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Creating a New Bond Trade Request
Overview
Before a user can create a new trading request, they must create a new trading account and get it approved by a Compliance Officer. A trading request is a request to trade with a financial institution.
Related Information/Setup
Please see the Creating a New Trading Account article for more information on creating a new trading account.
Navigation
- From the Home screen, click the Home dropdown menu.
Home Menu
- Click the Employee Portal link.
Employee Portal Link
- From the Personal Trading screen, click the + New Trading Request button.
+ New Trading Request Button
Creating a New Bond Trade Request
- From the New Trade Request screen, select Bond from the Security Type dropdown menu.
- Bond: A bond is a unit of corporate debt issued by a company and is a tradeable asset.
Security Type Dropdown Menu
- Click the Next button.
Next Button
- From the Personal Trade screen, click the Add Existing Brokerage Account link.
Add Existing Brokerage Account Link
- From the Add Existing Brokerage Account pop-up, click on the + Add link next to a brokerage account to add it to the Brokerage Account field on the Personal Trade screen.
+ Add link
- (Optional) Enter a keyword in the Search field if you cannot find the brokerage firm you are looking for on the most recently created list.
- From the Personal Trade screen, fill out the following information under the Bond Transaction Details section.
- Select a Bond Type radio button from the Bond Transaction Details field.
- Treasury: A Treasury bond is a government-issued debt security that matures over 30 years. Interest is earned over the life of the bond.
- Municipal: A Municipal bond is a debt issued by local, state, or county governments.
- Corporate: A Corporate bond is a debt issued by a firm and offered to investors
- Other: Other is used to cover any other bond that does not have a Bond Type in the system. Further information is required.
Bond Transaction Details Field
- Enter the security's Symbol in the Symbol field according to the symbol type selected above. A symbol type represents a security within the selected exchange marketplace.
Symbol Field
- Select a Symbol Type from the Symbol Type dropdown menu:
- Bloomberg ID: The Bloomberg ID (BBGID) is a 12-character alphanumeric code representing active and non-active securities.
- CUSIP: The CUSIP (Committee on Uniform Securities Identification Procedures) number is a 9-character alphanumeric code that represents security (stock at the exchange level) and is tracked using a ticker.
- ISIN: The ISIN (International Securities Identification Number) is a 12-character alphanumeric code representing a security.
- SEDOL: The SEDOL (Stock Exchange Daily Official List) is a 7-character code. The first 6 characters are alphanumeric, and the 7th character is a trailing check digit. The SEDOL is used to identify securities on the London Stock Exchange.
- RIC: The RIC (Refinitiv Identification Code) identifies financial instruments on financial information networks (e.g., Refinitiv Real Time)
- Other
Symbol Type Dropdown Menu
- Select if the exchange was traded or not from the Exchange Traded field. An exchange-traded bond is a fixed-income bond that is traded on the stock market. If Yes is selected, the user must include the exchange name used to trade the bond in the Name of Exchange field.
- Select if the exchange is over the counter or not from the OTC field. Indicates if the bond was an over-the-counter bond exchanged between two parties without using an exchange or broker. If Yes is selected, the user must include the counterparty's name involved in the Name of OTC Counterparty field.
Radio Buttons
- Enter the Quantity of the security the user trades in the Quantity field.
Quantity
- Enter the Estimated Transaction Total in the Estimated total value of transaction field.
Estimated Total Value of Transaction Field
- Select a Currency Code from the Currency dropdown menu. The currency code represents the currency the user is trading in.
Currency Dropdown Menu
- Select a Trade Action by clicking an Action radio button.
- Buy: The buy option indicates the employee intends to buy the security.
- Sell: The sell option indicates the employee intends to sell the security.
Action Radio Button
- Enter the annual interest rate paid on the bond in the Coupon field.
Coupon Field
- Select a Maturity Date from the Calendar pop-up by clicking on a Date. The maturity date is the date the issues must repay the bond's nominal amount.
Maturity Date Field
- Select an option to the question Do you have material non-public information about this trade? If the user selects Yes, they will have to include further details.
- Select an option to the question Could the proposed trade represent or create a conflict of interest? If the user selects Yes, they will have to include further details.
Question Fields
- Enter a keyword in the Employee field and select your name from the dropdown menu. Entering your name indicates you acknowledge all policies and laws pertaining to this action.
Employee Field
- Click the Submit button to send the request to a Compliance Officer.
Submit Button
- The Compliance Officer will receive an email notification indicating a request requires action.
Email Notification
- Click the Cancel button to cancel the request and return to the previous screen. Compliance Officers will not see a cancelled request.