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GUI User Guide - Borsa Italiana

1. Borsa Italiana Landon Stock Exchange Group L Usermame BCSTEST Member Code 9500 Environment Pre Prod Password New password Retype new password 16 User Guide September 2014 Click the OK button to send the new password to the system or click Reset to cancel the values in the blanks 2 7 System behavior during evening settlement batch After the end of clearing activity CC amp G starts the evening settlement batch to calculate closing prices assignments and perform other activities During this phase the BCS system is still available but only for customer who remains connected with the BCS Client Connection attempts during this phase with the BCS Client are rejected Starting from this phase only reports download is possible any other activity is not allowed until the end of the service User Guide September 2014 aay 3 0 Common functions This chapter describes some basic functions which can be executed on every BCS window in order to manage sort filter and export data 3 1 Window features configuration Every window is provided with a Configuration menu that allows the setup of some window features yf A The Setting window appears by selecting the Option button in the Configuration menu of each window This window allows to Columns Show hide columns Font Character type and dimension configuration Foreground Text r
2. The sender cancelled the transfer request before the receiver accepted or rejected it The trade is still owned by the sender Table columns description Deliver Member Receiver Member Deliver Name Receiver Name Contract Number Original Contract Number Market contract Sender ABI Code Receiver ABI Code Sender Name Receiver Name Contract Number assigned by the clearing house Contract Number assigned by the clearing house before separation In case of multiple separation the original trade contract number is shown Contract number assigned by the market 58 User Guide September 2014 number Trade Date Transfer Date Price Symbol ISIN Code Series name Expiration Month Strike Price Put Call Buy Sell Deliver Account Receiver Account Quantity Status Request Code Transferred Received Deliver Info Additional Info Deliver Code Market Receiver Info Receiver Code Sub Account Transfer mode Contact Date Transfer Date Transfer Price Alphanumeric symbol of underlying product ISIN Code Name of the series Expiration month Strike Price Put Call Contract side Deliver Account Type House Client Receiver Account Type House Client Transferred quantity Status H Holding P Processed R Rejected C Cancelled Request Code assigned by the System Transferred Received trade transfer type Client information of deliver member Free text additional information Client Code of deli
3. User Guide September 2014 7 0 Operations To be confirmed This menu allows to accept or reject a trade or a position transfer received from another clearing member 7 1 Transferred Trades to be Confirmed This window shows the incoming International Give ups and Trade Transfers which have not been accepted rejected yet by the customer The user has to select the reference market and click the Download button to see the data The user can accept reject a incoming trades right clicking on the selected trades and selecting the Accept Reject function The clearing house system will perform the transfer only after the user accepted the received trade Received trades can be allocated on house or client account Please notice Trades transferred via Automatic Give Up don t need to be accepted by the receiver member For this reason they are not shown in this window In case an International Give up is not accepted by the end of the day it will expire bine CM TA LA RTE HARTI x tera Fine Maier oF Pere oT Cater meee par meme imga 1 Traral dace Brace mao ogee e ie SIS ITH01 080 EEEE EO ASE TSA td 64 User Guide September 2014 Table columns description Deliver Member Deliver member ABI Code Receiver Member Receiver member ABI Code ISIN Code ISIN CODE Series name Name of the series Deliver Name Deliver Name Receiver Name Receiver Name Contract Number Contract Number assigned by the
4. the user can right click the row corresponding to the Take Up that has to be modified then select Modify Only enabled fields can be modified A Modify Take Up Market Receiver member Deliver member Account type Client code Additional info Open Close 6 Close Assigned by Trader Description code Activation date E Inactivation date The value Assigned by Trader in the Open Close field will assign to the incoming trade the same value specified for it by the trader 38 User Guide September 2014 5 0 Positions This menu allows users to manage positions registered in the clearing house It is possible to download the positions list and perform rectifications transfers subaccount changes and early exercises 5 1 Positions Positions menu shows the open positions registered on Members accounts in the clearing house and allows to execute rectifications early exercises subaccount change and early exercise operations The Positions menu is made by the following tabs e Positions list it shows the list of open positions held at the clearing house For each open position it is possible to access the Rectify Transfer SubAccount Change and Early Exercise Request functionalities via the quick selection menu e Rectified positions it shows the rectified positions list e Transferred positions it shows the transferred positions list e SubAccounts Changes it shows the list of positions mo
5. Account type Client Volume Incease Decrease Sub account OMN Operational steps description 1 Insert the amount of positions to be adjusted into the Volume field 2 Select the Increase or Decrease option 3 Press OK button to confirm A confirmation message informs the user that the transaction has been successfully committed 5 4 Positions transfer The user can access the position Transfer function right clicking on a specified position in the positions list also multiple selection is allowed The position transfer allows to transfer a position to a specific counterpart who is a CC amp G member The CC amp G system will process the transfer only after the counterpart accepts the received position 41 User Guide September 2014 It is possible to transfer only positions on client account also house accounts for IDEX and only to counterparts other than the member itself Transfer positions ISIN code Symbol Expiration month Strike price Put Call Long Short Transfer price Long Short 170010091590 UCG 06 2013 3 0000 P 617 691 0 0000 Long WT Receiver Member 00001 BORSA ITALIANA 5 F A Close Operational steps description I Double click with the mouse into the Volume field and insert the amount of positions to be transferred 2 Select Yes or No option to access the gross position rectification function this option allows to increase automatically positions
6. Application layout This chapter provides basic instructions to start the application and a description of the menus and main window commands BCS can be started via the Microsoft Windows Start menu After having clicked on the BCS option the following System Login window will pop up 2 1 Application start f Borsa Italiana e london Stock Exchange Group Username Password Member code Environment Pre Prod Username Password Member Code and Environment should be specified in order to have access to the system Password is case sensitive PDC Production environment CDS Test environment At the first login the password change is required User Guide September 2014 2 2 The main window After the user has been authenticated the BCS tool bar will appear on the screen The toolbar shows the username and the environment the user is connected to It is made up of three functional sections Menu Bar Tool Bar through which it s possible to access directly the menu commands and Active Windows Bar N File E Archives Positions Trades qf Tobeconfurmed _ Exercise Assignments E Report PC Tools Hi 2 3 Menu Bar The Menu Bar contains the following menus and commands File aae Menu Description Login Shows the login prompt Save Environment Saves the windows configuration Change Password Changes the current password Exit Performs the logout Archives Menu Description Markets List of the avail
7. Client info fields using the copy and paste functionality CTRL C CTRL V The client code change allows to perform also subaccount changes these actions are executed by the system when a client code associated to the specific subaccount subaccount client code link is inserted 6 8 Trade History This functionality allows to view all the clearing operations done on a selected trade To access this functionality the customer has to download the trade list Then he has to select a trade and right click on it to access the Trade History function A window will appear showing a line for each clearing operation done on the trade that involve the customer Table columns description Market Trading Market ABI Code Member ABI code Account Type Account Type House Client Symbol Alphanumeric symbol of underlying financial instrument Expiration Date Expiration Date Strike Price Strike Price Put Call Option type Put Call 56 User Guide September 2014 Series name Trade Date Trade Time ISIN Code Quantity Trade Price Open Close Contract Number Original Contract Number Buy sell Client Info Client Code Sub Account Deliver ABI code Receiver ABI code Deliver Info Receiver Info Operation 6 9 Transferred trades Name of the Series Trade Date Trade Time ISIN code Trade Quantity Trade Price Open close flag O open C close Clearing house registered trade identification number Clearing hou
8. Date Accourt type Initial margin Waristion margin Premium margin Met margin Asset Requested amount In this case one tab for each NCM will be shown Table columns description Sequence Number Identifier of the request Date Date of the request Account Type Account Type Initial Margin Initial Margin Variation Margin Variation Margin Premium Margin Premium Margin Net Margin Net Margin Asset Guarantees Amount Requested amount Requested Amount 87 User Guide September 2014 12 0 Appendix A Regular Expressions A regular expression is a string sequence of characters built with a proper syntax which express characteristics shared by a set of strings Assume you intend to use a notation to indicate all the strings which begin by a and end by o we will write a o to indicate all these strings which share the characteristic to start by a and end by o The following strings belong to the set mentioned above ao ago also but not aristotelis or psycho The character used into the regular expression indicate whatever sequence of characters Let s see the syntax to be used for regular expressions and the meaning of each abbreviation X z X X n X n X n m XY X Y x character Finds a single character into the brackets For instance abc looks for an a a b or a c a z is an interval and finds every s
