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- Eagle Accounting ensures that a position's earnings values is correct life-to-date each day, based on the securities' period to date information (see the note that follows).
- Eagle Accounting provides the necessary processes to correct earnings values when reference data changed in prior coupon periods, or when you find cash flow assumptions are incorrect.
- Eagle Accounting processes fixed income earnings in the most efficient manner for speed in processing.
- Eagle Accounting meets the needs of users by providing ample flexibility to process and report on earnings of fixed income securities.
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Being correct with regards to earnings means calculating where each of the security earning pieces should be life-to-date each day, based on the security's current coupon period's reference, entity, and accounting basis information. Each day, Eagle Accounting calculates the life-to-date values for earnings and then subtracts the previous day's life-to-date number, to create the earn through date's daily delta. This ensures that Eagle Accounting is always correct about a position when running the earnings process. |