Securities

Securities are items such as stocks and shares, houses and cars. These items do not comprise accounts in their own right, but need to be held as a Holding of a number of units inside a portfolio to have a value.

The value of a holding is the SecurityPrice multiplied by the number of units in the holding. Various transactions may affect the number of units in the holding, and obviously price changes and where appropriate exchange rate changes will affect the value of the holding.

The price of the security is defined in a specified currency. If this is different from the reporting currency, then the value of any holding is reported in both the local and reporting currency.

Some types of holding may generate deposit payments, which can be re-invested in the holding or else paid out to the portfolio cash account or other deposit account.

Each security has a parent institution, so for example a Barclays share would have Barclays as a parent. For reporting purposes, the dividend is deemed to be income from the parent of the security.

Each security account belongs to a securityType that controls reporting of holdings of the security and can also restrict which transactions can be performed against a security.

The various tytpes of security are as follows