Changing Fractional Share Decimal Places

Chris Overstreet's Avatar

Chris Overstreet

06 Jun, 2021 04:39 PM

It looks like folks have been asking for a way to change the number of decimal places for a security's fractional shares for at least ten years (https://infinitekind.tenderapp.com/discussions/general-questions/2406-changing-partial-share-decimal-place and others). It doesn't appear that this has ever been addressed but, if it has, does anyone have the steps needed to make the change?

  1. 1 Posted by Stuart Beesley ... on 06 Jun, 2021 04:45 PM

    Stuart Beesley - JUST A FELLOW USER and Toolbox ‘guy’'s Avatar

    Nope. Not possible. This is because MD stores the number as a whole number. Thus 1.234 as 4dpc is stored as 1234. The dpc flag is used to tell MD where the point is. Thus to make this example 5dpc, it would need to be stored as 12340. Probably easiest to create a new security, move the txns over to that new one.

    (Not support, just a fellow user)

  2. System closed this discussion on 05 Sep, 2021 04:50 PM.

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