Create Unit Separations/Unit Splits Panel Options

In the Create Unit Separations/Unit Splits panel, when you create a corporate action announcement for a unit separation, you can select various options based on the requirements of your business. Note options may vary according to your selections.

Option	Tag	Description

Option	Tag	Description
Lookup Security Information
Client Specific CA ID	1695	Specifies the client specific identifier for the corporate action.
Source Name	1102	Specifies the source name for the corporate action. The default value is Eagle PACE.
Original Source Name	4003	Specifies the original source name for the security.
From Asset ID Type	1432	Specifies the primary asset identifier type for the From security, such as CUSIP, ISIN, and SEDOL.
From Asset ID	14	Specifies the primary asset identifier of the From security.
From Issue Name	961	Specifies the name of the From security.
Maturity Date	38	Displays the maturity date of the From security.
From Issue Currency	3962	Displays the local currency of the From security.
From Pre Action Price	1264	Specifies the pre action price for the From security. This price is used in the Fair Market Value report. Typically, this price is the close price or last traded price.
From Post Action Price	369	Specifies the post action price for the From security. This price is used in the Fair Market Value report. Typically, the post action price is the open or first traded price of the existing security, and this value is used in the cost allocation percentage calculation.
Accounting Details
Trans Type	1257	This hidden field displays the transaction type that the system uses to process the transaction. For example, NONTAXMERGP.
Sweep Date	1197	Specifies the date that the global processes use to extract the corporate action for processing at the global level and apply it to eligible entities/holdings.
Ex Date	65	Specifies the ex-date of the corporate action. The ex-date is the entitlement date of the corporate action. Ex-date is equal to the Trade Date of the corporate action.
Record Date	1694	Specifies the record date of the corporate action.
Announcement Date	1260	Specifies the announcement date of the corporate action.
Pay Date	1275	Specifies the pay date of the corporate action. The pay date is the settlement date of the corporate action.
Treatment of Fractional Shares	3965	Specifies how the system treats fractional shares for the corporate action. A fractional share is less than a single share of stock. Options include: Round Down. The system rounds the fractional share entitlement down to zero decimals. No fractional shares are created. Post Fractional Shares. The system posts the fractional share entitlement, calculating the amount to two decimal places. Round Up. The system rounds the fractional share entitlement up to the next whole number. No fractional shares are created. European. The system calculates the fractional share entitlement as follows: 1. Divides the position by the divisor, 2. Drops the decimals on the number that is calculated, 3. Multiplies the whole number by the multiplier. Round to Nearest Whole Share. The system rounds the fractional shares to the nearest number of whole shares. If the calculated entitlement is greater than or equal to 0.50, the system rounds the fractional shares up to the next whole share. If the calculated entitlement is less than or equal to 0.49, the system drops the fractional shares. If you select this option, you see the Rounding Point field.
Rounding Point.	8028	Identifies the rounding point used if you round fractional shares to the nearest number of whole shares
Corporate Action Sub Priority	3961	Determines the order in which to process the corporate action when multiple corporate actions have the same Effective Date. Corporate action priority is from low to high; that is, an event with a corporate action priority of 1 is processed prior to an event with a corporate action priority of 10. The default value is 1.
Corporate Action Status	54	Indicates if the corporate action is correct and ready for processing. Options include: Incomplete. The record is not confirmed to be correct, or is not confirmed. Pending. The record is fully populated and is awaiting release status. Released. The record is complete and is ready for processing. Completed. The record was processed through a global process.
Mandatory/Voluntary Indicator	1734	Indicates whether the corporate action is mandatory or voluntary. Options include: Mandatory. The corporate action is required by the issuer and applies to all entities. Voluntary. The corporate action is at the decision of the holder of the securities, or the issuer requires the action but there are different accounting options available to the holder of the security.
Unit Separation / Unit Split Details
To Asset ID Type	1103	(tag). Specifies the primary asset identifier type for the To security, such as CUSIP, ISIN, and SEDOL. For a unit separation, this is the underlying security for the selected leg to which the security separates.
To Asset ID	1348	Specifies the asset ID of the To security.
To Issue Name	1141	Specifies the name of the To security.
To Maturity Date	337	Specifies the maturity date of the To security.
To Issue Currency	3962	Displays the local currency of the To security.
To Post Action Price	319	Captures the open or first traded price of the new security for the selected leg. The value in this field is used in the cost allocation percentage calculation when multiple legs of a corporate action are present.
From Shares	1710	Specifies the number of shares to split/combine for the From security for the selected leg. This value is used to determine the To Ratio (Shares) value.
To Shares	1723	Specifies the number of shares to split/combine for the underlying To security for the corresponding From Shares for the selected leg. This value is used to determine the To Ratio (Shares) value.
To Ratio (Shares)	1001	Specifies the ratio used to split or combine the From security to the To security for the selected leg. This ratio determines the number of shares that result from one unit of the From security. The system calculates the ratio based on the value of the From Shares and To Shares entered, but you can change it.
Corporate Action Type	1728	Identifies the business name of the corporate action. Options include Unit Separation.
Corporate Action Notes	1740	Specifies user-defined information about the corporate action.