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In the Run an Interportfolio Transfer panel, you can manually transfer a position and/or lots from a single security from one entity to another entity. After you submit the panel, the system transfers the position and/or lots.

Override Non Financial Data on From and To Side Transactions

When you process a manual interportfolio transfer, you can update non financial data such as Broker, Trade Ticket Number, and User Defined Fields. Otherwise, the system logic passes values from the original position/lot detail to the From transactions and to the new To transactions.

However, on taxable transfers, you may need the From and To transaction to have a unique identifier. There are also scenarios where an interportfolio transfer runs at a current market or predetermined price rather than transferring the position/lots at an original or amortized cost value. You can view these types of IPTs as two distinct “transactions” in the market and treat them as such from an accounting perspective. Thus the Run an Interportfolio Transfer panel lets you define a new Trade Ticket Number, User Defined Float value, or Broker on the From and To transactions independently, allowing you to separate the transactions from a recordkeeping perspective.

You can update all, some, or none of these tag values for the From and To transactions, independently. If you do not define a new value in the panel for a From/To broker, trade ticket number, or user defined float field, the existing logic for passing these values on the From and To transactions remains and the system passes values from the original position/lot detail. Only new tag values you enter manually into the panel override historical logic/data. 

Be aware that historical logic for Trade Ticket Number (tag 761) is slightly different from that used for the broker or trade ticket number. For manual non-taxable transfers (at amortized or original cost), the Trade Ticket Number value populates on the To transactions but not the From transactions. For manual taxable transfers (at market price) , the Trade Ticket Number value does not populate on the To transactions or the From transactions.

Rule-Based Interportfolio Transfers

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