Drilldown into KEMID Tax Lot Detail

From the results table for the KEMID Current Reporting Group Lookup screen, you may drill down further to view the detail of a specific security held at a specific location (registration code) and to view the holding and tax lots. To do so, click the underlined link for Units. The system displays the KEMID Current Tax Lots Lookup screen with results.

The search fields are pre-filled with data for the KEMID, reporting group, and security and registration code combination whose Units link you chose. Each row of the results table displays information for a single tax lot.

KEMID Current Tax Lots Lookup results definitions:

Title

Description

Actions

Click the edit link to edit the accrued income due. This edit is necessary only if the KEMID is to be closed and still has accrued income due.

Lot Number

The ID number for this tax lot.

Acquired Date

The date this lot was acquired.

Holding Units

The number of units in this tax lot.

Carry Value

 

The carry value of this tax lot.

Market Value

 

The market value of this tax lot.

Next FY Estimated Income

The estimated income for this tax lot in the next fiscal year. This calculation represents what an endowment might realize should there be no changes in the number of units held and no change in the payout rate.

This estimate is the result of the next fiscal year distribution amount times the number of holding units.

Remainder of FY Estimated Income

The estimated income for this tax lot in the rest of the current fiscal year. This calculation represents what an endowment might realize should there be no changes in the number of units held and no change in the payout rate.

This estimate is displayed only for current holdings at the tax lot level. The calculation takes into account the frequency of the payments for the security and the next payment date—factors that are tied to the type of security. Consequently, the calculation varies based on the class code type of the security.

Note: For more information on the calculations for each class code type, see KFS 4.0 Endowment System Calculations.

Some securities do not have an estimated income because the expected payout is not known (e.g., alternative investments, real estate, receivables, liabilities, etc). If the calculation cannot be made because the rate is zero, the estimated income is zero.

Current Accrual

The current accrued value of the lot.

Prior Accrual

The prior accrued value of the lot.

Last Transaction Date

The date of the last transaction for this lot.

More:

Holding Tax Lot Maintenance Document