Page Comparison

Origin Entity Information

Entity Name

1164

Specifies the name of the origin entity, also called the From entity.

Entity ID

1163

Specifies the unique identifier of the origin entity.

Accounting Basis

21

Displays the controlling basis of the origin entity, if one exists. Otherwise, displays the primary accounting basis of the origin entity.

Base Currency

86

Displays the base currency of the origin entity.

Broker Name

1235

Specifies the name of the primary broker for the origin entity. If you enter a value, the system uses that value on the From event. Otherwise, if you leave this value NULL, the system uses the Broker Name value from the original position/lot detail for the From transactions.

Broker Code

88

Specifies the code that represents the broker for the origin entity.

 If you enter a value, the system uses that value on the From event. Otherwise, if you leave this value NULL, the system uses the Broker Code value

from the original position/lot detail for the From transactions.

Source Trade Ticket Number

761

Specifies the trade ticket identification number for the origin entity.

 If you enter a value, the system uses that value on the From event.

Otherwise, if you leave this value NULL, the system uses the trade ticket identification number

from the original position/lot detail for the From transactions. For manual non-taxable transfers (at amortized or original cost), the system does not pass the Trade Ticket Number value on the From transactions. For manual taxable transfers (at market price) , the system does not pass the Trade Ticket Number value on the From transactions.

User Defined Float1

1890

Specifies the user defined float 1 value for the origin entity. If you enter a positive numerical value, including 0.0, the system uses that value on the From event. Negative values are not allowed. Otherwise, if you leave this value NULL, the system uses the User Defined Float1 field value on the open lots that the system is closing on the From event.

User Defined Float2

1891

Specifies the user defined float 2 value for the origin entity. If you enter a positive numerical value, including 0.0, the system uses that value on the From event. Negative values are not allowed. Otherwise, if you leave this value NULL, the system uses the User Defined Float2 field value on the open lots that the system is closing on the From event.

User Defined Float3

1892

Specifies the user defined float 3 value for the origin entity. If you enter a positive numerical value, including 0.0, the system uses that value on the From event. Negative values are not allowed. Otherwise, if you leave this value NULL, the system uses the User Defined Float3 field value on the open lots that the system is closing on the From event.

Recipient Entity Information

Entity Name

1084

Specifies the name of the recipient entity, also called the To entity. The recipient entity must have the same number of accounting bases as the origin entity.

Entity ID

301

Specifies the unique identifier of the recipient entity.

Accounting Basis

309

Displays the controlling basis of the recipient entity, if one exists. Otherwise, displays the primary accounting basis of the recipient entity. The origin entity and the recipient entity must have the same number of accounting bases

Base Currency

320

Displays the base currency of the recipient entity.

To Broker Name

12882

Specifies the name of the primary broker for the recipient entity. If you enter a value, the system uses that value on the To event. Otherwise, if you leave this value NULL, the system uses the Broker Name value from the original position/lot detail for the To transactions.

To Broker Code

12881

Specifies the code that represents the broker for the recipient entity.

 If you enter a value, the system uses that value on the To event. Otherwise, if you leave this value NULL, the system uses the Broker Code value

from the original position/lot detail for the To transactions.

To Trade Ticket Number

12883

Specifies the trade ticket identification number for the recipient entity.

 If you enter a value, the system uses that value on the To event.

Otherwise, if you leave this value NULL, the system uses the trade ticket identification number

from the original position/lot detail for the To transactions.

 For manual non-taxable transfers (at amortized or original cost), the system passes the Trade Ticket Number value on the To transactions. For manual taxable transfers (at market price), the system does not pass the Trade Ticket Number value on the To transactions.

To User Defined Float1

12884

Specifies the user defined float 1 value for the recipient entity. If you enter a positive numerical value, including 0.0, the system uses that value on the To event. Negative values are not allowed. Otherwise, if you leave this value NULL, the system uses the User Defined Float1 field value from the original position/lot detail on the To transactions.

To User Defined Float2

12885

Specifies the user defined float 2 value for the recipient entity. If you enter a positive numerical value, including 0.0, the system uses that value on the To event. Negative values are not allowed. Otherwise, if you leave this value NULL, the system uses the User Defined Float2 field value from the original position/lot detail on the To transactions.

To User Defined Float3

12886

Specifies the user defined float 3 value for the recipient entity. If you enter a positive numerical value, including 0.0, the system uses that value on the To event. Negative values are not allowed. Otherwise, if you leave this value NULL, the system uses the User Defined Float3 field value from the original position/lot detail on the To transactions.

Accounting Information

Transfer Method

1872

Determines the method used to value the position for the recipient entity. Only the Market method is available in the Run Interest Rate Swap Transfer panel. Options include:

• Market. Default. Transfers the position at current market price. Gain/loss is taken in the From account.

Quantity/Ratio

739

Determines how to define the transfer amount. Options include:

• Quantity. Default. Defines the transfer amount as a quantity.

• Quantity Ratio. Defines the transfer amount as a percentage.

Trade Date

35

Specifies the effective date of the trade. The trade date cannot be greater than the post date, accounting date, or settlement date.

Accounting Date

36

Specifies the date the trade is reported and has an effect on the entity's holdings and cash balances. The accounting date must be greater than the trade date.

Monthly Accounting Date

4733

Displays the month end accounting date.

Settlement Date

37

Displays the date the trade is settled.

Event Type

55

Display the business intent of the transaction. For example, FNDSPLTMRG.

Long/Short Indicator

15

Indicates whether the position you are transferring is long or short. Options include Long or Short.

