Page Comparison

Lookup Security Information

Client Specific CA ID

1695

Specifies the client specific identifier for the corporate action.

Source Name

1102

Specifies the source name for the corporate action. The default value is Eagle PACE.

Original Source Name

4003

Specifies the original source name for the security.

Asset ID Type

1432

Specifies the primary asset identifier type for the security, such as CUSIP, ISIN, and SEDOL.

Asset ID

14

Specifies the primary asset identifier of the security.

Issue Name

961

Specifies the name of the security. The lookup shows securities that have a processing security type (PST) of DBIBPK (Interest Bearing Debt PIK).

Issue Currency

1269

Displays the local currency of the security.

Coupon

70

Displays the rate at which the security accrues interest. It is expressed as an accrual rate.

Maturity Date

38

Displays the date that the security repays all outstanding principal and stops earning interest.

Coupon Type Code

97

Displays the type of coupon associated with the security.

From Pre Action Price

1264

Specifies the pre action price for the From security. Specifies the FMV price of the From security. Used In the Fair Market Value report.

To Post Action Price

319

Specifies the FMV price of the To security. Used In the Fair Market Value report.

Accounting Details

Trans Type

1257

This hidden field displays the transaction type that the system uses to process the transaction. For example, PIKBOND.

Sweep Date

1197

Specifies the date that the global processes use to extract the corporate action for processing at the global level and apply it to eligible entities/holdings.

Ex Date

65

Specifies the ex-date of the corporate action. The ex-date is the entitlement date of the corporate action. Ex-date is equal to the Trade Date of the corporate action.

Valid Coupon Date

992

Displays the first day in the earnings period.

Record Date

1694

Specifies the record date of the corporate action.

Announcement Date

1260

Specifies the announcement date of the corporate action.

Pay Date

1275

Specifies the pay date of the corporate action. The pay date is the settlement date of the corporate action.

Treatment of Fractional Shares

3965

Specifies how the system treats fractional shares for the corporate action. A fractional share is less than a single share of stock. Options include:

• European. The system calculates the fractional share entitlement as follows: 1. Divides the position by the divisor, 2. Drops the decimals on the number that is calculated, 3. Multiplies the whole number by the multiplier.

• Post Fractional Shares. The system posts the fractional share entitlement, calculating the amount to two decimal places.

• Round Down. The system rounds the fractional share entitlement down to zero decimals. No fractional shares are created.

• Round Up. The system rounds the fractional share entitlement up to the next whole number. No fractional shares are created.

• Round to Nearest Whole Share. The system rounds the fractional shares to the nearest number of whole shares. If the calculated entitlement is greater than or equal to 0.50, the system rounds the fractional shares up to the next whole share. If the calculated entitlement is less than or equal to 0.49, the system drops the fractional shares.

Corporate Action Status

54

Indicates if the corporate action is correct and ready for processing. Options include:

• Incomplete. The record is not confirmed to be correct, or is not confirmed.

• Pending. The record is fully populated and is awaiting release status.

• Released. The record is complete and is ready for processing.

• Completed. The record was processed through a global process.

Corporate Action Sub Priority

3961

Determines the order in which to process the corporate action when multiple corporate actions have the same Effective Date. Corporate action priority is from low to high; that is, an event with a corporate action priority of 1 is processed prior to an event with a corporate action priority of 10. The default value is 1.

Mandatory/Voluntary Indicator

1734

Indicates whether the corporate action is mandatory or voluntary. Options include:

• Mandatory. The corporate action is required by the issuer and applies to all entities.

• Voluntary. The corporate action is at the decision of the holder of the securities, or the issuer requires the action but there are different accounting options available to the holder of the security. If you select Voluntary, you see the Proration Percent field. You must set up a voluntary corporate action with the number of shares, or percentage of shares, participating in the election.

PIK Bond Details

Cash Rate

1692

Specifies the rate of the cash payment. This value is optional. If you:

• Provide a Null value, the system derives the Cash Rate by subtracting the Baby Bond Rate from the the Coupon Rate. 

• Provide a rate, you specify the rate of the cash payment. Use this option when you want to post a cash rate and baby bond rate that do not total to the Coupon Rate. The system posts the difference as an income trueup for the period. 

Baby Bond Rate

1001

Specifies the rate used by the system to determine the amount of baby bond shares the holder will receive. You must specify a value for the Baby Bond Rate. If you specify a rate, the system uses the parent bond as both the From and To security.

Baby Bond Price

1705

Specifies the baby bond price to use for all entities when the PIK Bond corporate action announcement is mandatory. You can specify the baby bond price when you add voluntary corporate action entity details.

The difference between the interest receivable recorded on the books during the coupon period at par and the market price used to record the payment-in-kind shares on payment date are recognized as an increase/decrease to Investment Interest Income on the coupon payment date. This can potentially result in a significant change to NAV on the coupon payment date.

Corporate Action Type

1728

Identifies the business name of the corporate action. Options include:

• Buy Sell Back. Not used in this panel. Use the Underlying Collateral Coupon Reinvestment panel to add corporate action announcements for BSB/SBB.

• PIK Bond. Used to process payments for payment-in-kind bonds.

• Sell Buy Back. Not used in this panel. Use the Underlying Collateral Coupon Reinvestment panel to add corporate action announcements for BSB/SBB.

Corporate Action Notes

1740

Specifies user-defined information about the corporate action.