Book an Initial Fund Transaction
You can book an initial fund transaction for private equity.
To book a spot transaction using the Book Trade tool:
In Accounting Center, in the left navigation pane, click Transactions > Trades > Book Trade/Rebook Trade > Book Trade.
You see the Book Trade workspace.Complete the options in the Search Details pane and click Search.
You see the search results based on the criteria you selected.Select the row with the private equity security you want to fund.
On the Book Trade tab, in the Actions group, click Action Rules, point to Open, and then click Initial Funding.
You see the Initial Funding panel.Complete the options on the Initial Funding panel.
Click Submit to process the initial funding.
The Initial Funding event does not affect the current shares of the security and it does not affect the cash in the portfolio. The system stores the Commitment Amount value in the holding’s Original Par field.
Initial Funding Panel Options
The following are the key options in the Initial Funding panel. Note options may vary according to your selections.
Option | Tag | Description |
|---|---|---|
Entity Information | ||
Entity ID | 1163 | Specifies the unique identifier of the entity. |
Entity Name | 1164 | Specifies the name of the entity. |
Base Currency | 86 | Displays the base currency of the entity. |
Issue Information | ||
Effective Date | 35 | Specifies the effective date of the trade. The trade date cannot be greater than the post date, accounting date, or settlement date. |
Accounting Date | 36 | Specifies 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 Date | 4733 | Displays the month end accounting date. |
Settlement Date | 37 | Specifies the date the trade is settled. |
Event Type | 55 | Displays the business intent of the transaction. For example, LPOPEN. |
Long/Short Indicator | 15 | Displays an L (long) or S (short) to indicate whether the position is long or short. |
Cross Reference Type | 1234 | Specifies the cross reference type associated with the security. |
Issue Name | 961 | Specifies the name of the security. |
Ticker | 13 | Specifies the trade ticker of the security. |
Cross Reference ID | 1233 | Specifies the cross reference identifier associated with the security. |
Instrument Type | 11 | Displays the instrument type. For example, EQ. |
Security Type | 82 | Displays the security type of the asset. |
Issue Currency | 85 | Displays the local currency of the security. |
Initial Funding Information | ||
Transaction Name | 1728 | Displays the name of the transaction. For example, INITIAL. |
Shares | 40 | Displays the traded quantity of the security. The value is 1.00. |
Commitment Amount | 41 | Specifies the entire local amount of the commitment. This is a positive value. |
Cost Local Net | 50 | Specifies the net amount of the trade. You can set this value to 0.00 unless cash is involved with the initial commitment. This is most common with positions acquired in the secondary market. |
Settlement Currency | 63 | Specifies the currency in which the trade is settled. |
Settlement Net Amount | 64 | Displays the actual settled amount of the trade. The value must be greater than zero. |
Recallable Capital Local | 18390 | |
Local to Base FX Rate | 87 | Displays the foreign exchange rate used to calculate the net base amount. The value must be greater than zero. |
Cost Base Net | 478 | Displays the base amount of the trade. This amount is calculated based on the following formula: Local Net Amount / Local to Base FX Rate. The value must be greater than zero. |
Recallable Capital Base | 18391 | |
Other Information | ||
Auto Settle Trade Indicator | 58 | Indicates whether the system settles the trade, coupon, and miscellaneous income and expenses automatically. If the entity's Auto Settle Indicator field is set to Yes, as specified on the Create/Edit Entity or Create Master Fund panels, the system creates a settlement when the trade is processed. There is no trade to settle date gain/loss. This applies even if the settlement date is in the future. Eagle recommends that you set the Auto Settle Indicator field to No for the entity and trade panels. Options include:
WRITERS NOTE: remove trade, |
Settle Instructions 1 | 1897 | Allows you to add settlement notes. |
Settle Instructions 2 | 1898 | Allows you to add settlement notes. |
Settle Instructions 3 | 1899 | Allows you to add settlement notes. |
Settle Instructions 4 | 1900 | Allows you to add settlement notes. |
Settle Location | 43 | Specifies the location in which the trade is settled. |
Transaction Notes | 56 | Contains user defined information about the trade. For example, Initial Commitment. |
Original Trade Ticket Number | 761 | Contains the trade ticket identification number. The system uses it during processing. For example, IDLOT close or cancel events use this number to locate an open lot. |
Pending Trade Flag | 3695 | Specifies whether the trade is eligible for pending trade processing prior to processing by the STAR accounting engine. If you use pending trade processing, the system can assign this value to incoming transactions that meet pending trade rule detail criteria. Or an incoming transaction can include this value. This field is hidden. Options include Y and N. |
Pending Trade Status | 3720 | Specifies the trade's transaction status for pending trade processing prior to processing by the STAR accounting engine. If you use pending trade processing, the system can assign a value of Pending to incoming transactions that meet pending trade rule detail criteria. Or an incoming transaction can include a value of Pending or a custom pending transaction status value defined in the PEND_TRD_STATUS code category. The default status is Pending if no status is provided. This field is hidden. |