luEagle Eagle allows for entity exclusions on mandatory corporate actions. This allows for an entity to be excluded from a mandatory corporation all together, canceled after it has already been posted, or for processing to occur at a later date by cancelling the mandatory exclusion.
To add a mandatory corporate action exclusion:
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In the Reference Desk workspace,
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in the left navigation pane, click Corporate Actions and then click Mandatory Exclusions>Add Mandatory Corporate Action Exclusion.
You see the Query Mandatory Corporate Action Announcement panel.In the Query Voluntary Corporate Action Announcement section of the Entry panel, enter the criteria to select the released corporate action announcements for which you want to add mandatory corporate action elections.
Specify a date range for corporate actions to include in the Mandatory Corporate Action Begin Date and Mandatory Corporate Action End Date fields. All other criteria are optional.
Click Submit.
You see the results of your query in the Show All tab.Select the row for the mandatory corporate action exclusion you want to add and then click the click the Add Entity Exclusion button on the toolbar.
You see the Action Entry Panel-Add Entity Exclusion which displays information for the selected corporate action, and allows you to provide details about the entity exclusionIn the Add Entity Exclusion section, identify the Entity ID and Entity Name.
Complete the remaining options on the Action Entry Panel - Add Entity Exclusion panel.
The options you see vary based on the type of corporate action you select.If multiple entities elect to participate in the voluntary corporate action, and you want to add multiple entity election details, use the pane at the bottom of the panel as follows:
- Click the lower pane.
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- Right-click and select Add Rows.
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- Enter the number of rows you want to add in the Enter Rows Count dialog box and click OK. You must add a row for each entity election to associate with the exclusion.
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- Complete the options on each row with the entity election details to add.
Click Submit.
Add Mandatory Corporate Action Exclusion Panel Options
In the Add Voluntary Corporate Action Election panel, when you add an entity election details to a mandatory corporate action, you can select various options. Note that options vary according to the type of corporate action you select.
Option | Tag | Description |
|---|---|---|
Query Flag | 990 | Allows you to select corporate actions based on a specific type of date. Options include:: Effective Date. Selects corporate actions by effective date. This date becomes the trade date of the corporate action. Ex Date. Selects corporate actions by ex date. The ex date is the entitlement date of the corporate action. Pay Date. Selects corporate actions by pay date. The pay date is the date when the issuing company makes payment on the corporate action. The pay date becomes the settlement date of the corporate action. |
Client Specific CA ID | 1695 | Specifies the client specific identifier for the corporate action. |
Source Name | 1102 | Specifies the source name for the corporate action. The default value is Eagle PACE. |
Asset ID Type | 1432 | Specifies the primary asset identifier type for the security, such as CUSIP, ISIN, and SEDOL. This field appears if you select a query option for one security. |
Asset ID | 14 | Specifies the identification number of the primary asset ID type for the security. This field appears if you select a query option for one security. |
Issue Name | 961 | Specifies the name of the security. This field appears if you select a query option for one security. |
Mandatory Corporate Action Begin Date | 71 | Specifies the start date for corporate actions to include in the query results. You can enter the same date as the start and end date. |
Mandatory Corporate Action End Date | 73 | Specifies the end date for corporate actions to include in the query results. |
Voluntary Corporate Action Status | 54 | Indicates if the corporate action is correct and ready for processing. Options include:
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Corporate Action Type | 1728 | Identifies the business name for the corporate action. |
Corporate Action Event Type | 1257 | Specifies the type of corporate action event. |
Mandatory Corporate Action Exclusion Panel Options
In the Add Mandatory Corporate Action Exclusion panel, when you add exclusion details to a mandatory corporate action, you can select various options. Note that options vary according to the type of corporate action you select.
Option | Tag | Description |
|---|---|---|
Add Entity Exclusion | ||
Position Switch |
1256 | Options include:
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Entity ID |
5 | Specifies the unique identifier of the entity participating in the mandatory corporate action exclusion. |
Entity Name |
64 | Specifies the name of the entity participating in the mandatory corporate action exclusion. |
Accounting Basis |
21 | Specifies the entity accounting basis. For example, USTAX, GAAP, or IFRS. |
Position ID |
830 | Specifies the asset identifier to filter query results. | |
From Mandatory Corporate Action Details | ||
Asset ID Type | 1422 | Specifies the asset identifier type. |
Asset ID |
14 | The numbering or naming convention used to identify the security. |
Issue Name |
961 | The Issuer's Name. |
Corporate Action Type |
1728 | Identifies the business name of the corporate action. |
CA Event Type |
1257 | Specifies the type of corporate action event. |
Sweep Date |
1197 | Specifies the date that the global processes use to extract the corporate action for processing at the global level and apply it to eligible entities/holdings. |
Ex Date |
65 | Specifies the ex-date of the corporate action. The ex-date is the entitlement date of the corporate action. Ex-date is equal to the Trade Date of the corporate action. |
Trade Date |
1109 | Specifies the effective date of the trade. The trade date cannot be greater than the post date, accounting date, or settlement date. | |
To Mandatory Corporate Action Details | ||
To Asset ID Type | 1103 | Specifies the To asset identifier type. |
To Asset ID | 314 | The numbering or naming convention used to identify the To security. |
To Issue Name | 1087 | The To Issuer's Name. |
Mandatory Exclusion Notes | ||
Mandatory Exclusion Notes | 1740 | Use this space to comment on any of the funds that have elected to opt out of a mandatory announcement. |
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