Open Total Return Swap Panel Options

The following are options in the Open Total Return Swap panel. You can use this panel to book open trades for total return swaps. Note options may vary according to your selections.

Option	Tag	Description

Option	Tag	Description
Entity Information
Entity ID	1163	Specifies the unique identifier of the entity.
Entity Name	1164	Specifies the name of the entity.
Accounting Basis	21	Specifies the accounting basis.
Base Currency	86	Displays the base currency of the entity.
Issue Information
Trade 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	Specifies the business intent of the transaction.
Long/Short Indicator	2284	Indicates whether the total return swap position is long or short. Options include: LONG. Default. Indicates the swap contract is long. SHORT. Indicates the swap contract is short.
Long/Short Indicator	15	Displays a value of LONG or SHORT for the swap contract and each leg. When the Long/Short Indicator field (tag 2284) in the upper pane has a value of Long, the Long/Short Indicator (tag 15) in the lower pane identifies the swap contract as Long, the pay leg as Short, and the receive leg as Long. If you set the Long/Short Indicator field (tag 2284) in the upper pane to Short, the Long/Short Indicator (tag 15) in the lower pane identifies the swap contract as Short, the pay leg as Long, and the receive leg as Short.
Primary Asset ID	14	Specifies the primary asset identifier.
Swap Type	4590	Indicates if the asset is a contract, pay leg, or receive leg.
Issue Name	961	Specifies the name of the security.
Cross Reference ID	1233	Specifies the cross reference identifier associated with the security.
Instrument Type	11	Displays the instrument type.
Security Type	82	Displays the security type of the asset.
Issue Currency	85	Specifies the local currency of the security.
Maturity Date	38	Specifies the date on which the security matures.
Coupon Rate	70	Displays the rate at which the security accrues interest. It is expressed as an annual rate.
Processing Security Type	3931	Displays the processing security type.
Notional Reset Type	4409	Displays the notional reset type based on the value you specified at the security level. The following values can appear: C (Constant Notional). Identifies the total return swap as constant or fixed notional swap. Resets do not change the notional amount on the finance leg, and the finance leg accrues on the original notional for the life of the swap. The system does not adjust notional cost, but tracks adjusted shares in order to correctly calculate unrealized and future resets. R (Recalc Notional). Identifies a total return swap where resets do change the notional amount on the finance leg. CF (Constant Notional - Forward). Indicates that the swap is a forward starting total return swap, and identifies the total return swap as constant or fixed notional swap. Resets do not change the notional amount on the finance leg, and the finance leg accrues on the original notional for the life of the swap. The system does not adjust notional cost, but tracks adjusted shares in order to correctly calculate unrealized and future resets. RF (Recalc Notional - Forward). Indicates that the swap is a forward starting total return swap, and identifies a total return swap where resets do change the notional amount on the finance leg.
Clearing Broker	1236	Specifies the name of the clearing broker, if different from the trade broker. When you book a trade for an entity that uses derivative segregation, you must specify the trade's clearing broker where available. If you use derivative segregation with cash segregation, the lookup shows clearing brokers associated with bank account relationships that have a relationship type of Entity & Clearing Broker Relationship.
Clearing Broker Code	1237	Specifies the code for the clearing broker.
Accounting Information
Accrual Method	1184	Displays the accrual method that the system uses to post interest accruals and dividends for the swap. For example, Income/Expense or Unrealized.
Notional / Units	3399	Indicates whether you want to define a notional value or units for an open total return swap trade. You can select a value if you are booking a forward starting total return swap. Options include: Enter Units Enter Notional
Pay/Receive Flag	10485	Indicates whether the swap fee is being paid or received.
Notional	7782	Specifies the notional amount for the forward starting total return swap. The system assigns the notional amount to the units of the Equity and Finance leg. This field applies to constant notional opens.
Shares	40	Specifies the equity leg units for the forward starting total return swap. When you define a value, the system assigns the equity units to the Finance leg. This field applies to recalc notional opens.
Price	45	Specifies the price for the total return swap. You can define a price of zero for forward starting open trades.
Swap Fee Local	7510	Displays the swap fee.
Commission	47	Specifies the commission paid to the broker to execute the trade.
Other Fee	3752	Specifies any additional fees.
