Manage Rights/Warrants

In the Rights/Warrants panel, you can manually add and change a right or warrant. A right is a privilege allowing existing shareholders to buy shares of an issue of common stock shortly before it is offered to the public, at a specified (usually discounted) price in proportion to the number of shares already owned. A warrant is a certificate, usually issued along with a bond or preferred stock, entitling the holder to buy a specific amount of securities at a specific price, usually above the current market price at the time of issuance, for an extended period. In the case that the price of the security rises to above that of the warrant's exercise price, the investor can buy the security at the warrant's exercise price and resell it for a profit. Otherwise, the warrant will expire or remain unused. Warrants are listed on options exchanges and trade independently of the securities with which they are issued.

Content on this page:

This article assumes you are familiar with the entity elections that have been made for processing rights/warrants.

Add Rights/Warrants

To manually add a right/warrant:

  1. From any Eagle window, click the Eagle Navigator button to access the Eagle Navigator.
  2. Enter Issue Viewer in the Start Search text box.
  3. Click the Issue Viewer link to access the tool.
    You see the Issue Viewer tool.
  4. Click Add.
  5. Click Equities and Equities/Rights/Warrants.
    You see the Equities/Rights/Warrants panel.
  6. Complete the options on the Rights/Warrants panel.
    The following fields are required to set up a right or warrant: Issue Name, Primary Asset ID Type, Primary Asset ID, Processing Security Type, Issue Country Code, Asset Currency, Settlement Currency, Income Currency, Expiration Date, and Right/Warrant Type.
  7. Click Submit.

Change Rights/Warrants

Some fields are locked when there is an existing position on the security. This is because a change would impact the existing position. These fields include Asset Currency, Investment Type, Processing Security Type, Quantity Type, Price Multiplier, and Quantity Scale. Other fields are locked so they cannot be changed. See the About Locked Security Master Record Fields page for more information.

If you need to change a security master record, Eagle recommends canceling the security, making changes to the security master record, and rebooking the security.

To manually change a right/warrant:

  1. From any Eagle window, click the Eagle Navigator button to access the Eagle Navigator.
  2. Enter Issue Viewer in the Start Search text box.
  3. Click the Issue Viewer link to access the tool.
    You see the Issue Viewer tool.
  4. Enter the query parameters and click Search.
    You see a list of security records that meet your selection criteria in the Query Result window.
  5. Select the security record you want to update and click Change/Right/Warrant. Or double click the security record.
    You see the Change Right/Warrant panel.
  6. Change the options on the Change Right/Warrant panel.
  7. Click Submit.

Rights/Warrants Panel Options

The following are the options in the Rights/Warrants panel. Note options may vary according to your selections. 

Option

Tag

Description

SRM Status Flag



Release Status

614

Displays the release status of the Security Reference Manager (SRM) record. This field is null when you are adding a new security.

Validation Process Flag

4569

Flags records that have been reviewed in the Security Reference Manager (SRM).

Authorize Flag

11742

Flags records that have been authorized.

Right/Warrant Identification



Issue Name

961

Specifies the name of the security.

Issue Description

962

Describes the security.

Ticker

13

Specifies the system of letters used to uniquely identify a security.

CUSIP/SEDOL Check Digit Control Flag

2292

Indicates whether you want to generate or validate CUSIP and SEDOL numbers. Options include:
Generate Check Digit. Generates the remaining numbers if you enter part of the CUSIP or SEDOL number.
Validate Check Digit. Validates the CUSIP and SEDOL number you enter is correct.

Primary Asset ID Type

1432

Specifies the primary asset identifier type for the security, such as CUSIP, ISIN, and SEDOL.

Primary Asset ID

14

Specifies the primary asset identifier for the security.

Alt Asset ID Type

5501

Specifies an alternate asset identifier type for the security.

Alt Asset ID

1795

Specifies the alternate asset identifier for the security.

Right/Warrant Xreference Identification



CUSIP

1952

Specifies the Committee of Uniform Security Identification Procedure (CUSIP), a unique identification number that identifies the security issue.

ISIN

1955

Specifies the International Security Identification (ISIN), a unique international identification number that identifies the security issue.

Sedol

1958

Specifies the Stock Exchange Daily Official List (SEDOL) number, a unique identification number that identifies the security issue.

Reuters

1961

Specifies the Reuters identification number that identifies the security issue.

Bloomberg ID

1964

Specifies the Bloomberg identification number that identifies the security issue.

SICOVM

1967

Specifies the SICOVM identification number that identifies the security issue.

Valoren

1970

Specifies the Valoren identification number that identifies the security issue.

CEDEL

1973

Specifies the Centrale de Livraison de Valuers Mobilieres (CEDEL) identification number that identifies the security issue.

INTERNAL

1976

Specifies the internal identification number that identifies the security issue.

CINS

1979

Specifies the CINS identification number that identifies a foreign security issue. The CINS numbering system is an extension of the CUSIP numbering system.

Xref Exchange

1981

Specifies the exchange where the security is traded.

Right/Warrant Details



Investment Type

11

Displays the type of investment you are adding. For example EQ (equity).

Processing Security Type

3931

Specifies the code that the system uses to identify the type of security you are adding. Option includes:

  • EQRTXX. Right.
  • EQWRXX. Warrant.

Security Type

82

Specifies the security type.

Sub Security Type

1464

Specifies the sub security type.

