In the Edit SVO Codes panel, you can change the SVO NAIC category information for a security for a specific effective date, and query a history of code changes for a specific date range. You can also change the RMBS Eligibility election for a security. You can use the List SVO Codes panel to display the historical SVO information for a security.
To post SVO category codes for a security, for a given effective date:
- In Accounting Center, in the left navigation pane, click Insurance > NAIC Data > SVO Codes > Edit SVO Codes.
You see the Edit SVO Codes panel. - Complete the options on the panel.
- Click Submit.
The system updates the information in the SECURITYDBO.NAIC and NAIC_HIST tables and then pushes it to the ISTAR.ISTAR_XREFERENCE table via the Insurance Refresh process.
Edit SVO Codes Panel Options
The Edit SVO Codes panel has three sections:
- Change By Issue Security. Specifies the lookup information for the security to update, and the effective date for the information posted.
- Change SVO Codes. Specifies the SVO codes and RMBS information to use, as of the effective date.
- Issue Identification. Displays information about the security, allowing you to verify that you are updating the correct record.
The following table describes each option on the panel.
Option | Description |
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Change By Issue Security |
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LOOKUP fields | Allows you to enter the information required to uniquely locate the SMF record for update. Options include: - Lookup Issue Name
- Lookup Issue Description
- Lookup Ticker
- Lookup Xref Security ID (preferred)
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Effective Date | Specifies the effective date of the SVO and RMBS information posted. Fields are maintained in the SECURITYDBO.NAIC_HIST table and used for statutory accounting and reporting purposes during the ISTAR Refresh/Valuation process, when the effective date is less than or equal to the ISTAR Refresh/Valuation Month End Date. Note: When you change the RMBS Eligibility information for existing securities, you must set the Effective Date to a date less than or equal to the initial acquisition date of the security. |
Change SVO Codes |
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Schedule BA | Indicates whether the Schedule BA Category and BA Type and Strategy may be assigned. Options include: - No. Default. The panel displays the Category field for data entry. It may display the Subcategory and RMBS Eligible fields based on the processing security type of the security you are editing.
- Yes. The panel displays the Schedule BA Category and BA Type and Strategy fields for data entry.
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Category | Specifies the Securities Valuation Office category for the security. To use this field, you must set the Schedule BA field to No. Options include: - US Governments – 10
- Other Governments – 15
- States – 20
- Political Subs – 30
- Special Revenue – 40
- Industrial & Misc – 60
- Hybrid Securities – 75
- Parent Subs & Affiliates – 80
- ETF Identified by SVO – 81
- Bond MF Identified by SVO – 82
- Exempt Money Mkts – 85
- All Other Money Mkt MF – 90
- Mutual Funds – 91
- Money Mkt Mutual Funds – 92
- Other Short-Term – 95
- Sweep Accounts – 96
- Other Cash Equivalents – 97
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Subcategory | Specifies the Securities Valuation Office subcategory for the security. To use this field, you must set the Schedule BA field to No. Options include: - Issuer Obligations – G1
- Residential Mortgage-Backed Securities –G2
- Commercial Mortgage-Backed Securities – G3
- Other Loan-Backed and Structured Securities – G4
- Clear
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RMBS Eligible | Identifies the Residential Mortgage-Backed Security eligibility flag. Securities identified as qualifying loan-backed securities must have the RMBS Eligible field set to RMBS/CMBS or Other loan-backed structured securities. When you change existing securities, the Effective Date must synchronize with the date when RMBS processing takes effect. Options include: - RMBS/CMBS. R.
- Other Loan-Backed Structured Securities. L.
- No. N. Default.
