In the Create Cash Tender panel, when you create a corporate action announcement for a cash tender, you can select various options based on the requirements of your business. Note options may vary according to your selections.
Option | Tag | Description |
|---|---|---|
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. |
From Asset ID Type | 1432 | Specifies the primary asset identifier type for the From security, such as CUSIP, ISIN, and SEDOL. |
From Asset ID | 14 | Specifies the primary asset identifier of the From security. |
From Issue Name | 961 | Specifies the name of the From security. |
Pre Action Price | 1264 | Specifies the pre action price for the From security. This price is used in the Fair Market Value report. Typically, this price is the close price or last traded price. |
Post Action Price | 319 | Specifies the post action price for the From security. This price is used in the Fair Market Value report. Typically, the post action price is the open or first traded price of the existing security, and this value is used in the cost allocation percentage calculation. |
Accounting Details | ||
Trans Type | 1257 | This hidden field displays the transaction type that the system uses to process the transaction. For example, CA_CASH_CLOSE. |
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. |
Expiry Date | 12876 | Specifies the expiration date of voluntary corporate actions associated with the announcement. For entities that use expiry date processing, the system can process voluntary corporate actions based on expiration date +1. The system can sweep corporate actions in a Released status using the announcement's expiry date for voluntary elections that use expiry date processing. During global processing, expiration date +1 serves as the sweep date in place of the announcement's Sweep Date value. |
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:
|
Rounding Point. | 8028 | Identifies the rounding point used if you round fractional shares to the nearest number of whole shares. |
Corporate Action Status | 54 | Indicates if the corporate action is correct and ready for processing. Options include:
|
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:
|
Proration Percent | 8081 | Used for voluntary actions only when available share and/or cash are not sufficient to satisfy the offer by shareholders. The action cannot accommodate the entire order so the action is prorated at a given percent. This percent is used in the closing and opening of lots on the From and To side. The system uses this field in conjunction with the shares elected (for an entity to participate in the voluntary corporate action), to determine the amount of shares/percentage of shares that are applied. The calculation follows: # of Shares Subscribed * Proration Percent = # Shares Participating in Voluntary CA |
Cash Information | ||
Rate of Action (Cash) | 1692 | Specifies the effective rate of consent payment. Used if the corporate action has a cash component. Stores the applicable cash rate. |
Cash Currency | 3962 | Specifies the currency that the system uses to process the cash. By default you see the asset currency of the From security. |
Corporate Action Type | 1728 | Identifies the business name of the corporate action. Options include Cash Tender. |
Corporate Action Notes | 1740 | Specifies user-defined information about the corporate action. |
Consent Information | ||
Effective Date On Consent | 8011 | Specifies the consent date of the corporate action. If you provide a value, you must enter the Rate of Action (Consent) field value. |
Rate Of Action (Consent) | 8010 | Specifies the rate of an additional cash payment, to entice shareholders to participate in the action. This information is treated as a separate cash receivable, and it does not impact the terms of the original corporate action, or the cost allocation to the new security. |