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Sale
This is meant for security or asset sales. The security will be identified by the Canopy ticker. There is no limitation on the type of assets here; listed or unlisted assets will be treated identical.
This category requires additional information, specifically:
- the ticker as per Canopy which can be found with the search functionality on the site,
- the quantity of purchase expressed in units or in nominal amount for bonds and
- the purchase price used, before any fees or expenses; for Bonds, the clean price used.
Effect: increases cash, reduces unit holdings per security
Example: Sale of 1000 Starhub Shares @ 3.5#Sale#STH_SP#-1000#3.5
*note that the quantity Quantity here should be a negative number
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This is meant for pay-outs to existing investments, like capital calls for private equity investments, or Subscription (negative settlement amount) .
This category requires additional information, specifically:
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This is meant for interest payments on loans or current account.
The contract reference itself is not required. The The user is able required to provide additional hash tag information with the ticker of the relevant loan Loan for the purpose of identifying the exact loan for which the this amount was relevant in case such tracking is desired.
Effect: reduces cash, no impact on outstanding loan notional per loan contract, impacts performance and NAV
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Example: Redemption Deposit Ref: 12345#Deposit Repay#DepositRef_demoacct_usd01_12345
Reinvestment
This Reinvestment is using dividends, interest and capital gains earned in an investment or mutual fund to purchase additional shares or units, rather than receiving payout in cash. This is meant for situations where the bank or the asset manager provides for automatic reinvestment of dividend or other pay-outs. This item is usually not found in the cash statement and actually a combination of a) Distribution and b) Purchase.
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What does TransferFOP mean?
TransferFOP stands for Transfer Free of Payment.
For the first month's statement upload, holdings are moved transferred into your your Canopy account to set a starting point upon which transactions can be added/subtracted to.
TransferFOP tags are used to represent this initial move, without affecting cash balances. TransferFOP TransferFOP is also used when moving assets from one custodian to another when there is no cash involved.
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