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In the Create Unit Separations/Unit Splits panel, when you add a corporate action announcement for a unit separation, you can select various options based on the requirements of your business. Note options may vary according to your selections.

Option

Tag

Description

Lookup Security Information

 

 

Client Specific CA ID

1695

Specifies the client specific identifier for the corporate action.

Source Name

1102

Specifies the source name for the corporate action. The default value is Eagle PACE.

Original Source Name

4003

Specifies the original source name for the security.

From Asset ID Type

1432

Specifies the primary asset identifier type for the From security, such as CUSIP, ISIN, and SEDOL.

From Asset ID

14

Specifies the primary asset identifier of the From security.

From Issue Name

961

Specifies the name of the From security.

Maturity Date

38

Displays the maturity date of the From security.

From Issue Currency

3962

Displays the local currency of the From security.

From Pre Action Price

1264

Specifies the pre action price for the From security. This price is used in the Fair Market Value report. Typically, this price is the close price or last traded price.

From Post Action Price

369

Specifies the post action price for the From security. This price is used in the Fair Market Value report. Typically, the post action price is the open or first traded price of the existing security, and this value is used in the cost allocation percentage calculation.

Accounting Details

 

 

Trans Type

1257

This hidden field displays the transaction type that the system uses to process the transaction. For example, NONTAXMERGP.

Sweep Date

1197

Specifies the date that the global processes use to extract the corporate action for processing at the global level and apply it to eligible entities/holdings.

Ex Date

65

Specifies the ex-date of the corporate action. The ex-date is the entitlement date of the corporate action. Ex-date is equal to the Trade Date of the corporate action.

Record Date

1694

Specifies the record date of the corporate action.

Announcement Date

1260

Specifies the announcement date of the corporate action.

Pay Date

1275

Specifies the pay date of the corporate action. The pay date is the settlement date of the corporate action.

Treatment of Fractional Shares

3965

Specifies how the system treats fractional shares for the corporate action. A fractional share is less than a single share of stock. Options include:

  • Round Down. The system rounds the fractional share entitlement down to zero decimals. No fractional shares are created.
  • Post Fractional Shares. The system posts the fractional share entitlement, calculating the amount to two decimal places.
  • Round Up. The system rounds the fractional share entitlement up to the next whole number. No fractional shares are created.
  • European. The system calculates the fractional share entitlement as follows: 1. Divides the position by the divisor, 2. Drops the decimals on the number that is calculated, 3. Multiplies the whole number by the multiplier.
  • Round to Nearest Whole Share. The system rounds the fractional shares to the nearest number of whole shares. If the calculated entitlement is greater than or equal to 0.50, the system rounds the fractional shares up to the next whole share. If the calculated entitlement is less than or equal to 0.49, the system drops the fractional shares. If you select this option, you see the Rounding Point field.

Rounding Point.

8028

Identifies the rounding point used if you round fractional shares to the nearest number of whole shares

Corporate Action Sub Priority

3961

Determines the order in which to process the corporate action when multiple corporate actions have the same Effective Date. Corporate action priority is from low to high; that is, an event with a corporate action priority of 1 is processed prior to an event with a corporate action priority of 10. The default value is 1.

Corporate Action Status

54

Indicates if the corporate action is correct and ready for processing. Options include:

  • Incomplete. The record is not confirmed to be correct, or is not confirmed.
  • Pending. The record is fully populated and is awaiting release status.
  • Released. The record is complete and is ready for processing.
  • Completed. The record was processed through a global process.

Mandatory/Voluntary Indicator

1734

Indicates whether the corporate action is mandatory or voluntary. Options include:

  • Mandatory. The corporate action is required by the issuer and applies to all entities.
  • Voluntary. The corporate action is at the decision of the holder of the securities, or the issuer requires the action but there are different accounting options available to the holder of the security.

Unit Separation / Unit Split Details

 

 

To Asset ID Type

1103

(tag). Specifies the primary asset identifier type for the To security, such as CUSIP, ISIN, and SEDOL. For a unit separation, this is the underlying security for the selected leg to which the security separates.

To Asset ID

1348

Specifies the asset ID of the To security.

To Issue Name

1141

Specifies the name of the To security.

To Maturity Date

337

Specifies the maturity date of the To security.

To Issue Currency

3962

Displays the local currency of the To security.

To Post Action Price

319

Captures the open or first traded price of the new security for the selected leg. The value in this field is used in the cost allocation percentage calculation when multiple legs of a corporate action are present.

From Shares

1710

Specifies the number of shares to split/combine for the From security for the selected leg. This value is used to determine the To Ratio (Shares) value.

To Shares

1723

Specifies the number of shares to split/combine for the underlying To security for the corresponding From Shares for the selected leg. This value is used to determine the To Ratio (Shares) value.

To Ratio (Shares)

1001

Specifies the ratio used to split or combine the From security to the To security for the selected leg. This ratio determines the number of shares that result from one unit of the From security. The system calculates the ratio based on the value of the From Shares and To Shares entered, but you can change it.

Corporate Action Type

1728

Identifies the business name of the corporate action. Options include Unit Separation.

Corporate Action Notes

1740

Specifies user-defined information about the corporate action.


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