Capital call
The capital call corporate action allows you to mass-create capital call transactions for all investors who committed into your selected security, such as a private equity fund.
A capital call is defined as a percentage from the investor’s total commitment in the position. It uses the unit price per share defined in the corporate action as the unit price in calculating the trade amount of the created transaction.
The capital call corporate action can be recorded to the system through the Corporate action window with the following information (a star indicates a mandatory field):
- Security*
The security the capital call is created to. The total commitment of this security in the portfolio together with the capital call % will determine the amount of the capital call transaction created.
- Currency
The currency the capital call is created with. By default the capital call currency is the security’s currency. You can set a different currency to calulate the capital call in the specified currency and convert the result to the security currency with the defined exchange rate.
- Capital call %
The capital call %, i.e. how much out of the total commitment into the selected security is called. The percentage you define here times the total commitment from the position of the chosen security in the portfolio determine the amount of the created transaction.
Enter a number in the field, for example, "50".
- Unit price per share
The unit price per share. This value will become the unit price of the created transaction.
- Capital call ex-date*
The capital call ex-date. The capital call is calculated based on the total commitment of security in the portfolio on the ex-date. This date will become the transaction date of the created transaction.
- Settlement date
The settlement date of the capital call, i.e. when the capital call is actually paid to the portfolio. This date will become the settlement date of the created transaction.
- Transaction type*
The transaction type for the transactions to be created (for capital calls, select "PE - Call").
A new corporate action is created with the OK button below the corporate action information. Remember to run the corporate action to your portfolio(s) in order to create appropriate transactions to your portfolios.