9. Guarantees I Menu Description Collateral guarantees List of Collateral guarantees Deposited guarantees List of Deposited guarantees Report E E Menu Description Report Available report list Tools ESSES Menu Description Clearing messages Messages sent by CC amp G Intraday margin calls Intraday margins requested by CC amp G User Guide September 2014 2 4 Tool Bar The main window tool bar is located under the menu bar It gives quick access to the most frequently used commands which are mapped into specific buttons Each command can be activated by clicking on the corresponding button Two lights appear on the tool bar 1 A first light stands for the centralized layer server client connection status green red 2 A second light indicates the operational status of the clearing system green red 2 5 Command selection A command is an instruction through which BCS executes a specific operation Commands can be selected from e Menu bar e Tool bar e Quick selection menu after a BCS object has been selected its specific commands quick selection menu can be shown right clicking on the mouse If no command has been selected the quick selection menu can be closed just clicking anywhere outside it 2 6 Change Password In the File menu click Change Password the following window will appear showing the username and the member code and allowing the user to change the current password to a new one
10. ST 1 AEF AEF oon ta Tt AEG OC AEGJACEGAS MTA ITO00306 AEG 0 0001 14 25 ST AEJ CBJ ETFMSCI MTA FR00103 AEJ 0 0007 15 ST iC aeropo wamo O a ooo na st a a E AGL C AGL AUTOGRILL MTA 1T000113 acl oosa 10 75 ST 1 A E E E E E ttf AGL Of AGL AUTOGRILL _ DER 1T000113 ach 3 155 sT 500 ao A er as AGRIC AGR ETFAGRI _ MTA 1E00B3C AGRI 0 0001 18 S 1 acs C FOR _AGEAS MTA BE00038 aGs oooo1 325 ST EN AmA A 4 nT T Table columns description Symbol Class alphanumeric code Product Product type B bond C equity and fund quotes F future O option R repo V Type convertible W warrant Product Financial product reference groups i e a set of derivatives instruments belonging to Group different classes whose underlyings show correlated prices Description Financial instrument description Market Trading market ISIN Code ISIN code of underlying financial instrument Underlying Alphanumeric code of underlying financial instrument User Guide September 2014 Margin interval Settlement Type Contract size Option Underlying type Option Style Settlement days 4 3 Tradable series Settlement type of a financial contract style Option style American European Number of shares underlying a standard contract Financial instrument type Bond Equity Index Number of days between trade and settlement date Maximum upward downward ex
11. Server directory e change the file replacing the real IP addresses with the natted ones the ip address should be specified in the TCP_IP tag of each application server BCSAPPSVRO1_PROD TOP IP TCP PORT 34900 User Guide September 2014 KEEPALIVE_TIMEOUT 20 TRANSPORT_BUFFER 1024 APPLICATION _WINDOW_SIZE 20000 TRACE_LEVEL INF TRANSACTION_BUFFER_SIZE 2000 SUBSCRIPTION_BUFFER_SIZE 2000 INQUIRE_BUFFER_SIZE 2000 TCP_BUFFER_SIZE 10240 e save the file e telnet the natted IP addresses and ports from the user local PC e if the telnet does not work please verify with the customer network department if the telnet attempt is filtered by any internal firewall Please notice the user is not allowed to put chars and in free fields otherwise an error message will be shown on the GUI 1 4 Disaster Recovery Invocation In case of Disaster Recovery invocation in order to correctly reach the SDC application server the user should apply a change on the configuration of the BCS Client This involves the following steps e close the BCS client if running e go into the BCS Client installation directory usually C Program Files Borsa Italiana BCS Client XXX and locate the GKApi_J_Version cfg file in the etc Server directory e apply the following change in bold to the default configuration User Guide September 2014 GATEMARKET_ SERVERS SERVER_LIST BCSAPPSVRO1_PROD BCSAPPSVRO2_
12. counterpart who is a clearing house member This function is allowed only on T 1 trades besides performing the trade transfer this function executes the settlement of the variation margins or the premium as well according to the 52 User Guide September 2014 execution price of the trade It is also possible to transfer a partial number of lots of the trade thus allowing the lots to be assigned to several clearing brokers The CC amp G system processes the transfer only after the counterpart has accepted the received trade It is possible to transfer only trades on client account and only to counterparts other than the member itself e aT hme pee 63 pm TEN code Contract mmber Symbol Trade date Expraten month Sirke price Putical Buy Sell oce frama Quant T i Too 1O07ESS EEA ADA TIF 122012 0 3700 C 412 0000 2 Mam Wiretap Price ILOMO Recess Member DOMI v PORSA TALIANA DPA Operational steps description 1 Insert the quantity of the trade to be transferred into the Quantity field 2 Select Yes or Not option to access the gross position rectification function this option allows to increase automatically positions in case a positions lack occurs in the time frame between the request sending and counterpart s acceptance due to market executed trades on the transferred series 3 Insert data into the Additional Info optional 4 Select the ABI code and description of Receiver
13. of the variation margins or the premium as well according to the execution price of the trade Only the clearer is due to deposit initial margins The clearing house system processes the transfer only after the counterpart has accepted the received trade It is possible to transfer only trades on client account and only to counterparts other than the member itself 51 User Guide September 2014 WW 2 Mean Weighted Price 12 0000 Receiver Member 00001 v BORSA ITALIANA S P A k cose Operational steps description 1 Only the overall amount of trade can be transferred The Quantity field cannot be modified 2 Select Yes or Not option to access the gross position rectification function this option allows to increase automatically positions in case a positions lack occurs in the time frame between the request sending and counterpart s acceptance due to market executed trades on the transferred series 3 Insert data into the Additional Info field optional 4 Select the ABI code and description of Receiver Member 5 Press OK button to confirm A confirmation message informs the user that the transaction has been successfully committed 6 4 Trade transfer To execute a trade Transfer the customer has to download the trade list Then he has to select one or more trades and right click on them to access the Transfer function The Trades Transfer dialog window allows to send the selected trades to a
14. request Time of the modification request Position type Long Short Account Type House Client Original sub account identifier sub account identifier Gross position rectification flag Alphanumeric symbol of underlying financial instrument Expiration Date Strike Price Option type Put Call Product type B bond C equity and fund quotes F future O option R repo V convertible W warrant ISIN Code Name of the series Quantity Transfer price 48 User Guide September 2014 Request state Request state Return Code Operation result Countervalue Countervalue 6 0 Trades This menu allows to manage executed trades registered in the clearing house system It is possible to download the list of trades the history of a single trade and to access the functions of trade transfer split open close change and client code modification 6 1 Trades Using Trades menu the user can access the following functions download of company trades executed in the specified trading day contracts transfer international give up trades split open close change client code change allows Subaccount change trade history The Trades menu is made by the following tabs Trades list it shows the trade list and allows separation transfer International Give Up open close and client code change operations and the trade history functionality Transferred Trades it shows the transferred trades list Separated Trad
15. the compounded average market price on MTS If not available a price meaningful of market conditions is referred to BOTs are evaluated at their nominal value User Guide September 2014 9 2 Deposited guarantees Deposited guarantees item shows collateral guarantees deposited by CC amp G members or their house or client account by the CC amp G member Deposited guarantees 000051 T 000054 esoo soj uwo 002606 T oo2607 5000 E BO an One 0026068 5000 i An WOE 002609 art QFE 002610 e609 H i ar25 Table columns description Allocation type Allocation Type on cash guarantees O Option F Futures Deposit ID Deposit ID Repayment date Repayment Date Participant Member s ABI Code Account Type Account Type House Client Type Deposit Type GD Government Bonds Deposit BD Equities Deposit CC cash Deposit Date Deposit Date Expiration Date Expiration date Quantity Quantity 0 if cash Value Margins hedge value 0 on not cash guarantees ISIN Code ISIN Code not valued if cash Description Description Currency et Currency Sub account Subaccount 81 User Guide September 2014 Shares Deposits allocation subaccount change The user can change the allocation and the subaccount associated to one or more shares deposits In order to access this function the user has to right click on the a specified guarantee and select Bulk Deposit Modify Bulk deposits modify SelfUnsel Part
16. 00 0 0000 0 0000 0 0000 0 0000 TEN 21 0000 DER IT001095 TEN2V21 21 0000 DER 1T001095 TEN3C21 19 5000 o DER 1T001095 i DER IT001076 3 15 13 3 14 13 0 0217 1082 0 0000 0 0000 0 0000 TEN3019 50 3 15 13 3 14 13 5 1958 5 1273 ol 19 0000 P DER 1T001076 TEN3019 3 15 13 3 14113 m 4 7173 4 6279 A User Guide September 2014 Table columns description Symbol Product type Strike price Put Call Market ISIN Code Series name Expiry Day Last Trading Day Closing Price Last Day Price Closing Price Date Underlying Price Open interest Volatility Product alphanumeric Symbol Product type B bond C equity and fund quotes F future O option R repo V convertible W warrant Strike price Option type Put Call Trading market Instrument ISIN code Name of the series Expiry date Last Trading Date Daily settlement price closing price Last day settlement price Closing price reference date Underlying product reference price Open Long short positions amount Volatility calculated by the clearing house 24 User Guide September 2014 4 4 Participants Participants window shows the clearing members list Only members of the markets the customer belongs to are shown Configuration Edit MTS MERCATO TELEMATICO TITOLI STATO MIC MER
