Run an Interest Rate Swap Transfer for a Position
In the Run Interest Rate Swap Transfer panel, you can manually transfer a position and/or lots for a single interest rate swap security from one entity to another entity. To transfer an interest rate swap, you use the Market transfer method, which transfers the position at current market price. The system transfers quantity and cost. It does not transfer cash. You can update the clearing broker on the position you transfer to the new entity.Â
To transfer an interest rate swap security to another entity manually:
In Accounting Center, in the left navigation pane, click Transactions > Transfers > Manual Interportfolio Transfer > Run Interest Rate Swap Transfer.
You see the Run Interest Rate Swap Transfer panel.Complete the contract, pay leg, and receive leg options in the Run Interest Rate Swap Transfer panel.
Once you identify the position, the multi row pane at the bottom of the panel opens. The panel refreshes when you click the contract, pay leg, or receive leg rows in the multi row pane.Click Submit.
You have transferred a single interest rate swap security from one entity to another entity.
Run Interest Rate Swap Transfer Panel Options
The following are the options in the Run Interest Rate Swap 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. |
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 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 |
Transfer Method | 1872 | Determines the method used to value the position for the recipient entity. Only the Market method is available in the Run Interest Rate Swap Transfer panel. 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 | Displays 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. |
Primary Asset ID | 14 | Specifies the primary asset identifier. |
Trade - Swap Type | 4590 | Indicates if the asset is a pay leg, receive leg, or contract. |
Issue Name | 961 | Displays the name of the security. |
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 | Displays the currency in which the security is priced. |
Maturity Date | 38 | Displays the date the final principal payment is due on the security. |
Position Notional Principal Value | 122 | Displays the position's notional principal value. |
Notional Principal Value | 40 | Specifies the notional principal value 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 notional principal value 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. |
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:
|
Clearing Broker | 1236 | Specifies the name of the clearing broker if different from the trade broker. |
Clearing Broker Code | 1237 | Specifies the code for the clearing broker. |
Other Information | Â | Â |
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. The default value is 10. |
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. |
Â