Forward Contracts mimic the cash-flow of the underlying instruments. Therefore KODIAK Derivatives needs to generate the correct cash-flows for all forward contracts. For contracts with underlying bonds, the system needs to generate and attach all interest payments to the correct forward contracts. For contracts with underlying shares, the system needs to generate and attach all dividend payments to the correct forward contracts.
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- Symbol: market symbol of the share
- Ex Dividend Date:
Calculation Date:the the day on which all shares bought and sold no longer come attached with the right to be paid - Record Date: the day when you must be on the company's books as a shareholder to receive the dividend.
- Payment Date: When is the dividend payment paid out (and starts bearing interests).
- Dividend per share: Monetary value paid out per share of stock
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Payments Job
The payments job has two roles. Firstly to attach interest payments to contracts with underlying bonds and secondly to attach dividend payments to contracts with underlying shares.
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