17. BCS ejt User Guide Ver 4 0 12 September 2014 44 London f T S Stock Exchange Group Contents Summary 1 0 Introduction 6 1 1 About BCS 6 1 2 Work environment 6 1 3 How to get started 7 1 4 Clearing calendar 10 2 0 Application layout 12 2 1 Application start 12 2 2 The main window 13 2 3 Menu Bar 13 2 4 Tool Bar 16 2 5 Command selection 16 2 6 Change Password 16 2 7 System behavior during evening settlement batch 17 3 0 Common functions 18 3 1 Window features configuration 18 3 2 Quick filters 19 3 3 Saving and closing windows 20 3 4 Data print 20 3 5 Data export to Excel spreadsheet or ASCII file 20 4 0 Archives 21 4 1 Markets 2 4 2 Classes 22 4 3 Tradable series 23 4 4 Participants 25 4 5 Non clearing members 26 4 6 SubAccounts 27 4 7 Automatic Give up 34 5 0 Positions 39 User Guide September 2014 5 1 Positions 39 5 2 Position list 39 5 3 Rectify Position 41 5 4 Positions transfer 41 5 5 SubAccount changes 43 5 6 Exercise request 44 5 7 Rectified positions 45 5 8 Transferred positions 46 5 9 SubAccount Changes 47 6 0 Trades 49 6 1 Trades 49 6 2 Trade list 50 6 3 International Give up 51 6 4 Trade transfer 52 6 5 Trade Separation 54 6 6 Open Close Change 55 6 7 Client Code Change 55 6 8 Trade History 56 6 9 Transferred trades 57 6 10 Separated trades 60 6 11 Open Close Changes 61 6 12 Client Code Changes 62 7 0 Operations To be confirm
18. C Cancelled Transfer request code assigned by the system Transfer type Transferred Received Supplementary information Client information of deliver member Client Code of deliver member Sub Account Counter value Client Code of receiver member Client info of receiver member Cancel Transfer Request Pending position transfers with status H Holding can be cancelled by the deliver member The user has to right click on the pending transfers and select Cancel Transfer Request 5 9 SubAccount Changes This function shows all position subaccounts changes made by the customer or by its NCMs The changes will be shown after having selected the reference market and the transfer date and having clicked on the Download button 47 User Guide September 2014 Contgurenon Edt i frairs Let nected postna Trrafered posia Subdlccaunt aE ejoa isa Co GA ore Mamba Benmi Roma Leragy Short kupu treet Ores sub kiari Seb acer Crees poets ECW ACE So Sven Exratendate 4 Ee nt r m K n Byt IDEA MAAN Dees ATES HAARET i DER 00i ere 1010 A Table columns description Market Member Request date Request time Long short Account type Original sub account Sub account Gross position rectification Symbol Expiration date Strike price Put Call Product type ISIN Code Series name Quantity Transfer price DAN LLT H Eis Trading Market Member ABI Code Date of the modification
19. CATO INTERS COLLATERALIZZATO MOT MOT TLX OBBLIGAZIONARIO RETAIL xag ABI code CEDcode Description IDEX MERCATO DERIVATI SU ENERGIA MTA MERCATO TELEMATICO DELLE AZIONI 03000 21422 00000366 00001773 ABN AMRO CLEARING BANK N V Individual General 03102 00000580 ALETTI amp C BANCA D INVESTIMENTO MOBILIARE General l 37011 00002875 ALL SECURITIES B V Non Clearing Member 03045 00001994 BANCA AKROS Individual 03296 03087 00000317 BANCA FIDEURAM 00000560 3296 Individual BANCA FINNAT EURAMERICA SPA 03249 00002599 BFNE 3087 BANCA IMI SPA BCCB 3279 General Individual 03043 00004197 BANCA INTERMOBILIARE INTM 6254 Individual 01030 05728 00000357 00008335 BANCA MONTE DEI PASCHI DI SIENA SPA MPS 1030 General POvI BANCA POPOLARE DI VICENZA 5728 Individual 05584 03025 03311 00001637 00002281 00002814 BANCA POPOLARE MILANO BANCA PROFILO BANCA SELLA HOLDING SPA BPMI PROF SLHB 5584 3025 3311 General Non Clearing Member General 03398 00003555 BANCA SIMETICA SPAJ BASI 3398 Non Clearing Member 21381 00003777 BANCO SANTANDER SA SANT 1381 General 21338 00007388 BARCLAYS BANK PLC BABA 1338 General 22054 38031 00000540 00003493 BNP ARBITRAGE SNC BNP PA
20. Member 5 Press the OK button to confirm A confirmation message informs the user the that the transaction has been successfully committed 53 User Guide September 2014 6 5 Trade Separation To execute a Separation Split the customer has to download the trade list Then he has to select a trade and right click on it to access the Separation function The Separation function allows the user to split any trade into 8 trades at maximum each one of different volume amount The total amount of the separated trades must be equal to the volume of the original trade This function is allowed on T and T 1 Contract number 19393 Open Close 0 Client info ABI Code 00001 Account type C Client code 1231 Quantity 2 Side B Trade date 20121015 Isin Code IT00 10807656 Price 12 0000 Split quantity Client code Client info Contract number ol 1231 1231 Total 0 Remaining 2 Rectify position Operational steps description 1 Insert the amount of trade to be split into the Split quantity field 2 Insert data into the Client Code field optional 3 Insert data into the Client Info field optional Repeat these operational steps until the remaining quantity will be equal to 0 4 Select Yes or Not option to access the gross position rectification function 5 Press the Submit button to confirm A confirmation message informs the user that the transaction has been successfully committed the new trade numbers originated by the se
21. PROD BCSAPPSVROJ PROD TCP_IP IP Address Server 1 TCP_PORT 34900 KEEPALIVE_TIMEOUT 20 TRANSPORT_BUFFER 1024 APPLICATION_WINDOW_SIZE 20000 TRACE_LEVEL INF TRANSACTION_BUFFER_SIZE 2000 SUBSCRIPTION_BUFFER_SIZE 2000 INQUIRE_BUFFER_SIZE 2000 TCP_BUFFER_SIZE 10240 BCSAPPSVRO PROD TCP_IP IP Address Server 2 TCP_PORT 34900 KEEPALIVE_TIMEOUT 20 TRANSPORT_BUFFER 1024 APPLICATION _WINDOW_SIZE 20000 TRACE_LEVEL INF TRANSACTION_BUFFER_SIZE 2000 SUBSCRIPTION_BUFFER_SIZE 2000 INQUIRE_BUFFER_SIZE 2000 TCP_BUFFER_SIZE 10240 e save and close 1 5 Clearing calendar A configuration file namely lt installation directory gt Clearing Client etc client Common config the default lt installation directory gt is C Program BitSystems allows the user to define the current year calendar with holidays An example of the holiday configuration file is shown hereafter 10 User Guide September 2014 HOLIDAY S SUNDAY SATURDAY 0 1 01 SEAS TER SEAS TERT SEASTER 17 SEASTER Ze 01 052 157083 SCHRISTMAS 7 SCHRISIMAS Fb SCHRISIMAS l931 12 Where e Field separator character e SUNDAY every Sunday of the year e SATURDAY every Saturday of the year e SEASTER Easter date e CHRISTMAS Christmas date e SEASTER n Easter or specific number of days e CHRISTMAS n Christmas or specific number of days e dd mm specific date of the year User Guide September 2014 2 0
22. RIBAS EQUITIES FRANCE ARBI BPEF 2054 8031 Non Clearing Member Non Clearing Member Table columns description Market assigned numeric code ABI Code Member ABI code CED Code Description Member name Mnemonic Alphanumeric code Participant Member clearing code Code Market Trading Market Type Member type Individual Clearing member Non Clearing member General Clearing member 25 User Guide September 2014 4 5 Non clearing members Non clearing members window shows for each available market the list of the non clearing members of the customer Only the non clearing members of the markets the customer belongs to are shown 00007 00008081 __ BORSA ITALIANA S P A Table columns description ABI Code Participant ABI code CED Code Market assigned numeric code Description Participant name Mnemonic Alphanumeric code User Guide September 2014 Participant Code Participant clearing code Market Trading Market Type Member type Non Clearing member General Clearing member 4 6 SubAccounts The Subaccounts window allows to show and manage the list of subaccounts of the member and its NCMs SubAccount list This windows shows the list of the customers subaccounts and its NCM ones Corganin Echt aero AT Gurien aor kin Came terre char Marites EM ITALIAN DERIVATTHES MARKET Member OGG Ai ype ee Mur ier Macrae Aena te Subsccoore een g don
23. able markets Classes Listof the classes 13 User Guide September 2014 Menu Tradable Series Participants Non Clearing members Sub Accounts Automatic Give up Positions Description List of the tradable series Clearing members list List of own non clearing members for GCM only Configuration nanagement of secondary accounts for every clearing member Configuration management of client codes for automatic give up functionality Menu Positions Trades Description Increase or decrease the volume of positions on client account Transfer requests of positions on client account also house accounts for IDEX early exercises execution whole or partial transfer of a position into a different sub account Menu Trades To be confirmed Description International give up contract transfer trade split open close change client code change Menu Transferred positions to be confirmed Transferred trades to be confirmed Description Received positions acceptance rejection Received trades acceptance rejection 14 User Guide September 2014 Exercise Assignments R Menu Description Exercise request Ex by ex or early exercise request Exercise Request History List of ex by ex and early exercises performed on a specific day Expiry exercises requests List of exercise requests at expiry provided by the clearing house Assignments List of assignments provided by the clearing house
24. antity Series typology Requested quantity Proposed quantity Underlying price Request current validity status P Processed R Refused in the money out of the money amount amount 19 User Guide September 2014 Please notice A cancel functionality for ex by ex requests is not available Since the last ex by ex request always overwrites the former on the same ISIN Code Abi Code Account Type Sub Account the user can just send another request with quantity 0 to delete a request previously sent 8 3 Expiry exercises requests This window shows CC amp G exercises proposals on expiration day The user has to select the reference market and click the Download button to see the data Configuraton Edit a ane sO ema fa Markel IDEM TALIAN GERIVATIVES MARKET 7 Abc Dl Diiia hid Falle a ahd G if Falters ABT code ont Ead bpt 0N Symbol OF Accountthpe OF ITHAOTH cf Strike ony AAEM OF Sub secount 0N i Filters off Market ABI code Proposed quantity Requested quantity ISIN code Series name Symbol Account type Expiration month Table column description Market Trading market Abi code Abi code of the company which has executed the exercise request Symbol Series identification code ISIN Code Option ISIN code Series name Name of the series Strike Strike Price Put Call Put Call ITM OTM In the money Out of the money Exp
