The following are the options in the Open Currency Rate Swap panel. You can use this panel to book open trades for currency rate swaps. 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. |
Accounting Basis | 21 | Specifies the accounting basis. |
Base Currency | 86 | Displays the base currency of the entity. |
Issue Information | ||
Trade 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 | Specifies the business intent of the transaction. |
Long/Short Indicator | 2284 | Indicates whether the currency swap position is long or short. Options include:
|
Long/Short Indicator | 15 | Displays a value of LONG or SHORT for the swap contract and each leg. When the Long/Short Indicator field (tag 2284) in the upper pane has a value of Long, the Long/Short Indicator (tag 15) in the lower pane identifies the swap contract as Long, the pay leg as Short, and the receive leg as Long. If you set the Long/Short Indicator field (tag 2284) in the upper pane to Short, the Long/Short Indicator (tag 15) in the lower pane identifies the swap contract as Short, the pay leg as Long, and the receive leg as Short. |
Primary Asset ID | 14 | Specifies the primary asset identifier. |
Swap Type | 4590 | Indicates if the asset is a pay leg, receive leg, or contract. |
Issue Name | 961 | Displays the name of the security. |
Cross Reference ID | 1233 | Displays the cross reference identifier associated with the security. |
Clearing Broker | 1236 | Specifies the name of the clearing broker, if different from the trade broker. When you book a trade for an currency rate swap and use derivative segregation, you must specify the trade's clearing broker where available. The lookup shows clearing brokers associated with bank account relationships that have a relationship type of Entity & Clearing Broker Relationship. When you segregate derivatives, the system does not segregate currency rate swaps. |
Clearing Broker Code | 1237 | Specifies the code for the clearing broker. |
Instrument Type | 11 | Displays the instrument type. |
Security Type | 82 | Displays the security type of the asset. |
Processing Security Type | 3931 | Displays processing security type. |
Issue Currency | 85 | Displays the local currency of the security. |
Maturity Date | 38 | Displays the date the final principal payment is due on the security. |
Coupon Rate | 70 | Displays the rate at which the security accrues interest. It is expressed as an annual rate. |
Accounting Information | ||
Accrual Method | 1184 | Displays the accrual method that the system uses to post interest accruals and dividends for the swap. For example, Income/Expense or Unrealized. |
Settlement Currency | 63 | Specifies the currency in which the security is settled. |
Settlement Net Amount | 64 | Displays the actual settled amount of the trade. The value must not be equal to zero. |
Transaction Fee Information | ||
Commission Settlement Date | 11579 | Specifies the commission settlement date for the swap contract in the lower pane. If a date is specified, a traded cash record is created for the commission. The transactions fees are expensed on the ledger. |
Other Fee Settlement Date | 9357 | Specifies the other fee settlement date for the swap contract in the lower pane. If a date is specified, a traded cash record is created for the other fees. The transactions fees are expensed on the ledger. |
Settlement 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:
|
Broker Name | 1235 | Specifies the name of the primary broker. |
Broker Code | 88 | Specifies the code that represents the broker. |
Custodian Bank Name | 1146 | Specifies the name of the custodian bank responsible for the trade. If the trade applies to an entity where you use derivative segregation and cash segregation, the custodian fields do not appear. NOTE: You must establish a relationship between the custodian bank and your entity prior to booking the trade. |
Custodian Bank Code | 1240 | Specifies the code of the custodian bank. |
Custody Bank Account Number | 1660 | Specifies the custodian bank primary account number. |
Custody Bank Subaccount | 1661 | Displays the custodian bank subaccount number. |
Bank Alias | 16 | Displays the bank account relationship instance number. |
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. |
Other Information | ||
Derivative Elections | 56 | Specifies the type of derivative. Options include:
|
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. |
Manager | 3718 | Identifies the manager. |
Strategy | 3722 | Specifies the trade investment strategy identifier. |
Counterparty Name | 1173 | Specifies the counterparty name. |
Counterparty Name ID | 1144 | Specifies the counterparty name identifier. |
Holding Term | 9091 | Specifies the holding term for the trade based on the number of days between the original acquisition date (tag 216) and the maturity date (tag 35) on the lot. If you use ledger reporting based on ledger granularity rules to break out accounts by holding term, the system uses this value to identify the holding term for trades related to bonds and preferred stocks. Eagle Accounting's core transaction processing calculates the holding term for you, but you can manually override the value displayed in this field. Eagle Insurance clients that use ledger granularity rules have the system calculate the holding term based on the schedule associated with a lot. Options include:
|
Regulatory Intent | 8915 | If you now hold the trade in an entity/accounting basis with the new International Financial Reporting Standards (IFRS) regulatory category of Fair Value Profit Loss (FVPL) but previously held the trade in an entity/accounting basis with the old regulatory category of Fair Value Option (FVO) or Held for Trading (HFT), you can identify the old regulatory category specified for the trade at the entity/accounting basis level. You can specify a value for reporting purposes only. Options include:
|
User Defined Priority | 2862 | Specifies the user generated number that determines the event sub priority. That is, after the system accounts for the event sequence and corporate action sequence. |