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Book an Additional Commitment

You can book an additional commitment transaction for private equity to adjust the commitment amount.

To book additional funding using the Book Trade tool:

1. In Accounting Center, in the left navigation pane, click Transactions > Trades > Book Trade/Rebook Trade > Book Trade. 
   You see the Book Trade workspace.

2. Complete the options in the Search Details pane and click Search.
   You see the search results based on the criteria you selected.

3. Select the row with the private equity security you want to fund.

4. On the Book Trade tab, in the Actions group, click Action Rules, point to Other, and then click Additional Funding/Capital Call.
   You see the Additional Funding/Capital Call panel.

5. In the Entity Information section and the Issue Information section, identify the entity and security for the private equity position that you want to adjust.

6. Under Call/Commitment Information, set Transaction Name to Additional Commitment.

7. Complete the remaining options on the Additional Funding/Capital Call panel.

8. Click Submit to process the adjustment to the commitment amount.

Additional Funding/Capital Call Panel Options

The following are the key options in the Additional Funding/Capital Call 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, LPCOMMIT.

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.

Call/Commitment Information

Transaction Name

1728

Identifies the the name of the transaction. Options include:

1. to process

Select Lot

962

Identifies the lot you want to update. The lookup displays the holding created by the initial funding for the entity/security.

Shares

40

Displays the traded quantity of the security.

Additional Commitment Amount

41

1. the adjustment

1. to

1. the

1. commitment

Cost Local

50

1. amount

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.

Local to Base FX Rate

87

Specifies the foreign exchange rate used to calculate the net base amount. The value must be greater than zero.

Cost Base

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.

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:

• Yes. The system automatically settles the trade, coupon, and miscellaneous income and expenses. The system retrieves the settle date FX rate if the local currency does not equal base and generates a trade to settle date gain/loss.

• No. Default. The system does not automatically settle the trade, coupon, and miscellaneous income and expenses. You must schedule the settlement for these transactions using the Run Contract Cash global panel. Or, manually settle the transactions using the Run Multiple Settlements panel. If you use cash segregation based on actual cash settlements, you can schedule settlements using the Run Cash Auto Match panel and create settlements manually using Cash Matching. 

WRITERS NOTE: remove trade, coupon, and miscellaneous income and expenses from this section?

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, COMMITMENT ADJUST. This field uses the PECALLTYPE Code Category.

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.

Batch Identifier

701

Specifies the batch identifier. This optional field must be supplied by the client.

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

1. .