Transaction Types are a way of classifying transactions in Canopy.
Hash Tags allows the system to recognize what to do with each line item. They are appended to the narration given in the bank statement. A ‘#’ will separate the narration from the classification as well as each additional item of information where required.
Each transaction will be tagged directly to a Currency Account. For asset transactions, the currency of the underlying needs to match with the currency of the account used.
On this page, we'll explain and provide examples for each Transaction Type and corresponding Hash Tag.
| Table of Contents |
|---|
...
Money Out
Transaction Type | Amount Direction | Type of Underlying | What's happening to the Underlying (Action) | Description | Additional Information to be included (appended) |
|---|---|---|---|---|---|
Money In | + | Cash | Inflow | Incoming cash transfers. This could be salary items or transfer of assets between accounts. |
-
This is treated like an external inflow and is excluded for performance calculations. | - | ||||
Money Out | - | Cash | Outflow | Outgoing cash transfers. This could be discretionary spending or transfer of assets between accounts. This is treated like an external outflow and is excluded for performance calculations. | - |
MiscIncome | + | Cash | Income | Funds received as a result of investment activity. For eg, Interest on Current Account or refund of expenses. This is treated like an investment account related impact and is included for performance calculations. | {Optional} |
MiscExpense | - | Cash | Expense | Expenses as a result of investment activity. For eg, Fees (administrative, custodial, management or other) or taxes. |
{Optional}
Interest
This is treated like an investment account related impact and is included for performance calculations. | {Optional} | ||||
Interest | - | Deposit, Cash | Interest | Interest on Deposits or Current Accounts. Some banks may merge this together with the redemption. We strive to split these items out for better analysis. This is included for performance calculations. | {Optional:#ticker} |
SpotFX In | + | FX Spot | FX Buy | Foreign currency transactions. Used when one currency account in the Account is debited and another currency account is credited. Incoming Cash FX Spot. For eg, Buy 10,000 SGD vs USD (for the SGD account). This is included for performance calculations. | - |
SpotFX Out | - | FX Spot | FX Sell | Foreign currency transactions. Used when one currency account in the Account is debited and another currency account is credited. Outgoing Cash FX Spot. For eg, Buy 10,000 SGD vs USD (for the USD account). This is included for performance calculations. | - |
Sale | + | Any Asset except Cash, Loan/Deposit | Sell | Sale of any type of security or investment. For eg, Equity, Derivatives or Bonds. This is included for performance calculations. | #ticker#quantity#price |
Purchase | - | Any Asset except Cash, Loan/Deposit | Buy | Purchase of any type of security or investment. For eg, Equity, Derivatives or Bonds. This is included for performance calculations. | #ticker#quantity#price |
Distribution | + | Any Asset except Cash, Loan/Deposit | Dividend/Coupon/Subscription | Payouts from existing investments, such as dividends or coupons or similar items. |
#ticker
This is included for performance calculations and will be mapped to the underlying security. | #ticker | ||||
Contribution | - | Any Asset except Cash, Loan/Deposit | Reversal dividend / Reversal coupon / Capital Call / Subscription | Payments made to the investment that are not Purchases. For eg, capital contributions to funds or capital calls for PE investments. This is included for performance calculations and will be mapped to the underlying security. | #ticker |
Loan Create | + | Loan | Drawdown. New loan | Loans are special assets that always have a market value of 100%. This is used when a loan is taken out and cash is provided into the current account. For eg, Open Loan, Rollover Loan | #ticker |
Loan Repay | - | Loan | Repayment | This is used when a loan is repaid and cash is removed from current account (redemption of loans). | #ticker |
Loan Cost | - | Loan | Interest | Interest on loans or current account. Some banks may merge this together with the redemption or rollover. We strive to split these items out for better analysis. | {Optional:#ticker} |
Deposit Create | - | Deposit | New deposit | Deposits are special assets that always have a market value of 100%. This is used when a deposit is placed and cash is taken out of the current account. For eg, new deposits. | #ticker |
