Certificates of Deposit (CDs)

Overview

• AssetView's Certificates of Deposit (CDs) App enables the creation of a CD asset.
• Once the asset is added, AssetView automatically creates the purchase transaction, the planned interest payments, and the planned redemption.

Asset Entry

When entering a new CD asset, AssetView prompts you to enter the following.

• Label: friendly name for you to recognize the specific asset
• ID: unique identifier
• Description: more information for you to fully describe the asset
• Group: assigns asset to a group for presentation on the List View and Summary View
• Default Account: the account to which all future purchases of the asset will be assigned unless you override
• State: active or planned asset
• Basis Calculation: the lotting method chosen for taxation (e.g. LIFO, FIFO)
• Exclude from Performance Calculations: when selected, the asset does not participate in aggregated asset performance calculations (e.g. Return %, MoM)
• CUSIP: an industry defined identifier
• Principal: amount of CD
• Fee: transaction expense
• Percentage %: fixed annual rate through the term
• Start Date: date of investment
• Duration: quantity of units
• Units: fractionalization of period (e.g. years, months)
• Compounding: frequency of interest compounding
• Asset Class: the specific asset class to which the asset will belong

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 CD 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 CD 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 CD using the current day (i.e. today) as the settlement date.

Offer

On a CD 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 CD, AssetView calculates the yield using a weighted settlement date based on the proportion of cost attributable to each purchase.