In the Global Process workspace's Payment in Kind - Bond Processing panel, you can process PIK bonds globally. Global processing only uses PIK bonds in the Corporate Action table that have a corporate action status of Released.
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To process PIK bonds globally:
In Accounting Center, in the left navigation pane, click Processing and Exceptions > Global Processes.
You see the Global Process workspace.In the left navigation, click Corporate Actions > Payment in Kind – Bond Processing.
You see the Payment in Kind - Bond Processing panel.Complete the options on the Payment in Kind - Bond Processing panel.
Click Submit.
The system processes the corporate actions that met your global processing criteria. It only processes mandatory corporate actions that have a status of Released, along with corporate actions with voluntary elections that have an Entity Election Status of Released. It processes the entitlements to the appropriate entities based on the reference data entered for the corporate action. When processing completes, the Global Process workspace displays the results of the job.
You can run reports to check the position or ledger entries or can review your results in Position Viewer. You can see transactions with an Event Type of PIKBOND and a Corporate Action Type value for PIK bond activity in the Cost object's Open Lots tab for PIKBOND share only. If cash only, you can look at open adjust and cash receipt (event type of Coupon and reason of PIKBOND).