Forward Contracts mimic the cashflow cash-flow of the underlying instruments. Therefore KODIAK Derivatives needs to generate the correct cashflows 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 day on which all shares bought and sold no longer come attached with the right to be paid - Payment Date: When is the dividend payment paid out (and starts bearing interests).
- Dividend per share: Monitary Monetary value paid out per share of stock
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The job goes through all enabled dividend payments that have Ex Dividend Date (CalcDate in the DBDatabase) less or equal today and attaches payments to all open forward contracts with the same underlying share and with SettlementDate less than the CalcDate.
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