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.

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

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 CD 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 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.