In the Add Voluntary Corporate Action panel, you can identify the entities that elect to participate in a voluntary corporate action and provide details about their participation. Before you set up entity election details for a voluntary corporate action, you must add the corporate action announcement, setting the Mandatory/Voluntary Indicator field in the announcement panel to Voluntary. You can add voluntary corporate action elections for announcements that have a Released or a Pending corporate action status. However, Eagle Accounting does not process corporation actions until they have a Released status. Eagle Accounting allows you to create one voluntary corporate action election per entity per corporate action announcement.
To add a voluntary corporate action election:
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| Option | Tag | Description |
|---|---|---|
| Query Flag | 990 | Allows you to select corporate actions based on a specific type of date. Options include:: Effective Date. Selects corporate actions by effective date. This date becomes the trade date of the corporate action. Ex Date. Selects corporate actions by ex date. The ex date is the entitlement date of the corporate action. Pay Date. Selects corporate actions by pay date. The pay date is the date when the issuing company makes payment on the corporate action. The pay date becomes the settlement date of the corporate action. |
| Client Specific CA ID | 1695 | Specifies the client specific identifier for the corporate action. |
| Source Name | 1102 | Specifies the source name for the corporate action. The default value is Eagle PACE. |
| Asset ID Type | 1432 | Specifies the primary asset identifier type for the security, such as CUSIP, ISIN, and SEDOL. This field appears if you select a query option for one security. |
| Asset Asset ID | 14 | Specifies the identification number of the primary asset ID type for the security. This field appears if you select a query option for one security. |
| Issue Name | 961 | Specifies the name of the security. This field appears if you select a query option for one security. |
| To To Asset ID Type | 1103 | Specifies the primary asset identifier type for the To security, such as CUSIP, ISIN, and SEDOL. For a conversion, this is the underlying security to which the convertible bond converts. |
| Voluntary Voluntary Corporate Action Begin Date | 71 | Specifies the start date for corporate actions to include in the query results. You can enter the same date as the start and end date. |
| Voluntary Corporate Action End Date | 73 | Specifies the end date for corporate actions to include in the query results. |
| Voluntary Corporate Action Status | 54 | Indicates if the corporate action is correct and ready for processing. Options include:
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| Corporate Corporate Action Type | 1728 | Identifies the business name for the corporate action. |
| CA Event Corporate Action Event Type | 1257 | Specifies the type of corporate action event. |
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| Field | Tag | Description |
|---|---|---|
| Add Voluntary Entity Election | ||
| Entity Entity ID | 1163 | Specifies the unique identifier of the entity participating in the voluntary corporate action |
| Entity Entity Name | 1164 | Specifies the name of the entity participating in the voluntary corporate action. |
| Long/short Indicator | 15 | Displays a value of LONG or SHORT for the swap contract and each leg. When the Long/Short Indicator field (tag 2284) in the upper pane has a value of Long, the Long/Short Indicator (tag 15) in the lower pane identifies the swap contract as Long, the pay leg as Short, and the receive leg as Long. If you set the Long/Short Indicator field (tag 2284) in the upper pane to Short, the Long/Short Indicator (tag 15) in the lower pane identifies the swap contract as Short, the pay leg as Long, and the receive leg as Short. |
| Voluntary Corporate Action Detail | ||
| Asset ID Type | 1432 | Displays the primary asset identifier type for the security associated with the corporate action, such as CUSIP, ISIN, and SEDOL. |
| Asset ID | 14 | Displays the identification number of the primary asset ID type for the security associated with the corporate action. |
| Issue Issue Name | 961 | Displays the name of the security associated with the selected corporate action. |
| CA TypeCorporate Action Type | 1728 | Displays the business name of the selected corporate action. |
| CA Election Corporate Action Election Type | 4513 | Returns a list of custom codes (no default values) that can classify the type of action. |
| Entity Election Details | ||
| Position Quantity | 122 | Displays the current quantity of the position. |
| Sweep Date | 1197 | Specifies the date that the global processes use to extract the corporate action for processing at the global level and apply it to eligible entities/holdings. |
| Ex Date | 65 | Displays the ex-date of the corporate action. |
| Expiry Date Processing | 12877 | Indicates whether the selected voluntary corporate action election allows processing based on expiration date. This field value initially indicates whether the selected entity allows you to process voluntary corporate actions based on expiration date. You can retain that value or you can override the entity's value at the voluntary corporate action election level. When you set up an entity as eligible or ineligible for expiry date processing, you have the option for some voluntary elections for the entity to use expiry date processing and other voluntary elections for the entity to use ex-date processing instead. Options include:
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| Expiry Date | 12876 | Displays the expiration date of voluntary corporate actions associated with the selected announcement. This field appears if the Expiry date processing field has a value of Yes. For entities that use expiry date processing, the system can process voluntary corporate actions based on expiration date +1. |
| Trade Date | 1109 | Specifies the trade date of the corporate action. By default you see the trade date for the corporate action announcement.. |
| Pay Pay Date | 1275 | Displays the pay date of the corporate action. The pay date is the settlement date of the corporate action. |
| Elected Shares | 316 | Specifies the number of shares participating in the voluntary corporate action for the entity. If you specify the elected shares, the system calculates the Elected Shares Percent value for you. |
| Elected Shares Percent | 1001 | Specifies the percent of shares participating in the voluntary corporate action for the entity. If you specify the elected shares percent, the system calculates the Elected Shares value for you. |
| Entity Election Status | 54 | Indicates the status of the voluntary corporate action entity election. Options include: |
| Eligible for Consent | 8097 | Indicates whether the voluntary corporate action entity election is eligible for consent payments. Options include: Yes and No. |
| Elected Shares for Consent | 8098 | Specifies the number of shares eligible for consent payments. |
Effective Date on Consent | 8011 | Displays the effective date on consent. |
| Rate Rate Of Action (Consent) | 8010 | Displays the effective rate of consent payment. |
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