Security Details: Fixed Income

Transcription

1 Security Details: Fixed Income The details of a security can affect how information appears on reports. This document discusses each of the settings for the Fixed Income security type and how they impact reporting. General Tab Symbol Maturity Date Display Accrued Eight to nine digit identifier for the security, usually the ticker symbol. It is alpha-numeric, and must be unique for each security. The field is 30 characters long. The description of the security. Appears on reports by default. The date the security reaches face value. The default is blank, but you must enter a date to save the security details. Check box indicating whether or not to display accrued income for any portfolio holding this security. If this box is checked and the Include Accrued Interest box is checked in portfolio details, the accrued interest for the security is included in the portfolio value. If, however, you have unchecked the Display Accrued Interest setting on the Settings Tab of the portfolio details, accrued interest for all assets is omitted from reports. The default is checked. Interest Rate The annual interest rate of the security as a percentage (for example, enter 10 for 10%). For zero coupon bonds, enter zero (0). The default is zero (0). DocumentID: spt Last Updated: December 1, 2009

2 Variable Rate Check this box to indicate the security has a variable interest rate. Use the setup button to enter the date and amount of each variable rate. The default is unchecked. The Variable Rates Setup window gives you several options to set up your variable rates: In the Payment Frequency section, set the frequency of the rate changes. Select Fixed Schedule to enter dates of rate changes, or select Periodic if the rates change at a regular interval. Set the interval (times per year) and the frequency of the rate changes. In the Reset Frequency and Rates section, select Fixed Schedule to enter the rate schedule and the associated effective dates or select Based on Index to base the rate changes on an index. In this section, select the interval, frequency, first reset date, the index, spread or margin (in basis points) and days until change. Payment Frequency Indicate the frequency of interest or income payments. The default for Fixed Income securities is semi-annual Day Type Controls the number of days used in the computation. The choices are Actual By 360, Actual By 365, Actual By Actual and Thirty By 360. For example, most corporate bonds use a 30-day month and a 360 day year, so for those securities, select Thirty By 360 for this setting. The default for Fixed Income securities is Thirty By 360. CUSIP Issue State State Taxable Federal Taxable Comment Extended 1 & 2 Issue Date The CUSIP number assigned to the security. Use this information as a secondary identifier for the security. The state issuing the security. This setting is used to determine whether or not income from a security qualifies to be excluded from state taxable income if certain conditions are met. The Checkbox indicating whether or not the income for this security is taxable on the state level. The default for Fixed Income securities is checked. Checkbox indicating whether or not the income for this security is taxable on a federal level. The default is checked. Any short comment about the security. Not to exceed 100 characters. Additional descriptors for certain fixed income and holding reports. The Date the security was originally issued. Use this field when computing accrued interest for securities with an odd first coupon payment. The Security Details: Fixed Income Page 2 of 6

3 First Coupon Final Coupon High Limit Low Limit Call Date Call Price Pre-Refund Date (Pre-Refund) Price Date of the first coupon payment if the security has an odd first coupon/interest payment. This field is used for computing accrued interest for securities with an odd first coupon payment. Use with an issue date to indicate a deferred first coupon until the end of the first full coupon period. Use without an issue date to indicate a payment cycle that does not occur at a regular interval relative to the maturity date. The The date of the final coupon payment. Enter a date only if the security s payment cycle does not occur at regular intervals with respect to the maturity date. The High limit reminder for the current market value and used to highlight a price that equals or exceeds the limit on the Price Limit Alert Report. The default is zero. Low limit reminder for the current market value and used to highlight a price that equals or is less than the limit on the Price Limit Alert Report. The default is zero. If applicable, the call date of the security. Use the Call Dates button at the bottom of the window to set up a call date schedule. The If applicable, the call price of the security. Use the Call Dates button at the bottom of the window to set up the call date schedule. The If applicable, the pre-refund date of the security. Typically, before the maturity date of the bond. The Is applicable, the price at which the bond is to be pre-refunded. The Categories Tab Pricing Service Initialize Security with full descriptive data from FT Interactive Data Select the pricing service to price the security. Only select a pricing service if you are not getting pricing data from interfaces. The default is Send All. Check this box if you are using Interactive Data Pricing and Reference Data and want to download the complete details for fixed incomes. If checked, all security details are replaced with information from Interactive Data. Important Review the pricing service contract for complete details about the cost for downloading additional data. Security Details: Fixed Income Page 3 of 6

4 Pricing Type Asset Class Sector Code Subsector Code Report Gains and Losses on the Realized Gains and Losses Report Select the type of security to price. Only applicable for users without prices from an interface. The default for Fixed Income securities is Corporate and Government Bonds. The code for the asset class. You must manually assign asset classes to each security. The The code for the sector. You must manually assign the sector to each security. The The code for the subsector. You must manually assign subsectors to each security. The Indicates whether or not realized gains or losses are included on the Realized Gains/Losses reports. If checked, they are included. The default is checked Security Details: Fixed Income Page 4 of 6

5 Properties Tab Bond Ratings: Moody s Bond Ratings: S&P Bond Ratings: Fitch Bond Status Yield to Worst: Yield Yield to Worst: Yield Type Yield to Worst: Effective Date Yield to Worst History Display on Reports The Moody s rating for the security. This information can be manually entered or downloaded from FT Interactive Data. Use the effective date field to show the date the rating is effective as of, and use the History button to view and store a rating history. The default rating is NR (not rated) and the default effective date is blank. The S&P rating for the security. This information can be manually entered or downloaded from FT Interactive Data. Use the effective date field to show the date the rating is effective as of, and use the History button to view and store a rating history. The default rating is NR (not rated) and the default effective date is blank. The Fitch rating for the security. This information can manually entered or downloaded from FT Interactive data. Use the effective date field to show the date the rating is effective as of, and use the History button to view and store a rating history. The default rating is NR (not rated) and the default effective date is blank. The status of the security, such as Active Mandatory Tender, Called, etc. This information can be manually entered or downloaded from FT Interactive Data. The Lowest possible yield for security. The default is zero. Setting that answers the question yield to what? with options of Maturity, Call Date, or Pre-Refund Date. The default is Maturity. Date of the most recent Yield to Worst calculation. The History of all Yield to Worst numbers and their associated effective dates. The default is blank. Check box to display the yield to worst calculation on reports. The default is unchecked. Security Details: Fixed Income Page 5 of 6

6 Settings Tab Allow for Creation in Transaction Writer: Interest Payments Check box to indicate whether or not the security should be included when using the Transaction Writer to create interest payments. If checked, the security is included when you use the Interested Payment Wizard to create interest transaction. The default is checked. Amortization and Accretion Check box to indicate whether or not the security should be included when using the Transaction Writer to create amortization transactions. If checked, the security is included when you use the Amortization Wizard to generate amortization or accretion transactions. The default is checked. Amort/Accr to: Select the event to amortize or accrete to, such as maturity, call date or pre-refund. The default is To Maturity. Security Details: Fixed Income Page 6 of 6