25. ccount type client only Receiver member code 34 User Guide September 2014 Gross position rectification Description code Activation date Inactivation date Creation date Modify date Status Gross position rectification Description code receiver member has to specify the same value into Description code field of the corresponding Take Up Activation date Inactivation date Creation date Modify date Give out status Add New Give Out function allows to create a new Give Out client code All fields are mandatory Market IDEM ITALIAN DERIVATIVES MARKET Deliver member 00001 Account type Client code Receiver member 00001 BORSA ITALIANA 5 F A Gross position rectification Y N Activation date User Guide September 2014 Give Out Modify In the Give Out list the user can right click the row corresponding to the Give Out that has to be modified then select Modify Only enabled fields can be modified IDEM ITALIAN DERIVATIVES MARKET 00001 Account type Client Client code BIT toss Receiver member DEUTSCHE BANK AG LONDON BRANCH Gross position rectification Description code Activation date 6 24 11 E Inactivation date 6 27 11 After a market a receiver member and an account type have been selected the user can click the download button to get the list of the available Take Up client
26. cise a quantity with more than four digits the user should send more than one request to cover the whole amount of positions to exercise The user can also specify an additional information in the Additional Info field before click Insert It s possible to download the historical list of exercises through the Exercise Assignments main menu in the Exercise Request History sub menu Please notice An early exercise can be executed also in the Exercise Request window that can be reached through the Exercise Assignments main menu 44 User Guide September 2014 5 7 Rectified positions Through this menu it is possible to view positions rectifications executed at current or at the specified date Configuration Edit Positions List Rectified positions Transferred positions SubAccount changes Date 10 15 12 v TXASSIB Symbol Off P C Off AccType Off Statusi Off Table columns description Member Symbol Expiration Month Strike Price Put Call ISIN Code Series name Account Type Volume Sign Execution Date Execution Time Status Sub Account Member ABI Code Alphanumeric symbol of underlying instrument Expiration month Strike Price Option type Put Call ISIN Code Name of the series Account Type House Client Volume Operation sign increase decrease Position adjustment date Position adjustment time Operation status Y exec
27. clearing house Market contract number Contract number assigned by the market Trade Date Trade Date Transfer Date Transfer Date Price Price of transferred trade Symbol Alphanumeric symbol of underlying instrument Expiration Month Expiration month Strike Price Strike Price Put Call Put Call Buy Sell Contract side Deliver Account Deliver Account House Client Receiver Account Receiver Account House Client Quantity Transferred quantity Status H Holding P Processed R Rejected C Cancelled Status 65 User Guide September 2014 Request Code Deliver Info Additional info Deliver Code Market Product Type Receiver Info Receiver Code Sub Account Transfer request provided by the Clearing system Client information of deliver member Free text additional information Client Code of deliver member Trading market Product type B bond C equity and fund quotes F future O option R repo V convertible W warrant Client information of receiver member Client Code of receiver member Sub Account 00001 BORSA ITALIANA 5 PA 22133 M0010807656 19398 AZA F 2 Mean Weghted Price 66 User Guide September 2014 Operational steps description 1 Select Open Close option 2 Select the Account Type House Client 3 Insert data into the Client code field optional 4 Insert data into the Client info field optional 5 Select Confirm or Reject The clearing system lets transfer r
28. codes Market IDEM ITALIAN DERIVATIVES MARKET Receiver Member 00001 Account Type Client 4 Filters Client code Off 36 User Guide September 2014 Table columns description Market Deliver member Client code Account type Receiver member Open Close Description code Additional info Activation date Inactivation date Creation date Modify date Status Take Up status Trading market Trading member code Client code House Client account type Clearing member code Open Close Assigned by Trader Description the deliver member has to specify the same code into description code field of the corresponding Give Out Free text additional information Activation date Inactivation date Creation date Modification date Add new Take Up This function allows to create a new Take Up client code Add new Take Up Market IDEM ITALIAN DERIVATIVES MARKET Deliver member 00001 BORSA ITALIANA 5 P A Receiver member 00001 Account type H Client code Additional info Open Close Open Close Assigned by Trader Description code Activation date 10 16 12 37 User Guide September 2014 All fields are mandatory except for Additional Info The value Assigned by Trader in the Open Close field will assign to the incoming trade the same value specified for it by the trader Take Up Modify In the Take Up list
29. count name only upper case characters are allowed activation date Keep net position and Net margin flags Modify Subaccount In order to modify an existing subaccount the user has to right click on a specified entry in the SubAccount list window and select Modify Only some parameters may be changed Keep net position Net margin Activation date and Inactivation date Modify sub account parameters Market IDEM ITALIAN DERIVATIVES MARKET Member code 00001 Account type Sub account Keep net position Net margin Activation date 2 73 12 E Inactivation date 2 24 12 ok J cose Customer SubAccount links The Customer Sub account links window allows to perform the following functions 1 show Subaccount client code links 2 create a new Subaccount client code link 3 modify a Subaccount client code link 29 User Guide September 2014 4 disable a Subaccount client code link A subaccount client code link is an association between a subaccount and a specific client code The customer can specify a client code previously associated to a subaccount in a client code change operation on a trade in order to transfer the trade to the related subaccount The list of all existing subaccounts client code links can be downloaded clicking the Download button Clicking on a specific sub account on the subaccount list shown in the left part of the window will download only t
30. curities eligible to be deposited with CC amp G Ea Collateral Guarantees TELE DE0001135127 DBR O4f01 07 6 000 DBR 04 07 09 4 500 DE0001135218 DEO0011 37040 _DE0001141422 FROOOO1 23690 FRO101659913 FR0102626 Fra DER 04 01 13 4 500 BEKO 16 1 2 05 2 750 OBL 142 04 08 3 000 OAT 25 10 12 4 75 BTAN 12 07 05 5 000 BTAN 12 01 06 5 000 FRO104446556_ FROI047S56962 ITODO0366655_ mo000367091 IT0000367174 70000367315 BLAM 12 07 07 4 750 BTAN T 2 01 05 3 500 i BTF 01 NOV 2023 BTF 01 GEN 2005 BTP 01 APR 2005 BTP 01 SET 2005 TOO00367497 To000367687 ITOO00367810 EU 107 15 EU 106 29 EU 106 23 Eu 1 00 49 EU 100 78 EU 107 11 Eu 101 8 EU 102 98 El 105 43 Eu 100 27 EU 160 15 Eu 100 38 EU 102 57 ee EU 106 16 BTF 01 FEB 2006 BTF 01 LUG 2006 BTF 01 NOV 2006 Eu 108 32 Eu 109 94 Ell 109 96 ITOOO1 086559 BTP 01 FEB 2007 EU 108 97 IT0001086567 0001132098 BTP 01 NOV 2026 BTP 01 LUG 2007 00011 r000 m0001174611 TANM 734974 EU 139 16 EU 110 36 BTP 01 NOV 2007 BTP 01 NOV 2027 CETA MAG Pns EU 109 3 Ev 128 63 ELI annii Table columns description ISIN Code Security ISIN Code Description Security description Currency Security currency Price Market price is calculated for Government bonds different from BOT as
31. data a Fiters AEI code DY Expiration manh oni Filters off io ein peek AF oe Syed Oeil Anos Eee ne prike OF PARCH 07 Domini W Market ABLeode Quanety isIveode Senesname Symbol Account type Expwatonmenty Stie Putical Reguestkey Exercsn time Table columns description Market Abi code Symbol ISIN Code Series name Strike Put Call ITM OTM Expiration month Account Type Sub account Exercise time Trading Market Abi code of the company which has executed the exercise request Series identification code Option ISIN Code Name of the series Strike Price Put Call In the money Out of the money Expiration Month Account Type House Client Sub account of the position associated with the operation Time exercise request has been forwarded 73 User Guide September 2014 Exercise date Date exercise request has been forwarded Request key System assigned exercise request key Quantity Executed option quantity Total exercise Total exercise quantity quantity Status Request current validity status P Processed C Cancelled ITM OTM amount in the money out of the money amount Cancel Exercise Request In order to cancel an early exercise request the user has to download the list of the early exercises right click on the specified request and select the Cancel option Exercises by exception sent The user has to se
32. dified by a SubAccount change operation 5 2 Position list In order to download positions list the user is required to select the market the account type House Client and the position type and then click on the Download button Configuration Edit Positions List Rectified positions Transferred positions SubAccount changes Market IDEM ITALIAN DERIVATIVES MARKET Account type Client Position type Ordinary VK B Z Filters Member Off Symbol Off Prod Typel Off P C Off Subaccount off Filters off Member Symbol Account type Expiration month Producttype Market Strike price Put Call ISIN code Seriesmame j Long Short Openingdate Last opera 00001 FDIV 12 2014 DER 0 0000 1T001004 FDIV4L 10 2 22 12 00001 FDIV 12 2013 DER 0 0000 1T001004 FDIV3L 10 2 22 12 00001 UCG 06 2013 DER 3 0000 1T001009 UCG3R3 6 9 13 12 00001 FDIV 12 201 5 DER 0 0000 1T001023 FDIV5L 10 2 2211 2 00001 UCG 06 2014 DER 2 0000 1T001 044 UCG4R2 3 9 13 12 00001 ATL 12 2012 DER 0 0000 1T001064 ATL2L 0 7125 1 2 00001 CPR 12 2012 DER 0 0000 1T001064 CPR2L 36 8 3 12 00001 UNI 12 2012 DER 0 0000 1T001066 UNI2L o THOM 2 00001 UNI 12 2012 DER 0 0000 IT001066 UNI2L 7 40 12 ololololololololo ninn Omn on n NI N H N H9 H9 9 W0 29 a 39 User Guide Septembe
