The following are the options in the Add Variable Rate panel when you add one or more variable rates for a security.
Option | Tag | Description |
|---|---|---|
Lookup Security | ||
Source Name | 3301 | Specifies the source interface. This field must match the value in the Variable Rate Source field (tag 3301) on the entity for the system to recognize that rate in the earnings process. If the source name does not match the entity's variable rate source, the system does not use the rate in the earnings process. |
Asset ID Type | 1432 | Specifies the primary asset identifier type for the security, such as CUSIP, ISIN, and SEDOL. |
Asset ID | 14 | Specifies the identification number for the security. |
Issue Name | 961 | Specifies the name of the security. You can select securities with processing security types eligible for fixed income. The security must have a coupon type of Floating, Variable Rate, Step Coupon, Unscheduled Variable Rate, or must be an Index. |
Coupon Type Code | 97 | Displays the specified coupon rate. |
Maturity Date | 38 | Displays the date the final principal payment is due on the security. |
Issue Date | 68 | Displays the date the security was issued. |
Dated Date | 1183 | Displays the dated date of the issue. |
Processing Security Type | 3931 | Specifies the processing security type. |
Variable Rates | ||
Effective Date | 1109 | Specifies the effective date of the variable rate. For an unscheduled variable rate coupon type, the effective date is also the coupon drop date. |
Variable Rate | 96 | Specifies the variable rate for the security record. |
Next Refix Date | 1125 | Determines the period remaining until the next adjustment of the interest rate for variable rate securities. The system uses this value to calculate days to maturity for variable rate securities in the Weighted Average Maturity (WAM) report. You can use the Add Report Override panel to apply a refix override for a security or security/entity combination that influences the report. |
Schedule Period Types | 1123 | Specifies the frequency of the rate reset. It is used for reporting only. Options include:
|
Reset Day | 1121 | Hidden. User defined field. Used for reporting only. |
Cash Movement Flag | 3664 | Hidden. Determines if the date in the Variable Rate table is a coupon date for securities with unscheduled coupon types. If the field is set to Yes, Eagle Accounting creates a coupon for the date based on the prior date period to date accrual. |