Add Investment Subsidiary
These steps explain how to add new investment records to the system.
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Launch Tool #993 INV 1: Work With CU Investments.
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Select Add.
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Create Investment ID of your choice. (i.e. CD0001, MBS200, FHLB06, etc.)
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Select Investor Type if Configured. Learn more.
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Input Original Par (Original Principal).
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Enter Description of your choosing; Investment Type description will prefill, you can retype the description.
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Enter in FDIC and/or CUSIP information (if applicable, Information field not required).
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Current Par (Original Principal minus any principal paydowns).
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Enter FASB Code (Held to Maturity [HTM], Trading Account [TRA], Available for Sale [AFS]).
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Enter Misc. additional investment information (if applicable).
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Enter Coupon Rate. This will be the rate used in the accrual calculation. This is required even if the investment doesn't accrue.
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NOTE: You will need to enter the whole number, period, then three decimal positions for accuracy of input. For example, if your rate is 5.50%, you will enter in 5.500.
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Enter Yield. This step is not required, as it is used for information as a projection of the true return rate for this investment.
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NOTE: You will need to enter the whole number, period, then three decimal positions for accuracy of input. For example, if your rate is 5.50%, you will enter in 5.500.
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Credit rating, Pledged, and Pledged to are optional informational fields only.
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Enter # of units. Generally 1, but it represents the price paid per unit for this investment.
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Enter Current Unit Price -- Price paid per unit.
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EXAMPLE: 2 units @ 250,000.00 = 500,000.00 Current Par
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Enter Quote Date. Generally the same day as the settlement date, but with more complex investments this could be different.
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Enter Settlement Price, which is the price paid for purchase.
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You must enter the amount and 6 (decimal positions) zeroes after your period to get the correct amount entered.
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Enter Settlement Date. This is generally the same as the Purchase Date.
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Enter Purchase Date. This is generally the same as the Settlement Date.
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Enter Maturity Date.
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Enter Review Date. (Only if applicable, not a required field).
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Select Call Date. (Only if applicable, not a required field as it is informational only).
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Select Coupon Reset Dates. (Only if applicable, not a required field as it is informational only).
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Select pencil to input rates and dates.
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Select Contact, Institution, Safekep, or Broker. (Only if applicable, not a required field as it is informational only).
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Enter Last Accrued Date. This is generally the date of purchase.
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Select Calc Type.
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Select Accrual Income Based On "Premium or Discount," if applicable.
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Enter Monthly Amount of premium or discount.
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Select Variable Rate Code, if applicable.
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Select G/L Code or enter in appropriate G/Ls for Principal, Discount, Premium, Income, Accrual and Gain/Loss. If you do not have Premium and Discount, your principal G/L will be entered in those G/L fields as the system requires a G/L even if no premium or discount occurs.
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Select Add/Update.
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NOTE: You may see error messages below in red. Most often this is due to an interest rate below 1%, but otherwise due to a "required field" error. Correct error or Add/Update if rate is correct.
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Enter in Principal amount of purchase as a debit to the Principal Balance field.
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If applicable, enter in Accrued amount as a debit to the Accrued Balance field.
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Enter in the settlement G/L in the Misc G/L or Settlement Value field as a credit to offset. This will be contingent on where your settlement was posted (i.e. corporate or offsetting suspense G/L).
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If you already posted the settlement to your principal G/L, you still need to Create J/E in order for the detail to be loaded into the subsidiary record.
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Launch Tool #61 Create/Post GL Journal Entries to post, delete or edit J/E.
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Post current J/E if all entries need to be posted to the General Ledger.
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Edit current J/E if only the Accrued balance needs to be posted to the General Ledger by deleting principal amount for J/E.
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Delete current J/E if all entries are posted already to the General Ledger.
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Launch Tool #993 INV 1: Work With CU Investments and verify that the investment has been loaded and Subsidiary Detail is posted to the sub ledger.
Learn More
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Learn more about working with investments. |
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Learn more about adjusting subsidiaries. |