Ledger Entry
Ledger Entry is a direct subtype of Financial
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TYPE INCLUSION RELATIONSHIPS
AVAILABLE FUNCTIONS
AVAILABLE CREATE FUNCTION KEYS
TYPICAL OBJECTS OF TYPE Ledger Entry
This type represents basic bookkeeping information relating to the acquisition and likely disposal of a trading asset.
It is an optional part of every object of type Tradable, being the Value corresponding to the KeyLedger Entry
It affects a tradable's pricing in the following two occations:
When either a) the Acq Date is greater than VD or b) its Disp Date is less or equal to VD, where VD is the applicable valuation date.
In both of these occations, the price of the referenced tradable equals zero.
Any non-zero fee defined in Acq Fee or Disp Fee has no impact on the tradable's pricing.
This makes sense because the calculated NPV of any tradable reflects the present value of all cash flows stemming from that tradable.
The fees are external cash flows that have nothing to do with the contract characteristics of the tradable.
Nevertheless, the fees are reported as part of the corresponding cash flows table and also contribute to the tradable's income calculated by the Price function if the input model of type Advanced Pricing specifies so.
The Ledger Entry is generally set when the tradable is created as part of a portfolio (i.e. object of type Portfolio) being generated out of transaction data contained in a blotter (i.e. object of type Blotter).
But it may also be set using the function Set Ledger Entry