In the Conversion of Position to Eagle STAR panel, which you can access from the Book Trade tool, you can process conversion transactions that reflect group-level Expected Credit Losses for fixed income positions that are Long. These fields are displayed only for fixed income positions that have an ECL Method field value of Non-US Treatment with regulatory categories of FVOCI/AC or an ECL Method field value of US Treatment with regulatory categories of AFS/HTM. Otherwise, these fields are hidden.
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Option | Tag | Description |
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Conversion Information Local | ||
Purchased Impaired | 16999 | Indicates whether the position is credit impaired. Options include:
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Expected Credit Loss Local | 16990 | Specifies the value of the local Expected Credit Loss allowance. If you specify a value, you must additionall yspecify additionally specify a value for the Regulatory Intent field and the Expected Credit Loss Stage field. |
Regulatory Intent | 2921 | Indicates the regulatory intent associated with positions that have a regulatory category of AFS (Available for Sale). You must specify a value if you enter a value for the Expected Credit Loss Local field. Options include:
???? |
Expected Credit Loss Stage | 7100 | Identifies the Expected Credit Loss stage. You must specify a value if you enter a value for the Expected Credit Loss Local field or if you set the Purchased Impaired option to Yes. Options include:
??? This says IFRS only. Does that mean applies only to positions that use an ECL Method field value of Non-US Treatment or say only IFRS? |
For conversion transactions on IFRS accounting bases, Eagle accounting rules and posting matrix post ECL ledger entries to Accumulated Undistributed Income and Accumulated Allowance For ECL.
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