Issue

How to set up a foreign government bond account in order to maintain the quantity, book cost and market value at the same time.

Background

Currently, Class doesn't receive Data Feeds for foreign bond investment at the Community Level. The investment account can be created by the user.

Resolution

To set up a foreign government bond account:

1. Create the Security Issue 
2. Create the investment holding account
3. Process the Purchase event
4. Enter the Market Price

Create the Security Issue 

Navigate to Fund Level > Investments > Investment Account

1. Enter the Security Issue code based on the supporting document. Select Yes to 'Include foreign markets' when searching
   
   
2. If No Match found, click on Create Security Issue
3. Enter the description
4. Select the market type as 'Foreign investment assets'
5. Select the corresponding Security Issue Type
6. Click on Save
   

Create the investment holding account

Still in the pop-up screen on creating the Investment Account

1. Review the Reporting Categories.
2. Tick the check box to Enable Editing of Reporting Categories
3. Select the relevant GL classification 
4. Select the relevant Tax Return classification
5. Select the relevant Capital Gain Classification
6. Click on Activate

Process the Purchase event

Navigate to Fund Level > Transactions > Investment - buy > Listed/Unlisted security acquisition

1. Enter the Trade Date
2. Enter the Settlement Date (this will trigger the Exchange rate to show up)
3. Enter the number of Units
4. Select the relevant currency
5. Enter the Trade Value
6. Select the property Broker Type
7. Enter the Brokerage and GST on Brokerage
8. Enter the relevant description
9. Click on Submit
   
   

Enter the Market Price

Refer to our User Guide on Revaluation for Unlisted Securities for detailed steps