The Open Interest report allows you to reconcile income receivable/payables against ledgers within the daily workflow. This report displays position level open interest income in several report views, such as interest receivable, interest tax payable, interest tax reclaim receivable, and deferred interest information.
Grid The following are the grid and advanced report views available for this report include:
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Interest Receivable
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. This view displays any prior coupon/cash dividend drops open as of the report end date, as well as any current interest accruals that will be receivable in future once the coupon is cut. Also reports any open miscellaneous income/expense activity.
Interest Tax Payable
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. This view displays tax payable pertaining to prior open coupon/cash dividend receivables as wells as that pertaining to current interest accruals that will be payable in future once the coupon is cut.
Interest Tax Reclaim Receivable
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. This view displays any prior reclaim associated with coupon/cash dividends that are open as of the report end date, as well as any accrued reclaim receivable associated with interest accruals that will be receivable in the future.
Deferred Interest
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. Reports any current coupon period related interest accrual that is deferred.
EX Interest Receivable
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. This view displays any accrued interest already settled as part of the transaction's proceeds as a result of the security being traded ex of coupon entitlement.
LSL Summary. If you select Display Ledger Compatible Output, the Advanced profile displays a summary tab with the appropriate core ledger account description and balance.
LSL Detail. If you select Display Ledger Compatible Output, the Advanced profile displays a tab that provides an easy breakdown of each core ledger account balance summary line item, broken down into each individual position/ transaction level records.
To create the Open Interest report:
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In Accounting Center
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,
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in the left navigation
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pane, click Reports > Investment Accounting
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Reports > Income > Open Interest Report.
You see the Open Interest Report panel.Complete the
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options on the Open Interest Report panel.
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Under Result Options, click Grid or Advanced Report for the report view you want.
Click Submit.
The report results appear on your desktop for the view selected.
Open Interest Report Panel Options
A definition of the options on the Open Interest Report panel follows.
Option | Description |
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Search Criteria | |
Entity ID | Specifies a portfolio, sector portfolio, composite portfolio, or Master Fund by the entity ID of the entity. |
Entity Name | Specifies a portfolio, sector portfolio, composite portfolio, or Master Fund by name of the entity. |
Accounting Basis | Specifies the entity accounting basis. For example, USTAX, GAAP, or IFRS. |
Report Type | Specifies the type of date for controlling your report results. Options include:
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Report End Date | Specifies the ending date for your report results. The default is today's date. |
LSL Compatible Flag | Allows you to select a view that supports Ledger Subledger (LSL) balance reporting. Options include:
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Syncsend Engine Router | (Hidden) Indicates whether the system uses the Accounting engine or a report service to process the report results. Options include:
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Selection Criteria | |
Report Filters | Allows you to show/hide additional report and security filters. The default is No. |
Advanced Report Options | Allows you to show/hide advanced report, group, sort, and format options. The default is No. |
Filter Security By | Allows you to show/hide additional report filters. Options include:
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Other Filters | You can filter results using other filters. Options include:
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