luEagle allows for entity exclusions on mandatory corporate actions. This allows for an entity to be excluded from a mandatory corporation all together, canceled after it has already been posted, or for processing to occur at a later date by cancelling the mandatory exclusion.
To add a mandatory corporate action exclusion:
- From the Reference Desk workspace, click Corporate Actions in the left navigation and then click Mandatory Exclusions>Add Mandatory Corporate Action Exclusion.
You see the Query Mandatory Corporate Action Announcement panel. - In the Query Voluntary Corporate Action Announcement section of the Entry panel, enter the criteria to select the released corporate action announcements for which you want to add mandatory corporate action elections.
- Specify a date range for corporate actions to include in the Mandatory Corporate Action Begin Date and Mandatory Corporate Action End Date fields. All other criteria are optional.
- Click Submit.
You see the results of your query in the Show All tab. - Select the row for the mandatory corporate action exclusion you want to add and then click the click the Add Entity Exclusion button on the toolbar.
You see the Action Entry Panel-Add Entity Exclusion which displays information for the selected corporate action, and allows you to provide details about the entity exclusion - In the Add Entity Exclusion section, identify the Entity ID and Entity Name.
- Complete the remaining options on the Action Entry Panel - Add Entity Exclusion panel.
The options you see vary based on the type of corporate action you select. - If multiple entities elect to participate in the voluntary corporate action, and you want to add multiple entity election details, use the pane at the bottom of the panel as follows:
- Click the lower pane.
- Right-click and select Add Rows.
- Enter the number of rows you want to add in the Enter Rows Count dialog box and click OK. You must add a row for each entity election to associate with the exclusion.
- Complete the options on each row with the entity election details to add. - Click Submit.
Mandatory Corporate Action Exclusion Panel Options
| Option | Tag | Description |
|---|---|---|
| Add Entity Exclusion | ||
| Position Switch | 1256 | Options include:
|
| Entity ID | 5 | Specifies the unique identifier of the entity participating in the mandatory corporate action exclusion. |
| Entity Name | 64 | Specifies the name of the entity participating in the mandatory corporate action exclusion. |
| Accounting Basis | 21 | Specifies the entity accounting basis. For example, USTAX, GAAP, or IFRS. |
| Position ID | 830 | Specifies the asset identifier to filter query results. |
| From Mandatory Corporate Action Details | ||
| Asset ID Type | 1422 | Specifies the asset identifier type. |
| Asset ID | 14 | The numbering or naming convention used to identify the security. |
| Issue Name | 961 | The Issuer's Name. |
| Corporate Action Type | 1728 | Identifies the business name of the corporate action. |
| CA Event Type | 1257 | Specifies the type of corporate action event. |
| Sweep Date | 1197 | Specifies the date that the global processes use to extract the corporate action for processing at the global level and apply it to eligible entities/holdings. |
| Ex Date | 65 | Specifies the ex-date of the corporate action. The ex-date is the entitlement date of the corporate action. Ex-date is equal to the Trade Date of the corporate action. |
| Trade Date | 1109 | Specifies the effective date of the trade. The trade date cannot be greater than the post date, accounting date, or settlement date. |
| To Mandatory Corporate Action Details | ||
| To Asset ID Type | 1103 | Specifies the To asset identifier type. |
| To Asset ID | 314 | The numbering or naming convention used to identify the To security. |
| To Issue Name | 1087 | The To Issuer's Name. |
| Mandatory Exclusion Notes | ||
| Mandatory Exclusion Notes | 1740 | Use this space to comment on any of the funds that have elected to opt out of a mandatory announcement. |
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