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Manage Future Contracts

Manage Future Contracts

Owned by Tom Fahey (Unlicensed)
Last updated: Oct 03, 2016 by Former user (Deleted)

In the Future Contract panel, you can manually add and change a future contract. A future contract is a standardized, transferable, exchange-traded contract that requires delivery of a commodity, bond, currency, or stock index, at a specified price, on a specified future date.

This article assumes you are familiar with the entity elections that have been made for processing future contracts.

Add Future Contracts

To manually add a future contract:

Content on this page:

  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 Derivatives/Future Contract.
    You see the Future Contract panel.
    NOTE:  If you are adding a London Metal Exchange (LME) future contract, you can also select the LME Future Contract option. See the Manage LME Futures Contracts page for more information.
  6. Complete the options on the Future Contract panel.
    The following fields are required to set up a future contract: Issue Name, Primary Asset ID Type, Primary Asset ID, Issue Country Code, Asset Currency, Settlement Currency, Income Currency, Primary Exchange Code, Expiration Date, Variation Margin, and Variation Margin Rule.
  7. Click Submit.

Change Future Contracts

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 future contract:

  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/Future Contract. Or double click the security record.
    You see the Change Future Contract panel.
  6. Change the options on the Change Future Contract panel.
  7. Click Submit.

Future Contract Panel Options

The following are the options in the Future Contract panel. Note options may vary according to your selections.

Option

Tag

Description

SRM Status Flags



Release Status

614

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

Authorize Flag

11742

Flags records that have been authorized.

Validation Process Flag

4569

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

Future 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 the security.

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.

Future Xreference Identification



CUSIP

1952

Specifies the Committee of Uniform Security Identification Procedure (CUSIP) that identifies the security issue.

ISIN

1955

Specifies the International Security Identification (ISIN) number that identifies the security issue.

Sedol

1958

Specifies the Stock Exchange Daily Official List (SEDOL) 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.

Future Details



Investment Type

11

Specifies the investment type. For example, FT, for future contracts.

Processing Security Type

3931

Displays the code value that the system uses to determine the type of security you are adding. For example, FTXXXX, for future contracts.

Security Type

82

Specifies the type of security.

Sub Security Type

1464

Specifies the sub security type.

Risk Classification Type

11584

Specifies the risk classification type for the security. This value allows funds to disclose the primary type of underlying risk within derivatives contracts and hedging activity, such as interest rate risk, credit risk, and so on. The FAS 161 report uses this information. You can select any value defined for the RISK_TYPE code category.

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. You should not change this value once a position exists.

Contract Size

19

Specifies the contract size.

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 code that represents the country that issued the security.

Asset Currency

85

Specifies the currency in which the security is priced. You should not change this value once a position exists.

Settlement Currency

63

Specifies the currency in which the security is settled.

Income Currency

1186

Specifies the currency in which the security pays income.

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. It is also used with global tax withholding and tax reclaim processing.
If you enter a value of LME, Eagle processes the future as a London Metal Exchange (LME) contract. The Variation Margin field displays a value of No, the Variation Margin Rule field displays a value of Standard Life to Date Future, the Prompt Date field replaces the Expiration Date field, and the Last Trade Date field appears. See the Manage LME Futures Contracts section for more information.

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 the future contract matures.

Prompt Date

2302

Specifies the prompt date, or cash settlement date, for an LME future contract. This field appears if you set the Primary Exchange Code field (tag 17) to LME.

Last Trade Date

5076

Specifies the last date that the security is eligible for trading. This field appears if you set the Primary Exchange Code field (tag 17) to LME.

Point Size

8501

Specifies the value of one point for statutory investment schedules for insurance companies. The point size represents the monetary value of a one (1) point move in a futures position published by the exchange.

Future 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

Create Synthetic Cash Security

2300

Indicates whether to seed a synthetic cash security. Options include:

  • Yes
  • No

Look Thru Value

1808

Specifies the underlying security.

Look Thru Ind

1776

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

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.

Variation Margin Information



Variation Margin

4533

Determines whether a daily margin is posted on the security. Options include:

  • Yes. Calculate a daily variation margin and allow margin to settle into cash. After you select a value, the system requires you to specify a value for the Variation Margin Rule field.
  • No. Do not calculate a daily variation margin. After you select a value, The system requires you to specify a value for the Variation Margin Rule field. The field displays a value of No if you set the Primary Exchange Code field (tag 17) to LME.

Variation Margin Rule

2289

Specifies the variation margin rule. The system uses this field to calculate notional cost, market value, unrealized gain/loss, and realized gain/loss for futures with and without variation margin. Options include:

  • Standard Life to Date Future. Supports futures that are based on standard life to date. Rounding occurs at the total position level. The field displays this value if you set the Primary Exchange Code field (tag 17) to LME.
  • Australian Government 10 Year Bond Future. Supports futures that are based on Australian 10 year bonds.
  • Australian Government 3 Year Bond Future. Supports futures that are based on Australian 3 year bonds.
  • Australian Government 90 Day Bank Bill. Supports futures that are based on Australian 90 day bank bills. The yield of the 90 day bank bill is input into the following formula to derive the contract's value: Value = (1,000,000 * 365)/(365 + (yield * 90/100)).
  • U.S. Treasury. Supports futures that are based on U.S. Treasury securities. Rounding occurs at the individual contract level.

Payment Frequency

472

Displays a payment frequency that reflects the current standard of Semi-Annual for Australian 10 year bonds and Australian 3 year bonds. If the standard changes, you can edit the field value. This field appears if you set the Variation Margin Rule field (tag 2289) to a value of Australian Government 10 Year Bond Future or Australian Government 3 Year Bond Future.

Underlying Coupon Rate

4349

Displays a coupon rate that reflects the current standard of 6.0 for Australian 10 year bonds and Australian 3 year bonds. If the standard changes, you can edit the field value. This field appears if you set the Variation Margin Rule field (tag 2289) to Australian Government 10 Year Bond Future or Australian Government 3 Year Bond Future.

Issuer Information



Issuer ID Name

2285

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

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 of the country in which the issuer of the security was incorporated.

Issuer Industry

1417

Specifies the industry of the issuer.

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.