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Original Cost/Share
Original Cost/Share allows you to provide an original cost per share for a security if the original cost per share wasn't provided. This is not needed for traded securities, but may be necessary for non-traded securities in your clients' accounts. However, this is an uncommon scenario.
This is a global setting and, if set, will apply to every account holding that security.
You can set one of these options:
Current system priceTamarac Trading will consider the original cost per share to be the current price of the security on the system.
CustomTamarac Trading will consider the original cost per share to be the custom price you enter in this box.
The Default original cost per share to the current system price if the cost per share is not provided option is a system setting that affects the way Tamarac Trading views original cost per share when it's not specified.
When selected, the default original cost per share on a security will be the current system price if you've not provided an original cost per share. If you choose this option, you won't see a gain/loss for the security because the cost basis will be set to the current system price.
When cleared, the original cost per share on a security will be $0.01 if you've not provided an original cost per share. If you choose this option, you will see a dramatic change in gains as the cost basis is set to a penny.
For more information, see Security Mapping.
For more information about maintaining securities, see Maintain Securities.
For more information about using securities, see Learn More About Assets, Liabilities, Securities, and Categories.