In the Manage Period Close Rule panel's Results tab, when you change or list period close rules, you can indiclude or exclude view the various message types/event types included or excluded from period close rule processing based on the requirements of your business. You can change the include/exclude status for one or more message type/event type combinations.
Results - Manage Period Close Rule Show All Tab Options
The following are the entries available by default in the List Period Close Rule panel resultscolumns you can view for results in the Show All tab when you list or change period close rules.
Option | Tag | Description |
|---|---|---|
Select All | If you are changing period close rules, you can select this unlabeled check box in the header row to select all rows in the Show All tab for changing. Otherwise, you can select one or more check boxes to the left of each row to select that row or rows for changing. If you are listing period close rules, this column is not available. | |
Message Type | 5523 | Specifies the transaction message type to which the period close rule applies. |
Values include MTADJUST, MTOPEN, MTCLOSE, and MTLINK. | ||
Event Type | 5524 | Specifies the event type associated with the transaction message type for an event to which the period close rule applies. An event type specifies the business intent of the transaction. |
Include Exclude Ind | 1883 | Indicates whether the system |
can apply an accounting date based on Trade Date + 1 Business Day (T + 1) for the corresponding Message Type/Event Type |
Specifies the event type for an MTOPEN event to which the period close rule applies. An event type specifies the business intent of the transaction. This field appears if you set the Message Type field to MTOPEN. Options include:
- BUY. Opens a long position. Can be used to open equities, options, caps, floors, rights, warrants, and all debt.
- BUYFUT. Opens a long position. A cash record is created at the time of a close or when margin is approved. This event is used to open futures with variation margin.
- BUYVARMAR. Opens a long position. A cash record is created at the time of a close or when margin is approved. This event is used to open options on futures with variation margin.
- CALLASNST. Closes a long call option position that is technically short and closes the underlying long. The settlement method must be PHYSICAL, the underlying must be a held security with sufficient quantity.
- CDSOPEN. Opens a long position. It is used to open credit default swap contracts.
- CONVERSION. Opens a long or short position. Conversion events are basis specific and do not replicate to all accounting bases. The event excludes options on futures, currency, futures, forwards, repos, reverse repos, and index securities.
- CPB. Lots with unknown cost basis are opened with the MTOPEN REC event. The CPB event closes the unknown lot either fully or partially and opens a lot with the cost basis provided on the event. Normally used for brokerage.
- DEPOSIT. Opens a long position. Generally used for short term interest at maturity securities. A bank certificate of deposit is a time deposit product.
- LPOPEN. Opens a long limited partnership position.
- OPENFUTURE. Opens a long or short position and creates a cash record only if there are fees and the fees are expensed. This event is used to book futures without variation margin.
- OPENSWAP. Opens interest rate, total rate or return, currency, and inflation linked swap contracts. Also opens lock securities. The contract is always opened long, the legs are opened long and short.
- PUTASNST. Closes a long put option position that is technically short and opens the underlying long. The settlement method must be PHYSICAL.
- REC. Opens a long or short position. REC events can be opened with an unknown cost basis that can be adjusted later with the CPB event. This event is very similar to the CONVERSION event.
- SELLFUT. Opens a short position. A cash record is created at the time of a close or when margin is approved. This event is used to open futures with variation margin.
- SELLVARMAR. Opens a short position. A cash record is created at the time of a close or when margin is approved. This event is used to open options on futures with variation margin.
- SHORTSELL. Opens a short position. Can be used to open equities, rights, warrants, and all debt.
- TBAOPEN. Opens a long or short to be announced (TBA) position. A cash record is created if the entity election, Create TBA Cashflow flag, is Y. If it is N, a cash record is created for the net cash movement at the time of the close.
- WRITE. Opens a short position. Can be used to open options, caps, and floors.
Specifies the event type for an MTCLOSE event to which the period close rule applies. An event type specifies the business intent of the transaction. This field appears if you set the Message Type field to MTCLOSE. Options include:
processing activity for eligible entities. The system applies T + 1 accounting dates to transactions only for entities that specify an accounting period rule of Trade Date + 1 Business Day and have a Message Type/Event Type included, or set to Yes . Options include:
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Period Close Rule Message Type/Event Types
The following table describes the Message Type/Event Type combinations you can view when you use the Manage Period Close Rules panel to list or change one or more period close rules. You can include or exclude these processing activities from period close rule processing.
