Run an Interportfolio Transfer for a Position

Specifies the trade ticket identification number for the origin entity. If you enter a value, the system uses that value on the From event.

Otherwise, if you leave this value NULL, the system uses the trade ticket identification number from the original position/lot detail for the From transactions. For manual non-taxable transfers (at amortized or original cost), the system does not pass the Trade Ticket Number value on the From transactions. For manual taxable transfers (at market price) , the system does not pass the Trade Ticket Number value on the From transactions.

Specifies the trade ticket identification number for the recipient entity. If you enter a value, the system uses that value on the To event.

Otherwise, if you leave this value NULL, the system uses the trade ticket identification number from the original position/lot detail for the To transactions. For manual non-taxable transfers (at amortized or original cost), the system passes the Trade Ticket Number value on the To transactions. For manual taxable transfers (at market price), the system does not pass the Trade Ticket Number value on the To transactions.

• Gift. Transfers gifted lots to another entity, updating eligible securities received as a gift with the with the fair market value as it was on the date of the gift and determining the appropriate gain/loss and gain/loss term. If you select this value, the system sets the Transfer Method field to a value of Original Cost and requires you to supply a value for the Ownership Transfer Date field.
• Inheritance. Transfers inherited lots to another entity, marking the lots as inherited so that the subsequent disposition of the lots is treated with the correct gain/loss term. If you select this value, the system sets the Transfer Method field to a value of Market, and requires you to supply a value for the Ownership Transfer Date field and the Fair Market Value Flag field.

• Market. Default. Transfers the position at current market price. Gain/loss is taken in the From account. The field displays this value if you set the Acquisition Type field to a value of Inheritance.
• Amortized Cost. Transfers the position and values it using a price method at amortized cost where the system prices the short term debt instruments using the amortized cost of the securities.
• Original Cost. Transfers the position at original cost. The field displays this value if you set the Acquisition Type field to a value of Gift.
• Market (Retain Lot Structure). Transfers the position at current market price. Gain/loss is taken in the From account. This transfer method is similar to the Market method, but ensures you have as many lots in the To account as you had in the From account. The system maintains the same lot structure in cases where the receiving fund has multiple accounting bases and the transfer occurs at cost in one basis and at market price in another. Maintaining the same lot structure allows subsequent identified lot closes (IDLOT) to process correctly.
• Amortized Cost with Original Cost History. Transfers the current amortized cost along with the original acquisition costs, original acquisition unit costs, and original purchase price.
• Regulatory Reclass. Transfers financial assets as part of a regulatory class (REGR). A regulatory reclass occurs when you use Eagle Accounting to convert financial assets from an old (IAS 39) IFRS regulatory category to a new (IFRS 9) IFRS regulatory category of Amortized Cost, Fair Value - Other Comprehensive Income, or Fair Value Profit Loss. For example, you move assets from Available for Sale to Amortized Cost.
• Post-Reclass Transfer. Transfers financial assets as part of a post reclass transfer (REGT). A post reclass transfer occurs when you move financial assets from one new IFRS regulatory category (Amortized Cost, Fair Value - Other Comprehensive Income, Fair Value Profit Loss) to another new IFRS regulatory category. You can perform a post reclass transfer if you need to move positions for a security from one new regulatory category to another. You can also perform a post reclass transfer if you assigned a new regulatory category to an entity/accounting basis and your entity's business model changes. For example, you move assets from Amortized Cost to Fair Value Profit Loss.

• Quantity. Default. Defines the transfer amount as a quantity.
• Quantity Ratio. Defines the transfer amount as a percentage.

• Ratio Across Lots. The lots are selected and sold based on a proportionate allocation.
• First In First Out (FIFO). Lots acquired first are sold first. The oldest lot is sold first based on the holding date. If you set the accounting basis Cost Basis Covered Indicator field (tag 2818) to Y, unknown cost lots are relieved first. The oldest cost lot is sold first based on the holding date.
• Last In First Out (LIFO). Lots acquired last are sold first. The most recent lot is sold first based on the holding date. If multiple lots share the same holding date, the lot with the greatest event sequence is relieved first. The event sequence, set internally by the system, indicates the processing order of transactions within the same position.
• High Amortized Cost or High Cost (HCLOT). The lots with the highest current cost are sold first. The system uses current unit cost, which includes amortization for debt securities. This method relieves the lots that can generate the maximum loss or the minimal gain.
• Low Amortized Cost or Low Cost (LCLOT). The lots with the lowest current cost are sold first. The system uses current unit cost, which includes amortization for debt securities. This method relieves the lots that can generate the minimal loss or the maximum gain.
• High Original Cost (HORIG). The lots with the highest original cost are sold first. The system uses the original unit base cost of the open lots. It relieves the lots that can generate the maximum loss or the minimal gain.
• Low Original Cost (LORIG). The lots with the lowest original cost are sold first. The system uses the original unit base cost of the open lots. It relieves the lots that can generate the minimal loss or the maximum gain.
• Identified Lot (IDLOT). The specified lot or lots are sold first, which determines cost and tax implications. You can optimize this option to specific tax situations by selecting the specific lots to be sold. If you select this method, the lower pane in the close trade window displays lot details for each available lot, as determined by the entity's controlling basis. If no controlling basis exists, it displays lots for the primary basis. You must specify the quantity for one or more lots that you want to relieve. The total quantity you specify for the open lots must match the quantity entered for the total close. The close trade relieves the selected lots in each of the entity's accounting bases, and keeps the lot structures in sync. The system uses the lot's Orig Event ID field (tag 457) to match a single open lot in one basis to corresponding multiple open lots in another basis, as needed. This can occur for lots fractured as a result of wash sale processing.
• Best Tax. The lots are selected and sold with the objective of taking losses first (short term then long term) and gains last (long term then short term). Lots are sold in the following order:
  1. Short term Losses. Lots that reflect a short term loss are sold first, beginning with lots that generate the greatest short term loss down to the least short term loss.
  2. Long term Losses. Lots that reflect a long term loss are sold, beginning with lots that generate the greatest long term loss down to the least long term loss.
  3. Short term No Gains or Losses. Short term lots that reflect no gain or loss.
  4. Long term No Gains or Losses. Long term lots that reflect no gain or loss.
  5. Long Term Gains. Lots that reflect a long term gain, beginning with lots that generate the least long term gain up to the greatest long term gain.
  6. Short Term Gains. Lots that reflect a short term gain, beginning with lots that generate the least short term gain up to the greatest short term gain.
• Tax Advantage(TXADV). The lots with the lowest tax liability are sold first to minimize tax liability.
• Versus Purchases (VSP). The lots are selected and sold based on lot purchase characteristics, such as the target purchase date and the target purchase price. This option must be specified at the trade level.
• Tax Efficiency. The lots with the lowest tax liability are sold first to minimize tax liability. The system calculates the tax liability based on the manipulation of entity level tax factors for long and short term gains, long and short term losses, and currency gains. The system also incorporates the wash sale disallowance effect and considers the overall tax implications of closing each individual lot.

• Yes. Any noncredit loss associated with partial interportfolio transfers is reversed prorata.
• No. Default. Any noncredit loss associated with partial interportfolio transfers is reversed entirely.