Deposit Repay | + | Deposit | Redemption of deposit | This is used when a deposit is redeemed and cash returned to the current account (redemption of deposits). | #ticker |
Reinvestment | 0 | Any Asset except Cash | Dividend/Coupon Reinvestment | Practically this is a combination of Distribution + Purchase. Often used for mutual funds which reinvest the distribution amount and increase unit holdings. For eg, dividend/coupon reinvestment or dividends received in the form of shares. | #ticker#quantity |
TransferFOP In | 0 | Any Asset (except Cash, Loan/Deposit) | Delivery Free of Payment Security or asset transfers from another bank, account or custodian | Practically this is a combination of Money In + Purchase. Since a standard purchase reduces cash in the current account, this function allows easy transfer of assets without impacting cash. Used for:
|
The original purchase price can be provided (for profit calculations). If not provided, the latest available market price is used as reference. This is treated like an external inflow and is excluded for performance calculations. | #ticker#quantity#price/MKT | |||
TransferFOP Out | 0 | Any Asset (except Cash, Loan/Deposit) | Delivery Free of Payment Security or asset transfers to another bank, account or custodian | Practically this is a combination of Money Out + Sale. Since a standard Sale increases cash in the current account, this function allows easy transfer of assets (except cash, loan/deposit) without impacting cash. Used for transfer of assets (except cash, loan/deposit) between banks. Price can be provided (for profit calculations). If not provided, the latest available market price is used as reference. |
#ticker#quantity#price/MKT
This is treated like an external outflow and is excluded for performance calculations. We will close the position as of the market price of that day. | #ticker#quantity#price/MKT | ||||
TransferFOP Loan Create | 0 | Loan | Loan transfer into account (without cash impact) | Loan transfer into account without impacting cash. This is treated like an external outflow and is excluded for performance calculations. | #ticker#quantity |
TransferFOP Loan Repay | 0 | Loan | Loan transfer out of account (without cash impact) | Loan transfer out of account without impacting cash. This is treated like an external inflow and is excluded for performance calculations. | #ticker#quantity |
TransferFOP Deposit Create | 0 | Deposit | Deposit transfer into account (without cash impact) |
Deposit transfer into account without impacting cash. This is treated like an external inflow and is excluded for performance calculations. | #ticker#quantity | ||||
TransferFOP Deposit Repay | 0 | Deposit | Deposit transfer out of account (without cash impact) | Deposit transfer out of account without impacting cash. This is treated like an external outflow and is excluded for performance calculations. | #ticker#quantity |
Money In
This is meant for money flows that are not part of the portfolio returns. Funds coming in from external and will not be included in the profit calculation.
...
Example: Wire Transfer from other Bank#Money In
Money Out
This is meant for money flows that are not part of the portfolio returns. Funds are flowing out and not into investments or fees and will not be included in the loss calculation.
...
Example: Wire Transfer to other Bank#Money Out
MiscIncome
This is meant for money flows that are part of the portfolio returns. While the funds are a result of the investment activity they may not always be directly attributed to a specific investment. This will be included in the profit calculation. This category can also be used for revisions of expenses.
...
Example: Security lending#MiscIncome; Refund of Custody Fee#MiscIncome
MiscExpense
This is meant for money flows that are part of the portfolio returns. While the funds are a result of the investment activity they may not always be directly attributed to a specific investment. This will be included in the profit calculation.
...
Example: Management Fee#MiscExpense
Interest
This is meant for interest payments on deposits or current accounts. The contract reference itself is not required. The user is able to provide additional hash tag information with the ticker of the relevant deposit for the purpose of identifying the exact deposit for which the amount was relevant in case such tracking is desired.
...
Example: Interest on Deposit Ref: 12345#Deposit Interest#DepositRef_demoacct_usd01_12345
SpotFX In
This is meant for money flows that are attributable to FX transactions. Funds are coming in from another account which can be in the same banking relationship. This will actually be treated like a ‘Money In’ transaction, the tag provides more clarity in breaking down the transactions.
