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When you use cash segregation, you can use the interportfolio transfer options to transfer units between custody location accounts and to transfer cash between cash accounts with no impact on accounting. You can use the Intrafund Cash Transfer option to move segregated cash from one custodian cash account to another within a portfolio. You can use the Custody Quantity Transfer option to move segregated units of a position from one custodian location to another.

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transfer cash within an account
transfer cash within an account
Transfer Cash within an Account

In the IntraFund Cash Transfer panel, you can transfer cash between cash accounts for an entity. If an entity uses cash segregation, you can use this option to move cash within the entity's custody basis if cash goes into the wrong cash account for a custodian. You can also use this option to move cash in a cash account for the custody basis from one currency to another with a defined FX source. This type of move between cash accounts has no impact on accounting.

To transfer cash within an account manually:

  1. In Accounting Center, in the left navigation pane, click Transactions > Cash > Cash Transfers > IntraFund Cash Transfer. 
    You see the IntraFund Cash Transfer panel.
  2. Complete the options in the IntraFund Cash Transfer panel.
  3. Click Submit.
    You have transferred cash from one cash account to another cash account within an entity.


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IntraFund Cash Transfer Panel Options

The following are the options in the IntraFund Cash Transfer panel.

OptionTagDescription

Entity Information



Entity ID1163Specifies the unique identifier of the entity.
Entity Name1164Specifies the name of the entity.
Accounting Basis21Specifies the accounting basis of the entity. You see the primary accounting basis, but you can select another basis. If the entity uses cash segregation, you can select the custody basis to transfer cash segregated by custody location.
Base Currency86Displays the base currency of the selected entity.

Currency Information



Transfer Date35Specifies the effective date of the cash transfer.
Accounting Date36Specifies 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 Date4733Displays the month end accounting date.
Transfer Type7001 Indicates whether to apply the transferred cash to the principal or income portion of the cash balances. The system classifies cash into a Trade cash category and an Income cash category. A Trade cash record can have an income component such as purchased or sold interest, as is typical on fixed income trades. This field identifies whether the transfer affects the principal or income amounts for cash records. Options include:
  • Increase Principal
  • Increase Income
Create Positive Cash Flows5355Indicates whether you want to create a position cash flow for the cash transfer. Options include Yes and No.
Transfer Currency13Specifies the currency code of the cash account to which you are transferring cash.
Currency Full Name961Displays the name of the currency you are transferring to a cash account.

Accounting Information



Transfer Amount7350Specifies the amount of cash to transfer. The value must be greater than zero.
Local to Base FX Rate87Specifies the foreign exchange rate for the security's local currency to the entity's base currency.

Bank Account Information



Custodian Bank Name1146Specifies the name of the custodian bank associated with the cash you are transferring. The lookup displays the bank account relationships established between the entity or the entity's reporting composite and the custodian bank, showing the custodian bank name, custodian bank code, and custodian bank account number.
Custodian Bank Code1240Specifies the code of the custodian bank associated with the cash you are transferring.
Custody Bank Account Number1660Specifies the custodian bank primary account number.
Custody Bank Sub Account1661Displays the sub account type assigned by the custodian bank. If the entity uses cash segregation, this field displays a value of Other. Otherwise, it displays the sub account associated with the selected bank account relationship. Options include:
  • Cash. A cash sub account.
  • Short. A short position sub account.
  • Margin. A margin sub account.
  • Non-Security. A non-security sub account.
  • Other. A user-defined sub account.
  • Conversion. A conversion sub account.
Cash Account Name11696Specifies the name of the cash account for the custodian from which you are transferring cash. If you select a custody basis for the transfer, the lookup displays the available cash accounts based on the cash account relationships defined for the selected custodian's bank account relationship.
Cash Account Number 11697Specifies the account number of the cash account for the custodian from which you are transferring cash.
To Cash Account Name11674Specifies the name of the cash account for the custodian to which you are transferring cash. If you select a custody basis for the transfer, the lookup displays the available cash accounts based on the cash account relationships defined for the selected custodian's bank account relationship.
To Cash Account Number16080Specifies the account number of the cash account for the custodian to which you are transferring cash.

Other Information



Transaction Notes56Specifies user defined information about the transaction.

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transfer custody quantity within an account
transfer custody quantity within an account
Transfer Custody Quantity within an Account

In the Run Custody Quantity Transfer panel, you can move units of a full or partial position in the custody basis for an entity that uses position and cash segregation from one custody location to another custody location at a point in time. The system bases entitlements such as corporate actions on the new custody location from that point forward. As of processing reflects the custodian move. This move has no impact on the core accounting position.

