# AlternativeInvestment
An alternative investment is a financial asset that does not fall into one of the conventional investment categories.
## Example Usage
```typescript
import { AlternativeInvestment } from "@apexfintechsolutions/ascend-sdk/models/components";
let value: AlternativeInvestment = {};
```
## Fields
| Field | Type | Required | Description | Example |
| -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| `assetId` | *string* | :heavy_minus_sign: | The ID of the alternative asset specified in the request. | 123 |
| `cashDistributionAllowed` | *boolean* | :heavy_minus_sign: | Indicates whether the asset allows cash distributions. If `TRUE` the alternative order request can specify `CASH` as the `distribution type`. | true |
| `currentPrice` | [components.CurrentPrice](../../models/components/currentprice.md) | :heavy_minus_sign: | The current price of one unit of the asset in USD. | {
"value": "10.00"
} |
| `cusip` | *string* | :heavy_minus_sign: | The CUSIP of the asset. It is a nine-character alphanumeric identifier used to uniquely identify securities, particularly in the United States and Canada.
A true CUSIP consists of: - A six-character identifier for the issuer (company, municipality, etc.). - A two-character identifier for the type of security (equity, debt, etc.) and the specific issue within the issuer. - A single check digit.
Many alternative investments assets do not have a true CUSIP. In such cases, the system generates a synthetic CUSIP when the asset is created. | ALT000507 |
| `description` | *string* | :heavy_minus_sign: | A plain-text description of the asset, specified by the issuer. | Lorem ipsum dolor sit amet |
| `dividendEnabled` | *boolean* | :heavy_minus_sign: | Indicates whether the asset distributes a dividend. | false |
| `initialSubscriptionAllowed` | *boolean* | :heavy_minus_sign: | Indicates whether the asset allows initial subscriptions to new investors. | true |
| `isin` | *string* | :heavy_minus_sign: | The ISIN of the asset. It is a twelve-character alphanumeric code used to uniquely identify a security globally, as well as facilitate clearing, reporting, and settlement of trades defined by [ISO 6166](https://en.wikipedia.org/wiki/International_Securities_Identification_Number).
An ISIN consists of: - A two-letter country code. - A nine-character alphanumeric security identifier (National Securities Identifying Number or NSIN). - A single check digit.
Not all alternative investment assets have an ISIN. | USALT0005070 |
| `issuer` | [components.Issuer](../../models/components/issuer.md) | :heavy_minus_sign: | The issuer entity of the alternative investment asset. | |
| `issuingRegionCode` | *string* | :heavy_minus_sign: | The Unicode CLDR region code of the issuing region (ex: US). | US |
| `maximumSubscriptionQuantity` | *number* | :heavy_minus_sign: | The maximum number of shares allowed to purchase in a single order for this asset. | 10000 |
| `minimumInitialSubscriptionAmount` | [components.MinimumInitialSubscriptionAmount](../../models/components/minimuminitialsubscriptionamount.md) | :heavy_minus_sign: | The minimum purchase amount required for an initial order of this asset. Value is in USD. | {
"value": "1000.00"
} |
| `minimumSubscriptionQuantity` | *number* | :heavy_minus_sign: | The minimum number of shares allowed to purchase in a single order for this asset. | 1000 |
| `minimumSubsequentSubscriptionAmount` | [components.MinimumSubsequentSubscriptionAmount](../../models/components/minimumsubsequentsubscriptionamount.md) | :heavy_minus_sign: | The minimum purchase amount required for subsequent orders of this asset. Value is in USD. | {
"value": "10000.00"
} |
| `name` | *string* | :heavy_minus_sign: | The system-generated resource name of the alternative investment asset. Format: assets/{asset}/alternativeInvestment Note that `{asset}` will be the `asset_id` value. | assets/123/alternativeInvestment |
| `nonRetirementEligible` | *boolean* | :heavy_minus_sign: | Indicates whether non-retirement accounts (ex: individual) are eligible to hold the alternative investment asset. - If `TRUE` then non-retirement accounts are eligible to hold the asset. - If `FALSE` then non-retirement accounts are not eligible to hold the asset. | true |
| `perShareFeeAmount` | [components.PerShareFeeAmount](../../models/components/persharefeeamount.md) | :heavy_minus_sign: | The fee amount charged per share of the Alternative Investment in USD. This is included in current price. | {
"value": "0.50"
} |
| `preIpoCompanyId` | *string* | :heavy_minus_sign: | The ID of the Pre IPO Company associated with the Alternative Investment. Not all Alternative Investments are associated with a Pre IPO Company. | 3fa85f64-5717-4562-b3fc-2c963f66afa6 |
| `recordState` | [components.RecordState](../../models/components/recordstate.md) | :heavy_minus_sign: | Indicates the current state of the asset record. The record state identifies which record types the asset allows. | ACTIVE |
| `redeemable` | *boolean* | :heavy_minus_sign: | Indicates whether the asset is allowed to be redeemed. | false |
| `redemptionFrequency` | [components.RedemptionFrequency](../../models/components/redemptionfrequency.md) | :heavy_minus_sign: | Indicates how frequently an account can redeem the asset. | FREQUENCY_UNSPECIFIED |
| `reinvestmentDistributionAllowed` | *boolean* | :heavy_minus_sign: | Indicates whether the asset allows reinvestment distributions.
If `TRUE` the alternative order request can specify `REINVESTMENT` as the `distribution type`. | true |
| `retirementEligible` | *boolean* | :heavy_minus_sign: | Indicates whether retirement accounts (ex: IRA) are eligible to hold the asset. - If `TRUE` then retirement accounts are eligible to hold the asset. - If `FALSE` then retirement accounts are not eligible to hold the asset. | false |
| `shareClass` | *string* | :heavy_minus_sign: | The asset’s designated share class. | Series A |
| `state` | [components.AlternativeInvestmentState](../../models/components/alternativeinvestmentstate.md) | :heavy_minus_sign: | The asset’s state in the Apex alternative investment platform. | OPEN |
| `strategy` | [components.Strategy](../../models/components/strategy.md) | :heavy_minus_sign: | The asset’s strategy as specified by the issuer. | OTHER |
| `subscriptionFrequency` | [components.SubscriptionFrequency](../../models/components/subscriptionfrequency.md) | :heavy_minus_sign: | Indicates how frequently the asset will accept subscriptions (that is, how often an account is allowed to buy the asset). | MONTHLY |
| `subscriptionOrderProcess` | [components.SubscriptionOrderProcess](../../models/components/subscriptionorderprocess.md) | :heavy_minus_sign: | The process used for subscriptions orders of this asset. | ESCROW_TRADE |
| `subsequentSubscriptionAllowed` | *boolean* | :heavy_minus_sign: | Indicates whether the asset allows subsequent purchase orders for existing investors. | false |
| `taxReportingStructure` | [components.TaxReportingStructure](../../models/components/taxreportingstructure.md) | :heavy_minus_sign: | The asset’s tax reporting structure. | TAX_REPORTING_STRUCTURE_K1 |
| `title` | *string* | :heavy_minus_sign: | The name of the asset, in plain text, as specified by the issuer. | ABC Series 1 LLC |
| `type` | [components.AlternativeInvestmentType](../../models/components/alternativeinvestmenttype.md) | :heavy_minus_sign: | The type of alternative investment asset. | PRIVATE_EQUITY_FUND |