...
Example (for the SGD account): BUY 10’000 SGD vs USD#SpotFX In
SpotFX Out
This is meant for money flows that are attributable to FX transactions. Funds are going out to another account which can be in the same banking relationship. This will actually be treated like a ‘Money Out’ transaction, the tag provides more clarity in breaking down the transactions.
...
Example (for the USD account): BUY 10’000 SGD vs USD#SpotFX Out
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 here should be a negative number
Purchase
This is meant for security or asset purchases. 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.
...
Example: Purchase of 1000 Starhub Shares @ 3.5#Purchase#STH_SP#1000#3.5
Distribution
This is meant for pay-outs from existing investments, like coupons or dividend, or Subscription (positive settlement amount).
...
Example: Coupon payment for Starhub 3.08 2022 bonds#Distribution#SG6W34985252
Contribution
This is meant for pay-outs to existing investments, like capital calls for private equity investments, or Subscription (negative settlement amount).
...
Example: Capital Call for Private Equity Fund#Contribution#PE_FUND_CAYMAN_CLASSA_2012
Loan Create
This is meant for new loans. Canopy is tracking outstanding loan balances and interest payments.
...
Example: New Term Loan USD Ref: 6789#Loan Create#LoanRef_demoacct_usd01_6789
Loan Repay
This is meant for redemption of loans. Canopy is tracking outstanding loan balances and interest payments.
...
Example: Redemption Term Loan USD Ref: 6789#Loan Repay#LoanRef_demoacct_usd01_6789
Loan Cost
This is meant for interest payments on loans or current account.
...
Example: Interest on Loan Ref: 6789#Loan Cost#LoanRef_demoacct_usd01_6789
Deposit Create
This is meant for new deposits. Canopy is tracking outstanding deposit balances and interest payments.
...
Example: New Term Deposit USD Ref: 12345#Deposit Create#DepositRef_demoacct_usd01_12345
Deposit Repay
This is meant for redemption of deposits. Canopy is tracking outstanding deposit balances and interest payments.
...
Example: Redemption Deposit Ref: 12345#Deposit Repay#DepositRef_demoacct_usd01_12345
Reinvestment
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.
...
Example: Dividend Reinvestment for Global Equity Cumulative Class#Reinvestment#GL_EQ_CUM#50
What does TransferFOP mean?
TransferFOP stands for Transfer Free of Payment.
...
TransferFOP tags are used to represent this initial move, without affecting cash balances. TransferFOP is also used when moving assets from one custodian to another when there is no cash involved.
TransferFOP In
This is meant for security or asset transfers from another bank, account or custodian where no cash payment is being made. 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.
...
Example: Custodial Transfer 500 Starhub Shares#TransferFOP In# STH_SP#500#MKT
TransferFOP Out
This is meant for security or asset transfers to another bank, account or custodian where no cash payment is being made. 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.
...
*note that the quantity here should be a negative number
TransferFOP Loan Create
This is used when a loan is transferred into account without impacting cash.
...
Example: Transfer of New Term Loan USD Ref: 9876#TransferFOP Loan Create#LoanRef_demoacct_usd01_9876
TransferFOP Loan Repay
This is used when a loan is transferred out of account without impacting cash.
...
Example: Term Loan Repayment Transfer USD Ref: 9876#Loan Repay#LoanRef_demoacct_usd01_9876
TransferFOP Deposit Create
This is used when a deposit is transferred into account without impacting cash.
...
Example: Transfer of New Term Deposit USD Ref: 54321#TransferFOP Deposit Create#DepositRef_demoacct_usd01_54321
TransferFOP Deposit Repay
This is used when a deposit is transferred out of account without impacting cash.
...
Example: Deposit Repayment Transfer USD Ref: 54321#TransferFOP Deposit Repay#DepositRef_demoacct_usd01_54321