Remaining Balance - The remaining balance is the amount that still needs to be amortized/accreted. You will find the exact calculations for Buy and Deliver-in transactions below.
Buys are calculated as Face Value - Cost - total to date Amortization/Accretion + Commissions/Fees.
Deliver-ins are calculated as Face Value - ( Price on Deliver-in [divided by] 100 x Par Value x Price Factor x Principal Factor(1) x Shares) - total to date Amortization/Accretion.
Price on Deliver-in [divided by] 100 x Par Value x Price Factor x Principal Factor(1) example:
Price on Deliver-in = $116.025
Par Value = 1
Price Factor = 1
Principal Factor = 1
Illustrated calculation: $116.025 / 100 x 1 x 1 x 1 = $1.1602
To find the Par Value, go to the Holdings Summary within the account, right-click on the security, and select Edit Security. the Par Value field is located under the Detail tab. The value here is usually 1 or 1000.
To find the Price Factor and Principal Factor fields, go to the Holdings Summary within the account, right-click on the security, and select Edit Security. Select the Price Information tab, click on Setup... to the right of Prices.
Look at the Price Factor column on the date of the Buy or Deliver-in transaction. The value is usually 1.
Look at the Principal Factor column on the date of the Buy or Deliver-in transaction.
(1) Principal Factor is only included when calculating for Mortgage-Backed Securities.