To transfer custody quantity between accounts manually:

  1. In Accounting Center, in the left navigation pane, click Transactions > Transfers > Manual Interportfolio Transfer > Run Custody Quantity Transfer.
    You see the Run Custody Quantity Transfer panel.
  2. Complete the options in the Run Custody Quantity Transfer panel.
  3. Click Submit.
    You have transferred the custody quantity.

Run Custody Quantity Transfer Panel Options

The following are the options in the Run Custody Quantity Transfer panel.

OptionTagDescription

Entity Information

Entity Name1164Specifies the name of the entity. You must select an entity used for cash segregation that has a custody basis.Entity ID1163Specifies the unique identifier of the entity.Accounting Basis21Displays the custody accounting basis of the entity. For example, CUST.Base Currency86Displays the base currency of the entity.

From Custodian Information

Custodian Bank Name1146Specifies the name of the custodian bank from which you are transferring the quantity. The lookup allows you to select a custodian with a bank account relationship established between the entity or the entity's reporting composite and the custodian bank. The lookup shows the custodian bank name, custodian bank code, and custodian bank account number.Custodian Bank Code 1240Specifies the code of the custodian bank from which you are transferring the quantity.Custody Bank Account Number1660Specifies the custodian bank primary account number.Custody Bank Sub Account1661Displays the sub account type assigned by the custodian bank from which you are transferring the quantity. If the entity uses cash segregation, this field displays a value of Other. Otherwise, it displays the sub account associated with the selected bank account relationship. Options include:
  • Cash. A cash sub account.
  • Short. A short position sub account.
  • Margin. A margin sub account.
  • Non-Security. A non-security sub account.
  • Other. A user-defined sub account.
  • Conversion. A conversion sub account.

To Custodian Information

Custodian Bank Name7001Specifies the name of the custodian bank to which you are transferring the quantity. The lookup allows you to select a custodian with a bank account relationship established between the entity or the entity's reporting composite and the custodian bank. The lookup shows the custodian bank name, custodian bank code, and custodian bank account number.Custodian Bank Code7002Specifies the code of the custodian bank to which you are transferring the quantity.Custody Bank Account Number7003Specifies the custodian bank primary account number.Custody Bank Sub Account7004Displays the sub account type assigned by the custodian bank to which you are transferring the quantity. If the entity uses cash segregation, this field displays a value of Other. Otherwise, it displays the sub account associated with the selected bank account relationship. Options include:
  • Cash. A cash sub account.
  • Short. A short position sub account.
  • Margin. A margin sub account.
  • Non-Security. A non-security sub account.
  • Other. A user-defined sub account.
  • Conversion. A conversion sub account.

Accounting Information

Quantity/Ratio739Determines how to define the transfer amount Options include:
  • Quantity. Default. Defines the transfer amount as a quantity.
  • Quantity Ratio. Defines the transfer amount as a percentage.
Trade Date35Specifies the effective date of the trade. The trade date cannot be greater than the post date, accounting date, or settlement date.Accounting Date36Specifies 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 Date4733Displays the month end accounting date.Event Type55Display the business intent of the transaction. For example, FNDSPLTMRG.Long/Short Indicator15Indicates whether the position you are transferring is long or short. Options include Long or Short.Issue Name961Specifies the name of the security.Ticker13Specifies the system of letters used to uniquely identify a security.Xref Type1234Specifies the cross reference security type, such as SEDOL, CUSIP, and so on.Xref ID1233Specifies the cross reference security identifier.Quantity Type12Displays the quantity generally accepted as a standard for exchange, such as shares, par, units, and contracts.Instrument Type11Displays the instrument type.Security Type82Displays the security type of the asset.Issue Currency85Displays the currency in which the security is priced.Position Original Face109Displays the original quantity of the position.Position Quantity122Displays the current quantity of the position.Original Face41Specifies the original face value of the security.Current Factor91Specifies the paydown factor for the mortgage backed security.Quantity40Specifies the transfer quantity of the security. The value must be greater than zero. This field appears if you set the Quantity/Ratio field (tag 739) to a value of Quantity.Quantity Ratio61Specifies the transfer quantity ratio of the security as a percentage. This field appears if you set the Quantity/Ratio field (tag 739) to a value of Quantity Ratio. A value of 1.00 moves 100% of an asset.Price319Specifies the market price. For inheritances, identifies the market price on the date of death. This field appears if the Transfer Method field has a value of Market or Market (Retain Lot Structure).Local to Origin Base FX Rate87Specifies the foreign exchange rate for the security's local currency to the origin entity's base currency.Local to Recipient Base FX Rate322Displays the foreign exchange rate for the security's local currency to the recipient entity's base currency.Lot Selection Method27

