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Add and Maintain Securities

Contents

Introduction

You can add securities and change specific settings for those securities. These settings include adding category information, reporting information, setting trading restrictions, adding custom fields, and more. These settings allow you to report and trade securities accurately.

Maintaining your securities gives you these important benefits:

• Easy to maintain.You can maintain your security information in one place. There's no toggling between programs and no synchronization necessary.

• Multi-edit functionality.Increase productivity by editing multiple securities at a time.

• Customization.Customize how your securities appear by controlling the order they appear on reports, adding custom fields, customizing how the security is traded, and more.

When you edit a security, you'll be able to see the price as of date, along with the symbol, CUSIP, and other details.

For more information on creating views and filtering results on the Securities page, see Securities Page Actions, Views, and Filters.

Security Types

The following security types are available: 

• Equities.Common stock, preferred stock, and warrants.

• CDs.Certificates of deposit and interest-bearing commercial paper.

• Commercial Paper.Discounted commercial paper.

• Fixed Income.Treasury bonds, treasury notes, corporate bonds, municipal bonds, notes, zero coupon bonds, fixed annuities.

• Cash & Money Funds.Money market mutual funds, bank money funds.

• Mortgage-Backed.GNMA, FHLMC, and FNMA mortgage pass through securities, CMOs.

• Mutual Funds.Mutual funds (except money market mutual funds), closed-end funds.

• Options.Option calls and puts, but not futures.

• T-Bills.Treasury bills.

• Unit Trusts.Unit Investment Trusts (UITs), including GNMA unit trusts.

• User Defined.Limited partnerships, insurance, variable annuities, real estate, REITs.

For each security you edit, different settings may appear for each security type, such as qualified status, description, interest rate, dividend dates, etc. For more information, see Security General Settings.

You cannot change an existing security type. For more information, contact your Tamarac Service Team.

Create a Security

If you need to add a security that a client has never held before, you want to add a security that's currently unknown, or add a security for the purpose of security mapping, you can create a security using the following steps: 

1. On the Setup menu, under Security Settings, click Securities.

2. Select Create a security in the Actions list.

   

3. Enter the Symbol and Security Type for the new security, and click Next. For more information on security types, see Security Types.

   

   Once created, Security Type cannot be changed.

4. On the security settings panel, enter applicable settings for the security on the following tabs: 

   

   Settings Tab		More Information
   General		Change general information about the security such as the qualified status, annual dividend, description, and more.
   Reporting		Change information that affects how a security appears in reporting, such as assigning a benchmark and assigning category information.
   Rebalancing	Restrictions	Add restrictions to the security such as limiting the security to only taxable or tax deferred accounts, setting the security as unmanaged, or adding a buy or sell only restriction.
   	Substitutes	Add a substitute, or a direct equivalent security that can be traded in place of the selected security.
   	Trade File Group Settings	Update the specific trading behavior for the security on a per-custodian basis. These settings include specifying an initial investment, round trip period, establishing a transaction fee fund, and more.
   	Custom Settings	Add custom settings for the specific security such as a custom round lot.
   	Security Mapping	Establish an alternate security to represent the selected security—for example, the value of Security ABC is represented by the selected security.
   Custom Fields		If your firm has created security-specific custom fields, enter those values here.
   13F		Shows the SEC CUSIP and other 13F-related information for the last 8 quarters for the security you're viewing.

   Description, CUSIP, and last close price will populate automatically for traded securities.

5. Click Save.

Make Changes to Security Settings

To change the general, reporting, or rebalancing settings for a security, follow these steps: 

1. On the Setup menu, under Security Settings, click Securities.

2. Select the security you want to edit and choose Edit in the Actions list.

   

3. On the security settings panel, edit the applicable settings for the security on the following tabs: 

   

   Settings Tab		More Information
   General		Change general information about the security such as the qualified status, annual dividend, description, and more.
   Reporting		Change information that affects how a security appears in reporting, such as assigning a benchmark and assigning category information.
   Rebalancing	Restrictions	Add restrictions to the security such as limiting the security to only taxable or tax deferred accounts, setting the security as unmanaged, or adding a buy or sell only restriction.
   	Substitutes	Add a substitute, or a direct equivalent security that can be traded in place of the selected security.
   	Trade File Group Settings	Update the specific trading behavior for the security on a per-custodian basis. These settings include specifying an initial investment, round trip period, establishing a transaction fee fund, and more.
   	Custom Settings	Add custom settings for the specific security such as a custom round lot.
   	Security Mapping	Establish an alternate security to represent the selected security—for example, the value of Security ABC is represented by the selected security.
   Custom Fields		If your firm has created security-specific custom fields, enter those values here.
   13F		Shows the SEC CUSIP and other 13F-related information for the last 8 quarters for the security you're viewing.

4. Click Save.

Delete a Security

Deleting securities that are created through your portfolio accounting system (PAS) is sometimes necessary. Only firms managing their own security master can delete securities from Tamarac. If you choose to delete securities from your PAS, they will not be deleted from Tamarac. You will have to manually delete the securities from Tamarac.

If you manually create a security, or if your firm is managing your security master in Reporting, you can delete a security with the following process:

1. On the Setup menu, click Securities.

2. Click the name of the security you want to delete to open it.

3. Click Delete.

   

4. In the Delete Security window, click Delete to confirm deletion.