Granularity Category

11476

Specifies the asset's classification for ledger granularity purposes. If the security attributes available for ledger granularity account breakouts (security type, long/short indicator, Federal tax indicator, market sector description, affiliated/unaffiliated, and issue country) do not provide enough detail, you can use a granularity category to classify the asset for ledger reporting. Code values are maintained under the GRANULARITY_CAT code category.

Cost Basis Rule Type

2817

Specifies the cost basis rule type for cost basis reporting.

Quantity Type

12

Specifies the quantity generally accepted as a standard for exchange, such as shares and par.

Price Multiplier

18

Determines what the system uses for a price.

Quantity Scale

19

Calculates the ratio of units bought to units used for earnings. The default is 1, so that 1 unit of par purchased equals one unit of earnings. You should not change this value once a position exists.

Country of Risk

2288

Specifies the issuer of the security's principal place of business.

Country of Risk Code

10536

Specifies the code of the issuer of the security's principal place of business.

Issue Country

2290

Specifies the name of the country that issued the security.

Issue Country Code

1418

Specifies the identification number that represents the country that issued the security.

Asset Currency

85

Specifies the currency in which the security is priced.

Settlement Currency

63

Specifies the currency in which the security is settled.

Income Currency

1186

Specifies the currency in which the security pays income.

Issue Tax Type

668

Identifies the security's tax structure. It is used with global tax withholding and tax reclaim processing.
NOTE: Do not select All when setting up the tax structure for a security using this panel.

Primary Exchange

2291

Specifies the marketplace in which the security is traded.

Primary Exchange Code

17

Specifies the code of the marketplace in which the security is traded.

Region

5423

Specifies a region. It does not necessarily mean the location of the exchange in which a security is traded. For example, suppose you have a Canadian bond that trades in the London Stock Exchange. You may want to set the region to Canada or North America.

Expiration Date

38

Specifies the date on which the security matures.

Right/Warrant Type

1142

Specifies whether the security is European or American.

SIC Code

1789

Specifies the Standard Industry Classification (SIC), a code used to categorize and uniquely identify business activities.

Right Warrant Flags



Restricted Flag

1139

Indicates any trade restrictions on the security. Options include:

  • 144A. An SEC rule modifying a two year holding period requirement on privately placed securities to permit qualified institutional buyers to trade the positions among themselves.
  • Reg S. Various SEC rules relating to offers and sales made outside the U.S. without SEC Registration.
  • Reg D. An SEC regulation governing private placement exemptions. This rule allows some companies to raise capital through the sale of equity or debt securities without having to register the securities with the SEC.
  • Private Placement. The raising of capital using private rather than public placement. The result is the sale of securities to a relatively small number of investors.
  • 4(2) Paper
  • Other
  • None
  • Yes

144A Eligible Indicator

1301

Indicates whether the security is 144A eligible. Options include:

  • Yes
  • No

This field applies to debt instruments and is used for reference only.

Look Thru Value

1808

Specifies the underlying security.

Look Thru Ind

1776

Used to view exposure to the underlying security, index, or portfolio.

SVO Category

5856

Specifies the Securities Valuation Office category for the security.

Inactive Flag

11043

Indicates whether the security is inactive. Options include:

  • Yes. The system reports the security as inactive.
  • No. The system reports the security as active.

NOTE: If this field is set to Yes, no trades are allowed.

Convertible Information



Underlying Security ID

1348

Specifies the identifier of the security in which a convertible bond is converted.

Underlying Issue Name

1141

Specifies the name of the security in which a convertible bond is converted.

Underlying Ticker

1349

Specifies the ticker of the underlying security.

Underlying Type

916

Specifies the underlying security type.

Exercise Price

67

Specifies the contracted price at which the purchaser of the security can purchase an underlying security.

Conversion Ratio

215

Specifies the number of shares of the underlying security the owner of the parent security receives based on converting 1000 units of the parent security.

Issuer Information



Issue Name

2285

Specifies the name of the issuer.

Issuer ID

1413

Specifies the identifier of the company or municipality that offered the security for sale.

Country of Incorporation Code

1174

Specifies the ISO country code in which the issuer of the security was incorporated.

Issuer Industry

1417

Specifies the issuer industry.

Legal Entity Identifier (LEI)

5089

Displays the Legal Entity Identifier (LEI) that identifies the issuer as a financial party. If an LEI value is present, the Legal Entity Identifier Details section appears.

Legal Entity Identifier Details



Legal Name

5090

Displays the legal name of the issuer as the financial party registered with the LEI.

Entity Status

5091

Displays the status of the issuer. For example, ACTIVE and INACTIVE.

Legal Form

5092

Displays the legal form of the issuer as financial party registered with the LEI. For example, CORPORATION.

Assigned Date

5093

Displays the date when the issuer's LEI was assigned.

Last Update Date

5094

Displays the date when the issuer's LEI information was last updated.

Disabled Date

5095

Displays the date when the issuer's LEI information was disabled.

Record State

5096

Displays the record state for the issuer's LEI. The record state indicates the current process status of the CFTC Interim Compliant Identifier (CICI) record. For example, UNDER_REVIEW, DUPLICATE, CONFLICTING_SOURCES, INADEQUATE_SOURCES, VALIDATED, PENDING_REMOVAL.

Certification State

5097

Displays the certification state used to register the issuer's LEI. For example, CERTIFIED, NOT_CERTIFIED, STALE.

Street

5098

Displays the street address used to register the issuer's LEI.

City

5099

Displays the city used to register the issuer's LEI.

State

5100

Displays the state code used to register the issuer's LEI.

Zip

5180

Displays the ZIP code used to register the issuer's LEI.

Country Code

5181

Displays the country code used to register the issuer's LEI.