Bonds

Overview

• AssetView's Bonds App splits the acquisition of a bond into two parts: asset entry and transaction entry.
• For each buy transaction of a bond, the Bonds App will automatically create transactions in accordance with the coupon schedule.
• AssetView then shows you a summary of the market value, premium, cash flow, and yields.
• The Bond Offer pane enables you to enter an offer date and a price with which AssetView calculates the effective yield to offer.

Asset Entry

When entering a new bond asset, AssetView prompts you to enter:

• Label: friendly name for you to recognize the specific asset
• ID: unique identifier
• Description: more information for you to fully describe the asset
• Default Account: the account to which all future purchases of the asset will be assigned unless you override
• State: active or planned asset
• CUSIP: an industry defined identifier
• Coupon %: rate of fixed payments
• Interest Payment Per Annum: the interval of payments
• Maturity Date: date of final redemption
• Add Call: call provisions on the asset
• Asset Class: the specific asset class to which the asset will belong

Buy Entry

When entering a bond purchase, AssetView prompts you to enter:

• Date: date of the transaction
• Account: AssetView will present the default account which you may override
• Basis: the accounting basis for lotting and taxation
• Lot: Auto (automatically lot), New (create a new lot), Advanced (to manually create lots), or you may assign to an existing lot
• Face value
• Price: the price paid
• Interest Catchup: interest paid to the previous owner for ownership during a partial period
• Fee: e.g. brokerage fees
• Description
• State: active, pending, or planned

AssetView then shows you a summary of the:

• Market Value
• Premium (price paid which is more or less than the face value)
• Cash Flow (including the price, interest catchup and fees)
• Yields (potential)

Sale Entry

• Date: date of the transaction
• Account: AssetView will present the default account which you may override
• Basis: the accounting basis for lotting and taxation
• Lot: Auto (automatically lot), New (create a new lot), Advanced (to manually create lots), or you may assign to an existing lot
• Face value
• Price: the price paid
• Interest Catchup: interest paid to the previous owner for ownership during a partial period
• Fee: e.g. brokerage fees
• Description
• State: active, pending, or planned

AssetView then shows you a summary of the:

• Market Value
• Premium (price paid which is more or less than the face value)
• Cash Flow (including the price, interest catchup and fees)
• Yield: yield to sale

Dashboard and Structured View

On the Dashboard for a bond asset and on the Structured View when you select Fixed Income, AssetView calculates and displays details on your:

• Investment components
• Maturity
• Interest
• Yields

On a bond asset page, AssetView allows you to enter an offer price on the asset as of a specified date. AssetView then calculates a yield. AssetView also calculate the remaining yield for the bond using the current day (i.e. today) as the settlement date.

Offer

On a bond asset, the Offer pane enables you to enter an offer date and a price with which AssetView calculates the yield. If you have multiple purchases of the bond, AssetView calculates the yield using a weighted settlement date based on the proportion of cost attributable to each purchase.