A security grouping allows a ledger granularity rule to break out custom ledger accounts for a group of securities in the same manner when you cannot use security master attributes to define that set of securities. You can use security groupings in ledger granularity rules when certain assets do not share common security attributes that enable you to identify them using a processing security type (PST) rule.
You can create one or more security groupings for each ledger granularity rule. If you are assigning the same ledger granularity rule to multiple entities, the security grouping can include assets held by different entities, so long as the entities plan to break out accounts for those securities in the same manner. For example, you assign Ledger Granularity Rule 1 to Entity A and Entity B. If Entity A holds assets A, B, and C and Entity B holds assets A, Y, and Z, and if both entities use the same custom accounts for these sets of assets, you create a single security grouping for those securities and assign it to both Entity A and B.
Add Comment