Payment Area

The Payment twisty is displayed only if payments have occurred.

The number in parentheses next to the Payments label indicates the number of payments contained in the table. For example, “Payment (2)” indicates that you have two payments in this particular lottery.

You can have multiple payments for a number of reasons:

For partial calls, you can have payments on both the principal and the interest. Additionally, supplemental lotteries may be called for the same Event ID, which will result in additional payments.
For partial defeasances and partial pre-refundings, position is disbursed into two separate CUSIPS: one for the affected position and one for the unaffected position. Each disbursement to a unique CUSIP is recorded as a separate payment.

Payment Area for Partial Calls

Field Name	Definition
Payout Number	Number of the individual payout. For example, payout 1 is principal and payout 2 is interest. This is in line with the payouts specified in the Event Details tab.
Payout Type	The type of payout being made: Cash Dividends Principal Interest
Amount Allocated	Amount paid out for each separate payment.
DTC Allocation Date/Time	The date and time at which the allocation was made by DTC.
DTC Cash Rate	The rate of DTC’s cash payout.

Payments for Partial Defeasances

Field Name	Definition
Payout Number	Number of the individual payout. For example, payout 1 is the defeased amount and payout 2 is the non-defeased portion. This is in line with the payouts specified in the Event Details tab.
Payout Type	For partial defeasances, the payout type is always “Securities.”
Disbursed Amount	The amount that has been paid out in this particular security: either an amount that was disbursed into the defeased CUSIP or an amount that was moved to the non-defeased CUSIP.
Affected Position Date/Time	The date and time at which the position was affected by the partial defeasance.
DTC Security Rate	The rate that was used by DTC to determine the amount allocated.
CUSIP	The new security ID for the defeased or non-defeased portion of the position.
Type	Specifies whether the CUSIP represents the defeased or the non-defeased portion of the position.

Payments for Partial Pre-Refundings

Field Name	Definition
Payout Number	Number of the individual payout. For example, payout 1 is the refunded amount and payout 2 is the non-refunded portion. This is in line with the payouts specified in the Event Details tab.
Payout Type	For partial pre-refundings, the payout type is always “Securities.”
Disbursed Amount	The amount that has been paid out in this particular security: either an amount that was refunded into the new CUSIP with an earlier maturity date (refunded) or an amount that moves to a CUSIP with the original maturity date (non-refunded).
Affected Position Date/Time	The date and time at which the position was affected by the pre-refunding.
DTC Security Rate	The rate that was used by DTC to determine the amount allocated.
CUSIP	The security ID for the refunded (new maturity date) or non-refunded (original maturity date) portion of the position.
Type	Specifies whether the CUSIP represents the refunded or the non-refunded portion of the position.