Validate Benchmark Not Held Securities

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 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 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 not be validated and released with a release status of N (Released, not for Trading).

To validate benchmark/not held securities:

1. In the Reference Desk workspace, in the left navigation pane, click Securities.
   You see the Securities workspace with all the available securities.

2. Click Create New and then select the type of Security from the drop-down list.
   You see the Create New Security panel.

3. Complete the options on the Create New Security panel and click Save.

4. In the Validation Process flag field, select an option:
   P - Apply Benchmark Validations only.
   Y - Apply All Validations
   N - Do not Validate

5. Click Save.

If the security is partially validated during the load process, then the security_master.validation_process_flag needs to be updated with P during the load process.
See Manage Validations to apply the validation.