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You can use the Capitalization/Cash Entry/Final Close panel to process cash distributions, capitalization, or close out a position for in a private equity fund. The following are the key options in the Capitalization/Cash Entry/Final Close panel. Note options may vary according to your selections.

Option

Tag

Description

Entity Information

Entity ID

1163

Specifies the unique identifier of the entity.

Entity Name

1164

Specifies the name of the entity.

Base Currency

86

Displays the base currency of the entity.

Issue Information

Effective 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

Specifies the date the trade is settled.

Event Type

55

Displays the business intent of the transaction. For example, LPCAP for a Capitalization transaction, LPCASH for a Cash transaction, or LPCLOSE for a Close transaction.

Long/Short Indicator

15

Displays an L (long) or S (short) to indicate whether the position is long or short.

Cross Reference Type

1234

Specifies the cross reference type associated with the security.

Issue Name

961

Specifies the name of the security.

Ticker

13

Specifies the trade ticker of the security.

Cross Reference ID

1233

Specifies the cross reference identifier associated with the security.

Instrument Type

11

Displays the instrument type. For example, EQ.

Security Type

82

Displays the security type of the asset.

Issue Currency

85

Displays the local currency of the security.

Capitalization/ Cash/ Close Information

Transaction Name

1728

Identifies the name of the transaction. Options include:

  • Capitalization. Allows you to process capitalization for a private equity fund to recognize income and/or expenses.

  • Cash. Allows you to process a cash distribution for a private equity fund and break out the distribution between income, expense, and cost.

  • Close. Allows you to close out a position in a private equity fund.

Select Lot

962

Identifies the lot you want to update. The lookup displays the holding established for the entity/security during the initial funding. The lookup displays the Target Event ID (Trade Date). A private equity position has a single lot.

Commitment Amount

41

Displays the total commitment amount.

Shares

40

Displays the traded quantity of the security.

Local Values

Local Cash Amount

50

For Capitalization transactions, displays the local cash amount.

For Cash or Close transactions, specifies the local amount for the cash distribution associated with the private equity fund. A positive value creates a receipt, while a negative value creates a disbursement.

Settlement Currency

63

For Capitalization transactions, displays the Issue Currency value as the settlement currency.

For Cash or Close transactions, specifies the currency in which the cash settles. The issue currency appears by default but you can select any valid currency.

Settlement Cash Amount

64

For Capitalization transactions, displays the actual settled cash amount. The default value is 0.00.

For Cash or Close Transactions with a Settlement Currency that differs from the Asset Currency, the field unlocks and you can specify a value. A positive value creates a receipt, while a negative value creates a disbursement.

Income Amount Local

11076

Specifies the local actual income amount of the trade. The system subtracts this value from the Local Cash Amount value for gain/loss calculation. You can enter a positive or negative value.

Income Account Number

1825

Specifies the ledger account number where the system posts the income for the Income Amount Local value. This field appears if you enter an Income Amount Local value. This field uses the PEINCOME code category. Options include:

  • 4003000450 (LP INCOME). Default value.

Expense Amount Local

11078

Specifies the local actual expense amount of the trade. The system adds this value to the Local Cash Amount value for gain/loss calculation. You can enter a positive or negative value.

Expense Account Number

1826

Specifies the ledger account number where the system posts the expense for the Expense Amount Local value. This field appears if you enter an Expense Amount Local value. This field uses the PEEXPENSE code category. Options include:

  • 5004000450 (LP EXPENSE). Default value.

Cost Local

128

For Capitalization transactions, displays the local cost amount. The value defaults to Income Amount Local - Expense Amount Local + Gain/Loss Amount Local.

For Cash transactions, specifies the local cost amount. The system adds this value to the Local Cash Amount for gain/loss calculation. This value affects the cost of the private equity position, with a positive value increasing the cost and a negative value decreasing the cost. To keep cost in sync with your cash, set this as the inverse of Local Cash Amount. If Local Cash Amount Local = 2 million, then Cost Local = -2 million. This is the inverse of what happens in a capital call, where a cash disbursement causes your cost to go up.

For Close transactions, displays the local cost amount. The value defaults to the inverse of the current outstanding cost (or amortized cost, if available). The system adds it to the Local Cash Amount for gain/loss calculation.

Recallable Capital Local

18390

For Cash transactions, specifies the local recallable amount of the cash distribution. You can enter a positive or negative value. This amount decreases the Funded Capital (tag 18386) and increases the Unfunded Commitment (tag 18388). For non-recallable cash distributions, leave the value as zero.

