To manually add a London Metal Exchange (LME) future contract:
In Accounting Center, in the left navigation pane, click Setup > Securities > Manage Securities > Issue Viewer.
You see the Issue Viewer tool.
Click the Add arrow.
Point to Derivatives and click LME Future Contract.
You see the Future Contract panel.
NOTE: If you are adding a London Metal Exchange (LME) future contract, you can also select the Derivatives/Future Contract option. However, using the LME Future Contract option allows you to add the future more easily, because it displays default field values in the panel that apply to LME futures.
Complete the options on the Future Contract panel.
The following fields are required to set up an LME future contract: Issue Name, Primary Asset ID Type, Primary Asset ID, Issue Country Code, Asset Currency, Settlement Currency, Income Currency, Primary Exchange Code, Prompt Date, and Last Trade Date.Click Submit.
Change LME Future Contracts
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 section for more information.
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 an LME future contract:
In Accounting Center, in the left navigation pane, click Setup > Securities > Manage Securities > Issue Viewer.
You see the Issue Viewer tool.Enter the query parameters and click Search.
You see a list of security records that meet your selection criteria in the Query Result window.Select the security record you want to update, click the Change arrow, and click Change
Future Contract. Or double-click the security record.
You see the Change Future Contract panel.Change the options on the Change Future Contract panel.
Click Submit.
Future Contract Panel Options - LME Future Contract Option Selected
The following are the options in the Future Contract panel when you select the LME Future Contract option. Note options may vary according to your selections.
Option | Tag | Description |
|---|---|---|
SRM Status Flags | ||
Release Status | 614 | Displays the release status of the Security Reference Manager (SRM) record. This field is null when adding a new security. |
Authorize Flag | 11742 | Flags records that have been authorized. |
Validation Process Flag | 4569 | Flags records that have been reviewed in the Security Reference Manager (SRM). |
Future 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 the security. |
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. |
Future Xreference Identification | ||
CUSIP | 1952 | Specifies the Committee of Uniform Security Identification Procedure (CUSIP) that identifies the security issue. |
ISIN | 1955 | Specifies the International Security Identification (ISIN) number that identifies the security issue. |
Sedol | 1958 | Specifies the Stock Exchange Daily Official List (SEDOL) 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. |
Cash Matching ID | 1973 |
Identifies the security issue for use in cash matching when you use cash segregation. If you set up security cross reference identifiers of CMM for use with cash matching, you can provide a Cash Matching ID for each security you plan to use in cash matching. | ||
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. Displays LME. |
Future Details | ||
Investment Type | 11 | Specifies the investment type. Displays FT, for future contracts. |
Processing Security Type | 3931 | Displays the code value that the system uses to determine the type of security you are adding. For example, FTXXXX, for future contracts. |
Security Type | 82 | Specifies the type of security. |
Sub Security Type | 1464 | Specifies the sub security type. |
Risk Classification Type | 11584 | Specifies the risk classification type for the security. This value allows funds to disclose the primary type of underlying risk within derivatives contracts and hedging activity, such as interest rate risk, credit risk, and so on. The FAS 161 report uses this information. You can select any value defined for the RISK_TYPE code category. |
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. You should not change this value once a position exists. |
Contract Size | 19 | Specifies the contract size. |
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 code that represents the country that issued the security. |
Asset Currency | 85 | Specifies the currency in which the security is priced. You should not change this value once a position exists. |
Settlement Currency | 63 | Specifies the currency in which the security is settled. |
Income Currency | 1186 | Specifies the currency in which the security pays income. |
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. It is also used with global tax withholding and tax reclaim processing. This field displays a value of LME, which is needed in order for the system to correctly process LME futures. |
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. |
Prompt Date | 2302 | Specifies the LME future contract's prompt date, or cash settlement date. |
Last Trade Date | 5076 | Specifies the last date that the security is eligible for trading. The system displays the date that you specified for the Prompt Date field (tag 2302), but allows you to edit that date. |
Point Size | 8501 | Specifies the value of one point for statutory investment schedules for insurance companies. The point size represents the monetary value of a one (1) point move in a futures position published by the exchange. |
Future Flags | ||
Restricted Flag | 1139 | Indicates any trade restrictions on the security. Options include:
|
Create Synthetic Cash Security | 2300 | Indicates whether to seed a synthetic cash security. Options include:
|
Look Thru Value | 1808 | Specifies the underlying security. |
Look Thru Ind | 1776 | Used to view exposure to the underlying security, index, or portfolio. |
Inactive Flag | 11043 | Indicates whether the security is inactive. Options include:
NOTE: If this field is set to Yes, no trades are allowed. |
Variation Margin Information | ||
Variation Margin | 4533 | Indicates that the system does not calculate a daily variation margin for the LME future contract. If the Primary Exchange field has a value of LME, indicating that you are adding an LME future contract, The system displays a value of No in this field, because it does not allow you to calculate a variation margin for the security. |
Variation Margin Rule | 2289 | Displays a variation margin rule of Standard Life to Date Future for LME futures. Rounding occurs at the total position level. The system uses variation margin rules to calculate notional cost, market value, unrealized gain/loss, and realized gain/loss for futures with and without variation margin. |
Underlying Information | ||
Underlying Issue Name | 1141 | Specifies the name of the underlying security. |
Underlying Ticker | 1349 | Specifies the ticker of the underlying security. |
Underlying Asset ID | 1348 | Specifies the asset identifier of the underlying security. |
Underlying Type | 916 | Specifies the type of underlying security. |
Issuer Information | ||
Issuer ID Name | 2285 | Specifies the name of the company or municipality that offered the security for sale. |
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 of the country in which the issuer of the security was incorporated. |
Issuer Industry | 1417 | Specifies the industry of the issuer. |
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. |