A.1.30.3 Equity Out Transfer Transaction
Equity Out Transfer monetary transaction is automatically posted by the system to transfer Equity from existing (old) account to new account created as part of trade.
Table A-57 Equity Out transaction parameters
| Transaction | Parameters |
|---|---|
| EQUITY OUT TRANSFER | TXN DATE |
| ACCOUNT NBR | |
| AMOUNT | |
| COMMENT | |
| TRADE TYPE |
On successfully posting the transaction, the Equity Out field is updated in Account Details >Trade Details screen and a comment is posted on the existing (old) account in the format ACCOUNT EQUITY OUT TRANSFERRED ON <DATE> TO ACCOUNT NUMBER<ACCOUNT NUMBER> WITH VALUE <VALUE>, < TRADE TYPE > AND <COMMENT>.
Parent topic: Trading of Accounts - Monetary Transactions