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Mixed cost basis rules allow you to override an entity's accounting basis level elections for the cost basis method, lot selection method, and lot selection rule during transaction processing.

About Mixed Cost Basis Rules

To set up mixed cost bases, you create a name for a mixed cost basis rule and then define mixed cost basis rule details for that rule. Each set of mixed cost basis rule details for a rule includes override values for the cost method, lot selection method, and lot selection rule, along with the criteria used to apply those override values to a transaction. You assign the mixed cost basis rule to each entity/accounting basis that uses that rule.

Mixed cost basis rules allow you to apply override values based on transaction criteria that includes processing security type (PST) group, processing security type, security type, cost basis rule type, and asset ID, as well as by using each of these criteria in combination with a specified entity. When a trade is submitted, the system determines whether the accounting basis for that trade has a mixed cost basis rule assigned, and if so, determines whether the trade meets the criteria specified in the mixed cost basis rule details. If the system finds a match, it applies the rule's cost method, lot selection method, and lot selection rule values to the trade in place of the accounting basis level values. The system tries to match the trade to the most narrowly defined mixed cost basis rule details for the rule first, and then checks progressively broader mixed cost basis rule details, using the following hierarchy:

  • Entity and Asset ID
  • Entity ID and Cost Basis Rule Type
  • Entity ID and Security Type
  • Entity ID and Processing Security Type
  • Entity ID and Processing Security Type Group
  • Asset ID
  • Cost Basis Rule Type
  • Security Type
  • Processing Security Type
  • Processing Security Type Group
Content on this page:

Create a Mixed Cost Basis Rule Name

In the Create Mixed Cost Basis Rule panel, you can create a name for a mixed cost basis rule. 

To create a mixed cost basis rule name:

  1. Do one of the following: 
    - In Portfolio Data Center, in the left navigation pane, click Portfolio Desk > Accounting Portfolio Rules > Mixed Cost Basis Rules > Create Mixed Cost Basis Rule.
    - In Accounting Center, in the left navigation pane, click Setup > Portfolio Rules > Mixed Cost Basis Rules > Create Mixed Cost Basis Rule.
    You see the Create Mixed Cost Basis Rule panel.
  2. Click the Mixed Basis Rule Name field, and enter the name of the mixed cost basis rule.
  3. Click Submit.
    The Mixed Cost Basis Rule Name populates the Mixed Cost Rule Id field (tag 11665).

After you create the rule name, you can add the mixed cost basis rule details for the rule.

Edit a Mixed Cost Basis Rule Name

In the Edit Mixed Cost Basis Rule panel, you can change the name for a mixed cost basis rule.

To edit a mixed cost basis rule name:

  1. Do one of the following: 
    - In Portfolio Data Center, in the left navigation pane, click Portfolio Desk > Accounting Portfolio Rules > Mixed Cost Basis Rules > Edit Mixed Cost Basis Rule.
    - In Accounting Center, in the left navigation pane, click Setup > Portfolio Rules > Mixed Cost Basis Rules > Edit Mixed Cost Basis Rule.
    You see the Edit Mixed Cost Basis Rule panel.
  2. Click the Mixed Basis Rule Name field, and enter the name of the mixed cost basis rule you want to change.
    You can leave the name blank to change all mixed cost basis rule names.
  3. Click Submit.
    You see the mixed cost basis rules that met your criteria in the Show All tab.
  4. Select the row for each mixed cost basis rule you want to update so that a check mark appears in the Select column, and click Change Mixed Basis Rule.
    You see a row for each rule you selected.
  5. Click the row for each mixed cost basis rule you want to update, and change the Mixed Basis Rule Name field value.
  6. Click Submit.

Delete a Mixed Cost Basis Rule Name

In the Delete Mixed Cost Basis Rule panel, you can delete a mixed cost basis rule name.