Current Position Cost Local

7350

For Close transactions, displays the current local cost of the position you are closing.

Current Position Amortized Cost Local

2689

For Close transactions, displays the current local amortized cost of the position you are closing.

Gain/Loss Amount Local

171

For Capitalization transactions, specifies the local gain/loss amount for the trade. This can be a positive or negative value. The system posts this value to Gain Loss Sec ID L (tag 171).

For Cash or Close transactions, the system displays the local gain/loss value, and calculates it as: Cash Amount Local - Income Amount Local + Expense Amount Local + Cost Local.

Local to Base FX Rate

87

Specifies the foreign exchange rate used to calculate the net base amount. The value must be greater than zero.

Base Values

Base Cost Amount

478

Displays the base amount of the trade. This amount is calculated based on the following formula: Local Net Amount / Local to Base FX Rate.

Income Amount Base

11077

Displays the base actual income amount of the trade.

Expense Amount Base

11079

Displays the base actual expense amount of the trade.

Cost Base

129

Displays the base cost amount of the trade. This value affects the cost of the private equity position, with a positive value increasing the cost and a negative value decreasing the cost.

Recallable Capital Base

18391

For Cash transactions, displays the base recallable amount of the cash distribution. For non-recallable cash distributions, the value is zero.

Current Position Cost Base

7430

For Close transactions, displays the current base cost of the position you are closing.

Current Position Amortized Cost Base

2690

For Close transactions, displays the current base amortized cost of the position you are closing.

Gain/Loss Amount Base

175

Displays the base gain/loss amount for the trade.

Other Information

Auto Settle Trade Indicator

58

Indicates whether the system settles the trade automatically. If the entity's Auto Settle Indicator field is set to Yes, as specified on the Create/Edit Entity or Create Master Fund panels, the system creates a settlement when the trade is processed. There is no trade to settle date gain/loss. This applies even if the settlement date is in the future. Eagle recommends that you set the Auto Settle Indicator field to No for the entity and trade panels. Options include:

  • Yes. The system automatically settles the trade. The system retrieves the settle date FX rate if the local currency does not equal base and generates a trade to settle date gain/loss.

  • No. Default. The system does not automatically settle the trade. You must schedule the settlement for these transactions using the Run Contract Cash global panel. Or, manually settle the transactions using the Run Multiple Settlements panel. If you use cash segregation based on actual cash settlements, you can schedule settlements using the Run Cash Auto Match panel and create settlements manually using Cash Matching. 

Settle Instructions 1

1897

Allows you to add settlement notes.

Settle Instructions 2

1898

 Allows you to add settlement notes.

Settle Instructions 3 

1899

Allows you to add settlement notes.

Settle Instructions 4

1900

Allows you to add settlement notes.

Settle Location

43

Specifies the location in which the trade is settled.

Transaction Notes

56

Specifies user defined information about the trade. This field uses the PECASHTYPE Code Category. Options include:

  • BLOCKER EXPENSE. Blocker Expense (Fee).

  • CASH DISTRIBUTION. Cash Distribution.

  • CLOSE. Close. Default value for Close transaction.

  • INCOME/EXPENSE. Income or Expense.

  • LATE INTEREST. Late Interest (Fee).

  • LEGAL. Legal (Fee).

  • OTHER FEES. Other Fees (Fee).

  • RECALLABLE CAPITAL. Recallable Capital.

  • TAX. Tax (Fee).

  • TEMP RETURN OF CAP. Temporary Return of Capital.

Original Trade Ticket Number

761

Specifies the trade ticket identification number. The system uses it during processing. For example, IDLOT close or cancel events use this number to locate an open lot.

Batch Identifier

701

For Capitalization and Cash transactions, specifies the batch identifier. Hidden for Close transactions. The system uses the Trade Ticket Number to set this value for the purpose of batch cancelling trades.

Pending Trade Flag

3695

Specifies whether the trade is eligible for pending trade processing prior to processing by the STAR accounting engine. If you use pending trade processing, the system can assign this value to incoming transactions that meet pending trade rule detail criteria. Or an incoming transaction can include this value. This field is hidden. Options include Y and N.

Pending Trade Status

3720

Specifies the trade's transaction status for pending trade processing prior to processing by the STAR accounting engine. If you use pending trade processing, the system can assign a value of Pending to incoming transactions that meet pending trade rule detail criteria. Or an incoming transaction can include a value of Pending or a custom pending transaction status value defined in the PEND_TRD_STATUS code category. The default status is Pending if no status is provided. This field is hidden.

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