Message Type (target msg type) | Event Type (target mgs sub type) | Description |
|---|---|---|
MTADJUST | DECRBASIS | Decreases the current cost of a lot. |
MTADJUST | DECRFEE | Decreases specific types of book value fees, which also adjusts book cost. Applies to cost positions in entities where the Book Value Breakdown Flag is equal to Yes. |
MTADJUST | DECROPEN | Decreases the current cost of a lot. |
MTADJUST | EMAADJUST | If you use the Equity Method of Accounting (EMA), this event is used for income adjustment, cost adjustment, distribution, and EMA/COST activation. The Reason Code identifies the purpose of the transaction. Open lots on the position are adjusted on a pro-rata basis, along with a new Open lot adjustment. |
MTADJUST | INCBASIS | Increases the current cost of a lot. |
MTADJUST | INCRFEE | Increases specific types of book value fees, which also adjusts book cost. Applies to cost positions in entities where the Book Value Breakdown Flag is equal to Yes. |
MTADJUST | INCROPEN | Increases the current cost of a lot. |
MTADJUST | LPCALL | A limited partnership event that targets an LPOPEN and adjusts the cost. Used for private equity. |
MTADJUST | LPCAP | A limited partnership event that targets an LPOPEN and adjusts the cost for income, expenses, and gains and losses. Used for private equity. |
MTADJUST | NONCREDIT_ADJ | Adjusts the noncredit loss associated with impairments by lot. |
MTADJUST | WRITEDOWN | Decreases the current cost of a lot, and posts to the ledger and offsets the cost adjustment to either gain/loss or amortization. If the entity uses the average cost method, the adjustment is done at the position level instead of at the lot level for ID cost entities. |
MTCLOSE | BUYCVR | Closes a short position. Can be used to close equities, options, caps, floors, rights, warrants, and all debt. |
MTCLOSE | BUYVARMAR | Closes a short position. This event is used to close options on futures with variation margin. |
MTCLOSE | CALLASNST |
Closes a short call option position at cost and closes the underlying long if the settlement method is PHYSICAL or opens the underlying short if the settlement method is PHYSHORT. | |
MTCLOSE | CALLEXRST |
Closes a long call option position at cost and opens the underlying long if the settlement method is PHYSICAL or closes the underlying short if the settlement method is PHYSHORT. | |
MTCLOSE | CLOSEFUTURE |
Closes a long or short position and creates a cash record only if there are fees and the fees are expensed. This event is used to close futures without variation margin. | |
MTCLOSE | CLOSESWAP |
Closes interest rate, total rate or return, currency, and inflation linked swap contracts. Also closes lock securities. The contract is always closed long, the legs are closed long and short. | ||
MTCLOSE | COLLCLS | (No longer in use). Process of a close of repo collateral. |
MTCLOSE | CURRENCY_EXER_ASN |
Used to physically exercise or assign a currency option only. It closes a long currency option and opens a spot contract for the currencies involved by creating a cash disbursement for the currency sold and a cash receipt for the currency purchased. | |
MTCLOSE | DEL |
Used to close lots/positions down at cost. |
MTCLOSE | EMACLOSE | Closes equity positions with a processing security type of Joint Venture/Limited Liability/Partnership (JVLCLP) or Common Stock (EQCSCS) when you use the Equity Method of Accounting (EMA). |
MTCLOSE | FNDSPLTMRG | Transfers either a full position, partial position, or lot from one entity to another. |
MTCLOSE | PUTASNST |
Closes a short put option position at cost and opens the underlying long if the settlement method is PHYSICAL or closes the underlying short if the settlement method is PHYSHORT. | |
MTCLOSE | PUTEXRST |
Closes a long put option position at cost and closes the underlying long if the settlement method is PHYSICAL or opens the underlying short if the settlement method is PHYSHORT. | |
MTCLOSE | ROLLOVER |
Rolls over lots created with a DEPOSIT event into a new security with new terms. | |
MTCLOSE | SELL |
Closes a long position. Can be used to close equities, options, caps, floors, rights, warrants, and all debt. | |
MTCLOSE | SELLFUT |
Closes a long position. This event is used to close futures with variation margin. | |
MTCLOSE | SELLVARMAR |
Closes a long position. This event is used to close options on futures with variation margin. | |
MTCLOSE | TBACLOSE |
Used to close TBA lots/positions as a result of an allocation, pair-off, turn-around, and so on. A cash record is created if the entity election, Create TBA Cashflow flag, is Y. If it is N, a cash record is created for the net cash movement at the time of the close. | |
MTLINK |
Specifies the event type for an MTLLINK event to which the period close rule applies. An event type specifies the business intent of the transaction. This field appears if you set the Message Type field to MTLINK. Options include:
JNLCVR | Nets a long and short position to one net long or short position. The MTLINK event creates an MTCLOSE JNLCVR LONG loopback which then spawns an MTCLOSE JNLCVR SHORT event. |
MTLINK | SPOT |
Used to create a currency contract which usually settles in just a few days from trade date. No cost is recorded. The MTLINK event generates two MTCASH SPOT events, one being a disbursement for the currency sold and the other a receipt for the currency purchased. | |
MTLINK | TRADEFWD |
Used to create a currency contract which usually settles on some future date. No cash record is created at the time of the trade but rather when either the contract is closed or when it matures. The MTLINK event generates either an MTCLOSE TRADEFWD LONG or MTOPEN TRADEFWD SHORT event for the non-settle leg first depending on the close eligible flag (tag 3924) and whether or not the currency being sold is the non-settle leg. If tag 3924 is N and the currency being sold is the non-settle leg, an MTOPEN TRADEFWD SHORT event is created. The non-settle event then generates the settle leg loopback event. |
Identifies the accounting date rule used as the assignment rule. The assignment rule specifies the method that the system uses to assign the accounting date to a transaction. Options include:
- Latest Open Period End Date
- No Date
- Today's Date
- Today's Date and Add 1 Business Day
- Trade Date
- Trade Date and Add 1 Business Day.