Note: During the ISTAR Refresh process, specific processing occurs to assign Statement Value and the NAIC Designation for RMBS eligible securities. |
Schedule BA Category | Specifies the Securities Valuation Office category for the security. To use this field, you must set the Schedule BA field to Yes. Options include: - Oil and Gas Production - Unaffiliated (101)
- Oil and Gas Production - Affiliated (102)
- Transportation Equipment - Unaffiliated (103)
- Transportation Equipment - Affiliated (104)
- Mineral Rights - Unaffiliated (105)
- Mineral Rights - Affiliated (106)
- Fixed or Var Int Rates - Bonds - Unaffiliated (107)
- Fixed or Var Int Rates - Bonds - Affiliated (108)
- Fixed or Var Int Rates - Mortgage Loans - Unaffiliated (109)
- Fixed or Var Int Rates- Mortgage Loans - Affiliated (110)
- Fixed or Var Int Rates - Other Fixed Income Instruments - Unaffiliated (111)
- Fixed or Var Int Rates - Other Fixed Income Instruments - Affiliated (112)
- JV Partnership or LLC Interests - Fixed Income Instruments - Unaffiliated (113)
- JV Partnership or LLC Interests - Fixed Income Instruments - Affiliated (114)
- JV Partnership or LLC Interests - Common Stocks - Unaffiliated (115)
- JV Partnership or LLC Interests - Common Stocks - Affiliated (116)
- JV Partnership or LLC Interests - Real Estate - Unaffiliated (117)
- JV Partnership or LLC Interests - Real Estate - Affiliated (118)
- JV Partnership or LLC Interests -Mortgage Loans - Unaffiliated (119)
- JV Partnership or LLC Interests -Mortgage Loans - Affiliated (120)
- JV Partnership or LLC Interests - Other - Unaffiliated (121)
- JV Partnership or LLC Interests - Other - Affiliated (122)
- Surplus Debentures etc. - Unaffiliated (123)
- Surplus Debentures etc. - Affiliated (124)
- Collateral Loans - Unaffiliated (125)
- Collateral Loans - Affiliated (126)
- Non-collateral Loans - Unaffiliated (127)
- Non-collateral Loans - Affiliated (128)
- Capital Notes - Unaffiliated (129)
- Capital Notes - Affiliated (130)
- Guaranteed Federal Low Income housing Tax Credit - Unaffiliated (131)
- Guaranteed Federal Low Income housing Tax Credit - Affiliated (132)
- Non-Guaranteed Federal Low Income housing Tax Credit - Unaffiliated (133)
- Non-Guaranteed Federal Low Income housing Tax Credit - Affiliated (134)
- Guaranteed State Low Income Housing Tax Credit - Unaffiliated (135)
- Guaranteed State Low Income Housing Tax Credit - Affiliated (136)
- Non-Guaranteed State Low Income Housing Tax Credit - Unaffiliated (137)
- Non-Guaranteed State Low Income Housing Tax Credit - Affiliated (138)
- All Other Low Income housing Tax Credit - Unaffiliated (139)
- All Other Low Income housing Tax Credit - Affiliated (140)
- Working Capital Finance Investment- Unaffiliated (141)
- Any Other Class of Assets - Unaffiliated (142)
- Any Other Class of Assets - Affiliated (143)
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BA Type and Strategy | Specifies the Type and strategy for the security. To use this field, you must set the Schedule BA field to Yes. Options include: - Private equity: Venture capital – 1
- Private equity: Mezzanine financing – 2
- Private Equity: LBOs – 3
- Hedge Fund: Global macro – 4
- Hedge Fund: Long/short equity – 5
- Hedge Fund: Merger arbitrage – 6
- Hedge Fund: Fixed income arbitrage – 7
- Hedge Fund: Convertible arbitrage – 8
- Hedge fund: Futures/Options/foreign exchange arbitrage – 9
- Hedge fund: Sector investing – 10
- Hedge fund: Distressed securities – 11
- Hedge fund: Emerging markets – 12
- Hedge fund: Multi-strategy – 13
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BA Property Type | Specifies the Property Type that applies only to Schedule BA Codes 109, 110, 117, 118, 119, 120. Options Include: - Office
- Retail
- Apartment/Multi-Family
- Industrial
- Medical/Health Care
- Mixed Use
- Lodging
- Other
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Issue Identification |
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Identification fields | Displays several identification fields after a successful database retrieval using one or more of the LOOKUP fields above, allowing you to verify that the panel is updating the correct security. Options include: - Issue Name
- Issue Description
- Ticker
- Primary Asset ID
- Security Alias
- Processing Security Type
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