Redemption
The redemption corporate action allows you to mass-create principal repayments and expirations for bonds. Expirations are generated based on the maturity date and price specified for the bond in the Security window, Extra info tab. Partial redemptions are generated based on the redemption plan specified in the Security window, Extra info tab, Redemptions subtab. Before creating this corporate action, make sure you have this bond information filled in.
To record the redemption corporate action, click New → Corporate action in the top menu and fill in the fields (a star indicates a mandatory field):
- Security*
The bond security for which you need to create expiration or partial redemption transactions.
- Currency
The currency of expiration or partial redemption. By default the redemption currency is the security’s currency. If you specify a different currency, the redemption is calculated in the specified currency and converted to the security currency.
- Redemption %
Redemption as a share of principal. You can fetch the redemption %, redemption date and settlement date from the bond information defined in the Security window. To do this, fill in the Security and Groups, contacts, portfolios fields and enter "?" in the Redemption % field.
- Redemption price per share
The price at which a bond unit is redeemed. The default is 100 (issue price). You can adjust this value if needed.
- Redemption date
Transaction date of the transaction created. You can fetch the redemption date together with settlement date and redemption % from the bond information defined in the Security window. To do this, fill in the Security and Groups, contacts, portfolios fields and enter "?" in the Redemption % field.
- Settlement date
Settlement date of the transaction created. You can fetch the settlement date together with redemption date and redemption % from the bond information defined in the Security window. To do this, fill in the Security and Groups, contacts, portfolios fields and enter "?" in the Redemption % field.
- Trasanction type
Transaction type. For expirations, choose "Expire (EXP)". For partial redemptions, choose "Paydown (PD).
A new corporate action is created with the Save and close button below the corporate action information. Remember to run the corporate action to create transactions to your portfolios.