You can use the Cash Distribution/Capitalization/Cash Entry/Final Close panel to process cash distributions, capitalization, or close out a position for in a private equity fund. The following are the key options in the Cash Distribution/Capitalization/Cash Entry/Final Close panel. Note options may vary according to your selections.
Option | Tag | Description |
|---|---|---|
Entity Information | ||
Entity ID | 1163 | Specifies the unique identifier of the entity. |
Entity Name | 1164 | Specifies the name of the entity. |
Base Currency | 86 | Displays the base currency of the entity. |
Issue Information | ||
Effective Date | 35 | Specifies the effective date of the trade. The trade date cannot be greater than the post date, accounting date, settlement date, or the Investment Period End Date. If the trade date is greater than the Investment Period End Date, the system only provides a warning. The trade can still be processed. |
Accounting Date | 36 | Specifies the date the trade is reported and has an effect on the entity's holdings and cash balances. The accounting date must be greater than the trade date. |
Monthly Accounting Date | 4733 | Displays the month end accounting date. |
Settlement Date | 37 | Specifies the date the trade is settled. |
Event Type | 55 | Displays the business intent of the transaction. For example, LPCAP for a Capitalization transaction, LPCASH for a Cash transaction, or LPCLOSE for a Close transaction. |
Long/Short Indicator | 15 | Displays an L (long) or S (short) to indicate whether the position is long or short. |
Cross Reference Type | 1234 | Specifies the cross reference type associated with the security. |
Issue Name | 961 | Specifies the name of the security. |
Ticker | 13 | Specifies the trade ticker of the security. |
Cross Reference ID | 1233 | Specifies the cross reference identifier associated with the security. |
Instrument Type | 11 | Displays the instrument type. For example, EQ. |
Security Type | 82 | Displays the security type of the asset. |
Issue Currency | 85 | Displays the local currency of the security. |
Investment Period End Date | 38 | Displays the expected end date for the security’s investment period. |
Capitalization/ Cash/ Close Information | ||
Transaction Name | 1728 | Identifies the name of the transaction. Options include:
|
Select Lot | 962 | Identifies the lot you want to update. The lookup displays the holding established for the entity/security during the initial funding. The lookup displays the Target Event ID (Trade Date). A private equity position has a single lot. |
Commitment Amount | 41 | Displays the total commitment amount. |
Shares | 40 | Displays the traded quantity of the security. |
Local Values |
Cash Amount Local | 50 | For Capitalization transactions, displays the local cash amount. For Cash or Close transactions, specifies the local amount for the cash distribution associated with the private equity fund. A positive value creates a receipt, while a negative value creates a disbursement. |
Settlement Currency | 63 | For Capitalization transactions, displays the Issue Currency value as the settlement currency. For Cash or Close transactions, specifies the currency in which the cash settles. The issue currency appears by default but you can select any valid currency. |
Settlement Cash Amount | 64 | For Capitalization transactions, displays the actual settled cash amount. The default value is 0.00. For Cash or Close Transactions with a Settlement Currency that differs from the Asset Currency, the field unlocks and you can specify a value. A positive value creates a receipt, while a negative value creates a disbursement. |
Income Amount Local | 11076 | Specifies the local actual income amount of the trade. The system subtracts this value from the Local Cash Amount value for gain/loss calculation. You can enter a positive or negative value. |
Income Account Number | 1825 | Specifies the ledger account number where the system posts the income for the Income Amount Local value. This field appears if you enter an Income Amount Local value. This field uses the PEINCOME code category. Options include:
|
Expense Amount Local | 11078 | Specifies the local actual expense amount of the trade. The system adds this value to the Local Cash Amount value for gain/loss calculation. You can enter a positive or negative value. |
Expense Account Number | 1826 | Specifies the ledger account number where the system posts the expense for the Expense Amount Local value. This field appears if you enter an Expense Amount Local value. This field uses the PEEXPENSE code category. Options include:
|
Funded Commitment Adjustment Local | 18386 | Specifies the private equity local capital amount. This field appears if you set the Transaction Name field to Capitalization. Entering a positive amount in the field increases the funded commitment. Entering a negative amount decreases the funded commitment. |
Cost Local | 128 | For Capitalization transactions, displays the local cost amount. The value defaults to Income Amount Local - Expense Amount Local + Gain/Loss Amount Local. For Cash transactions, specifies the local cost amount. The system adds this value to the Local Cash Amount for gain/loss calculation. This value affects the cost of the private equity position, with a positive value increasing the cost and a negative value decreasing the cost. To keep cost in sync with your cash, set this as the inverse of Local Cash Amount. If Local Cash Amount Local = 2 million, then Cost Local = -2 million. This is the inverse of what happens in a capital call, where a cash disbursement causes your cost to go up. For Close transactions, displays the local cost amount. The value defaults to the inverse of the current outstanding cost (or amortized cost, if available). The system adds it to the Local Cash Amount for gain/loss calculation. |
