Run an Interportfolio Transfer for a Position
In the Run an Interportfolio Transfer panel, you can manually transfer a position and/or lots for a single security from one entity to another entity. The system transfers quantity and cost. It does not transfer cash.
To transfer a security to another entity manually:
In Accounting Center, in the left navigation pane, click Transactions > Transfers > Manual Interportfolio Transfer > Run Interportfolio Transfer
You see the Run Interportfolio Transfer panel.Complete the options in the Run Interportfolio Transfer panel.
Click Submit.
You have transferred a single security from one entity to another entity.
Run Interportfolio Transfer Panel Options
The following are the options in the Run Interportfolio Transfer panel.
Option | Tag | Description |
---|---|---|
Origin Entity Information | Â | Â |
Entity Name | 1164 | Specifies the name of the origin entity, also called the From entity. |
Entity ID | 1163 | Specifies the unique identifier of the origin entity. |
Accounting Basis | 21 | Displays the controlling basis of the origin entity, if one exists. Otherwise, displays the primary accounting basis of the origin entity. |
Base Currency | 86 | Displays the base currency of the origin entity. |
Custodian Bank | 1146 | Specifies the name of the custodian bank for the origin entity. The field lookup allows you to select the custodians that have bank account relationships defined for the origin entity or for the composite associated with the origin entity. |
Broker Name | 1235 | Specifies the name of the primary broker for the origin entity. If you enter a value, the system uses that value on the From event. Otherwise, if you leave this value NULL, the system uses the Broker Name value from the original position/lot detail for the From transactions. |
Broker Code | 88 | Specifies the code that represents the broker for the origin entity. If you enter a value, the system uses that value on the From event. Otherwise, if you leave this value NULL, the system uses the Broker Code value from the original position/lot detail for the From transactions. |
Source Trade Ticket Number | 761 | Specifies the trade ticket identification number for the origin entity. If you enter a value, the system uses that value on the From event. Otherwise, if you leave this value NULL, the system uses the trade ticket identification number from the original position/lot detail for the From transactions. For manual non-taxable transfers (at amortized or original cost), the system does not pass the Trade Ticket Number value on the From transactions. For manual taxable transfers (at market price) , the system does not pass the Trade Ticket Number value on the From transactions. |
User Defined Float1 | 1890 | Specifies the user defined float 1 value for the origin entity. If you enter a positive numerical value, including 0.0, the system uses that value on the From event. Negative values are not allowed. Otherwise, if you leave this value NULL, the system uses the User Defined Float1 field value on the open lots that the system is closing on the From event. |
User Defined Float2 | 1891 | Specifies the user defined float 2 value for the origin entity. If you enter a positive numerical value, including 0.0, the system uses that value on the From event. Negative values are not allowed. Otherwise, if you leave this value NULL, the system uses the User Defined Float2 field value on the open lots that the system is closing on the From event. |
User Defined Float3 | 1892 | Specifies the user defined float 3 value for the origin entity. If you enter a positive numerical value, including 0.0, the system uses that value on the From event. Negative values are not allowed. Otherwise, if you leave this value NULL, the system uses the User Defined Float3 field value on the open lots that the system is closing on the From event. |
Recipient Entity Information | Â | Â |
Entity Name | 1084 | Specifies the name of the recipient entity, also called the To entity. The recipient entity must have the same number of accounting bases as the origin entity. |
Entity ID | 301 | Specifies the unique identifier of the recipient entity. |
Accounting Basis | 309 | Displays the controlling basis of the recipient entity, if one exists. Otherwise, displays the primary accounting basis of the recipient entity. The origin entity and the recipient entity must have the same number of accounting bases |
Base Currency | 320 | Displays the base currency of the recipient entity. |
To Custodian Bank | 9409 | Specifies the name of the custodian bank for the recipient entity. The field lookup allows you to select the custodians that have bank account relationships defined for the recipient entity or for the composite associated with the recipient entity. |
To Broker Name | 12882 | Specifies the name of the primary broker for the recipient entity. If you enter a value, the system uses that value on the To event. Otherwise, if you leave this value NULL, the system uses the Broker Name value from the original position/lot detail for the To transactions. |
To Broker Code | 12881 | Specifies the code that represents the broker for the recipient entity. If you enter a value, the system uses that value on the To event. Otherwise, if you leave this value NULL, the system uses the Broker Code value from the original position/lot detail for the To transactions. |
To Trade Ticket Number | 12883 | Specifies the trade ticket identification number for the recipient entity. If you enter a value, the system uses that value on the To event. Otherwise, if you leave this value NULL, the system uses the trade ticket identification number from the original position/lot detail for the To transactions. For manual non-taxable transfers (at amortized or original cost), the system passes the Trade Ticket Number value on the To transactions. For manual taxable transfers (at market price), the system does not pass the Trade Ticket Number value on the To transactions. |
