APL |
POSTDIST |
POSTDIST
Used to process a non-taxable distribution for a single account.
- Type POSTDIST and press
Enter ↵
The following will appear:
X-REF FOR OLD SECURITY (ENTER SACUS, TICK, CUSIP):
- Type the security identifier for the original security and press
Enter ↵
The following will appear:
X-REF FOR NEW SECURITY (ENTER SACUS, TICK, CUSIP):
- Type the security identifier for the new security and press
Enter ↵
The following will appear:
AS OF DATE (MM/DD/YY) - HIT ENTER FOR CURPRDATE :
- Type the ex-distribution date of the distribution and press
Enter ↵
The following will appear:
SEARCH FOR WHAT?
- Type the account selection for which you are processing the distribution and press
Enter ↵
The following will appear:
NEXT OPERATION (HIT RETURN WHEN DONE, OR TYPE HELP):
- Type the additional commands for sorting, o increasing or decreasing the account selection and press
Enter ↵or simply pressEnter ↵
The following will appear:
ENTER PRICE:
- Type the price of the original security on the ex-date. If a special price has been reported for use, that is the price you should enter and then press
Enter ↵
The following will appear:
ENTER CONVERSION DATE - HIT ENTER FOR CURPRDATE :
- Type the pay date of the distribution and press
Enter ↵
The following will appear:
ENTER NUMBER OF OLD SHARES:
- Type the number of shares of the original security you must have to receive the new shares and press
Enter ↵
The following will appear:
ENTER NUMBER OF NEW SHARES:
- Type the number of new shares to be received and press
Enter ↵
The following will appear:
ENTER COST (IE. .70) ASSIGNED TO OLD SHARES:
- Type what percent of the original cost of the original security should be retained for the original security and press
Enter ↵
The following will appear:
ENTER COST (IE. .30) ASSIGNED TO NEW SHARES:
- Type what percent of the original cost of the original security should be allocated to the new security and press
Enter ↵
Note: If the percentages do not add up to 1 (which will say 100 on the system), you will receive an error message and will be prompted to enter the information again:
PERCENTS DO NOT ADD UP TO 100. PLEASE ADJUST
A trades batch is created.
- To exit, type (Q and press
Enter ↵
Below is an example of how EDPORT will look after a distribution has been processed. This example applies to a distribution processed by APL or by using POSTDIST.
Level 1 - The sum of the COST amounts for the new positions equal the cost of the original security and the original purchase date remains the same.
Level 2 - The original position is delivered out using the price entered in question step7. The new positions are received in using the cost percentages entered in steps 11 and 12. The sum of the RCOST amounts for the positions received in equal the amount of DPROC on the original position that is delivered out.
Level 3 – Broker fields are coded with REORG to easily identify these positions as part of a corporate action.
Important: All information should be checked before posting the batch. If any changes need to be made because of incorrect information, delete the original batch using DELBATCH and rerun the function.