In the Create Amortization Schedule Override panel, when you add a user defined amortization schedule based on a price or schedule, you can select various options based on the requirements of your business.
The following are the options in the Create Amortization Schedule Override panel.
Add User Defined Amortization Based On (tag 1256). Indicates whether the user defined amortization schedule is based on a price or schedule. Options include:
Price. Allows you to specify an amortization price for the schedule.
Schedule. Default. Allows you to specify a amortization percentage amount for the schedule.
Entity ID (tag 1163). Specifies the unique identifier of the entity.
Entity Name (tag 1164). Specifies the name of the entity.
Asset ID Type (tag 1234). Specifies the cross reference or primary asset identifier type for the security, such as CUSIP, ISIN, and SEDOL.
Asset ID (tag 1233). Specifies the cross reference security type, such as SEDOL, CUSIP, and so on.
OID Indicator (tag 218). Displays Yes or No to indicate whether the security is OID (original issue discount) eligible.
Processing Security Type (tag 3931). Displays the processing security type.
Maturity Date (tag 38). Displays the date that the security repays all outstanding principal and stops earning interest.
Choose Lot to Select (tag 334). Allows you to select the tax lot for which you want to apply the user defined amortization schedule. The lookup displays all available lots for the selected entity/security combination. It shows the Issue Name, Primary Asset ID, Trade Date, the intent of the tax lot (Long or Short), and the accounting basis.
Event ID (tag 25). Displays the event ID for the selected lot.
Units/Current Face (tag 40). Displays the current face value of the security for the selected lot.
Unit Price (tag 45). Displays the price of the security per unit for the selected lot.
Amortization Schedule ID (tag 761). Displays the amortization schedule ID for the selected lot. This value is equivalent to the lot's trade ticket number. This value is required, and is part of the primary key for the user defined schedule. However, this panel does not allow you to edit this value directly. If you are adding a user defined amortization schedule for a lot, and this value is blank, you can use the Non Financial Trade Data Modification panel to enter a value for the lot.
Amortization Date (tag 1109). Specifies the effective date of the user defined amortization schedule.
Amortization Percentage Amount (tag 5401). Specifies the percentage to use for the user defined amortization schedule. This field appears only if you add a user defined amortization schedule based on a schedule.
Amortization Price (tag 9483). Specifies the price to use for the user defined amortization schedule. This field appears only if you add a user defined amortization schedule based on a price.