To User Defined Float1 | 12884 | Specifies the user defined float 1 value for the recipient entity. If you enter a positive numerical value, including 0.0, the system uses that value on the To event. Negative values are not allowed. Otherwise, if you leave this value NULL, the system uses the User Defined Float1 field value from the original position/lot detail on the To transactions. |
To User Defined Float2 | 12885 | Specifies the user defined float 2 value for the recipient entity. If you enter a positive numerical value, including 0.0, the system uses that value on the To event. Negative values are not allowed. Otherwise, if you leave this value NULL, the system uses the User Defined Float2 field value from the original position/lot detail on the To transactions. |
To User Defined Float3 | 12886 | Specifies the user defined float 3 value for the recipient entity. If you enter a positive numerical value, including 0.0, the system uses that value on the To event. Negative values are not allowed. Otherwise, if you leave this value NULL, the system uses the User Defined Float3 field value from the original position/lot detail on the To transactions. |
Accounting Information | Â | Â |
Acquisition Type | 2425 | Identifies an inheritance or gift that you are transferring to another account. This is a brokerage election. Options include:
|
Transfer Method | 1872 | Determines the method used to value the position for the recipient entity. Options include:
|
Quantity/Ratio | 739 | Determines how to define the transfer amount. Options include:
|
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 | Display the business intent of the transaction. For example, FNDSPLTMRG. |
Long/Short Indicator | 15 | Indicates whether the position you are transferring is long or short. Options include Long or Short. |
Issue Name | 961 | Specifies the name of the security. |
Ticker | 13 | Specifies the system of letters used to uniquely identify a security. |
Xref Type | 1234 | Specifies the cross reference security type, such as SEDOL, CUSIP, and so on. |
Xref ID | 1233 | Specifies the cross reference security identifier. |
Ema Cost Flag | 16092 | Displays the accounting method for the accounting basis/security. Values include Equity Method (EMA) or the STAR method of accounting (STAR). |
Quantity Type | 12 | Displays the quantity generally accepted as a standard for exchange, such as shares, par, units, and contracts. |
Instrument Type | 11 | Displays the instrument type. |
Security Type | 82 | Displays the security type of the asset. |
Issue Currency | 85 | Specifies the currency in which the security is priced. |
Position Original Face | 109 | Displays the original quantity of the position. |
Position Quantity | 122 | Displays the current quantity of the position. |
Original Face | 41 | Specifies the original face value of the security. |
Current Factor | 91 | Specifies the paydown factor for the mortgage backed security. |
Quantity | 40 | Specifies the transfer quantity of the security. The value must be greater than zero. This field appears if you set the Quantity/Ratio field to a value of Quantity. |
Quantity Ratio | 61 | Specifies the transfer quantity ratio of the security as a percentage. This field appears if you set the Quantity/Ratio field to a value of Quantity Ratio. A value of 1.00 moves 100% of an asset. |
Price | 319 | Specifies the market price. For inheritances, identifies the market price on the date of death. |
Local to Origin Base FX Rate | 87 | Specifies the foreign exchange rate for the security's local currency to the origin entity's base currency. |
Local to Recipient Base FX Rate | 322 | Displays the foreign exchange rate for the security's local currency to the recipient entity's base currency. |
Lot Selection Method | 27 | Specifies the lot selection method the system uses to relieve (sell) lots of a security held by the entity. Options include:
|
Prorata Noncredit Loss Flag | 16157 | Indicates whether any noncredit loss associated with partial interportfolio transfers on taxable transactions is reversed prorata. This field appears only when you transfer partial quantity. Options include:
|
Gift/Inheritance Transfer Fields | Â | Â |
Ownership Transfer Date | 2426 | Specifies the date of death when you transfer inherited funds or specifies the gift date for gift transfers. |
Fair Market Value Flag | 2427 | Â Indicates whether to track fair market values. This field appears if you set the Acquisition Type field (tag 2425) to a value of Gift. Options include Yes or No. |
Fair Market Value Price | 2452 | Specifies the fair market for the gift. You can enter zero as a fair market value price. This field appears if you set the Fair Market Value Flag field (tag 2427) to a value of Yes. |
Fair Market Value Local | 2428 | Specifies the fair market value local. This field appears if you set the Fair Market Value Flag field (tag 2427) to a value of Yes. |
Fair Market Value Base | 2429 | Displays the fair market value base. This field appears if you set the Fair Market Value Flag field (tag 2427) to a value of Yes. |
Other Information | Â | Â |
Retro Indicator | 11018 | Indicates whether to trigger retrospective amortization in the receiving fund. This field appears only for transfers of debt securities excluding factor based securities. Options include Yes and No. |
Transaction Notes | 56 | Â Specifies user defined information about the transaction. |
Event Sub Priority | 3961 | Specifies the corporate action sub priority which determines how the actions are processed when there are multiple transfers in a single day. |
User Char1 | 1887 | Specifies one of three user defined fields. |
User Char2 | 1888 | Specifies one of three user defined fields. |
User Char3 | 1889 | Specifies one of three user defined fields. |
PACE Performance Fields | Â | Â |
Performance Price | 4598 | Specifies the price for use by Eagle's Performance solution. This field appears if you select a Transfer Method other than Market or Market (Retain Lot Structure). |
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