WRITERS NOTE: discuss to better explain the override process. Is it overriding a system-calculated factor? Accrual factors represent the period-to-date factor for a given effective date. The system (THE EARNINGS PROCESS?) can use this factor to calculate the accrual ptd for a holding. For example, an accrual factor with an effective date of January 9 would include all the interest up to and including January 8. The system multiplies the accrual factor by the position’s current quantity and price multiplier to determine the ptd accrual value. Eagle clients can supply accrual factors directly, and can load accrual factors from a third party source.
The following examples show how to calculate the system calculates accrual factors and show describe how you can use accrual factors to override current earnings calculations.
Accrual Factor Fixed Rate Example
Coupon: 5%
Day Count: 30/360
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