Fixed Income

AV splits acquisition of a fixed asset into two parts: asset entry and transaction entry.

Asset Entry

AV is built to track your fixed income assets. When entering a new fixed income asset, AV 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 Frequency: defined the interval of payments;
9. Maturity Date: the 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 fixed income asset purchase, AV prompts you to enter:

1. Date: date of the transaction;
2. Account: AV 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.

AV 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: AV 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.

AV 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 (achieved).

Dashboard and Structured View

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

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

On a Fixed Income asset page, AV also allows you to enter an offer price on the asset as of a specified date. AV then calculates a yield.