Buy with Initial Instalment

English Transactions
1

I need to enter some old Telstra transactions (TLS.ASX) like T1, T2, and T3 (2006), where you paid an initial instalment (e.g., $2.00 for T3) and a second one later ($1.60). It’s not quite a capital call, but a structured IPO with defaults if you skipped the final payment—trustee would sell the shares, you’d lose them, and might owe any shortfall. After the initial instalment standard shares received same income as normal shares.

How do you properly enter these?

  1. T1 (1997): Initial instalment: $1.95 (paid ~3 Nov 1997); second instalment: $1.35 (due ~13 Nov 1998). Total price: $3.30 per share.
  2. ​T2 (1999): Initial instalment: $4.50 (paid ~15 Oct 1999); final instalment: $2.90 (due ~2 Nov 2000). Total price: $7.40 per share.
  3. ​T3 (2006): Initial instalment: $2.00; final instalment: $1.60 (due by ~29 May 2008, prepayable at $1.30 discount). Total price: $3.60 per share (effective ~$3.46 with bonus shares).
2

Hey flywire,

I have no clue what you are talking about

3

From what I can tell this may be connected to the privatisation of Australian telecommunications provider, Telstra, which I quick Google informs was staged in several public share offers, T1, T2 and T3, in 1996, 1997 and 2006 respectively.

I didn’t acquire any of these shares nor am I an Australian citizen, and I have no knowledge how this may have been structured. By the sounds of it @flywire you went for the three share offers, which you had to pay for instalments.

As far as I can tell PP doesn’t cater for such instalments. Instead, how about aggregating the instalments in each share offer that you went for into a single BUY transaction? And potentially you could supplement this with a series of event records, comprising any pertinent details relating to the acquisition of each instalment….

4

Yes and no.

PP works fine with a buy zero shares transaction but the buy form doesn’t accept it. Enter any positive number of shares then edit the xml file to set the number of shares to zero:

        <portfolio-transaction id="79">
          <uuid>ab1eba48-f691-4961-9ed5-3ce334b8e97b</uuid>
          <date>1998-11-13T00:00</date>
          <currencyCode>AUD</currencyCode>
          <amount>135000</amount>
          <security reference="2"/>
          <crossEntry class="buysell" id="80">
            <portfolio reference="77"/>
            <portfolioTransaction reference="79"/>
            <account reference="4"/>
            <accountTransaction id="81">
              <uuid>913a1ca4-d83e-4c22-8a54-92c6616d6c90</uuid>
              <date>1998-11-13T00:00</date>
              <currencyCode>AUD</currencyCode>
              <amount>135000</amount>
              <security reference="2"/>
              <crossEntry class="buysell" reference="80"/>
              <shares>0</shares>
              <note>Second installment</note>
              <updatedAt>2026-01-23T05:28:01.107979700Z</updatedAt>
              <type>BUY</type>
            </accountTransaction>
          </crossEntry>
          <shares>0</shares>
          <note>Second installment</note>
          <updatedAt>2026-01-23T05:28:01.107979700Z</updatedAt>
          <type>BUY</type>
        </portfolio-transaction>`