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Re: Muliple currencies & bank accounts per share[ Message Board ] [ Archives ] [ Search ] Posted by Mark on January 26, 2006 at 09:55:25:In Reply to: Re: Muliple currencies & bank accounts per share posted by Paul King on January 26, 2006 at 06:19:32: Hi Paul, I'm not sure I'm following the problem... : Also, need to ensure than when this holding is sold, that the second subportfolio required to handle recieving dividends also automatically knows that shareholding is sold - even when sale proceeds go to first subportfolio currency Every investment keeps track of its own purchases and sells. Are you saying you'll have multiple subportfolios, one for each holding of a security in each currency? This seems fine. Why does one subportfolio need to know/care if that investment was sold in another currency? : to elaborate further with an example - a share purchased & sold in one curency can only recieve its dividends (& be taxed) in another currency. Do you mean you're buying and selling in one currency, but actually receive dividends in a different currency for the same holding? I am not familiar with this, I've only ever heard of all transactions being seen by the customer in one currency. The security may pay out in one currency, but the broker would exchange that into the same currency that you buy and sell it in. No? The intended operation is to assign a particular investment to a single currency. All transactions for that particular investment should be recorded in that currency. If you follow this rule for all your investments, everything else will be taken care of properly by Fund Manager. If you have a situation where for some reason you can't assign an investment to a single currency, then I could see that being a problem. I've not run into this scenario before though. Thanks,
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