In the Conversion of Position to Eagle STAR panel, which you can access from the Book Trade tool, you can add expected credit losses to the conversion event for debt security positions. To add expected credit losses to the conversion event, the position must be Long and the accounting basis' ECL Method must be:
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Option | Tag | Description |
|---|---|---|
Conversion Information Local | ||
Purchased Impaired | 16999 | Indicates whether the position is credit impaired. This field appears only for long fixed income positions that have an ECL Method field value of either Non-US Treatment with regulatory categories of FVOCI/AC or US Treatment with regulatory categories of AFS/HTM. 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 additionally specify a value for the Regulatory Intent field and the Expected Credit Loss Stage field. |
Regulatory Intent | 2921 | Indicates the regulatory intent for positions that have a regulatory category of AFS (Available for Sale). Options include:
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Expected Credit Loss Stage | 7100 | Identifies the Expected Credit Loss stage for use with IFRS. The stage tracks the credit quality status of financial instruments. 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? |
??? where is the base field?
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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