33. e 60 User Guide September 2014 Account type Account Type House Client Quantity Contract quantity Client info Client information Client code Client code 6 11 Open Close Changes This window shows the Open Close changes made on the current and previous days The user has to select the reference market and click the Download button to see the data f Cenfquratien Ede Trade ing Tramferied takes Separated mad Deania Change Oni Cod Chango Dase mis 12 Market IDEM ITALIAN DERIVATIVES MARKET z ba eef z Cor rect number Marketcondractnumber an hype Sub eri i Emai sie Sriep Puti Table columns description Market Trading market Deliver member Deliver member ABI Code Trade date Trade date Contract number Contract Number assigned by the clearing house Market contract Contract number assigned by the market number es Buy Sell Contract side Account type Account Type House Client Sub account Sub account Symbol Alphanumeric symbol of underlying instrument Expiration date Expiration date Strike Price Strike price 61 User Guide September 2014 Put Call ISIN code Series Name Quantity Open Close Request time Request state Return code Client info Client code Option type P Put C Call Security ISIN Code Name of the series Contract quantity Open close flag O open C close O C flag change request time O C flag change request state Return code Client infor
34. e Alphanumeric symbol underlying instrument Expiration date Strike Price Put Call Deliver Account House Client Receiver Account House Client Transferred quantity Position type Long Short H Holding P Processed R Rejected C Cancelled Status Transfer request code Additional information Trading market Product type B bond C equity and fund quotes F future O option R repo V convertible W warrant 68 User Guide September 2014 Deliver Info Client information of deliver member Deliver Code Client Code of deliver member Sub Account Sub Account Position Value Counter value Receiver Code Client Code of receiver member Receiver Info Client info of receiver member Series name Name of the series f ite Fi n pe fl Cia i 14 ata en Le ie Seiinsd Deiver member Deiver name Receivermember ISINcode Symbol Exprydate Stike price PutfCall Long Shor 7 22133 CITIGROUP 00001 001080 AZ 122012 0 3700 c Operational steps description 1 Select Open Close option 2 Insert data into the Sub Account code field optional 3 Insert data into the Client code field optional 4 Insert data into the Client info field optional 5 Select Confirm or Reject The CC amp G system lets transfer requests expire if no action is executed 6 Press OK to confirm 69 User Guide September 2014 A confirmation message informs the user that the transaction has been successful
35. e Crewthan sale eey ine Mamet raster Fate Lua s pervades Pas tees eet inet py Peet ae ER gi E IMH EHINI Uae He Pio Ho OH E aail ezani saeti i Ne Yes kHH TEST a Fat Fs Fir Fe ii rin THF 007 Oud Pree pe EHEN Hi kir patdi CLH aTi arhit i Ne ved 6000 1 TUG ETTE EEEF i Ma ven User Guide September 2014 Table columns description Market Member Account Type SubAccount Activation date Disabling date Creation date Modify date Market maker flag Liquidity provider flag Keep net position flag Net Margin Flag Sub account status Each subaccount can be modified or disabled Trading Market Member ABI Code Account type House Client SubAccount identifier Sub account activation date Sub account deactivation date Sub account creation date Sub account modification date Flag Market maker Flag Liquidity provider Flag Keep net position Net Margin flag Sub account state Add New Subaccount This function allows to create a new subaccount Add new Subaccount Market IDEM ITALIAN DERIVATIVES MARKET Member code 00001 Account type Sub account Activation date Keep net position Net margin 28 User Guide September 2014 The user is required to specify the new sub account details in the dialog window The following fields have to be selected market member code which a sub account is assigned to account type House Client sub ac
36. ed 64 7 1 Transferred Trades to be Confirmed 64 7 2 Transferred Positions to be confirmed 67 8 0 Exercise and Assignments 71 8 1 Exercise request 71 8 2 Exercise Request History 73 8 3 Expiry exercises requests 76 8 4 Assignments 78 9 0 Guarantees 80 9 1 Collateral Guarantees list 80 9 2 Deposited guarantees 81 User Guide September 2014 10 0 Report 83 10 1 Report 83 11 0 Tools 86 11 1 Clearing messages 86 11 2 Intraday Margin Call 87 12 0 Appendix A Regular Expressions 88 User Guide September 2014 1 0 Introduction This chapter describes the main features of the application Besides it provides the user with the needed information aimed at its correct use 1 1 About BCS The Blt Clearing Station BCS for IDEM is a GUI application allowing an authorized user namely a Clearing House member to execute clearing operations on IDEM Derivatives markets traded financial products The application allows to e Receive trades executed by members in real time and their own non clearing members in the current trade date and in the last trading days e Perform transfer split open close and client code change operations e View the history of a specified trade e Receive positions in real time and perform rectify transfers subaccount change and exercise operations e Manage exercise and assignments operations e Manage subaccounts e Download clearing reference data e Receive intraday margin calls and m
37. equests expire at the end of trading day if no action is executed 6 Press OK to confirm A confirmation message informs the user that the transaction has been successfully committed 7 2 Transferred Positions to be confirmed This window shows the incoming Positions Transfers which have not been accepted rejected yet by the customer The user has to select the reference market and click the Download button to see the data The user can accept reject a incoming positions right clicking on the selected positions and selecting the Accept Reject function The clearing house system will perform the transfer only after the user accepted the received position Received positions can be allocated on house or client account vartet DN Tanana r a PA lt Fig D hein T PRC Os caha ie Del inte coy Rec Harber OF L 07 PodiTie 0N Rex Inds g Fibes df Transfer date Dee member fecevermember ISINcode Sereename Symbol Expiry dase Strikepree Putfcal Ook pecou 67 User Guide September 2014 Table columns description Deliver Member Receiver Member Deliver Name Receiver Name Transfer Date ISIN Code Symbol Expiry Date Strike Price Put Call Deliver Account Receiver Account Volume Long Short Status Request Code Additional Info Market Product Type Deliver Member ABI Code Receiver Member ABI Code Deliver Name Receiver Name Transfer Date ISIN Cod
38. es it shows the separated trades list Open Close Changes it shows the list of trades whose open close flag has been changed Client code Changes it shows the list of operations of client code change 49 User Guide September 2014 e Trade History it shows all the clearing operations on the selected trade in which the customer is involved 6 2 Trade list This windows shows all the trades owned by the customer General Clearing Members can see also the trades of their Non Clearing Members The user has to select the Market and the Date also the Account Type and the Trade Side for previous days f Trades lt Topretered backs Senarated races OoeyGhet Changes Cemi Code Changes S FTAA DERIVATIVES N er eaa die al aed Ps a jane LOSE Mariet ADEM ITALIAN DERIVATIVES MARKET Dos V AEG E E wt Pera AG Cocke af Ghent oade t iiba f e FC OF B 07 kaTme OF Cieni d Sub account a ined ot AB Code Eionde Seretewme Order sumter Conactnumber Orgralcontectnumber Market contract mumber dede Trade tee CS Cee amp lise 1S ite Ald ee ee ee ee J T DODN imopenen aD E ieee l TOPs woo aul 7 T POOE MEI AMACI 124 TASAA Ta A Ot MOr AMADA im jo 1OHSAD ihe Ald Table columns description Contract Number Clearing house registered trade identification number Original Contract Number Clearing house trade identification number before separation In case of multiple separation
39. essages from the clearing house e View deposited guarantees e Receive and save settlement reports provided by the clearing house 1 2 Work environment The Blt Clearing Station is based on a client server architecture the server layer is located at one of the IDEM server farms and connected to the Clearing House and markets through their User Guide September 2014 network access points On the other hand the client layer is installed on Clearing House members PCs BCS client is the sole comprehensive solution for all IDEM clearing functionalities The electronic platform supporting the client application is structured to make its access independent from the technical frame features of central systems 1 3 How to get started In order to access to the clearing services through BCS the user needs a login name a password and a Member Code These data have to be requested to Borsa Italiana BCS client can be downloaded from the Borsa Italiana website www borsaitaliana it and installed on one or more members PCs The BCS workstation needs Java Virtual Machine V 1 5 or higher A compatible version of the JVM will be installed during the setup process of the BCS Client The client can be used to reach production or test environment CDS By default the Client will point to the production environment The user can select the desired environment at the startup in the login window Before starting the application is warmly sugg
40. ested to the user to uninstall any previous version of the BCS Client and to test the connectivity from the local desk to the BCS application servers This involves the following steps e close the BCS client if running e verify with the customer network department if a natted IP address is used to reach the BCS application servers instead of the real addresses If the real IP address is used e go into the BCS Client installation directory usually C Program Files Borsa Italiana BCS Client XXX and locate the GKApi_J_Version cfg file in the etc Server directory e verify that the file contains the real IP addresses of the BCS application servers the ip address should be specified in the TCP_IP tag of each application server User Guide September 2014 BCSAPPSVRO1_PROD TCP_1P as TCP_PORT 34900 KEEPALIVE_TIMEOUT 20 TRANSPORT_BUFFER 1024 APPLICATION _WINDOW_SIZE 20000 TRACE_LEVEL INF TRANSACTION_BUFFER_SIZE 2000 SUBSCRIPTION_BUFFER_SIZE 2000 INQUIRE_BUFFER_SIZE 2000 TCP_BUFFER_SIZE 10240 e telnet the BCS application server IP addresses and ports from the user local PC e if the telnet does not work please verify with the customer network department if the telnet attempt is filtered by any internal firewall If a natted IP address is used e go into the BCS Client installation directory usually C Program Files Borsa Italiana BCS Client XXX and locate the GKApi_J_Version cfg file in the etc
