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By taking this approach, the Eagle Accounting earnings process always brings the security earnings values in line; this is of particular importance when the data used to process and create fixed income earnings values changes during the coupon period.
For example, if:
The security master record was created with an incorrect Payment Frequency, or
A backdated variable rate was entered for a prior date in the coupon period,
An amortization or tax withholding rule became effective, or
You made a change to an entity election such as tax reclaim processing, which was not set up at the time of the prior earn thru date,
then, Eagle Accounting uses these values in the calculation of earnings to bring the position in line the next time earnings are run. Thus it correctly reflects the current coupon period reference information without user intervention.
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