WRITERS NOTE: capital calls expenses to be added in v17.2.37 per SDP-64747
You can use the Commitment Adjustment/Capital Call panel to adjust the commitment or to process a capital call for private equity. The following are the key options in the Commitment Adjustment/Capital Call panel. Note options may vary according to your selections.
Option | Tag | Description |
|---|---|---|
Entity Information | ||
Entity ID | 1163 | Specifies the unique identifier of the entity. |
Entity Name | 1164 | Specifies the name of the entity. |
Base Currency | 86 | Displays the base currency of the entity. |
Issue Information | ||
Effective Date | 35 | Specifies the effective date of the trade. The trade date cannot be greater than the post date, accounting date, or settlement date. |
Accounting Date | 36 | Specifies the date the trade is reported and has an effect on the entity's holdings and cash balances. The accounting date must be greater than the trade date. |
Monthly Accounting Date | 4733 | Displays the month end accounting date. |
Settlement Date | 37 | Specifies the date the trade is settled. |
Event Type | 55 | Displays the business intent of the transaction. For example, LPCOMMIT for an Additional Commitment transaction for a private equity fund or LPCALL for a Call transaction for a private equity fund. |
Long/Short Indicator | 15 | Displays an L (long) or S (short) to indicate whether the position is long or short. |
Cross Reference Type | 1234 | Specifies the cross reference type associated with the security. |
Issue Name | 961 | Specifies the name of the security. |
Ticker | 13 | Specifies the trade ticker of the security. |
Cross Reference ID | 1233 | Specifies the cross reference identifier associated with the security. |
Instrument Type | 11 | Displays the instrument type. For example, EQ. |
Security Type | 82 | Displays the security type of the asset. |
Issue Currency | 85 | Displays the local currency of the security. |
Call/Commitment Information | ||
Transaction Name | 1728 | Identifies the the name of the transaction. Options include:
|
Select Lot | 962 | Identifies the lot you want to update. The lookup displays the Target Event ID (Trade Date). A private equity has a single lot for a position. WRITERS NOTE: confirm |
Shares | 40 | Displays the traded quantity of the security. For example, 1.0. |
Commitment Adjustment Amount | 41 | If you select an Additional Commitment transaction, specifies the adjustment local amount of the commitment. You can enter a positive number to increase the total commitment, or enter a negative number to decrease the total commitment. |
Cash Local Amount | 50 | If you select an Additional Commitment transaction, you specify the local cash amount that funds the commitment. You must specify a value of zero or greater. If you select a Call transaction, specify the local cash amount that funds the commitment. You must specify a value greater than zero. The system uses the cash to calculate the position Capital Calls field value rather than cost. WRITERS NOTE: ???????? |
Settlement Currency | 63 | Specifies the currency in which the trade is settled. The issue currency appears by default but you can select any valid currency. WRITERS NOTE: https://eagleinvsys.atlassian.net/browse/SDP-56509 RN says you can settle Private Equity events except LPCOMMIT and LPCAP in a third currency. But the panel lets you settle LPCOMMIT in a third currency. |
Settlement Amount | 64 | Displays the actual settled amount of the trade. If you enter a Settlement Currency that differs from the Asset Currency, the field unlocks and you can specify a value greater than zero. |
Expense Amount Local | 11078 | If you select a Call transaction, you can specify a local expense amount of the trade. The system calculates the Cost Local as Local Cash Amount minus Expense Amount Local. WRITERS NOTE: Ok info about how used? |
Expense Account Number | 1826 | Specifies the ledger account number where the system posts the expense for the Expense Amount Local value. |
Cost Local | 128 | For an Additional Commitment transaction, specifies the local cost amount that adjusts the position cost and generates cash for the same amount. The amount you enter creates a cash disbursement for this amount, increases the Funded Capital (tag 18386) value, and decreases the Unfunded Commitment (tag 18388) value. You can only enter a positive value in this field. For a Call transaction, displays the local cost amount of the capital call. The event cost is equal to the Cash Amount minus the Expense. |
Recallable Capital Local | 18390 | If you select a Call transaction, you can speciy the local recallable amount of the cash distribution associated with the initial funding. You can input a positive or negative value. Leave this value as zero for non-recallable cash distributions. This amount decreases the Funded Capital (tag 18386) and increases the Unfunded Commitment (tag 18388) values. WRITERS NOTE: confirm definition. |
Local to Base FX Rate | 87 | Specifies the foreign exchange rate used to calculate the net base amount. The value must be greater than zero. |
Cash Base Amount | 478 | Displays the base cash amount of the trade. This amount is calculated based on the following formula: Local Net Amount / Local to Base FX Rate. |
Expense Base Amount | 11079 | If you select a Call transaction, displays the base actual expense amount of the trade. |
Cost Base | 129 | Displays the base cost amount of the trade. This amount is calculated based on the following formula: Local Net Amount / Local to Base FX Rate. |
Recallable Capital Base | 18391 | If you select a Call transaction, displays the base recallable amount of the cash distribution associated with the initial funding. This amount decreases the Funded Capital (tag 18386) and increases the Unfunded Commitment (tag 18388) values. Leave this value as zero for non-recallable cash distributions. WRITERS NOTE: confirm definition |
Other Information | ||
Auto Settle Trade Indicator | 58 | Indicates whether the system settles the trade, coupon, and miscellaneous income and expenses automatically. If the entity's Auto Settle Indicator field is set to Yes, as specified on the Create/Edit Entity or Create Master Fund panels, the system creates a settlement when the trade is processed. There is no trade to settle date gain/loss. This applies even if the settlement date is in the future. Eagle recommends that you set the Auto Settle Indicator field to No for the entity and trade panels. Options include:
WRITERS NOTE: remove trade, |
Settle Instructions 1 | 1897 | Allows you to add settlement notes. |
Settle Instructions 2 | 1898 | Allows you to add settlement notes. |
Settle Instructions 3 | 1899 | Allows you to add settlement notes. |
Settle Instructions 4 | 1900 | Allows you to add settlement notes. |
Settle Location | 43 | Specifies the location in which the trade is settled. |
Transaction Notes | 56 | Contains user defined information about the trade. This field uses the PECALLTYPE Code Category. Options include:
WRITERS NOTE: I cannot see multiple values for Commitment Adjust in the dropdown. Is that ok?: WRITERS NOTE: https://eagleinvsys.atlassian.net/browse/SDP-56508 Says Capital Call defaults for Call but it doesn’t. |
Original Trade Ticket Number | 761 | Contains the trade ticket identification number. The system uses it during processing. For example, IDLOT close or cancel events use this number to locate an open lot. |
Batch Identifier | 701 | Specifies the batch identifier. The system uses the Trade Ticket Number to set this value for the purpose of batch cancelling trades. |
Pending Trade Flag | 3695 | Specifies whether the trade is eligible for pending trade processing prior to processing by the STAR accounting engine. If you use pending trade processing, the system can assign this value to incoming transactions that meet pending trade rule detail criteria. Or an incoming transaction can include this value. This field is hidden. Options include Y and N. |
Pending Trade Status | 3720 | Specifies the trade's transaction status for pending trade processing prior to processing by the STAR accounting engine. If you use pending trade processing, the system can assign a value of Pending to incoming transactions that meet pending trade rule detail criteria. Or an incoming transaction can include a value of Pending or a custom pending transaction status value defined in the PEND_TRD_STATUS code category. The default status is Pending if no status is provided. This field is hidden. |