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In the Rights/Warrants panel, you can manually add and change a right or warrant. A right is a privilege allowing existing shareholders to buy shares of an issue of common stock shortly before it is offered to the public, at a specified (usually discounted) price in proportion to the number of shares already owned. A warrant is a certificate, usually issued along with a bond or preferred stock, entitling the holder to buy a specific amount of securities at a specific price, usually above the current market price at the time of issuance, for an extended period. In the case that the price of the security rises to above that of the warrant's exercise price, the investor can buy the security at the warrant's exercise price and resell it for a profit. Otherwise, the warrant will expire or remain unused. Warrants are listed on options exchanges and trade independently of the securities with which they are issued.

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Click the Issue Viewer link to access the tool.

This article assumes you are familiar with the entity elections that have been made for processing rights/warrants.

Add Rights/Warrants

To manually add a right/warrant:

  • From any Eagle window, click the Eagle Navigator button to access the Eagle Navigator.
  • Enter Issue Viewer in the Start Search text box.

    1. In Accounting Center, in the left navigation pane, click Setup > Securities > Manage Securities > Issue Viewer.
      You see the Issue Viewer tool.

    Click 

    1. Click the  Add arrow.

    Click 

    1. Point to Equities

     and 

    1.  and click Equities/Rights/Warrants.
      You see the Equities/Rights/Warrants panel.

    2. Complete the options on the Rights/Warrants panel.
      The following fields are required to set up a right or warrant: Issue Name, Primary Asset ID Type, Primary Asset ID, Processing Security Type, Issue Country Code, Asset Currency, Settlement Currency, Income Currency, Expiration Date, and Right/Warrant Type.

    3. Click Submit.

    Change Rights/Warrants

    Some fields are locked when there is an existing position on the security. This is because a change would impact the existing position. These fields include Asset Currency, Investment Type, Processing Security Type, Quantity Type, Price Multiplier, and Quantity Scale. Other fields are locked so they cannot be changed. See the About Locked Security Master Record Fields in Issue Viewer page for more information.

    NoteClick the Issue Viewer link to access the tool

    If you need to change a security master record, Eagle recommends canceling the security, making changes to the security master record, and rebooking the security.

    To manually change a right/warrant:

  • From any Eagle window, click the Eagle Navigator button to access the Eagle Navigator.
  • Enter Issue Viewer in the Start Search text box.

    1. In Accounting Center, in the left navigation pane, click Setup > Securities > Manage Securities > Issue Viewer.
      You see the Issue Viewer tool.

    2. Enter the query parameters and click Search.
      You see a list of security records that meet your selection criteria in the Query Result window.

    3. Select the security record you want to update, click the Change arrow, and click Change/Right/Warrant. Or double-click the security record.
      You see the Change Right/Warrant panel.

    4. Change the options on the Change Right/Warrant panel.

    5. Click Submit.

    Rights/Warrants Panel Options

    The following are the options in the Rights/Warrants panel. Note options may vary according to your selections. 

    Option

    Tag

    Description

    SRM Status Flag

    Release Status

    614

    Displays the release status of the Security Reference Manager (SRM) record. This field is null when you are adding a new security.

    Validation Process Flag

    4569

    Flags records that have been reviewed in the Security Reference Manager (SRM).

    Authorize Flag

    11742

    Flags records that have been authorized.

    Right/Warrant Identification

    Issue Name

    961

    Specifies the name of the security.

    Issue Description

    962

    Describes the security.

    Ticker

    13

    Specifies the system of letters used to uniquely identify a security.

    CUSIP/SEDOL Check Digit Control Flag

    2292

    Indicates whether you want to generate or validate CUSIP and SEDOL numbers. Options include:

    • Generate Check Digit. Generates the remaining numbers if you enter part of the CUSIP or SEDOL number.

    • Validate Check Digit. Validates the CUSIP and SEDOL number you enter is correct.

    Primary Asset ID Type

    1432

    Specifies the primary asset identifier type for the security, such as CUSIP, ISIN, and SEDOL.

