You can use the Capitalization/Cash Entry/FInal Close panel to process cash distributions, capitalization, or close out a position for in a private equity fund. The following are the key options in the Capitalization/Cash Entry/FInal Close 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, LPCAP for a Capitalization transaction, LPCASH for a Cash transaction, or LPCLOSE for a Close transaction. |
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. |
Capitalization/ Cash/ Close 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 holding for the entity/security. |
Shares | 40 | Displays the traded quantity of the security. |
Local Values | ||
Local Cash Amount | 50 | For a Cash or Close transaction, specifies the local amount for the cash distribution associated with the private equity fund. For a Capitalization transaction, displays the local cash amount. A positive value creates a receipt, while a negative value creates a disbursement. |
Settlement Currency | 63 | For a Cash or Close transaction, specifies the currency in which the cash settles. For a Capitalization transaction, displays the settlement currency. |
Settlement Cash Amount | 64 | If you enter a Cash or Close Transactiona with a Settlement Currency that differs from the Asset Currency, the field unlocks and you can specify a value. A positive value creates a receipt, while a negative value creates a disbursemen If you enter a Capitalization transaction, displays the actual settled cash amount. The default value is 0.00. |
Income Amount Local | 11076 | Displays the local actual income amount of the trade. The value must be greater than zero. If you enter a Settlement Currency that differs from the Asset Currency, the field unlocks and you can specify a value. The system subtracts this value from the Local Cash Amount value for gain/loss calculation. |
Income Account Number | 1825 | Specifies the ledger account number where the system posts the income for the Income Amount Local value. This field appears if you enter an Income Amount Local value greater than zero. Defaults to the value, 4003000450 (LP INCOME). |
Expense Amount Local | 11078 | Displays the local actual expense amount of the trade. The value must be greater than zero. If you enter a Settlement Currency that differs from the Asset Currency, the field unlocks and you can specify a value. The system adds this value to the Local Cash Amount value for gain/loss calculation. |
Expense Account Number | 1826 | Specifies the ledger account number where the system posts the expense for the Expense Amount Local value. This field appears if you enter an Expense Amount Local value greater than zero. Defaults to the value, 5004000450 (LP EXPENSE). |
Cost Local | 128 | Specifies the local cost amount. This value affects the cost of the private equity position, with a positive value increasing the cost and a negative value decreasing the cost. For Cash transactions, specifies the local cost amount. the system adds this value to the Local Cash Amount for gain/loss calculation. To keep cost in sync with your cash, set this as the inverse of Local Cash Amount. If Local Cash Amount Local = 2 million, then Cost Local = -2 million. This is the inverse of what happens in a capital call, where a cash disbursement causes your cost to go up. For Capitalization transactions, displays the local cost amount. The value defaults to Income Amount Local - Expense Amount Local + Gain/Loss Amount Local. For Close transactions, displays the local cost amount. The value defaults to the inverse of the current outstanding cost (or amortized cost, if available). The system adds it to the Local Cash Amount for gain/loss calculation. |
Recallable Capital Local | 18390 | If you enter a Cash transaction, specifies the local recallable amount of the cash distribution. This amount decreases the Funded Capital (tag 18386) and increases the Unfunded Commitment (tag 18388). For non-recallable cash distributions, leave the value as zero. |
Impairment Ltd Local | 2700 | Specifies the impairment/credit loss life-to-date amount in local currency. WRITERS NOTE: under what conditions does this field appear? I saw it once. |
Current Position Cost Local | 7350 | CLOSE WRITERS NOTE: under what conditions does this field appear? I saw it once. |
Current Position Amortized Cost Local | 2689 | CLOSE WRITERS NOTE: under what conditions does this field appear? I saw it once. |
Gain/Loss Amount Local | 171 | For a Capitalization transaction, specifies the local gain/loss amount for the trade. For a Cash or Close transaction, the system displays this value, and calculates it as: Cash Amount Local - Income Amount Local + Expense Amount Local + Cost Local This can be a positive or negative value. The system posts this value to Gain Loss Sec ID L (tag 171). |
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. |
Base Values | ||
Base Cost Amount | 478 | Displays the base amount of the trade. This amount is calculated based on the following formula: Local Net Amount / Local to Base FX Rate. The value must be greater than zero. |
Income Amount Base | 11077 | Specifies the base actual income amount of the trade. |
Expense Amount Base | 11079 | Displays the base actual expense amount of the trade. |
Cost Base | 129 | Specifies the base cost amount of the trade. This value affects the cost of the private equity position, with a positive value increasing the cost and a negative value decreasing the cost. |
Recallable Capital Base | 18391 | If you enter a Cash transaction, specifies the base recallable amount of the cash distribution. For non-recallable cash distributions, leave the value as zero. |
Impairment Ltd Base | 2701 | WRITERS NOTE: under what conditions does this field appear? I saw it once. |
Current Position Cost Base | 7430 | CLOSE WRITERS NOTE: under what conditions does this field appear? I saw it once. |
Current Position Amortized Cost Base | 2690 | CLOSE WRITERS NOTE: under what conditions does this field appear? I saw it once. |
Gain/Loss Amount Base | 175 | Displays the base gain/loss amount for the trade. |
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. For example, COMMITMENT ADJUST. This field uses the PECALLTYPE Code Category. |
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. |
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. |
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