{"type":"doc","content":[{"type":"heading","attrs":{"level":1},"content":[{"text":"Overview","type":"text"}]},{"type":"paragraph","content":[{"text":"Eagle Accounting has the capability to provide Amortization Yield, Trade Yield, and OID Yield at the time of a trade. This document outlines how to generate a Market Yield calculation, using market value instead of cost to calculate Yield.","type":"text"}]},{"type":"heading","attrs":{"level":1},"content":[{"text":"Reference Data","type":"text"}]},{"type":"paragraph","content":[{"text":"A security must be setup with all relevant reference data and owned by a fund in order to calculate its Market Yield. This can be accomplished via ","type":"text"},{"text":"Issue Viewer","type":"text","marks":[{"type":"strong"}]},{"text":" or ","type":"text"},{"text":"Reference Data Center","type":"text","marks":[{"type":"strong"}]},{"text":" (RDC).","type":"text"}]},{"type":"heading","attrs":{"level":1},"content":[{"text":"Calculation","type":"text"}]},{"type":"paragraph","content":[{"text":"Once the security is held by an entity, the message below can be submitted via ","type":"text"},{"text":"Batch Uploader","type":"text","marks":[{"type":"strong"}]},{"text":" with some slight modification.","type":"text"}]},{"type":"paragraph","marks":[{"type":"indentation","attrs":{"level":1}}],"content":[{"text":"tagsysmsgtype:MTQUERY:tagsyssubmsgtype:Q_CALC_YIELD:5:Entity_ID:10:Sec_Alias:21:Accounting_Basis:37::68::473::474::38::42::40::45::49::50::55:Q_CALC_YIELD:95:1:1451:2:3715:CUM:3931::5533:1:9403:TEC-FE:curfilename:/tpe/dynamic/dat/eagle/star/trade/pan-fixedopen.htm:groupname:BUSINESSUSERGROUP:showresult:YES:lookupid:75:","type":"text","marks":[{"type":"code"}]}]},{"type":"paragraph","content":[{"text":"Replace the placeholder values for the following tags:","type":"text"}]},{"type":"bulletList","content":[{"type":"listItem","content":[{"type":"paragraph","content":[{"text":"5 (Entity_ID)","type":"text"}]}]},{"type":"listItem","content":[{"type":"paragraph","content":[{"text":"10 (Sec_Alias)","type":"text"}]}]},{"type":"listItem","content":[{"type":"paragraph","content":[{"text":"21 (Accounting_Basis)","type":"text"}]}]},{"type":"listItem","content":[{"type":"paragraph","content":[{"text":"37 (Settlement_Date)","type":"text"}]}]},{"type":"listItem","content":[{"type":"paragraph","content":[{"text":"68 (Issue_Date)","type":"text"}]}]},{"type":"listItem","content":[{"type":"paragraph","content":[{"text":"473 (First_Coupon_Date)","type":"text"}]}]},{"type":"listItem","content":[{"type":"paragraph","content":[{"text":"474 (Last_Coupon_Date)","type":"text"}]}]},{"type":"listItem","content":[{"type":"paragraph","content":[{"text":"38 (Maturity_Date)","type":"text"}]}]},{"type":"listItem","content":[{"type":"paragraph","content":[{"text":"42 (Maturity_Price)","type":"text"}]}]},{"type":"listItem","content":[{"type":"paragraph","content":[{"text":"40 (Units): set to par value","type":"text"}]}]},{"type":"listItem","content":[{"type":"paragraph","content":[{"text":"45 (Unit_Price): set to current market price","type":"text"}]},{"type":"bulletList","content":[{"type":"listItem","content":[{"type":"paragraph","content":[{"text":"By default, the event uses original price","type":"text"}]}]}]}]},{"type":"listItem","content":[{"type":"paragraph","content":[{"text":"49 (Traded_Interest): can be 0 because it is calculated on-the-fly","type":"text"}]}]},{"type":"listItem","content":[{"type":"paragraph","content":[{"text":"50 (Net_Amount): set to current market value","type":"text"}]},{"type":"bulletList","content":[{"type":"listItem","content":[{"type":"paragraph","content":[{"text":"By default, the event cost","type":"text"}]}]}]}]}]},{"type":"paragraph","content":[{"text":"Once the message has been submitted, navigate to the ","type":"text"},{"text":"Rows","type":"text","marks":[{"type":"strong"}]},{"text":" menu > ","type":"text"},{"text":"Row Information","type":"text","marks":[{"type":"strong"}]},{"text":" to view results. Trade Yield now represents Market Yield because original price and cost were replaced with market price and market value.","type":"text"}]},{"type":"heading","attrs":{"level":1},"content":[{"text":"Validation","type":"text"}]},{"type":"paragraph","content":[{"text":"Expected results for $1,000,000 par, 6% semiannual coupon are provided below.","type":"text"}]},{"type":"bulletList","content":[{"type":"listItem","content":[{"type":"paragraph","content":[{"text":"Unit Price = 100, Net Amount = 1,000,000","type":"text"}]},{"type":"bulletList","content":[{"type":"listItem","content":[{"type":"paragraph","content":[{"text":"Market (Trade) Yield = 5.999","type":"text"}]}]}]}]},{"type":"listItem","content":[{"type":"paragraph","content":[{"text":"Unit Price = 105, Net Amount = 1,050,000","type":"text"}]},{"type":"bulletList","content":[{"type":"listItem","content":[{"type":"paragraph","content":[{"text":"Market (Trade) Yield = 5.400","type":"text"}]}]}]}]},{"type":"listItem","content":[{"type":"paragraph","content":[{"text":"Unit Price = 95, Net Amount = 950,000","type":"text"}]},{"type":"bulletList","content":[{"type":"listItem","content":[{"type":"paragraph","content":[{"text":"Market (Trade) Yield = 6.636","type":"text"}]}]}]}]}]}],"version":1}

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