    Primary Asset ID

    14

    Specifies the primary asset identifier for the security.

    Alt Asset ID Type

    5501

    Specifies an alternate asset identifier type for the security.

    Alt Asset ID

    1795

    Specifies the alternate asset identifier for the security.

    Right/Warrant Xreference Identification

    CUSIP

    1952

    Specifies the Committee of Uniform Security Identification Procedure (CUSIP), a unique identification number that identifies the security issue.

    ISIN

    1955

    Specifies the International Security Identification (ISIN), a unique international identification number that identifies the security issue.

    Sedol

    1958

    Specifies the Stock Exchange Daily Official List (SEDOL) number, a unique identification number that identifies the security issue.

    Reuters

    1961

    Specifies the Reuters identification number that identifies the security issue.

    Bloomberg ID

    1964

    Specifies the Bloomberg identification number that identifies the security issue.

    SICOVM

    1967

    Specifies the SICOVM identification number that identifies the security issue.

    Valoren

    1970

    Specifies the Valoren identification number that identifies the security issue.

    CEDEL

    1973

    Specifies the Centrale de Livraison de Valuers Mobilieres (CEDEL) identification number that identifies the security issue.

    INTERNAL

    1976

    Specifies the internal identification number that identifies the security issue.

    CINS

    1979

    Specifies the CINS identification number that identifies a foreign security issue. The CINS numbering system is an extension of the CUSIP numbering system.

    Xref Exchange

    1981

    Specifies the exchange where the security is traded.

    Right/Warrant Details

    Investment Type

    11

    Displays the type of investment you are adding. For example EQ (equity).

    Processing Security Type

    3931

    Specifies the code that the system uses to identify the type of security you are adding.

    Option includes

    Options include:

    • EQRTXX. Right.

    • EQWRXX. Warrant.

    Security Type

    82

    Specifies the security type.

    Sub Security Type

    1464

    Specifies the sub security type.

    Granularity Category

    11476

    Specifies the asset's classification for ledger granularity purposes. If the security attributes available for ledger granularity account breakouts (security type, long/short indicator, Federal tax indicator, market sector description, affiliated/unaffiliated, and issue country) do not provide enough detail, you can use a granularity category to classify the asset for ledger reporting. Code values are maintained under the GRANULARITY_CAT code category.

    Cost Basis Rule Type

    2817

    Specifies the cost basis rule type for cost basis reporting.

    Quantity Type

    12

    Specifies the quantity generally accepted as a standard for exchange, such as shares and par.

    Price Multiplier

    18

    Determines what the system uses for a price.

    Quantity Scale

    19

    Calculates the ratio of units bought to units used for earnings. The default is 1, so that 1 unit of par purchased equals one unit of earnings. You should not change this value once a position exists.

    Country of Risk

    2288

    Specifies the issuer of the security's principal place of business.

    Country of Risk Code

    10536

    Specifies the code of the issuer of the security's principal place of business.

    Issue Country

    2290

    Specifies the name of the country that issued the security.

    Issue Country Code

    1418

    Specifies the identification number that represents the country that issued the security.

    Asset Currency

    85

    Specifies the currency in which the security is priced.

    Settlement Currency

    63

    Specifies the currency in which the security is settled.

    Income Currency

    1186

    Specifies the currency in which the security pays income.

    Issue Tax Type

    668

    Identifies the security's tax structure. It is used with global tax withholding and tax reclaim processing.

    NOTE: Do not select All when setting up the tax structure for a security using this panel.

    Primary Exchange

    2291

    Specifies the marketplace in which the security is traded.

    Primary Exchange Code

    17

    Specifies the code of the marketplace in which the security is traded.

    Region

    5423

    Specifies a region. It does not necessarily mean the location of the exchange in which a security is traded. For example, suppose you have a Canadian bond that trades in the London Stock Exchange. You may want to set the region to Canada or North America.

    Expiration Date

    38

    Specifies the date on which the security matures.

    Right/Warrant Type

    1142

    Specifies whether the security is European or American.