To delete a mixed cost basis rule name:

  1. Do one of the following: 
    - In Portfolio Data Center, in the left navigation pane, click Portfolio Desk > Accounting Portfolio Rules > Mixed Cost Basis Rules > Delete Mixed Cost Basis Rule.
    - In Accounting Center, in the left navigation pane, click Setup > Portfolio Rules > Mixed Cost Basis Rules > Delete Mixed Cost Basis Rule.
    You see the Delete Mixed Cost Basis Rule panel.
  2. Click the Mixed Basis Rule Name field, and enter the name of the mixed cost basis rule you want to delete.
    You can leave the name blank to delete all mixed cost basis rule names.
  3. Click Submit.
    You see the mixed cost basis rules that met your criteria in the Show All tab.
  4. Select the row for each mixed cost basis rule you want to delete so that a check mark appears in the Select column, and click Delete Mixed Basis Rule.
    You see a row for each rule you selected. The fields describing the rule are locked, and are for information only.
  5. Click Submit to delete the selected rules.

List Mixed Cost Basis Rule Names

In the List Mixed Cost Basis Rule panel, you can list the names of mixed cost basis rules.

To list mixed cost basis rule names:

  1. Do one of the following: 
    - In Portfolio Data Center, in the left navigation pane, click Portfolio Desk > Accounting Portfolio Rules > Mixed Cost Basis Rules > List Mixed Cost Basis Rule.
    - In Accounting Center, in the left navigation pane, click Setup > Portfolio Rules > Mixed Cost Basis Rules > List Mixed Cost Basis Rule.
    You see the List Mixed Cost Basis Rule panel.
  2. Click the Mixed Basis Rule Name field, and select a mixed cost basis rule name.
    You can leave the name blank to display all rule names.
  3. Click Submit.
    You see the mixed cost basis rules that met your criteria in the Show All tab.

Create Mixed Cost Basis Rule Details

In the Create Mixed Basis Rule Details panel, you can create mixed cost basis rule details for a mixed cost basis rule. You can define multiple mixed cost basis rule details for a given rule.

To create mixed cost basis rule details: 

  1. Do one of the following: 
    - In Portfolio Data Center, in the left navigation pane, click Portfolio Desk > Accounting Portfolio Rules > Mixed Cost Basis Rules > Create Mixed Cost Basis Rule Details.
    - In Accounting Center, in the left navigation pane, click Setup > Portfolio Rules > Mixed Cost Basis Rules > Create Mixed Cost Basis Rule Details.
    You see the Create Mixed Cost Basis Rule Details panel.
  2. Complete the options on the Create Mixed Cost Basis Rule Details panel.
  3. Click Submit.

Edit Mixed Cost Basis Rule Details

In the Edit Mixed Cost Basis Rule Details panel, you can modify the cost method, lot selection method, and lot selection rule override values associated with a set of mixed cost basis rule details.

To edit mixed cost basis rule details:

  1. Do one of the following: 
    - In Portfolio Data Center, in the left navigation pane, click Portfolio Desk > Accounting Portfolio Rules > Mixed Cost Basis Rules > Edit Mixed Cost Basis Rule Details.
    - In Accounting Center, in the left navigation pane, click Setup > Portfolio Rules > Mixed Cost Basis Rules > Edit Mixed Cost Basis Rule Details.
    You see the Edit Mixed Cost Basis Rule Details panel.
  2. Complete the options on the Edit Mixed Cost Basis Rule Details panel.
  3. Click Submit.
    You see the mixed cost basis rule details for rules that met your criteria in the Show All tab.
  4. Select the row for each mixed cost basis rule detail you want to update so that a check mark appears in the Select column, and click Change Mixed Basis Rule Details.
    You see a row for each mixed cost basis rule details you selected.
  5. Click the row for each mixed cost basis rule details you want to update, and make your changes.
    You can change the Cost Method, Lot Selection Method, and Primary Basis Lot Selection Rule column values. The remaining columns describing the mixed cost basis rule details are locked, and are for information only.
  6. Click Submit.

Delete Mixed Cost Basis Rule Details

In the Delete Mixed Cost Basis Rule Details panel, you can delete mixed cost basis rule details.

