In the Create Contract Cash Rule Details panel, you can add security details and contractual settlement details for a contract cash rule. You can associate one or more rule details with a contract cash rule.
You create contractual settlement details for each processing security type (PST) you want to settle, and can have different settlement elections for different processing security types under the same rule. For example, you may want to settle all income from short-term securities (PST of DBIBST), but may not want to settle all income from mortgage-backed securities (PST of DBFBFB). At a minimum, you create details for each processing security type in your fund. You can also define details specific to a single security.
To create contract cash rule details:
Do one of the following:
- In Portfolio Data Center, in the left navigation pane, click Portfolio Desk > Accounting Portfolio Rules > Contract Cash Rules > Create Contract Cash Rule Details.
- In Accounting Center, in the left navigation pane, click Setup > Portfolio Rules > Contract Cash Rules > Create Contract Cash Rule Details.
You see the Create Contract Cash Rule Details panel.Under Rule Information, select the contract cash rule for which you are creating details in the Contract Cash Rule Name field.
Under Security Details, identify the security-level options used to identify transactions eligible for processing contract cash with this rule.
At a minimum, you must specify a processing security type (PST).Under Contractual Settlement Details, specify the remaining options used to identify transaction eligible for processing contract cash with this rule.
If you want to define multiple rule criteria, use the pane at the bottom of the panel, as follows:
– Right-click the grid at the bottom of the panel and select Add Rows.
– Enter the number of rows you want to add on the Enter Rows Count dialog box and click OK. You need to add a row for each additional rule criteria you want to add.
– Complete the options on each row you added.Click Submit.
You can also edit, delete, and list established contract cash rule details.
Create Contract Cash Rule Details Panel Options
In the Contract Cash Rule Details panel, you can add details for a contract cash rule. The options may vary according to your selections.
Option | Tag | Description |
|---|---|---|
Rule Information | ||
Contract Cash Rule Name | 11833 | Identifies the name of the contract cash rule established in the Create Contract Cash Rule panel. |
Security Information | ||
Asset ID Type | 1432 | If you want to create a security-specific rule, specifies the asset identifier type for the security. |
Asset ID | 364 | If you want to create a security-specific rule, specifies the asset identifier for the security. |
Issue Name | 961 | If you want to create a security-specific rule, specifies the name of the security. |
Processing Security Type | 3931 | Specifies the processing security type for the assets to settle through contract cash. You must create contractual settlement details for each processing security type that you want to settle. |
Contractual Settlement Details | ||
Contractual Cash Settlement Type | 1304 | Identifies the type of cash to settle when processing cash settlements. The Contractual Cash Settlement Type election on the rule establishes the limit for the types of cash that can be settled during contract cash processing. For example, if you set Contractual Cash Settlement Type election to Trade Only, but set the Corporate Actions election to Trade and Income, the contract cash process does not settle any income derived from corporate actions. You can set up a Contract Cash rule that allows for both Income and Trade to contractually settle, and you can exclude currencies from settling contractually. However, within a single rule you cannot allow some to settle just Trade, just Income, or Both. For example, if you create a rule for a particular processing security type (PST) such as Common Stock (EQCSCS), you cannot allow some EQCSCS to settle just Trade, just Income, or Both. The EQCSCS rule applies to all EQCSCS transactions. Options include:
|
Currency Exclusion Rule Name | 17753 | Specifies the name of the currency exclusion rule to use for the selected detail row. If you do not want to exclude any currencies, select EXCLUDE_NONE. Otherwise, if you want to exclude one or more currencies, select a currency exclusion rule that you create. |
Reclaim Exclusion Switch | 2414 | Indicates whether to exclude dividend reclaims from contract cash. Options include:
|
Contractual Maturity Settlement | 1098 | Indicates whether to settle cash records generated by maturities in contract cash. This field appears unless you select a security or processing security type for which maturities do not apply, such as equities. Options include:
|
Corporate Actions | 8881 | Identifies the type of cash to settle for corporate action events. Options include:
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