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If you are changing period close rules, you can select this unlabeled check box in the header row to select all rows in the Show All tab for changing. Otherwise, you can select one or more check boxes to the left of each row to select that row or rows for changing. If you are listing period close rules, this column is not available.

Message Type

5523

Specifies the transaction message type to which the period close rule applies. Values include MTADJUST, MTOPEN, MTCLOSE, and MTLINK. 

Event Type 

5524

Specifies the event type associated with the transaction message type for an event to which the period close rule applies. An event type specifies the business intent of the transaction. 

Include Exclude Ind

1883

Indicates whether the system can apply an accounting date based on Trade Date + 1 Business Day (T + 1) for the corresponding Message Type/Event Type processing activity for eligible entities. The system applies T + 1 accounting dates to transactions only for entities that specify an accounting period rule of Trade Date + 1 Business Day and have a Message Type/Event Type included, or set to Yes . Options include:

• Yes. Assign an accounting date based on T + 1 when processing activity for this Message Type/Event Type for eligible entities. 

• No. Do not assign an accounting date based on T + 1 when processing activity for this Message Type/Event Type for eligible entities. Instead, assign an accounting date based on effective date (Trade Date).

MTADJUST

DECRBASIS

Decreases the current cost of a lot.

MTADJUST

DECRFEE

Decreases specific types of book value fees, which also adjusts book cost. Applies to cost positions in entities where the Book Value Breakdown Flag is equal to Yes. 

MTADJUST

DECROPEN

Decreases the current cost of a lot.

MTADJUST

EMAADJUST

If you use the Equity Method of Accounting (EMA), this event is used for income adjustment, cost adjustment, distribution, and EMA/COST activation. The Reason Code identifies the purpose of the transaction. Open lots on the position are adjusted on a pro-rata basis, along with a new Open lot adjustment.

MTADJUST

INCBASIS

Increases the current cost of a lot.

MTADJUST

INCRFEE

Increases specific types of book value fees, which also adjusts book cost. Applies to cost positions in entities where the Book Value Breakdown Flag is equal to Yes. 

MTADJUST

INCROPEN

Increases the current cost of a lot.

MTADJUST

LPCALL

A limited partnership event that targets an LPOPEN and adjusts the cost. Used for private equity. 

MTADJUST

LPCAP

A limited partnership event that targets an LPOPEN and adjusts the cost for income, expenses, and gains and losses. Used for private equity. 

MTADJUST

NONCREDIT_ADJ

Adjusts the noncredit loss associated with impairments by lot.

MTADJUST

WRITEDOWN

Decreases the current cost of a lot, and posts to the ledger and offsets the cost adjustment to either gain/loss or amortization. If the entity uses the average cost method, the adjustment is done at the position level instead of at the lot level for ID cost entities.

MTCLOSE

BUYCVR

Closes a short position. Can be used to close equities, options, caps, floors, rights, warrants, and all debt.

MTCLOSE

BUYVARMAR

Closes a short position. This event is used to close options on futures with variation margin.

MTCLOSE

CALLASNST

Closes a short call option position at cost and closes the underlying long if the settlement method is PHYSICAL or opens the underlying short if the settlement method is PHYSHORT.

MTCLOSE

CALLEXRST

Closes a long call option position at cost and opens the underlying long if the settlement method is PHYSICAL or closes the underlying short if the settlement method is PHYSHORT.

MTCLOSE

CLOSEFUTURE

Closes a long or short position and creates a cash record only if there are fees and the fees are expensed. This event is used to close futures without variation margin.

MTCLOSE

CLOSESWAP

Closes interest rate, total rate or return, currency, and inflation linked swap contracts. Also closes lock securities. The contract is always closed long, the legs are closed long and short.

MTCLOSE

COLLCLS

(No longer in use). Process of a close of repo collateral. 

MTCLOSE

CURRENCY_EXER_ASN

Used to physically exercise or assign a currency option only. It closes a long currency option and opens a spot contract for the currencies involved by creating a cash disbursement for the currency sold and a cash receipt for the currency purchased.

MTCLOSE

DEL

Used to close lots/positions down at cost.

MTCLOSE

EMACLOSE

Closes equity positions with a processing security type of Joint Venture/Limited Liability/Partnership (JVLCLP) or Common Stock (EQCSCS) when you use the Equity Method of Accounting (EMA).

MTCLOSE

FNDSPLTMRG

Transfers either a full position, partial position, or lot from one entity to another.

MTCLOSE

PUTASNST

Closes a short put option position at cost and opens the underlying long if the settlement method is PHYSICAL or closes the underlying short if the settlement method is PHYSHORT.

MTCLOSE

PUTEXRST

Closes a long put option position at cost and closes the underlying long if the settlement method is PHYSICAL or opens the underlying short if the settlement method is PHYSHORT.