To delete mixed cost basis rule details:

  1. Do one of the following: 
    - In Portfolio Data Center, in the left navigation pane, click Portfolio Desk > Accounting Portfolio Rules > Mixed Cost Basis Rules > Delete Mixed Cost Basis Rule Details.
    - In Accounting Center, in the left navigation pane, click Setup > Portfolio Rules > Mixed Cost Basis Rules > Delete Mixed Cost Basis Rule Details.
    You see the Delete Mixed Cost Basis Rule Details panel.
  2. Complete the options on the Delete Mixed Cost Basis Rule Details panel.
  3. Click Submit.
    You see the mixed cost basis rule details that met your criteria in the Show All tab.
  4. Select the row for each mixed cost basis rule details you want to delete so that a check mark appears in the Select column, and click Delete Mixed Basis Rule Details.
    You see a row for each mixed cost basis rule details you selected. The fields describing the rule are locked, and are for information only.
  5. Click Submit to delete the selected mixed cost basis rule details.

List Mixed Cost Basis Rule Details

In the List Mixed Cost Basis Rule Details panel, you can display a list of mixed cost basis rule details.

To list mixed cost basis rule details:

  1. Do one of the following: 
    - In Portfolio Data Center, in the left navigation pane, click Portfolio Desk > Accounting Portfolio Rules > Mixed Cost Basis Rules > List Mixed Cost Basis Rule Details.
    - In Accounting Center, in the left navigation pane, click Setup > Portfolio Rules > Mixed Cost Basis Rules > List Mixed Cost Basis Rule Details.
    You see the List Mixed Cost Basis Rule Details panel.
  2. Complete the options on the List Mixed Cost Basis Rule Details panel.
  3. Click Submit.
    You see the mixed cost basis rule details that met your criteria in the Show All tab.

List Mixed Cost Basis Rule Detail History

In the List Mixed Cost Basis Rule Detail History panel, you can display historical information for mixed cost basis rule details. You can use this panel to view mixed cost basis rule details that existed and/or were in effect at a certain time.

To list mixed cost basis rule detail history:

  1. Do one of the following: 
    - In Portfolio Data Center, in the left navigation pane, click Portfolio Desk > Accounting Portfolio Rules > Mixed Cost Basis Rules > List Mixed Cost Basis Rule Detail History.
    - In Accounting Center, in the left navigation pane, click Setup > Portfolio Rules > Mixed Cost Basis Rules > List Mixed Cost Basis Rule Detail History.
    You see the List Mixed Cost Basis Rule Detail History panel.
  2. Complete the options on the List Mixed Cost Basis Rule Detail History panel.
  3. Click Submit.
    You see the history for mixed cost basis rule details that met your criteria in the Show All tab. You can view the effective date and the update date for each mixed cost basis rule details row that met your criteria.

Enable a Mixed Cost Basis Rule for an Entity

You can set up an accounting basis for an entity or master fund to use a mixed cost basis rule. If the entity or master fund has multiple accounting bases, you can assign the mixed cost basis rule to a primary or a non primary basis. Mixed cost basis rules allow you to override an entity's accounting basis level elections for the cost basis method, lot selection method, and lot selection rule during transaction processing.

To enable a mixed cost basis rule for an entity or master fund:

  1. From any Eagle window, click the Eagle Navigator button to access the Eagle Navigator.
  2. Enter the panel name to add or change a basic accounting entity or master fund in the Start Search text box.
    For example, specify the Create/Edit Entity panel or the Create Master Fund panel,.These panels are available in Portfolio Data Center and in Accounting Center. 
  3. Click the link to access the panel.
    You see the panel.
  4. Select the entity for which you are enabling use of mixed cost bases.
  5. Click the Primary Basis Mixed Cost Basis Indicator field, and select Yes.
    The Primary Basis Mixed Cost Basis Indicator field determines if the entity/primary accounting basis uses a mixed cost basis. A mixed cost basis allows you to override the accounting basis level Cost Method, Lot Selection Method, and Lot Selection Rule field values when processing transactions for that basis.
  6. Click the Primary Basis Mixed Cost Basis Rule Name field, and select the name of the mixed cost basis rule to use for the entity's primary accounting basis.
    The Primary Basis Mixed Cost Basis Rule Name field specifies the name of the mixed cost basis rule that provides the override values for the cost method, lot selection method, and lot selection rule.
  7. Complete the remaining options on the panel, if required, and click Submit.
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