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:

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

Buy Entry

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

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

AssetView then shows you a summary of the:

1. Market Value;
2. Premium (price paid which is more or less than the face value);
3. Cash Flow (including the price, interest catchup and fees); and
4. Yields (potential).

Sale Entry

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

AssetView then shows you a summary of the:

1. Market Value;
2. Premium (price paid which is more or less than the face value);
3. Cash Flow (including the price, interest catchup and fees); and
4. 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:

1. Investment components;
2. Maturity;
3. Interest; and
4. 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.