Identifies the accounting date rule used as the period close rule. If the assignment rule identifies an accounting date in a ledger accounting period that is closed or does not exist, the period close rule specifies the method that the system uses to assign an accounting date. Options include:
MTOPEN | BUY | Opens a long position. Can be used to open equities, options, caps, floors, rights, warrants, and all debt. |
MTOPEN | BUYFUT | Opens a long position. A cash record is created at the time of a close or when margin is approved. This event is used to open futures with variation margin. |
MTOPEN | BUYVARMAR | Opens a long position. A cash record is created at the time of a close or when margin is approved. This event is used to open options on futures with variation margin. |
MTOPEN | CALLASNST | Closes a long call option position that is technically short and closes the underlying long. The settlement method must be PHYSICAL, the underlying must be a held security with sufficient quantity. |
MTOPEN | CALLEXERFT | Created by MTCLOSE/CALLEXRST. This event is spawned by the business rules for the physical exercise of a futures call option only if the underlying investment type is FT. There is no panel supporting this event. It creates a long open. |
MTOPEN | CDSOPEN | Opens a long position. It is used to open credit default swap contracts. |
MTOPEN | CPB | Lots with unknown cost basis are opened with the MTOPEN REC event. The CPB event closes the unknown lot either fully or partially and opens a lot with the cost basis provided on the event. Normally used for brokerage. |
MTOPEN | DEPOSIT | Opens a long position. Generally used for short term interest at maturity securities. A bank certificate of deposit is a time deposit product. |
MTOPEN | EMAOPEN | Opens equity positions with a processing security type of Joint Venture/Limited Liability/Partnership (JVLCLP) and Common Stock (EQCSCS) when you use the Equity Method of Accounting (EMA). |
MTOPEN | FNDSPLTMRG | The MTOPEN/FNDSPLTMRG event is spawned from the MTCLOSE/FNDSPLTMRG event. These events transfer either a full position, partial position, or lot from one entity to another. |
MTOPEN | LPOPEN | Opens a long limited partnership position. Used for private equity. |
MTOPEN | OPENFUTURE | Opens a long or short position and creates a cash record only if there are fees and the fees are expensed. This event is used to book futures without variation margin. |
MTOPEN | OPENSWAP | Opens interest rate, total rate or return, currency, and inflation linked swap contracts. Also opens lock securities. The contract is always opened long, the legs are opened long and short. |
MTOPEN | PUTASNST | Closes a long put option position that is technically short and opens the underlying long. The settlement method must be PHYSICAL. |
MTOPEN | REC | Opens a long or short position. REC events can be opened with an unknown cost basis that can be adjusted later with the CPB event. This event is very similar to the CONVERSION event. |
MTOPEN | SELLFUT | Opens a short position. A cash record is created at the time of a close or when margin is approved. This event is used to open futures with variation margin. |
MTOPEN | SELLVARMAR | Opens a short position. A cash record is created at the time of a close or when margin is approved. This event is used to open options on futures with variation margin. |
MTOPEN | SHORTSELL | Opens a short position. Can be used to open equities, rights, warrants, and all debt. |
MTOPEN | TBAOPEN | Opens a long or short to be announced (TBA) position. A cash record is created if the entity election, Create TBA Cashflow flag, is Y. If it is N, a cash record is created for the net cash movement at the time of the close. |
MTOPEN | WRITE | Opens a short position. Can be used to open options, caps, and floors. |