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Adding transfer trade
Adding a Transfer Trade
Transfer trades are designed to change the physical storage location of securities (equities and bonds) without changing ownership (e.g., transferring to a custodian account).
There are no cash settlements for these trades. Accordingly, PL does not arise.
The following fields are required for this type of trade:
| Name | Description |
|---|---|
| Provider Account | Counterparty/custodian account to which assets are transferred (or from which they are received) for keeping. |
| Instrument | The instrument whose keeping location should be changed. |
| Trade date | Trade formation date. |
| Value date | Trade value date. |
| Amount | Amount of instrument to transfer. |
| Trade price | The instrument price is specified to correctly display the account's Assets. Typically, it corresponds to the price agreed with the client or the market price. For a transfer with a Sell side, this field is set to the price of the last closed day to avoid creating a Daily P/L for the account. |
| Quote amount | Trade amount in the quote asset of the instrument: Amount x Trade price |
| Transaction time | Actual time the trade was formed in the platform. If not specified, the current time is automatically set. |
| Provider commission | Commission debited from the broker's nominee account to the provider's account. |
| Client commission | Commission debited from the client's account to the nominee account. |
| Comment | Custom comment (displayed to the client). |
Please note! Commissions do not apply to such trades; Commissions can only be set manually.
After clicking the Add trade button, it will be displayed in the table of trades for the client and counterparty accounts, as well as in the History section:
If a broker settles directly with a counterparty, then to reflect the storage of a specific client's securities in a custodial account, you can select the custodian account as the counterparty (Account Type = Real, Management Type = Brokerage). Then, after adding a trade, settlements for it will occur in the Backoffice section, which, once executed, will form a securities transfer transaction.