    SIC Code

    1789

    Specifies the Standard Industry Classification (SIC), a code used to categorize and uniquely identify business activities.

    Right Warrant Flags

    Restricted Flag

    1139

    Indicates any trade restrictions on the security. Options include:

    • 144A. An SEC rule modifying a two year holding period requirement on privately placed securities to permit qualified institutional buyers to trade the positions among themselves.

    • Reg S. Various SEC rules relating to offers and sales made outside the U.S. without SEC Registration.

    • Reg D. An SEC regulation governing private placement exemptions. This rule allows some companies to raise capital through the sale of equity or debt securities without having to register the securities with the SEC.

    • Private Placement. The raising of capital using private rather than public placement. The result is the sale of securities to a relatively small number of investors.

    • 4(2) Paper

    • Other

    • None

    • Yes

    144A Eligible Indicator

    1301

    Indicates whether the security is 144A eligible. Options include:

    • Yes

    • No

    This field applies to debt instruments and is used for reference only.

    Look Thru Value

    1808

    Specifies the underlying security.

    Look Thru Ind

    1776

    Used to view exposure to the underlying security, index, or portfolio.

    SVO Category

    5856

    Specifies the Securities Valuation Office category for the security.

    Inactive Flag

    11043

    Indicates whether the security is inactive. Options include:

    • Yes. The system reports the security as inactive.

    • No. The system reports the security as active.

    NOTE: If this field is set to Yes, no trades are allowed.

    Convertible Information

    Underlying Security ID

    1348

    Specifies the identifier of the security in which a convertible bond is converted.

    Underlying Issue Name

    1141

    Specifies the name of the security in which a convertible bond is converted.

    Underlying Ticker

    1349

    Specifies the ticker of the underlying security.

    Underlying Type

    916

    Specifies the underlying security type.

    Exercise Price

    67

    Specifies the contracted price at which the purchaser of the security can purchase an underlying security.

    Conversion Ratio

    215

    Specifies the number of shares of the underlying security the owner of the parent security receives based on converting 1000 units of the parent security.

    Issuer Information

    Issue Name

    2285

    Specifies the name of the issuer.

    Issuer ID

    1413

    Specifies the identifier of the company or municipality that offered the security for sale.

    Country of Incorporation Code

    1174

    Specifies the ISO country code in which the issuer of the security was incorporated.

    Issuer Industry

    1417

    Specifies the issuer industry.

    Legal Entity Identifier (LEI)

    5089

    Displays the Legal Entity Identifier (LEI) that identifies the issuer as a financial party. If an LEI value is present, the Legal Entity Identifier Details section appears.

    Legal Entity Identifier Details

    Legal Name

    5090

    Displays the legal name of the issuer as the financial party registered with the LEI.

    Entity Status

    5091

    Displays the status of the issuer. For example, ACTIVE and INACTIVE.

    Legal Form

    5092

    Displays the legal form of the issuer as financial party registered with the LEI. For example, CORPORATION.

    Assigned Date

    5093

    Displays the date when the issuer's LEI was assigned.

    Last Update Date

    5094

    Displays the date when the issuer's LEI information was last updated.

    Disabled Date

    5095

    Displays the date when the issuer's LEI information was disabled.

    Record State

    5096

    Displays the record state for the issuer's LEI. The record state indicates the current process status of the CFTC Interim Compliant Identifier (CICI) record. For example, UNDER_REVIEW, DUPLICATE, CONFLICTING_SOURCES, INADEQUATE_SOURCES, VALIDATED, PENDING_REMOVAL.

    Certification State

    5097

    Displays the certification state used to register the issuer's LEI. For example, CERTIFIED, NOT_CERTIFIED, STALE.

    Street

    5098

    Displays the street address used to register the issuer's LEI.

    City

    5099

    Displays the city used to register the issuer's LEI.

    State

    5100

    Displays the state code used to register the issuer's LEI.

    Zip

    5180

    Displays the ZIP code used to register the issuer's LEI.

    Country Code

    5181

    Displays the country code used to register the issuer's LEI.