Cobol and teraterm session: A Question???

Hi All,
i need just a little information.
I have a teraterm session opened on a Windows XP machine using a Cobol
application on a AIX Sever.

I would like to know if can i run a batch file (i.e. notepad.exe or
test.bat) when the user press a conventional key (i.e. F12).
Moreover i would like to know if can i read a selected text/value in
terminal window and store it in a local file on Windows machine.

Thank you everyone in advantage.
VF