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In Eagle, Perpetual Bonds should be set up the same way as long-dated corporate or government debt. Key fields are noted below.

  • Processing Security Type (3931) = DBIBFD (Interest Bearing Debt Instrument)

  • Amortization Accretion Rule Type (12008): this can be used to specify an amortization rule specifically for Perpetual Bonds at a level above an individual security, but below Processing Security Type

  • Payment Frequency (472): stated coupon frequency

  • Maturity Date (38): set far out in the future, such as 2099

    • The day and month should align with the coupon schedule (if coupons are paid semiannually on April 1st and October 1st, Maturity Date should be 4/1/2099 or 10/1/2099)