MTCLOSE

ROLLOVER

Rolls over lots created with a DEPOSIT event into a new security with new terms.

MTCLOSE

SELL

Closes a long position. Can be used to close equities, options, caps, floors, rights, warrants, and all debt.

MTCLOSE

SELLFUT

Closes a long position. This event is used to close futures with variation margin.

MTCLOSE

SELLVARMAR

Closes a long position. This event is used to close options on futures with variation margin.

MTCLOSE

TBACLOSE

Used to close TBA lots/positions as a result of an allocation, pair-off, turn-around, and so on. A cash record is created if the entity election, Create TBA Cashflow flag, is Y. If it is N, a cash record is created for the net cash movement at the time of the close.

MTLINK

JNLCVR

Nets a long and short position to one net long or short position. The MTLINK event creates an MTCLOSE JNLCVR LONG loopback which then spawns an MTCLOSE JNLCVR SHORT event.

MTLINK

SPOT

Used to create a currency contract which usually settles in just a few days from trade date. No cost is recorded. The MTLINK event generates two MTCASH SPOT events, one being a disbursement for the currency sold and the other a receipt for the currency purchased.

MTLINK

TRADEFWD

Used to create a currency contract which usually settles on some future date. No cash record is created at the time of the trade but rather when either the contract is closed or when it matures. The MTLINK event generates either an MTCLOSE TRADEFWD LONG or MTOPEN TRADEFWD SHORT event for the non-settle leg first depending on the close eligible flag (tag 3924) and whether or not the currency being sold is the non-settle leg. If tag 3924 is N and the currency being sold is the non-settle leg, an MTOPEN TRADEFWD SHORT event is created. The non-settle event then generates the settle leg loopback event.

MTOPEN

BUY

Opens a long position. Can be used to open equities, options, caps, floors, rights, warrants, and all debt.

MTOPEN

BUYFUT

Opens a long position. A cash record is created at the time of a close or when margin is approved. This event is used to open futures with variation margin.

MTOPEN

BUYVARMAR

Opens a long position. A cash record is created at the time of a close or when margin is approved. This event is used to open options on futures with variation margin.

MTOPEN

CALLASNST

Closes a long call option position that is technically short and closes the underlying long. The settlement method must be PHYSICAL, the underlying must be a held security with sufficient quantity.

MTOPEN

CALLEXERFT

Created by MTCLOSE/CALLEXRST. This event is spawned by the business rules for the physical exercise of a futures call option only if the underlying investment type is FT. There is no panel supporting this event. It creates a long open.

MTOPEN

CDSOPEN

Opens a long position. It is used to open credit default swap contracts.

MTOPEN

CPB

Lots with unknown cost basis are opened with the MTOPEN REC event. The CPB event closes the unknown lot either fully or partially and opens a lot with the cost basis provided on the event. Normally used for brokerage.

MTOPEN

DEPOSIT

Opens a long position. Generally used for short term interest at maturity securities. A bank certificate of deposit is a time deposit product.

MTOPEN

EMAOPEN

Opens equity positions with a processing security type of Joint Venture/Limited Liability/Partnership (JVLCLP) and Common Stock (EQCSCS) when you use the Equity Method of Accounting (EMA).

MTOPEN

FNDSPLTMRG

The MTOPEN/FNDSPLTMRG event is spawned from the MTCLOSE/FNDSPLTMRG event. These events transfer either a full position, partial position, or lot from one entity to another. 

MTOPEN

LPOPEN

Opens a long limited partnership position. Used for private equity. 

MTOPEN

OPENFUTURE

Opens a long or short position and creates a cash record only if there are fees and the fees are expensed. This event is used to book futures without variation margin.

MTOPEN

OPENSWAP

Opens interest rate, total rate or return, currency, and inflation linked swap contracts. Also opens lock securities. The contract is always opened long, the legs are opened long and short.

MTOPEN

PUTASNST

Closes a long put option position that is technically short and opens the underlying long. The settlement method must be PHYSICAL.

MTOPEN

REC

Opens a long or short position. REC events can be opened with an unknown cost basis that can be adjusted later with the CPB event. This event is very similar to the CONVERSION event.

MTOPEN

SELLFUT

Opens a short position. A cash record is created at the time of a close or when margin is approved. This event is used to open futures with variation margin.

MTOPEN

SELLVARMAR

Opens a short position. A cash record is created at the time of a close or when margin is approved. This event is used to open options on futures with variation margin.

MTOPEN

SHORTSELL

Opens a short position. Can be used to open equities, rights, warrants, and all debt.

MTOPEN

TBAOPEN

Opens a long or short to be announced (TBA) position. A cash record is created if the entity election, Create TBA Cashflow flag, is Y. If it is N, a cash record is created for the net cash movement at the time of the close.

MTOPEN

WRITE

Opens a short position. Can be used to open options, caps, and floors.