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You can process unrealized gain/loss (URGL) for PIK Bond Interest Receivable that will be paid in shares. You can set the PIK URGL Flag field (tag 3859) at the entity/basis level to indicate whether PIK receivables are eligible for Mark to Market when the coupon is to be paid in bonds. 

The following option is available in the Create/Edit Entity panel, the Create Master Fund panel, and the Add a Basis to a Portfolio panel. These panels are available in Portfolio Data Center and in Accounting Center. 

OptionTagDescription
PIK URGL Flag3859

Indicates whether unrealized gain/loss is posted for a Payment in Kind (PIK) bond interest receivable. Options include:

  • Yes. Allows the accounting basis to post daily mark to market entries for interest receivable when a security has a processing security type (PST) of Interest Bearing Debt PIK (DBIBPK) and there is a PIK Receivable Mark to Market schedule for the coupon period. 
  • No. The Accounting basis is not able to daily mark to market PIK unrealized.
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