Sales

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    Overview

    The Sales window should be used to enter details of all Sales made between the Start and End Date of the period you are working on. Take care not to use this window to enter capital events such as Redemptions or Cash Take-Overs as the system will normally calculate these automatically.

    Sales Window Options

    If there are several Sales on the same day for a particular Security then these can be entered separately and the system will consolidate them automatically into one transaction for the computation.

    The screen contains the following fields:

     

    Field

    Description

    Security Code

    Enter the Code for the Security in question.

    If you are unaware of the Code then this can easily be established by invoking the Security Code Lookup Facility. To do this simply position your cursor within the Security Code field and then either double click or press the F5 key on your keyboard.

    Date of Sale

    Enter the date of the disposal.

    Shares Sold

    Enter the number of shares sold. Up to four places of decimal are allowed to cope with those Securities, such as Unit Trusts, where dealing takes place in fractions of shares.

    For Gilts, Bonds etc. the relevant currency sign will be determined automatically by the system.

    Proceeds

    Enter the proceeds of disposal. This should be the total proceeds relating to the entire holding and not the price of a single share.

    If the Security is caught under the terms of the Accrued Income Scheme then the Proceeds must include the Accrued Interest.

    Accrued Interest

    Enter the amount of Accrued Interest as detailed on the Contract Note.

    For some ex dividend transactions the Accrued Interest will be shown as a negative figure on the Contract Note and in these cases it must be entered as such.

    Small Disposal Indicator

    Select the check box if you require the disposal to be treated under the 5% Rule i.e. the proceeds will be used to reduce the base cost of the asset.

    Alternative Description

    This optional field allows you to use a description other than "SALE" for a disposal i.e. "LOSS CLAIM". Either select a description from the drop down list or enter a free format description.

    Note: Whilst the Sundries screen can also be used to enter disposals with a description other than SALE  a separate entry is required for each tranche of shares in the holding.