41. he subaccount client code links related to that subaccount In both cases it is possible to specify the Account Type and or the first letters of the client code to filter the results Dba ligt Cui r Gas a Aba aa Mbel DEM TALLAN DERIVATIVES MARRET Annt ipe House Oeni code Member OOOO Market Member Chers iode Account type DER bwi GLH H CLH DER 00001 TESTCODE H ONN Table columns description Market Member Client code Account type Sub account Creation date Modify date erT J Beki Cooney Subseccouret be ee a il beer aiaee d Airi Arii hari ante Trading Market Member ABI Code Client Code identifier Account type House Client Sub account identifier When the sub account was created When the sub account was modified 30 User Guide September 2014 Sub account status Sub account state Add Customer SubAccount link This function allows to create a new subaccount client code link If both House and Client Account types have been set up for that subaccount the user has to specify which one House or Client he wants to associate to the client code IDEM ITALIAN DERIVATIVES MARKET 00001 m Client code Account type Sub account Subaccount ClientCode Link Modify The user can right click a specific subaccount client code link and choose the Modify option A pop up window will be shown Here the user can choose a new subaccount that will be assigned to
42. icipant pacer bye Deposit ID Alcan type Sub otari om _ 5000 c 02008 GO OF PUPA is e 95000 c 2600 oO OF i 95083 H 002610 OF In order to modify a subaccount the user has to select a new value in the SubAccount field to modify the allocation just select O option or F future is possible to perform both these changes simultaneously Click the OK button to send the modifications to the system The results will be shown into the columns Allocation type change result and Sub account change result 82 User Guide September 2014 10 0 Report This window shows the list of clearing reports provided by the clearing house together with the Order and Trades files provided by the trading system 10 1 Report This window shows the list of the clearing reports available on a specified date Some reports are available in a multiple format so the user can select to download them in TXT PDF or XML A GCM General Clearing Member can manage and download also its NCM reports simply selecting the corresponding tab Configuration Ett Date DIT Download bd cb oI f CEP Positons ozre Bene Slotk Opten Praga Exerases Stock Option Expiry Assigned Position Options Exercisediassigned to be sottied a1 Expired Futures Positions to oe seftled Deliveries for COP semitas incorporates options and futures i Option Open Positons Opton Open Positions in sub accounts Failed Position E
43. immediately notify Borsa Italiana S p A at service desk borsaitaliana it Your co operation is appreciated Contacts Service Desk Italy Borsa Italiana Client Technology Services Italy LSEG Email service desk borsaitaliana it www borsaitaliana it London Stock Exchange Group
44. in case a positions lack occurs in the time frame between the request sending and counterparts acceptance due to market executed trades on the transferred series Insert data into the Additional Info field optional Insert data into the Client Code field optional Insert data into the Client Info field optional Insert data into the Sub Account field optional Select the Receiver Member Press OK to confirm SER Ep A confirmation message informs the user that the transaction has been successfully committed 42 User Guide September 2014 5 5 SubAccount changes This function allows to change the subaccount of a specific position Once selected a position it is possible to assign it to a different subaccount contextually it is possible to make a modification of gross position rectification and assign a part of the original position to the new subaccount SubAccount changes 43 User Guide September 2014 5 6 Exercise request This function allows to execute an early exercise request on the specified position Right click on a position in the positions list in order to access this function Market id IDEM ITALIAN DERIVATIVES MARKET Abi code 00001 ISIN code 170010448451 Serie Name UCG4R2 a Symbol H Sub account OMN j Quantity Exerdse type Early exercise Additional info The user has to specify the amount to exercise The quantity field is limited to four digits In order to early exer
45. iration month Expiration month 76 User Guide September 2014 Account Type Sub account Exercise time Exercise date Exercise type Available quantity Rejected quantity Product type Requested quantity Proposed quantity Proposed price ITM OTM amount Account Type House Client Sub account of the position associated to the operation Time exercise request has been forwarded Date exercise request has been forwarded Exercise type P Proposed E Exception Available option quantity Rejected option quantity Series type Requested quantity Proposed quantity Underlying price in the money out of the money amount Ex by ex Request This function allows to exercise out of the money options or abandon in the money ones on expiry In order to access the function the user has to right click on a row in the list of the expiry requests 7 User Guide September 2014 x Exercise request The quantity field is limited to six digits Every exercise by exception sent replaces a previous request already sent on the same ISIN Code Abi Code Account Type Sub Account After having inserted the quantity the user could insert an additional information in Additional Info free text field and click OK The list of exercise requests can be seen through the Exercise Assignments main menu into the Exercise Request History submenu Please notice Is possible to perform an ex by ex also in
46. l Account type Expiration month Producttype Market Strike price PulfCal ISJN code Seresname long Short Opening date _ Last opera 03045 UCG C 06 2013 gt DER 3 0000 P IT001009 UCG3R3 680 606 9 1312 9 The Filters flag allows to enable disable all the filters set A single filter can be disabled when the mouse focus is on the filter box by pressing ESC key In filters where editing is allowed regular expressions can be used to filter data set of interest See Appendix A Regular Expressions 19 User Guide September 2014 Ctrl W sequence key allows to show hide the window tool bar as well as quick filters Quick filers are not saved during client logout procedure 3 3 Saving and closing windows The Save Environment function in the File menu of the main tool bar window allows saving the windows current configuration i e static filters characters colors sort criteria etc The configuration is saved before closing and exiting the BCS client 3 4 Data print Many windows allow to print displayed data to a specified printer A The Print Preview command allows viewing data before printing A i lt The Print command allows sending data to a specified printer Only data shown on the screen are printed hidden columns if any or filtered data will not be printed 3 5 Data export to Excel spreadsheet or ASCII file BB save command allows saving windows data to an Excel spreadsheet o
47. lect the reference market the participant ABI Code and click the Download button to see the data The use can also select the ITM OTM flag in order to download only in the money or out of the money ex by ex requests if the flag is not specified all the requests will be shown i z TIm i Scere Sis hos a a e Be Configuration Eda Earby gerdaes sent Exercses by exceston sent Mares IDEM ITALIAN DERIVATIVES MARKET ibida 00001 MMO Bowed TP b E a am 7 Fears ABT code 0f isin code F Symbol OF Accounttye Off TOT Of Sthe m Putica oF Subsccount OF v Fitters off eee 74 User Guide September 2014 Table column description Market Abi code Symbol ISIN Code Series name Strike Put Call ITM OTM Expiration month Account Type Sub account Exercise time Exercise date Additional info Quantity Product type Requested quantity Proposed quantity Underlying price Status ITM OTM Trading market Abi code of the company which has executed the exercise request Series identification code Option ISIN code Name of the series Strike price Put Call In the money Out of the money Expiration month Account type House Client Sub account of the position associated to the operation Time exercise request has been forwarded Date exercise request has been forwarded Free text additional info Executed option qu
48. ly committed 70 User Guide September 2014 8 0 Exercise and Assignments Exercise Assignments menu allows the user to send early exercises or ex by ex requests Furthermore it is possible to display all the exercise requests executed on a specific date on house client account the exercise proposals on expiry and the assignment messages received by the clearing house 8 1 Exercise request The Exercise Request function allows the user to send Early exercise requests on an American type options 2 Ex by ex exercise requests to partially or entirely exercise an out of the money option which would be otherwise abandoned by the clearing house 3 Ex by ex exercise requests to entirely abandon an in the money option which would be otherwise exercised by the clearing house Each of these actions can be performed via the Exercise Request dialog IDEM ITALIAN DERIVATIVES MARKET 0001 m 170010646344 Select Mode SereName PRA Account type H Sub account Quantity Exercise type Early exercise Additional info 71 User Guide September 2014 Operational steps description l Please notice Select a market into the Market Id field and insert the ISIN code of the option to exercise into the ISIN Code field you can also select the option to exercise in the Series name field that will automatically set the ISIN into the ISIN code field select the clearing member into the Abi C
49. mall character of the alphabet Mixed cases can occur albcq z looks for b c q r s t u v w X y Z Just as a cq z Finds every small character not included into the brackets For instance abc finds all the characters different than a b o c az looks for every character different than small letter Indicates the beginning of the string Indicates the end of the string Define a sub expression X which recurs 0 or one time X which recurs 0 or several times X Which recurs at least once X which recurs twice exactly X which recurs at least n times X which recurs at least n times and no more than m times X followed by Y XorY 88 User Guide September 2014 X and Y are regular expressions Some examples follows ab all the strings which start by a or b a c a all the strings which start by a b e c but which end by a s 2 all the strings which have two s at any point of the sequence cu t p strings which end by cut and cup 89 Each and all information contained in this document are confidential legally privileged and protected by applicable law Any disclosure distribution copying or other diffusion of this communication is strictly prohibited If you have received this document or part of it in error are not the intended recipient nor an employee or agent responsible for delivering this message to the intended recipient please