Primary Asset ID

14

Specifies the primary asset identifier.

Trade - Swap Type

4590

Indicates if the asset is a pay leg, receive leg, or contract.

Issue Name

961

Displays the name of the security.

Quantity Type

12

Displays the quantity generally accepted as a standard for exchange, such as shares, par, units, and contracts.

Instrument Type

11

Displays the instrument type.

Security Type

82

Displays the security type of the asset.

Issue Currency

85

Displays the currency in which the security is priced.

Maturity Date

38

Displays the date the final principal payment is due on the security.

Position Notional Principal Value 

122

Displays the position's notional principal value. 

Notional Principal Value

40

Specifies the notional principal value transfer quantity of the security. The value must be greater than zero. This field appears if you set the Quantity/Ratio field to a value of Quantity.

Quantity Ratio

61

Specifies the notional principal value transfer quantity ratio of the security as a percentage. This field appears if you set the Quantity/Ratio field to a value of Quantity Ratio. A value of 1.00 moves 100% of an asset.

Price

319

Specifies the market price. 

Local to Origin Base FX Rate

87

Specifies the foreign exchange rate for the security's local currency to the origin entity's base currency.

Local to Recipient Base FX Rate

322

Displays the foreign exchange rate for the security's local currency to the recipient entity's base currency.

Lot Selection Method

27

Specifies the lot selection method the system uses to relieve (sell) lots of a security held by the entity. Options include:

• Ratio Across Lots. The lots are selected and sold based on a proportionate allocation.

• First In First Out (FIFO). Lots acquired first are sold first. The oldest lot is sold first based on the holding date. If you set the accounting basis Cost Basis Covered Indicator field (tag 2818) to Y, unknown cost lots are relieved first. The oldest cost lot is sold first based on the holding date.

• Last In First Out (LIFO). Lots acquired last are sold first. The most recent lot is sold first based on the holding date. If multiple lots share the same holding date, the lot with the greatest event sequence is relieved first. The event sequence, set internally by the system, indicates the processing order of transactions within the same position.

• High Amortized Cost or High Cost (HCLOT). The lots with the highest current cost are sold first. The system uses current unit cost, which includes amortization for debt securities. This method relieves the lots that can generate the maximum loss or the minimal gain.

• Low Amortized Cost or Low Cost (LCLOT). The lots with the lowest current cost are sold first. The system uses current unit cost, which includes amortization for debt securities. This method relieves the lots that can generate the minimal loss or the maximum gain.

• High Original Cost (HORIG). The lots with the highest original cost are sold first. The system uses the original unit base cost of the open lots. It relieves the lots that can generate the maximum loss or the minimal gain.

• Low Original Cost (LORIG). The lots with the lowest original cost are sold first. The system uses the original unit base cost of the open lots. It relieves the lots that can generate the minimal loss or the maximum gain.

• Identified Lot (IDLOT). The specified lot or lots are sold first, which determines cost and tax implications. You can optimize this option to specific tax situations by selecting the specific lots to be sold. If you select this method, the lower pane in the close trade window displays lot details for each available lot, as determined by the entity's controlling basis. If no controlling basis exists, it displays lots for the primary basis. You must specify the quantity for one or more lots that you want to relieve. The total quantity you specify for the open lots must match the quantity entered for the total close. The close trade relieves the selected lots in each of the entity's accounting bases, and keeps the lot structures in sync. The system uses the lot's Orig Event ID field (tag 457) to match a single open lot in one basis to corresponding multiple open lots in another basis, as needed. This can occur for lots fractured as a result of wash sale processing.

• Best Tax. The lots are selected and sold with the objective of taking losses first (short term then long term) and gains last (long term then short term). Lots are sold in the following order:

  1. Short term Losses. Lots that reflect a short term loss are sold first, beginning with lots that generate the greatest short term loss down to the least short term loss.

  2. Long term Losses. Lots that reflect a long term loss are sold, beginning with lots that generate the greatest long term loss down to the least long term loss.

  3. Short term No Gains or Losses. Short term lots that reflect no gain or loss.

  4. Long term No Gains or Losses. Long term lots that reflect no gain or loss.

  5. Long Term Gains. Lots that reflect a long term gain, beginning with lots that generate the least long term gain up to the greatest long term gain.

  6. Short Term Gains. Lots that reflect a short term gain, beginning with lots that generate the least short term gain up to the greatest short term gain.

• Tax Advantage(TXADV). The lots with the lowest tax liability are sold first to minimize tax liability.

• Versus Purchases (VSP). The lots are selected and sold based on lot purchase characteristics, such as the target purchase date and the target purchase price. This option must be specified at the trade level.

• Tax Efficiency. The lots with the lowest tax liability are sold first to minimize tax liability. The system calculates the tax liability based on the manipulation of entity level tax factors for long and short term gains, long and short term losses, and currency gains. The system also incorporates the wash sale disallowance effect and considers the overall tax implications of closing each individual lot.

Clearing Broker

1236

Specifies the name of the clearing broker if different from the trade broker.

Clearing Broker Code

1237

Specifies the code for the clearing broker. 

Other Information

Transaction Notes

56

 Specifies user defined information about the transaction.

Event Sub Priority

3961

Specifies the corporate action sub priority which determines how the actions are processed when there are multiple transfers in a single day. The default value is 10.

User Char1

1887

Specifies one of three user defined fields.

User Char2

1888

Specifies one of three user defined fields.

User Char3

1889

Specifies one of three user defined fields.