Issue

Tradefwd (tradefwdcancel) transaction is used in 2 situations:

1. To open a forward
2. To close a forward prior to settlement date. 

The issue is cashdbo.cash_activity.performance_flow_descr  gets populated based on the trans_type with either a value of “positive”, “negative” or “no flow”.  Currently, for trans_type tradefwd (tradefwdcancel) . the  performance_flow_descr is  set to “POSITIVE” .  This is appropriate for situation #1 when a forward is opened.  However,  if the tradefwd is posted to close the forward, the performance_flow_descr should be “NEGATIVE”.

Solution

To identify or distinguish when a tradefwd (tradefwd cancel) is used to close a forward from when it is used to open, and then change the performance_flow_descr to “NEGATIVE”  value when it is used to close (situation #2).

The field that identifies this situation is tradesdbo.trade.record_type.  For transactions with a transaction type or code  tradefwd (tradefwdcancel), and  tradesdbo.trade.record_type  value of “180”  or “280, set cashdbo.performance_flow_descr  to “ NEGATIVE”.

This change affects cash activity records.  Performance Flow Desc Update exporter (Eagle Pace) seems to lend itself to this sort of logic.   In reviewing the procedure , it highlighted some other changes related to data logic, parameters, and when it should be run, that I will include here as well.

Request

Modify the Performance Flow Desc Update Exporter (PFD)   (Eagle Pace)

1. For transactions with tradesdbo.trade.record_type of 180 or 280 and transaction type of tradefwd or tradefwdcancel change the cashdbo.performance_flow_descr to “NEGATIVE”
   Below is a query that identifies records for reference.

   SELECT C.* , T.RECORD_TYPE
   FROM CASHDBO.CASH_ACTIVITY C, TRADESDBO.TRADE T 
   WHERE C.TRANS_TYPE IN ('TRADEFWD', 'TRADEFWDCANCEL')
   AND T.RECORD_TYPE IN ('180', '280')
   AND T.POSITION_ID = C.POSITION_ID
   AND T.SECURITY_ALIAS = C.SECURITY_ALIAS
   AND C.SRC_INTFC_INST = '14'

   Source: STARDIRECT
   Entities: Should impact both Mutual Fund and Institutional Accounts

2. Date Logic: The date logic in this exporter should mirror that logic recently updated in the Cash Performance exporter procedure (cpf_eagle_pace_exp_sp). Sql statement included below for reference. Mark Tedesco can coordinate on the date logic to ensure it aligns with recent changes. New date logic:

   BEGIN
   SELECT CURR_DT
   INTO L_Post_Date
   FROM RULESDBO.PROCESS_CENTER
   WHERE PROCESS_CENTER_DESC = 'PRODUCTION PROCESS CENTER';
   EXCEPTION
   WHEN No_Data_Found THEN
   L_Post_Date := NULL;
   END;
   END IF;
   --Default to SYSDATE if Process Center date not fonund
   IF (L_Post_Date IS NULL) THEN
   L_Post_Date := TRUNC(SYSDATE);
   END IF;
   BEGIN
   SELECT Max(business_date) INTO L_Prev_Buisness_date
   FROM PACE_MASTERDBO.BUSINESS_CALENDAR
   WHERE business_date < L_Post_Date
   AND DAILY_FLAG = '1';
   END;
   L_Post_Date := L_Prev_Buisness_date;
   /////////
   WHERE (CA.POST_DATE >= L_Post_Date)

3. Ensure procedure runs in the overnight and intraday cycle

4. clean up script required for existing records