When a customer holds a bond that reaches its maturity date, DriveWealth automatically processes the return of the bond's principal amount. This event is recorded as a transaction in the customer's account, reflecting the repayment of the bond's face value.
Maturity Event Details
Upon maturity of a bond, DriveWealth executes the following actions:
- Generates a transaction in the customer's account for the principal amount of the matured bond.
- Updates the account balance to reflect the returned principal.
- Closes out the bond position, reducing the holding quantity to zero.
{
"id": "event_a1acdf71-17d2-4e38-81ce-871a86374b40",
"type": "transactions.created",
"timestamp": "2024-04-05T19:25:14.711707573Z",
"payload": {
"accountID": "73b54qwe-55a1-43cb-9bb5-8ccc571e8ff1.1733350177233",
"accountNo": "JKLM000007",
"userID": "73qwerty-55a1-43cb-9bb5-8ccc571e8ff1",
"transaction": {
"accountAmount": 4000,
"accountBalance": 17046576.51,
"comment": "US912797NC79 - Maturity @ 100.00",
"finTranID": "MD.159d8a41-9bd1-461f-8068-1cb33cefc71f",
"wlpFinTranTypeID": "b293d057-d1c7-4a8f-a090-9cf5d5225a8d",
"finTranTypeID": "FIMAT",
"feeSec": 0,
"feeTaf": 0,
"feeBase": 0,
"feeXtraShares": 0,
"feeExchange": 0,
"instrument": {
"id": "12345568-98d5-4b57-83f3-50c014078a86",
"symbol": "US912797NC79",
"name": "United States Treasury Bills"
},
"fiMaturity": {
"accruedInterest": "0",
"tag": "fiMaturity",
"type": "FI_MATURITY"
}
}
}
}
The positions.updated event will be made for the removal of instrument that were previously held.
{
"id": "event_5d5a4a88-fc05-4d53-b0bf-27801ef028c9",
"type": "positions.updated",
"timestamp": "2023-08-02T07:02:31.949597191Z",
"payload": {
"accountID": "0dd1b08f-3668-440a-be18-131443d85a47.1551208006668",
"accountNo": "DWUV000073",
"userID": "0dd1b08f-3668-440a-be18-131443d85a47",
"updateReason": "FI_MATURITY",
"previous": {
"costBasis": 2700,
"openQty": 3,
"symbol": "US3456U123P0",
"avgPrice": 900.00
},
"current": {
"costBasis": 0,
"openQty": 0,
"symbol": "US3456U123P0"
}
}
}