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 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:

• Yes. Assign an accounting date based on T + 1 when processing activity for this Message Type/Event Type for eligible entities. 
• No. Do not assign an accounting date based on T + 1 when processing activity for this Message Type/Event Type for eligible entities. Instead, assign an accounting date based on effective date (Trade Date).

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. 

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.

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. 

Adjusts the noncredit loss associated with impairments by lot.

Closes a short position. Can be used to close equities, options, caps, floors, rights, warrants, and all debt.

Closes a short position. This event is used to close options on futures with variation margin.

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.

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.

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.

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.

(No longer in use). Process of a close of repo collateral. 

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.

Used to close lots/positions down at cost.

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).

Transfers either a full position, partial position, or lot from one entity to another.

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.

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.

Rolls over lots created with a DEPOSIT event into a new security with new terms.

Closes a long position. Can be used to close equities, options, caps, floors, rights, warrants, and all debt.

Closes a long position. This event is used to close futures with variation margin.

Closes a long position. This event is used to close options on futures with variation margin.

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.

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.

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.

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).

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. 

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.