Maturing Security type?

Question

[Using Quicken Deluxe 2006 R4]On editing a security in Security List, the only types which have a MaturityDate field in the security editing dialog box are Bonds, CDs and US TreasuryBonds.In my FI, we are investing in new (to us) instruments called "notes", withmaturity dates, which function as market or equity indices, or are based ona currency basket or grouping of large cap equities.On reaching maturity (all dates being in the near - couple of years -future), the instruments turn into cash.1) How would you classify these (other that the three types mentioned above)and still somehow capture the maturity dates?2) Would you "force" these into one of the three types mentioned above justto have the maturity date recorded?3) ANYWAY, is the Maturity Date field "for info only" or does Quicken use itin some report and/or calculation?ThanksJay / Quicken Deluxe 2006 R4

danbrown · Accepted Answer

OK, let's start at the beginning.Are these "notes" equity instruments, or debt?What is the EXACT name of the instrument?You're going to need to provide MUCH more info before we can provideany assistance.db

Jay M Apple · Answer

"Notes" referred to in OP are Merrill Lynch unsecured debt securities with features of equity and debt instruments, called, generically, "Accelerated Return Notes" abbreviated as ARNs. These downloaded into Quicken as Stocktype Other and Asset Class Other and wind up on the Security List as Stock, Unclassified.

I had mentioned in original post that they "function" as market or equity indices, or are based on a currency basket or grouping of large cap equities. Actually, they reflect on maturity performance of the underlying grouping.

Some examples are:

ML&CO MITTS S&P [Ticker MLMT] Due 07 - S&P 500 MITTS ML & CO ARN NKY [Ticker MLN] Due 07 - Nikkei-based ML&CO ARN [Ticker PPE] Due 07 - Euro-linked ML&CO ARN PHLX [Ticker MPL] Due 07 - PHLX Housing Idx-based ML&CO. ARN NDX [Ticker ARQQ] Due 07 - NASDAQ 100-based

NOTE: All tickers resolve to "Merrill Lynch" when looking up quotes.

MAIN ISSUE OF ORIGINAL POST: How would you classify these so I don't wind up with some pie wedge listed as Unclassified?

danbrown · Answer

And WHY do you NOT want them to be "Unclassified"? They look pretty unclassified/non-specific/"all over the map" to me.

OR you can set/establish your own asset class mix via the "Security edit" -> Mixture -> Define dialog.

db

Maturing Security type?

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