Considerations
Use this page to manually record closing short activity for a bond, using the first in, first out (FIFO) method.
Click one of the images above to view either a list of the transactions available for that category, or click the Baseline Holdings icon to access the Add New Baseline Holdings page.
Procedure
From the Manually Record Trades page, click the Bond icon to access the Bond - Record Transaction page. From this page, select Cover FIFO from the Action drop-down list. The Bond - Record Cover FIFO Transaction page displays.
Select the account to which to record this transaction, from the In Account drop-down list. If you only have one account, this drop-down list is not displayed.
By default, the Action on this page is set to Cover FIFO. To change this, select a different transaction from the Action drop-down list. The fields that display depend on the transaction that is selected.
Enter the date of the transaction in the Transaction Date (mm/dd/yyyy) field. You can also click the Calendar icon and select the appropriate date from the calendar that displays.
Enter the 9-digit CUSIP of the bond in the CUSIP field. You can then click Verify to confirm you have entered the correct CUSIP for the bond.
Select the type of security from the Security Type drop-down list. By default, this field is set to Bond for this transaction.
Enter the quantity to cover in the Quantity field. By default, the face value of the bond is set to $1000. You can manually update the amount in this field if the bond has a face value other than $1000.
Enter the Price of the bond in the field provided. Bonds are priced at a percentage of the face value. For example, 25 is 25% of the $1000 face value, or $250. For bond pricing at 100, enter 100 in the Price field. Do not convert this to the $1000 face value amount.
To calculate the Total Cost of the transaction, do one of the following:
Select the Price radio button - Enter the Price of the bond and the total Commission amount + All Fees in the fields provided. Once you have entered this information, click the Calculate Total Cost button. The result displays in the Total Cost field.
Select the Total Cost radio button - If you select this radio button, the Total Cost field becomes active and the Calculate Total Cost button is no longer displayed. Enter the total cost of the trade in the field provided. Be sure to include the total commission amount and any fees.
To record the Cover FIFO transaction, click the Record button. To record the transaction and continue to enter additional transactions, click the Record & Repeat button. To leave this page, without recording the transaction, click the Cancel button.
Example
Click here to view an example of the Bond - Record Cover FIFO Transaction page.
Click any of the numbered areas below to view the procedure step for the selected field.
