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Overview
Control Center allows you to view entity statuses for all system events in real time and provides a central location for applying business edits, reviewing and controlling transactions, and performing valuations and audits of entities. The Control Center trading gain/loss process determines the impact of a trade by comparing a transactions trade price to the prior market price. If the prior market price for a security was $10 per share and the security was purchased at $9 per share, a trading gain is posted for $1 per share. Trading gains and losses are posted to two memo accounts (general ledger - 8003000801 & 8003000802) at the security level.
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Entity Setup
Before the trading gain loss can be processed, the target entity must be set up appropriately.
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- Control Center Entity (10462): indicates if you can view an entity's status using the Control Center
No: the system does not allow you to view the entity status using the Control Center (this is the default)Yes: the system allows you to view the entity status using the Control Center- All edit test procedures check this flag to ensure the entity is set up as a Control Center entity
- When you select
Yes, additional fields in this section become available
- Trading Gain/Loss Rule Id (9231): specifies the trading gain/loss rule for the entity
- The trading gain/loss process determines the impact of a trade by comparing a transaction's trade price to the prior market price
- This option is required if you set the Control Center Entity field to Yes. Options include:
DEFAULT INCLUDE: tests new purchases by using the current day market exchange price.DEFAULT EXCLUDE: does not post trading gain/loss for new security purchases.
- Control Center Entity Tests (7003): specifies how you assign edit tests during fund setup. This option is required if you set the Control Center Entity field to Yes. Options include:
Core: used to attach out of the box edit tests upon fund setup.Non-Core: used to add customized edit tests to funds during the fund setup process.None: used to assign edit tests in the module after establishing them. Assigning edit tests at the composite level (not fund level) is easier to maintain.
- Control Center Process Center (11407): specifies the control center process center code for the entity
- Control Center uses this code for queries and processes that push edit test result data to the Status Map tables
- This option is required if you set the Control Center Entity =
Yes
- Control Center Daily Map (3975): specifies the daily Control Center status map used for the entity
- This field appears when you set Control Center Entity =
Yes
- This field appears when you set Control Center Entity =
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Derivatives Processing Security Types for Trading Gain/Loss
SWCDCO (Credit Default Swaps)SWCDCX (CDX Swap Contract)SWCOIF (Inflation Linked Swap Contract)SWCOIR (Interest Rate Swap Contract)SWLXEQ (Swap Leg Total Rate Return on Equity)SWCOCR (Currency Rate Swap Contract)FTXXXX (Future)- Options
OPOPCM (Future Option)OPOPCR (Currency Option)OPOPDB (Debt Option)OPOPEQ (Equity Option)OPOPFB (Factor Based Option)OPOPIX (Index Option)OPOPSW (Swaptions)
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Trigger Trading Gain/Loss
After the trade is booked, you can manually trigger trading gain loss by using Post Trading Gain Loss. Enter the applicable Entity ID (1163)/Entity Name (1164) and Accounting Date (36) and click Submit.
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Trading Gain/Loss Calculation
New Buys = Current Business Day's Market Value of Trade - Cost of Trade
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Reporting
To see trading gain loss posting search in accounting journal by memo accounts (7191) - YES