50. mation Client code 6 12Client Code Changes This window shows the Client Code changes made on the current and previous days The user has to select the reference market and click the Download button to see the data fF Trades Configuration Ede Trae bat Transformi tades Separated tades CpnnyiClode Changes Ceni Cache Chased Babe UVES Maket IDEM TALAN DERIVATIVES MARKET b ae anam Meke Dehe member Trdedete Conmrecinumier Main oii umbe De Accountiye Opereer Sub nan Chentcode Ongeal s User Guide September 2014 Table columns description Market Deliver Member Trade Date Contract Number Market contract number Buy Sell Account Type Open Close Original Client Code Original sub account Client code Gross position rectification Symbol Expiration date Strike price Put Call ISIN code Series name Quantity Transaction time Type Return Code Contract value Client info Trading market Deliver member ABI Codice Trade date Contract number Contract number assigned by the market Operation side B buy S sell Account Type House Client Open Close Original Client Code identifier Original sub account identifier Client code identifier Gross position rectification flag Alphanumeric symbol of underlying instrument Expiration date Strike price Put Call ISIN code Name of the series Quantity Transaction time Type Return Code Contract value Client Info 63
51. ng the corresponding row and then clicking the Delete button a dialog window will pop up to confirm that the operation has been committed User Guide September 2014 4 7 Automatic Give up The Automatic Give Up menu allows to manage International Give Up and Contract Transfer operations automatically using client codes associated to specific participants Automatic Give up codes can be set on both sender Give out and receiver Take Up sides Customers can set Give Out and Take Up client codes in order to automatically transfer trades among different participants Give Out The list of Give Out client codes available on the Clearing System can be shown selecting a specific market a deliver member and clicking the Download button Configuration Edit Give Out Take Up Market IDEM ITALIAN DERIVATIVES MARKET y Deliver Member 00001 w Account Type Add new Give Out VIXIE dS V Filters Client code Off Filters off Market Delivermember Account type Clientcode Receiver member Gross position rectification Description code Activation date Inactivation date Creation date cc dc 5 9 12 BITtoGS BITtoDB 6 24 11 C N 4 18 12 RTYU RTYU 5 22 12 3 29 12 Table columns description Market Deliver member Client code Account type Receiver member Trading market Deliver member code Client code A
52. ode field Select H option in the Account type field to exercise the option on house account or select C for Client select the subaccount associated to the position to execise in the SubAccount field Insert the volume to exercise in the Quantity field For early exercises the quantity field is limited to four digits In order to early exercise a quantity with more than four digits the user should send more than one request to cover the whole amount of positions to exercise e For exercises by exception the quantity field is limited to six digits Every exercise by exception sent replaces a previous request already sent on the same ISIN Code Abi Code Account Type Sub Account Select the Exercise Type Early exercise Exception in the combo box Insert any additional information into the Additional Info field Press Insert to confirm An early exercise can be executed also in the Position List window reachable from the Positions item of the main menu An ex by ex exercise can be executed also in the Expiry Exercises Request window which can be accessed from the Exercise Assignments item in the main menu 12 User Guide September 2014 8 2 Exercise Request History The Exercise Request History window shows the list of executed ex by ex and early exercise requests Early exercises sent The user has to select the reference market the participant ABI Code and click the Download button to see the
53. ows color configuration Background Table rows background colors configuration Sort Sort rows according to specific criteria Visible columns Hidden columns ABI Code ISIN code Series name Order number lt lt Add all Contract number Original contract number lt Add Market contract number Contract state Trade date Trade time Add all gt gt Account type Symbol Add gt aw Move up Move down Ok Apply To Cancel Y The Filter button in the Configuration menu allows to enable a set of filters on the displayed data 18 User Guide September 2014 mepe e ani code TSIN oode Series name ount bene yai Exprabon manih Dris price er ae Bun keel Deen Clea Trade pice Guaniiy Lieni iode Cieri info bimiet A Where allowed regular expressions can be used See Appendix A Regular Expressions E F The Toggle View button in the Configuration menu allows to show hide the window tool bar The same function can be enabled using the function key Ctrl W 3 2 Quick filters In many windows it s possible to set quick filters a Comiguration Eda Positions Lst Rectified poaitors Transferred posttons SubAccount changes Market IDEM ITALIAN DERIVATIVES MARKET Account type Cent Position type Ordinary Download Y ESPEP O mE e v Filters Member Off v Symbol ProdType OfF PIC Off Subaccount Off Of Fitters off Member Symbo
54. paration will be shown in the Contract Number column of the window dialog 54 User Guide September 2014 6 6 Open Close Change To execute an Open Close Change the customer has to download the trade list Then he has to select one or more trades and right click on them to access the Open Close Change function Transaction result Clase Operational steps description 1 Select the Open or Close flag option 2 Press OK button to confirm A confirmation message informs the user that the transaction has been successfully committed 6 7 Client Code Change To execute a Client Code Change the customer has to download the trade list Then he has to select one or more trades and right click on them to access the Client Code Change function In the Client Code Change window the user has to specify the new client code and optionally the client info 55 User Guide September 2014 jinsa Contract number Market Buy Sell C entcode Gross positon rectification Chert info Transaction result Bl New Codel 19393 DER Yes i No It s also possible to insert the same Client code and the same Client info for multiple trades at the same time in order to do this the customer has to select more than one trade in the Trades List window and select Client code change in the quick selection menu after this its possible to insert the same value in all the trades in the Client code and in the
55. pected deviation of the underlying price ST settled CSH cash settled FUT future Tradable series window shows the list of the standard tradable instruments for the current date Only the tradable series of the markets the customer belongs to are shown Ee TXAB Filters on Symbol Product type Strike price Put Call Market TEN 19 0000 DER 1T001067 TEN2X19 ISIN code n Seriesname Expiry day 12 21 12 12 21 12 Last trading day 12 20 12 12 20 12 0 0069 4 6467 Closing price Last day price Clos 4 6364 0 0000 TEN 19 0000 _ DER 1T001067 TEN2L19 TEN 22 0000 DER 1T001098 TEN2W22 TEN Of 22 0000 TiO O 1T001098 11 16 12 __TEN2K22 11 16 12 6 21 13 11 15 12 7 5200 1415 12 0 0000 6 20 13 0 1781 0 0000 0 0000 0 0000 TEN 19 5000 DER IT001093 TEN3F19 50 TEN 19 5000 DER IT001093 TEN3R19 50 TEN 19 0000 DER I1T001093 TEN3R19 O D D O 6 21 13 6 21 13 6 21 13 6 20 13 5 4828 6 20 13 5 0249 6 20 13 0 2209 5 1223 4 6230 0 0003 TEN 19 0000 DER IT001093 TEN3F19 TEN 19 5000 DER 1T001095 TEN2J19 50 TEN Of 19 5000 TEN 21 0000 DER TEN 21 0000 DER TEN 21 0000 DER 1T001095 TEN3021 O n J 1T001095 4 1T001095 TEN3R21 10 19 12 6 21 13 __TEN3F21 6 21 13 3 15 13 10 19 12 10 18 12 0 0000 6 20 13 6 8991 6 20 13 0 0946 3 14 13 6 6584 10 18 12 6 5200 0 0000 0 00
56. r 2014 Table columns description Member Symbol Account Type Expiration Month Product Type Market Strike Price Put Call ISIN Code Series name Long Short Opening Date Last Operation Long at opening Short at opening Transfer Price Intraday exercises Intraday assignments Exercises Assignments In the money amount Member ABI Code Alphanumeric symbol of underlying instrument Account type House Client Expiration Month Product type B bond C equity and fund quotes F future O option R repo V convertible W warrant Trading Market Strike Price Option type Put Call ISIN Code Name of the Series Long current positions Short current positions Position opening date Last operation date Long positions at market opening Short positions at market opening Transfer price Early intraday exercises Intraday assignments Early exercises Assignments In the money amount SubAccount Sub Account 40 User Guide September 2014 5 3 Rectify Position The user can access the Rectify position function right clicking on the position he wants to modify The Rectify Position window allows to increase decrease positions in share or index options on client account Executing this kind of operations on its own account or on other financial instruments is not allowed The rectification is allowed only for IDEM market and only for client account types ISIN code 170010091590
57. r ASCII PDF file 20 User Guide September 2014 4 0 Archives This menu displays clearing reference data like available markets product classes tradable series and clearing house members It allows also to manage sub accounts and automatic give up codes 4 1 Markets The Markets window shows the information concerning the markets the customer belongs to Configuration IE 7 Fillers off Acronym Alpha code Description MIC MERCATO INTERB COLLATERALIZZ4TO Table columns description ld Market identification code Acronym Market identification name Alpha code Market alphanumeric code Description Market description 21 User Guide September 2014 4 2 Classes Classes window shows the list of the classes of the markets the customer belongs to A class is a group of derivatives instruments options or futures with the same underlying Ele Symbol Froduct type Productgroup Description Market ISIN code Underlying Min margin Margin ir interval Settlement type Contract size of ACA CREDITA MTA FRODOO ACEA DER TATE ACE Of ACE ACEN ACE Foe rer DeR ono ACE Oo BE AEA BEE aco ACOJACOTELG MTA IT000148 J wo 0 000 ss s n ACP CC ACP ACQUEP MTA iT000426 ACP ooo 21235 s 1 ACS C ACS ACSM AGAM MTA iT000138 acs ooo tt ST ACT C ACT ACTEUOS MTA act ooo 1525 Ss d AE C AE AEDES MTA iT000007 AEJ 0o00 2825
