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The following tables describe the security, entity, and global tax table information used for this example.
Security Master Information Option | Value |
|---|---|
Issue Name | FI Issue Tax Type Change |
Description | FI Issue Tax Type Demo |
Ticker | FIITTD |
Primary Asset ID | 555555555 |
Processing Security Type | DBIBFD |
Issue Date | 20091015 |
Dated Date | 20091015 |
First Coupon Date | 20100415 |
Last Coupon Date | 20180415 |
Maturity Date | 20181015 |
Coupon Type Code | Fixed |
Coupon Rate | 5.00 |
Day Count Basis | 30/360 |
Issue Country | United Kingdom |
Payment Frequency | Monthly |
Issue Tax Type | Standard |
Primary Exchange | London |
Entity Information Option | Value |
|---|---|
Entity ID | TAXDEMO2 |
Portfolio Country | United States |
Amortizing | Constant Yield 2 |
Accrue Tax Indicator | Yes |
Entity Tax Type | MF (Mutual Fund) |
Entity Tax Qualifier | Level 1 |
Global Tax Table Information | |||||||||
|---|---|---|---|---|---|---|---|---|---|
Begin Date | End Date | Portfolio Country | Issue Country | Entity Tax Type | Entity Tax Qualifier | Issue Tax Type | Primary Exchange | Tax W/H | Tax Reclaim |
20090101 | US | UK | MF | Level 1 | All | ALL | 10.00 | 5.00 | |
20090101 | US | UK | MF | Level 1 | Standard | London | 7.50 | 2.50 | |
20090101 | US | UK | MF | Level 1 | Special | ALL | 5.00 | 1.00 | |
20090101 | US | UK | MF | Level 1 | Special | London | 12.5 | 10.00 |
Now you change the Issue Tax Type from STANDARD to SPECIAL, accrued to 20140405.
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The following table shows the result of local earning values after the issue tax type change.
Trade Date | Acct. Date | Tax W/H Rate | Tax Reclaim Rate | Traded Interest Local | Accrual Delta Local | Tax Expense | Tax Reclaim Amount Local | Tax Reclaim Receivable Delta |
|---|---|---|---|---|---|---|---|---|
Apr 01 2014 | Apr 01 2014 | 7.500 | 2.500 | 23,055.56 | 138.88 | 1,159.72 | 579.86 | 579.86 |
Apr 02 2014 | Apr 02 2014 | 7.500 | 2.500 | 23,055.56 | 138.89 | 1,166.67 | 583.33 | 3.47 |
Apr 03 2014 | Apr 03 2014 | 7.500 | 2.500 | 23,055.56 | 138.89 | 1,173.61 | 586.81 | 3.48 |
Apr 04 2014 | Apr 04 2014 | 7.500 | 2.500 | 23,055.56 | 138.89 | 1,180.56 | 590.28 | 3.47 |
Apr 05 2014 | Apr 05 2014 | 12.500 | 10.000 | 23,055.56 | 138.89 | 593.75 | 2,375.00 | 1,784.72 |
If the accounting periods are not open for 20140404 and you want to roll back and replay earnings, you have two options, described in the following sections.
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This Traded Interest calculation used the following values:
Start of Coupon | Oct 15 2013 |
Settlement Date | Apr 01 2014 |
Days Until Settlement Date | 166 |
Par` | 1,000,000.00 |
Coupon Rate | 5.00 % |
Daily Accrual | 360 |
Days in Period | 166 |
Traded Interest | 23,055.56 |
If the accounting periods are not open for 20140404 and you want to roll back and replay earnings, you have two options.
Option 1 for Rollback and Replay
If the accounting periods are not open for 20140404 and you want to roll back and replay earnings, you can use this option.
Do the following:
Reopen the prior period and roll back the earning to 20140404.
Apply the earnings for 20140404.
Close the period for 20140404.
Apply the earnings to 20140405.
Option 2 for Rollback and Replay
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