Settlement 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: Yes. The system automatically settles the trade, coupon, and miscellaneous income and expenses. The system retrieves the settle date FX rate if the local currency does not equal base and generates a trade to settle date gain/loss. No. Default. The system does not automatically settle the trade, coupon, and miscellaneous income and expenses. You must schedule the settlement for these transactions using the Run Contract Cash global panel. Or, manually settle the transactions using the Run Multiple Settlements panel. If you use cash segregation based on actual cash settlements, you can schedule settlements using the Run Cash Auto Match panel and create settlements manually using Cash Matching.
Broker Name	1235	Specifies the name of the primary broker.
Broker Code	88	Specifies the code that represents the broker.
Custodian Bank Name	1146	Specifies the name of the custodian bank responsible for the trade. If the trade applies to an entity where you use derivative segregation and cash segregation, the custodian fields do not appear. NOTE: You must establish a relationship between the custodian bank and your entity prior to booking the trade.
Custodian Bank Code	1240	Specifies the code of the custodian bank.
Custody Bank Account Number	1660	Specifies the custodian bank primary account number.
Custody Bank Subaccount	1661	Specifies the custodian bank subaccount number.
Bank Alias	16	Displays the bank account relationship instance number.
Cash Account Name	11696	Specifies the name of the cash account for the custodian. If you use cash segregation, you hold the cash for the trade in this account for the custody basis. The system displays a cash account name based on the cash account relationships that apply to the transaction, but you can override it. It selects the cash account relationship for the transaction based on the transaction's cash account type, currency, and long/short indicator. The lookup displays valid cash account relationships that apply to the transaction.
Cash Account Number	11697	Specifies the account number of the cash account for the custodian. If you use cash segregation, you hold the cash for the trade in this account for the custody basis. The system displays a cash account number based on the cash account relationships that apply to the transaction, but you can override it. It selects the cash account relationship for the transaction based on the transaction's cash account type, currency, and long/short indicator. The lookup displays valid cash account relationships that apply to the transaction.
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.
Other Information
Derivative Elections	56	Specifies the type of derivative. Options include: Trade Hedging Effective Hedging Other Income Generation Replication Other
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.
Manager	3718	Identifies the manager.
Strategy	3722	Specifies the trade investment strategy identifier.
Counterparty Name	1173	Specifies the counterparty name.
Counterparty ID	1144	Specifies the counterparty identifier.
Holding Term	9091	Specifies the holding term for the trade based on the number of days between the original acquisition date (tag 216) and the maturity date (tag 35) on the lot. If you use ledger reporting based on ledger granularity rules to break out accounts by holding term, the system uses this value to identify the holding term for trades related to bonds and preferred stocks. Eagle Accounting's core transaction processing calculates the holding term for you, but you can manually override the value displayed in this field. Eagle Insurance clients that use ledger granularity rules have the system calculate the holding term based on the schedule associated with a lot. Options include: Short Term. Identifies a short term holding. If the Holding Term Method field (tag 11479) in the trade's accounting basis has a value of 90 days, a short term holding term is 91 days to a year. If the Holding Term Method field has a value of 3 months, a short term holding term is 3 full months to a year. Cash Equivalent. Identifies a cash equivalent holding. If the Holding Term Method field (tag 11479) in the trade's accounting basis has a value of 90 days, a cash equivalent holding term is 90 days or less. If the Holding Term Method field has a value of 3 months, a cash equivalent holding term is 3 full months or less.
Regulatory Intent	8915	If you now hold the trade in an entity/accounting basis with the new International Financial Reporting Standards (IFRS) regulatory category of Fair Value Profit Loss (FVPL) but previously held the trade in an entity/accounting basis with the old regulatory category of Fair Value Option (FVO) or Held for Trading (HFT), you can identify the old regulatory category specified for the trade at the entity/accounting basis level. You can specify a value for reporting purposes only. Options include: Fair Value Option. Indicates the trade was previously held in a regulatory category of Fair Value Option, used for instruments managed on a fair value basis. Held for Trading. Indicates the trade was previously held in a regulatory category of Held for Trading, used for instruments held with the intent of selling them.
User Defined Priority	2862	Specifies the user generated number that determines the event sub priority. That is, after the system accounts for the event sequence and corporate action sequence.