Ability to capture Switch instruction to sell from an insufficient cash balance

We’ve built the ability to capture a switch instruction whereby when selling from cash, that the cash balance on the contract doesn’t need to have enough value to execute the switch, i.e. the ability to capture the switch “on loan” with the assumption that the cash will be received at a later stage.

Required configuraiton

1. On User  card -> more actions -> Global Permissions you must have Can change negative cash setting on contract checked. This will enable a user to update the next configuration.
2. When you have the above permission, on the Contract Detail card -> view details -> Allow a switch instruction to go into negative cash must be checked.

Prerequisites

1. The switch must be captured as an Amount switch, i.e can’t specify units or percentage per instrument.
2. You must already have a cash instrument, instrument account. I.e. the system won’t automatically create an instrument account for a cash instrument if it doesn’t exist yet.

Last Updated on 11 months ago by Adrienne Dill