Tags and Hash Tags

Tags in Canopy are a way of classifying transactions. 

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 Tag and corresponding Hash Tag. 

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.

Effect: increases cash assets, does not impact performance and NAV.

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.

Effect: reduces cash assets, does not impact performance and NAV.

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.

The user is able to provide additional hash tag information for the purpose of classifying income and expenses deeper. There are not pre-set categories for this additional tagging.

Effect: increases cash assets, impacts performance and NAV.

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.

The user is able to provide additional hash tag information for the purpose of classifying income and expenses deeper. There are not pre-set categories for this additional tagging.

Effect: reduces cash assets, impacts performance and NAV.

Example: Management Fee#MiscExpense

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.

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: reduces cash, increases unit holdings per security, sets the reference for performance or NAV for this security.

Example: Purchase of 1000 Starhub Shares @ 3.5#Purchase#STH_SP#1000#3.5

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

Distribution

This is meant for pay-outs from existing investments, like coupons or dividends. Canopy allows distribution to be received in a different currency account from the security’s reference currency.

This category requires additional information, specifically:

-          the ticker as per Canopy which can be found with the search functionality on the site,

Effect: increases cash, no change in unit holdings per security, impacts performance and NAV

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.

This category requires additional information, specifically:

-          the ticker as per Canopy which can be found with the search functionality on the site,

Effect: reduces cash, no change in unit holdings per security, impacts performance and NAV

Example: Capital Call for Private Equity Fund#Contribution#PE_FUND_CAYMAN_CLASSA_2012

Reinvestment

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.

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

Effect: no impact on cash, increases unit holdings per security, impacts performance and NAV

Example: Dividend Reinvestment for Global Equity Cumulative Class#Reinvestment#GL_EQ_CUM#50

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.

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: can be MKT for current market price or the original purchase price if available; for Bonds the clean price used.

Effect: no impact on cash, increases unit holdings per security, sets the reference for performance or NAV for this security.

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.

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: can be MKT for current market price or the original purchase price if available; for Bonds the clean price used.

Effect: no impact on cash, reduces unit holdings per security

Example: Custodial Transfer 500 Starhub Shares#TransferFOP Out# STH_SP#-500#MKT

*note that the quantity here should be a negative number

Deposit Create

This is meant for new deposits. Canopy is tracking outstanding deposit balances and interest payments.

This category requires additional information, specifically:

-          the ticker as per Canopy which can be found with the search functionality on the site or newly provided.

Effect: reduces cash, increases outstanding notional per deposit contract

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.

This category requires additional information, specifically:

-          the ticker as per Canopy which can be found with the search functionality on the site or newly provided.

Effect: increases cash, reduces outstanding notional per deposit contract

Example: Redemption Deposit Ref: 12345#Deposit Repay#DepositRef_demoacct_usd01_12345

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.

Effect: increases cash, no impact on outstanding Deposit notional per deposit contract, impacts performance and NAV

Example: Interest on Deposit Ref: 12345#Deposit Interest#DepositRef_demoacct_usd01_12345

Loan Create

This is meant for new loans. Canopy is tracking outstanding loan balances and interest payments.

This category requires additional information, specifically:

-          the ticker as per Canopy which can be found with the search functionality on the site or newly provided.

Effect: increases cash, increases outstanding notional per loan contract

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.

This category requires additional information, specifically:

-          the ticker as per Canopy which can be found with the search functionality on the site or newly provided.

Effect: reduces cash, reduces outstanding notional per loan contract

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. The contract reference itself is not required. The user is able to provide additional hash tag information with the ticker of the relevant loan for the purpose of identifying the exact loan for which the 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

Example: Interest on Loan  Ref: 6789#Loan Cost#LoanRef_demoacct_usd01_6789

TransferFOP Deposit Create

This is used when a deposit is transferred into account without impacting cash.

This category requires additional information, specifically:

-          the ticker as per Canopy which can be found with the search functionality on the site or newly provided.

Effect: no impact on cash, but increases outstanding notional per deposit contract

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.

This category requires additional information, specifically:

-          the ticker as per Canopy which can be found with the search functionality on the site.

Effect: no impact on cash, but reduces outstanding notional per deposit contract

Example: Deposit Repayment Transfer USD Ref: 54321#TransferFOP Deposit Repay#DepositRef_demoacct_usd01_54321

TransferFOP Loan Create

This is used when a loan is transferred into account without impacting cash. 

This category requires additional information, specifically:

-          the ticker as per Canopy which can be found with the search functionality on the site or newly provided.

Effect: no impact on cash, increases outstanding notional per loan contract

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.

This category requires additional information, specifically:

-          the ticker as per Canopy which can be found with the search functionality on the site or newly provided.

Effect: no impact on cash, reduces outstanding notional per loan contract

Example: Term Loan Repayment Transfer USD Ref: 9876#Loan Repay#LoanRef_demoacct_usd01_9876

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.

Effect: increases cash assets, does not impact performance and NAV.

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.

Effect: reduces cash assets, does not impact performance and NAV.

Example (for the USD account): BUY 10’000 SGD vs USD#SpotFX Out