Leverage

Leverage represents accounts in which cash funds are borrowed for an agreed amount of time (Lombard, Loans, ..).

Negative interests are paid periodically at an agreed rate.

Debit amount may be increased or decreased during investment lifespan.

See Leverage for more information.

LeverageFund

The only additional attribute of a Leverage Fund is the interest rate (%).

LeverageSerie

Although LeverageFunds may have multiple series, e.g. to represent different tranches of a loan, generally only one is specified.

The additional attributes of a Leverage Serie are:

• the maturity date
• the yield (%)

All fund and series attributes are recorded for information purpouse, but are not used in any calculation.

Any metric (borrowed amount, exposure per custodian, etc...) is not specified by the user but computed dynamically from the transactions.

LeverageTransactions

Every Leverage transaction specify the settled amount in the price attribute, the quantity is fixed to 1. As usual also the corresponding custodian and trading/settlement dates are required.

The allowed directions are:

• Increase Debit: the amount is borrowed and added to the debit, the amount is deposited as cash in the custodian
• Decrease Debit: the amount is repaid and subtracted from the debit, the amount is withdrawn as cash from the custodian
• Interest positive: an interest amount is paid off. A positive amount is deposited in the custodian.
• Interest negative: an interest amount must be paid. A negative amount is withdrawn from the custodian.
• Commission: a commission is paid to the custodian.
• Tax: tax is paid to the custodian.

Only increase debit and decrease debit transactions contribute to the total debit amount.

Interests, commissions and taxes have no impact in the total debit amount but contribute to the fund return.

For all metrics details refer to leverage metrics.