Recallable Capital Local | 18390 | For Cash transactions, specifies the local recallable amount of the cash distribution. You can enter a positive or negative value. This amount decreases the Funded Capital (tag 18386) and increases the Unfunded Commitment (tag 18388). For non-recallable cash distributions, leave the value as zero. |
Current Position Cost Local | 7350 | For Close transactions, displays the current local cost of the position you are closing. |
Current Position Amortized Cost Local | 2689 | For Close transactions, displays the current local amortized cost of the position you are closing. |
Gain/Loss Amount Local | 171 | For Capitalization transactions, specifies the local gain/loss amount for the trade. This can be a positive or negative value. The system posts this value to Gain Loss Sec ID L (tag 171). For Cash or Close transactions, the system displays the local gain/loss value, and calculates it as: Cash Amount Local - Income Amount Local + Expense Amount Local + Cost Local. |
Local to Base FX Rate | 87 | Specifies the foreign exchange rate used to calculate the net base amount. The value must be greater than zero. |
Base Values | ||
Cash Amount Base |
478 | Displays the base amount of the trade. This amount is calculated based on the following formula: Local Net Amount / Local to Base FX Rate. | |
Income Amount Base | 11077 | Displays the base actual income amount of the trade. |
Expense Amount Base | 11079 | Displays the base actual expense amount of the trade. |
Cost Base | 129 | Displays the base cost amount of the trade. This value affects the cost of the private equity position, with a positive value increasing the cost and a negative value decreasing the cost. |
Fund Commitment Adjustment Base | 18387 | Specifies the private equity capital amount base. This field appears if you set the Transaction Name field to Capitalization. Entering a positive amount in the field increases the funded commitment. Entering a negative amount decreases the funded commitment. |
Recallable Capital Base | 18391 | For Cash transactions, displays the base recallable amount of the cash distribution. For non-recallable cash distributions, the value is zero. |
Current Position Cost Base | 7430 | For Close transactions, displays the current base cost of the position you are closing. |
Current Position Amortized Cost Base | 2690 | For Close transactions, displays the current base amortized cost of the position you are closing. |
Gain/Loss Amount Base | 175 | Displays the base gain/loss amount for the trade. |
Other Information | ||
Auto Settle Trade Indicator | 58 | Indicates whether the system settles the trade automatically. If the entity's Auto Settle Indicator field is set to Yes, as specified on the Create/Edit Entity or Create Master Fund panels, the system creates a settlement when the trade is processed. There is no trade to settle date gain/loss. This applies even if the settlement date is in the future. Eagle recommends that you set the Auto Settle Indicator field to No for the entity and trade panels. Options include:
|
Settle Instructions 1 | 1897 | Allows you to add settlement notes. |
Settle Instructions 2 | 1898 | Allows you to add settlement notes. |
Settle Instructions 3 | 1899 | Allows you to add settlement notes. |
Settle Instructions 4 | 1900 | Allows you to add settlement notes. |
Settle Location | 43 | Specifies the location in which the trade is settled. |
Transaction Notes | 56 | Specifies user defined information about the trade. This field uses the PECASHTYPE Code Category. Options include:
|
Original Trade Ticket Number | 761 | Specifies the trade ticket identification number. The system uses it during processing. For example, IDLOT close or cancel events use this number to locate an open lot. |
Batch Identifier | 701 | For Capitalization and Cash transactions, specifies the batch identifier. Hidden for Close transactions. The system uses the Trade Ticket Number to set this value for the purpose of batch cancelling trades. |
Pending Trade Flag | 3695 | Specifies whether the trade is eligible for pending trade processing prior to processing by the STAR accounting engine. If you use pending trade processing, the system can assign this value to incoming transactions that meet pending trade rule detail criteria. Or an incoming transaction can include this value. This field is hidden. Options include Y and N. |
Pending Trade Status | 3720 | Specifies the trade's transaction status for pending trade processing prior to processing by the STAR accounting engine. If you use pending trade processing, the system can assign a value of Pending to incoming transactions that meet pending trade rule detail criteria. Or an incoming transaction can include a value of Pending or a custom pending transaction status value defined in the PEND_TRD_STATUS code category. The default status is Pending if no status is provided. This field is hidden. |