Module: WKN/ISIN-Wechsel
complete
M
Mario Watanabe
New WKN/ISIN are often used as part of share (reverse) splits, among other things.
Currently, only manual methods are available for recording such “raiders to Twix” events.
If you do not want to lose your history (FIFO, IZF, etc.), you must re-register all activities of the holding company in case of doubt.
With a long history or savings plans, this may involve a lot of manual work.
(Plus/Investor accounts make things a bit easier by exporting CVS, editing the file, and re-importing to Parqet.)
It would therefore be nice to have an input mask that makes it possible to carry out such a WKN/ISIN change.
This would require, for example, the following:
- Date of execution
- old WKN/ISIN
- new WKN/ISIN
- Exchange factor OLD to NEW
In this way, all activities could be carried out cleanly.
Only at the execution date would it be necessary to take into account what happens with fragments. Since normally only integer quantities of shares are actually posted under new WKN/ISIN.
Example: if 123 shares are converted to 12.3 shares at the end, 12 normally end up back in the portfolio under new WKN/ISIN, the rest remains under old WKN/ISIN, or are sold (which then also gives you a statement) or transferred to a remaining WKN (which in turn can also be posted simply through an activity in Parqet).
As an example, we will take the TUI 10-to-1 reverse split from 2023:
Step 1:
on: 24.02.2023/from: TUAG000/to: TUAG1T/Ratio: 10 to 1
Step 2:
on: 27.02.2023/from: TUAG1T/to: TUAG50/Ratio: (1 to 1)/Version: without decimal point.
Hope the idea is understandable. I'm looking forward to your feedback.
Greetings, Mario
P
Parqet Nutzer
I also have completely incorrect data in MULN's portfolio. There were several reverse splits here in 2023 and also ISIN changes and MULN are currently not tradable in Germany, but there is a value in the portfolio and in 2023 at the split, my portfolio will be completely out of control with +500,000, -.. Do you need data? Unfortunately I don't know how you could manually correct it either.
Björn Beier
marked this post as
abgeschlossen
Hey guys,
We have been carrying out these splits automatically for a few days now. More information about this in the FAQ: https://faq.parqet.com/article/97-zentral-verwaltete-wertpapierevents
The topic related to history is the next step, which we will then add.
H
Hermann
I think that's great. It is annoying when the entire history disappears due to an Isin exchange and, for example, the sum of the dividends is no longer correct. I'm already looking forward to it.
This not only happens with “simple” Isin changes but also with mergers...
I had shares in Terra Form. They were then made by Brookfield Ren. Partners took over and suddenly my nice performance was over together with the dividend history.
Philippe Grohrock
By the way, the same problem also applies to shares that are converted. For example, if you hold Air Liquide directly with the company for two years, the shares are converted into special shares eligible for bonuses. These follow the price of the main share 1:1, but entitle them to 10% more dividend and 10% more bonus shares in the case of bonus shares. But they have a different ISIN.
Björn Beier
marked this post as
in bearbeitung
We are currently working to ensure that this happens centrally with us, together with spin-offs and other capital market transactions.
S
Sven
Perhaps as a comment:
My expectation of this function would be that not only is it logged in and out, but that the entire history is transferred and that the price history (split corrected) is also available and therefore the performance is displayed correctly.
S
Sebi
Great idea,
The current split at Novo Nordisk shows that it's a lot of work.
Here is the link to the post: https://community.parqet.com/c/help/einbuchung-novo-nordisk-nach-aktiensplit-1-2
J
Jakob
A very nice idea that saves a lot of work. After all, an ISIN/WKN change happens more often than you think.
The MMn function could also be used as another advantage of a plus/ investor account, as one or the other is certainly willing to pay for so much convenience.