Specifies the lot selection method the system uses to relieve (sell) lots of a security held by the entity. Options include:

  • Ratio Across Lots. The lots are selected and sold based on a proportionate allocation.
  • First In First Out (FIFO). Lots acquired first are sold first. The oldest lot is sold first based on the holding date. If you set the accounting basis Cost Basis Covered Indicator field (tag 2818) to Y, unknown cost lots are relieved first. The oldest cost lot is sold first based on the holding date.
  • Last In First Out (LIFO). Lots acquired last are sold first. The most recent lot is sold first based on the holding date. If multiple lots share the same holding date, the lot with the greatest event sequence is relieved first. The event sequence, set internally by the system, indicates the processing order of transactions within the same position.
  • High Amortized Cost or High Cost (HCLOT). The lots with the highest current cost are sold first. The system uses current unit cost, which includes amortization for debt securities. This method relieves the lots that can generate the maximum loss or the minimal gain.
  • Low Amortized Cost or Low Cost (LCLOT). The lots with the lowest current cost are sold first. The system uses current unit cost, which includes amortization for debt securities. This method relieves the lots that can generate the minimal loss or the maximum gain.
  • High Original Cost (HORIG). The lots with the highest original cost are sold first. The system uses the original unit base cost of the open lots. It relieves the lots that can generate the maximum loss or the minimal gain.
  • Low Original Cost (LORIG). The lots with the lowest original cost are sold first. The system uses the original unit base cost of the open lots. It relieves the lots that can generate the minimal loss or the maximum gain.
  • Identified Lot (IDLOT). The specified lot or lots are sold first, which determines cost and tax implications. You can optimize this option to specific tax situations by selecting the specific lots to be sold. If you select this method, the lower pane in the close trade window displays lot details for each available lot, as determined by the entity's controlling basis. If no controlling basis exists, it displays lots for the primary basis. You must specify the quantity for one or more lots that you want to relieve. The total quantity you specify for the open lots must match the quantity entered for the total close. The close trade relieves the selected lots in each of the entity's accounting bases, and keeps the lot structures in sync. The system uses the lot's Orig Event ID field (tag 457) to match a single open lot in one basis to corresponding multiple open lots in another basis, as needed. This can occur for lots fractured as a result of wash sale processing.
  • Best Tax. The lots are selected and sold with the objective of taking losses first (short term then long term) and gains last (long term then short term). Lots are sold in the following order:
  1. Short term Losses. Lots that reflect a short term loss are sold first, beginning with lots that generate the greatest short term loss down to the least short term loss.
  2. Long term Losses. Lots that reflect a long term loss are sold, beginning with lots that generate the greatest long term loss down to the least long term loss.
  3. Short term No Gains or Losses. Short term lots that reflect no gain or loss.
  4. Long term No Gains or Losses. Long term lots that reflect no gain or loss.
  5. Long Term Gains. Lots that reflect a long term gain, beginning with lots that generate the least long term gain up to the greatest long term gain.
  6. Short Term Gains. Lots that reflect a short term gain, beginning with lots that generate the least short term gain up to the greatest short term gain.
  • Tax Advantage(TXADV). The lots with the lowest tax liability are sold first to minimize tax liability.
  • Versus Purchases (VSP). The lots are selected and sold based on lot purchase characteristics, such as the target purchase date and the target purchase price. This option must be specified at the trade level.
  • Tax Efficiency. The lots with the lowest tax liability are sold first to minimize tax liability. The system calculates the tax liability based on the manipulation of entity level tax factors for long and short term gains, long and short term losses, and currency gains. The system also incorporates the wash sale disallowance effect and considers the overall tax implications of closing each individual lot.

Other Information

Transaction Notes56Specifies user defined information about the transaction.Source Trade Ticket Number761Specifies the trade ticket identification number. The system uses it during processing. For example, IDLOT close or cancel events uses this number to locate an open lot.Event Sub Priority3961Specifies the corporate action sub priority which determines how the actions are processed when there are multiple transfers in a single day.User Char 11887Specifies one of three user defined fields.User Char 21888Specifies one of three user defined fields.User Char 31889Specifies one of three user defined fields.

PACE Performance Fields

Performance Price4598Specifies the price for use by Eagle's Performance solution. This field appears if you select a Transfer Method other than Market or Market (Retain Lot Structure).

Include Page
Transfer Custody Quantity within an Account
Transfer Custody Quantity within an Account