About Deriving Position Income Receivables
The S2P Direct processing derives various income receivable values to populate the POSITION tables in the HOLDING database, comparing records from the Cash object tables ESTAR_TRADED_CASH_ACTIVITY and ESTAR_SETTLED_CASH_ACTIVITY.
Position Income Receivable Computation
The following table lists the fields and qualifying criteria for the records used for the computations.
Position Income Receivable Computation | Â | Â |
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Event Type | Cash Category | Fields Used |
CASHDIV | Income | Dividend Receivable Local (Tag 9498) |
COUPON | Income | Coupon Receivable Local (tag 9500) |
RECLAIM | Income | Reclaim Receivable Local (Tag 9502) |
Other than CASHDIV, COUPON or RECLAIM | Income | Misc Income Receivable Local (Tag 10767) |
Additional Receivable Field Computations
The S2P Direct process stores cash receipt record values to Eagle PACE with the same values as used in Eagle Accounting. Values for disbursement records are multiplied by -1 to reverse the sign.
The following table lists the computation details of the additional receivable field values related to the income fields.
Additional Receivable Field Computations | Â | Â |
---|---|---|
Record | Field | Computation |
Cash Settlement | Income Breakage Under | Traded local amount – Settled local amount – Local amount defaulted. |
Cash Settlement | Principal Breakage Under | Local amount defaulted. |
Cash Settlement | Principal Breakage Over | Local amount defaulted + Local overpayment done. |
Cash Settlement | Receivable Local | Principal Breakage Over is multiplied by most recent Issue Currency to Dividend Payment Currency FX rate for entity's FX valuation source. |
Cash Settlement | Receivable Base | Receivable Local field value is marked to market using the market Issue Currency to Base Currency FX rate for entity's FX Valuation source, as compared with S2P Direct push date. |
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