Example B illustrates the Daily Life-to-Date Calculation, the first Eagle Accounting processing principle. It continues with the same scenario described in Example A : - Daily Life-to-Date Calculation.

You purchase the security described in the following table into the entity TaxDemo2 with a Trade Date and Settle Date of 20140401; Par is 1,000,000 and interest has been accrued for 4 days.

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You change the Coupon Rate from 5% to 6%, Effective Date on 20140406, then accrue to 20140406.

Results

Eagle Accounting now calculates the period interest with 6% coupon instead of 5%, and the results of the change occur on 20140406.

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