Book an Additional Commitment
You can book an additional commitment transaction for private equity to adjust the commitment amount.
To adjust the commitment for private equity 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 with holdings you want to
update.
On the Book Trade tab, in the Actions group, click Action Rules, point to Other, and then click
Commitment Adjustment/Capital Call.
You see the
Commitment Adjustment/Capital Call panel.
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.
Under Call/Commitment Information, set Transaction Name to
Commitment Adjustment.
Complete the remaining options on the Additional Funding/Capital Call panel.
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:
Additional Commitment. Allows you to adjust the commitment amount.
Call. Allows you to process a capital call.
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
Specifies the adjustment local amount of the commitment. You can enter a positive number to increase the total commitment, or enter a negative number to decrease the total commitment.
Cost Local
50
Specifies the net amount of the trade. The amount you enter generates a cash disbursement, increases the Funded Capital (tag 18386) value, and decreases the Unfunded Commitment (tag 18388) value.
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
You see the fields that apply to the selected transaction.
In the Commitment Adjustment Amount, enter the commitment amount for the adjustment.
You can enter a positive or negative adjustment amount.Enter other Commitment Information values as needed.
You can specify values for cash, settlement currency, and exchange rate. If the settlement currency differs from the asset currency, you can specify a settlement net amount.Complete the remaining options on the Commitment Adjustment/Capital Call panel.
Click Submit to process the adjustment to the commitment amount.