Understanding Position and Allocation Details



At the top of an event’s Entitlements tab, you can see a position summary (1). This is the sum of all activity that has taken place that affects your total position. It is comprised of the total net position for each of the options.

 


Each option has its own summary – it appears in a table with a black heading (2). The fields in this summary table include:

 

 
Field Name
 
 
Meaning
 
 
Net Position
 
Calculated for each option. The sum of the net position for all options equals the Record Date Free Position in the Position Summary.
 
 
Net Fail Position
 
The difference between the fails to receive and the fails to deliver. This field will be blank unless there is a fail-to-settle scenario.
 
 
Record Date
 
The date on which this position was captured.
 
 
DTC Anticipated
Payable Date
 
 
The date on which DTC believes that this dividend will be payable.
 
DTC Cash Rate/
DTC Stock Rate
 
Depending on the option type, this field will display either the cash rate or the stock rate. This is how the client’s dividend is calculated: it is the rate that the issuer/agent provided to DTC based upon the client’s position holding.
 
 
Total Cash Due/Shares Disbursed
 
 
The projected dividend of this type to which the client is entitled. The net position multiplied by the cash/stock rate equals this number.
 
 
Allocated Amount
 
 
The dividend amount that has actually been paid out. This field is populated after the payouts under an option have been allocated. In this example, the cash due has been paid out.
 


You can view each option’s details by clicking on any white triangle (3) to open a table.

The Position table (4) is a breakdown of all activity that has contributed to the number in the Position Summary. To see the details about a specific activity, click on the link (5).

Below the Position table is the Payments information (6). This twisty is only viewable when the payout has been allocated. These two tables detail the payments that have been made based on the client’s position above. Each payout is numbered for reference.

In the above example, you can tell that the calculated cash dividend has been paid in full: 5.44 is due, and 5.44 has been allocated (7).