How do I enable corporate actions for my client's portfolio accounts?

Each individual client's portfolio account must first be set up to enable Corporate Actions before you can run Corporate Actions.

From the client's Xplan record:

1. Navigate to Portfolios > Admin > Cash & Accounts
2. In the Corporate Actions column choose how you would like the Corporate Actions to run for that Portfolio Account.

The options in the Corporate Actions dropdown allow you to choose what you would like the corporate actions to do with the income from the investments.

This is what each option will do:

1. Allow application – This enables full corporate action access to the portfolio account. When a Corporate Action is run it will create 2 linked transactions - one transaction against the investment holding showing and another balancing transaction against
   the default cash account. For example if a dividend is paid, one transaction will be added to the holding to show the income earned and (if the income is not being reinvested) a second transaction will be added to the default cash account for the amount of the
   distribution.
2. Deny application – This is the default option on all portfolio accounts. It blocks corporate actions from being run on the portfolio account. This options is normally used for datafeeds where corporate actions are provided as part of the datafeed.
3. Allow application, but deny income cash – When Corporate Actions are run, the income transaction will be created against the investment for reporting purposes but the cash transaction showing the deposit of cash in the default cash account will NOT be created. You might use this option if you are receiving a datafeed for the cash account so you do not need the Corporate Action to create the cash account transactions.
4. Allow application, but deny capital cash – When Corporate Actions are run, capital corporate action event (ie rights issues) creates the stock movement in the portfolio account but a linked cash transaction for payment or proceeds against the default
   cash account is NOT created. This will stop purchase or sale transactions from withdrawing or depositing funds into the default cash account but still allow dividend transaction to create the deposit transaction into the default cash account.
5. Allow application, but deny income and capital cash – This option allows the Corporate Action to create transaction on the investment holding but does not create any cash account transactions. You might use this option if you are receiving a datafeed for the cash account so you do not need the Corporate Action to crate the cash account transactions or you don't know what has happened to these funds so you do not want them to show up in the client's portfolio account.

Important information: Options 1, 3 and 4 will only create corresponding Cash transactions if you add/link a default cash account in the supplementary tab of the portfolio account details.