You can perform partial validations at the security level for Benchmark/Not Held securities, as benchmark vendors do not provide all the SMF attribute information. By setting When you set the Validation Process flag to Apply Benchmark Validations Only on the Create New screen, or as an override in the Details screen, the security will be partially validated and released sytem partially validates teh security and releases it with a release status of N (Released, not for Trading). If you set the process flag to Y, (Apply All Validations), the security goes through the normal validation process and release process. If you set the validation process flag to No, the security will does not be get validated and is released with a release status of N (Released, not for Trading).
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