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To add a Mandatory PIK Bond Announcement paying in CASH:

  • Account PIKDEMO owns 1,000,000.00 of ITSA Limited.

  • On 20031220, ITSA Limited pays a full coupon based on a 12% Coupon Rate.

Create Payment in Kind Bond panel - Pay in CashImage Modified
In this example, Eagle Accounting creates a Receivable for the full coupon period (60,000.00 USD) when the PIK BOND corporate action is run on 20031219.
Cash Payment = (Cash Rate / Coupon Rate) * Total Coupon Due as of Coupon Date

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