58. se original trade identification number before separation In case of multiple separation the original trade contract number is shown Trade side Buy Sell Optional free text notes Client alohanumeric Code Sub account Sender ABI Code Receiver ABI Code Client information of deliver member Client information of receiver member Clearing operation This window shows the International Give ups and Trade Transfers executed on current or previous days for the customer and its NCMs Both the received and the transferred trades are shown The user has to select the reference market and click the Download button to see the data 57 User Guide September 2014 T Trades Configurabes Echt Trades iat Tearaferved badet Separated Tedes OpernGoue Changes lent Cade Changes Cane MOISII w Market IDEM TALLAN DERIWATTVES MARKET TY Jo fa Pee fe Henter OF Dal bri ON Ber i oe Eyi mari ERN coca en Tae Een meie Contract cumber Cigna poria i sore Markert contract number The color of the row shows the transfer status according to the following table Color Status Green Processed Red Rejected Yellow Holding White Cancelled Description The receiver accepted the transfer The trade is now owned by the receiver The receiver rejected the transfer The trade is still owned by the sender The receiver didn t accept or reject the transfer yet The trade is still owned by the sender
59. the Exercise Request window that can be reached from the Exercise Assignment main menu 8 4 Assignments This window shows the list of the assignments received from the clearing house The user has to select the reference market the date and the member ABI Code and click the Download button to see the data Ceefiguraben Ete Ayeni Cate DASE v Meret IDEA ITALIAN DER AID EES MART Abe oe DOIL r Ceard YF boa aia i a Alters AR code OF Symbol OF Anami bpe OT Strike aT Expr ston month of Ats o e Sbecort oy Fiters aff D Meka AED oaie ESSN code See mae Serta Aaremearnt tye Ear ator month Aime date Striker Pacat ub sonst Abayed gr 78 User Guide September 2014 Table columns description Market Abi code ISIN Code Series name Symbol Sub account Expiration month Strike Account Type Put Call Assignment date Please notice Trading market Clearing member Abi code ISIN Code Name of the series Underlying alohanumeric code Sub account Option expiration date Strike price Account type House Client Put Call Assignment date When CC amp G assignments calculation finish a warning is displayed in the Clearing message window 19 User Guide September 2014 9 0 Guarantees This window shows collateral securities deposited with CC amp G 9 1 Collateral Guarantees list Collateral guarantees item shows the list of se
60. the client code Market IDEM ITALIAN DERIVATIVES MARKET Member code 00001 Client code Account type Sub account 31 User Guide September 2014 Subaccount ClientCode Link Inactivation The user can right click a specific subaccount client code link choose the Delete option a pop up window will be shown Here the user can inactivate an existing subaccount me Delete customer sub account link Market IDEM ITALIAN DERIVATIVES MARKET Member code 00001 Client code CLH Account type House Sub account CLH Customer Sub Account changes This window shows all the changes made during the current business day on subaccount client code links for a specific Member All displayed changes will be active from next business day Configuration Edit ee eo ook ERE IERIE GIB Member Clientcode Account type Subaccount Sub account change request Sub account change time DeR ooo tst o inert 32 User Guide September 2014 Table columns description Market Member Client code Account type Sub account Sub account change request Sub account change time Time at which the request was made Trading Market Member ABI Code Client code identifier Account type House Client Sub Account identifier Description of requested operation type It is possible to delete each new subaccount client code link just right clicki
61. the original trade contract number is shown ABI Code Member ABI code ISIN Code ISIN code Series name Name of the Series Order number Unique identifier of the order Market contract number Contract number assigned by the market Contract state The state of the contract T trade C trade cancel Trade Date Trade Date 50 User Guide September 2014 Account Type Symbol Expiration Month Strike Price Put Call Buy sell Contract Price Quantity Trader Id Client Code Transferred Quantity Client Info Market Trade Source Sub Account Market Source 6 3 International Give up Account Type House Client Alphanumeric symbol of underlying financial instrument Expiration month Strike Price Option type Put Call Trade side Buy Sell Trade Price Trade Quantity Trader identifier Client alohanumeric Code Transferred quantity Optional free text notes Trading Market M Market G Give Up S Split D Data Entry Sub account Market Source of the trade To execute an International Give up the customer has to download the trade list Then he has to select one or more trades and right click on them to access the International Give up function The International Give up dialog window allows to send the selected trades at execution price to a counterpart who is a clearing house member This function is available only on T trades Besides performing the trade transfer this function executes the settlement
62. uted N not executed Sub Account 45 User Guide September 2014 5 8 Transferred positions Through this menu it is possible to view positions transfers executed at current or at the specified date The user have to choose the reference market in the Market list before clicking the Download button Compin Edi Feind i Rewind Doks Tenere APO Suipi changes Market OEM ITALIAN DERZLATIVES MARKET Date S F Kerala Se Le Miraa Pig of Table columns description Deliver Member Receiver Member Deliver Name Receiver name Transfer Date ISIN Code Series name Symbol Expiry Month Strike Price Put Call Deliver Account Receiver Account Sender ABI Code Receiver ABI Code Sender name Receiver name Transfer date ISIN Code Name of the series Alphanumeric symbol of underlying instrument Expiry month Strike Price Option type Put Call Deliver Account House Client Receiver Account House Client 46 User Guide September 2014 Volume Long Short Product Type Market Transfer price Status Request Code Transferred Received Additional Info Deliver Info Deliver Code Sub Account Position Value Receiver Code Receiver Info Deal transferred volume Position type Long Short future O option R repo V convertible W warrant Trading market Transfer price Status H Holding P Processed R Rejected
63. vailable The report window always shows the most recent version of a report in case more than one update is sent during the same day After the selection the download of the report will start showing a progress bar that will alert about the remaining and the elapsed time for this action The user can abort the download clicking on the break button and then on Close Downloading report D14A a Status Waiting for response Progress Elapsed time 00 00 00 Remaining ime 85 User Guide September 2014 11 0 Tools This menu allows to view clearing messages and intraday margin calls 11 1 Clearing messages This window shows the list of free text messages sent by CC amp G operators i e technical issues urgent notifications etc This window will be automatically shown to the customer in case of new notifications E Clea ring messages Description testinvio messaggio generico del 130712010 Assignments calculation completed 86 User Guide September 2014 11 2Intraday Margin Call This window shows the request of additional intraday margins issued by CC amp G to the participant This window will be automatically shown when a new intraday margin call will be required by CC amp G to the clearer or to one of its NCMs E Intraday margin calls Configuration Edit te H BANGA TP SPA TRS OERIVATIVES LTO AILE MERCATO SPA E ON ENERGY TRADING 5 P 4 Sequence number
64. ver member Trading market Client information of receiver member Client Code of receiver member Sub Account Transfer mode Automatic Manual Cancel Transfer Request Pending trade transfers with status H Holding can be cancelled by the deliver member The user has to right click on the pending transfers and select Cancel Transfer Request 59 User Guide September 2014 Rete member Contact rumber Origa cotrect pumber Trade date Treacher date Guy Sel Price 00001 MOOTRROTESS JI 10542 TOE TS m Click the OK button to confirm A confirmation message informs the user that the transaction has been successfully committed 6 10Separated trades This window shows the separated trades for the current and previous days a ipie E Trades Conhgurstion Ede Teades bas Trareiered bades Separated madii Goeniclcam Charges Ghent Code Changes date wri C IEE OC Contactnumier Orignal cosractnumber Maret contractrumber Sencaname Trade date BOOT haao 1onisAz A WaLOS7 Jonsiz Table columns description Contract number Contract Number assigned by the clearing house Original Contract Contract Number assigned by the clearing house before separation number In case of multiple separation the previous separated trade contract number is shown Market contract Contract number assigned by the market number Series name Name of the series Trade date Trade date Buy Sell Contract sid
65. xpered Options Futures Open Positions Futures Open Positions i sub accounts ephoria ExerisedAssigned BCS Transters Option Contracts Options tansiered under peve up F 1 04 bytes ECA Monthly Fee Report Nel Fosbons of F ures Contacts 1 84 bytes 1 19 bytes Futures Received under geve up 1 D byies a 1 Gyles 83 User Guide September 2014 Table columns description Type Report type identification code Description Report description PDF PDF Report availability status and zipped file size XML XML Report availability status and zipped file size TXT TXT Report availability status and zipped file size ZIP ZIP Report availability status and zipped file size Only for RISK file GCM GCM Partecipant Code the report refers to Operational steps description l Select the Date and press Download button to view available reports for that date 2 If you are a GCM General Clearing Member more than one tab will appear allowing to choose the participant for which you want to download the report 3 Select the row of the desired report and right click on the row Depending on the availability of the formats you will be able to open them Show Report as or save them in the local PC Save Report as Show report as PDF Save report as XML TXT HEG 84 User Guide September 2014 Please notice For Risk file only the Save report as functionality is a

GUI User Guide - Borsa Italiana

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