In the Create Amortization Schedule Override panel, when you add a user defined amortization schedule based on a price or schedule, or when you override the yield, you can select various options based on the requirements of your business.
The following are the options in the Create Amortization Schedule Override panel.
Option | Tag | Description |
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Add User Defined Amortization Schedule | ||
Add User Defined Amortization Based On |
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1256 |
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Indicates how to define the user defined amortization schedule |
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. Options include:
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Entity ID |
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1163 |
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Specifies the unique identifier of the entity. | |
Entity Name |
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1164 |
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Specifies the name of the entity. | ||
Accounting Basis | 21 | Specificies the accounting basis for the entity. |
Asset ID Type |
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1234 |
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Specifies the cross reference or primary asset identifier type for the security, such as CUSIP, ISIN, and SEDOL. | |
Asset ID |
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1233 |
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Specifies the cross reference security type, such as SEDOL, CUSIP, and so on. | ||
Issue Name | 961 | Specifies the name of the security. |
OID Indicator |
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218 |
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Displays Yes or No to indicate whether the security is OID (original issue discount) eligible. | |
Processing Security Type |
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3931 |
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Displays the processing security type. | |
Maturity Date |
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38 |
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Displays the date that the security repays all outstanding principal and stops earning interest. | |
Choose Lot to Select |
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334 |
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Allows you to select the tax lot for which you want to apply the user defined amortization schedule. The lookup displays all available lots for the selected entity/security combination. It shows the Issue Name, Primary Asset ID, Trade Date, the intent of the tax lot (Long or Short), and the accounting basis. | |
Event |
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ID | 25 | Displays the event ID for the selected lot. |
Units/Current Face |
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40 |
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Displays the current face value of the security for the selected lot. | |
Unit Price |
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45 |
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Displays the price of the security per unit for the selected lot. | |
Amortization Schedule ID |
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761 |
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Displays the amortization schedule ID for the selected lot. This value is equivalent to the lot's trade ticket number. This value is required, and is part of the primary key for the user defined schedule. However, this panel does not allow you to edit this value directly. If you are adding a user defined amortization schedule for a lot, and this value is blank, you can use the Non Financial Trade Data Modification panel to enter a value for the lot. | |
Amortization Date |
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1109 |
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Specifies the effective date of the user defined amortization schedule. If you define the schedule based on a YIeld Override, this value specifies the end date of the Amortization Yield. | |
Amortization Percentage Amount |
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5401 |
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Specifies the percentage to use for the user defined amortization schedule. This field appears only if you add a user defined amortization schedule based on a schedule. | |
Amortization Price |
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9483 |
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Specifies the price to use for the user defined amortization schedule. This field appears only if you add a user defined amortization schedule based on a price. | ||
Amort Yield | 75 | Specifies the amortization yield for the selected lot. This field appears only if you add a user defined amortization schedule based on a yield override. |
OID Yield | 39 | Specifies the OID yield for the selected lot. This field appears only if you add a user defined amortization schedule based on a yield override. |