Instrument type

The Instrument type Profile maintains the instrument types with which products are initialized.  Additional fields, that match fields in the product table, may be added to the instrument table so that the product is initialized with the instrument type values.

Fields

Code Unique identifier; Mandatory
Description Descriptive text.
Display Index Unique number for ordering in drop down field
Calc Code Used to initialize the calc code and other values in the product form
Instrument Class Class (category) to which this type belongs.  Useful for reporting purposes.
Rounding Initializes rounding on a new security
Reval Basis Indicates how cost is set by the nightly process.  Valid values are Market price Adjusted cost, Original cost (C), or  Par.  See Computed NAV for more details.
Illiquid Until Is the number of days before maturity when a normally-illiquid money market security is presumed to become liquid. Usually this is around 7 days. If the value is -1, the security never becomes liquid. When the correct daycount is hit, the system flips the illiquid flag. If the value is left empty, the security's is_illiquid value is based on the issuer's is_illiquid value.
Requires Collateral In systems that support repos, indicates whether associated security is a repo security requiring collateral on the ticket
Reval Uses Accrued Interest Used for nightly Computed NAV calculations

See Also

Technical Information

Instrument type information is stored in the insttype table.