Validate Benchmark Not Held Securities

Owned by Pamela Totas (Deactivated)
Last updated: Aug 04, 2023
2 min read

A security with a critical exception status will not be released in Reference Data Center. Benchmark vendors typically provide insufficient information to meet the validation criteria for a security to attain a release status. To cater to these circumstances, you can perform partial validations at the security level for Benchmark/Not Held securities. These partial validations can be applied to any security type.

The Validation Process flag is set on the Security Create New screen or as an override to existing securities in the Security Details screen. There are three options:

  • P - Apply Benchmark Validations only: When you set the Validation Process flag to P, the system partially validates the security using the validations that are earmarked for Benchmark validations. If these select few validations return no critical exceptions the security is released with a release status of N (Released, not for Trading).

  • Y - Apply All Validations: If you set the process flag to Y, the security goes through the normal validation process and release process.

  • N - Do not Validate: If you set the validation process flag to N, the security is not validated and is released with a release status of N (Released, not for Trading).

You must enable the Apply this Validation for Benchmark Securities option on the Validation Define page for any validations to be applied for Benchmark /Not Held securities. This option is enabled for core validations ES0000009, ES0000010, ES0000015, ES0000016, ES0000019 and ES0000023.

If the security needs to be partially validated after the load process, then the security_master.validation_process_flag must be updated with P during the load process. In addition, the Validation Process Flag must be added for any custom data strategies to be able to take advantage of this process. 
See Manage Validations to apply the validation.

Validate Benchmark/Not Held Securities

You can perform partial validations at the security level for Benchmark/Not Held securities.

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.

  4. In the Validation Process flag field, select an option:

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

  6. Click Save.

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