File pop-up window and click Continue
Review the imported data in the Selected Securities card to ensure all information is filled in and accurate
Utilize the Free Receive Import File below for importing Free Receive securities. Required columns include: Trade Type (FR), CUSIP, Settlement Location (FRB or DTC), Trade Date, Original Face Value, Settlement Date, Third Party (FRB securities), ABA # (FRB securities), and DTC Participant ID (DTC securities). Example below:
Click Next Step
Click Create New in the upper right of the Trade Documentation card, select the document Type (for example, TC - Trade Confirmation), and upload a listing of the securities you are receiving (CUSIP and Original Face Value for each security). Repeat to add more Trade Documentation as needed
Click Next Step
Review all entered information for accuracy
Click Submit (or click Save as Draft to save the trade ticket with a status of Draft and complete it later)
The trade ticket will display with a status of Corporate Review until it is approved by the corporate