In the Cancel ECL Adjustment panel, you can cancel any Expected Credit Loss (ECL) transaction. The panel allows you to query and cancel ECL transactions previously entered for an entity/basis. This allows you to eliminate incorrect transactions from Eagle Accounting. The ECL transactions can roll back and replay.
You can use this panel to cancel transactions for group-level ECL transaction adjustments entered throught the Book Collective panel as well as cancel asset-level ECL transaction adjustments entered through the Book Asset-Level panel.
WRITERS NOTE: assume the cancellation is basis-specific? should we say so? Can the basis you select affect multiple regulatory categories? Or is the lot making that filter?
To cancel an asset-level ECL lot adjustment transaction to debt security lots:
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Option | Tag | Description |
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Entity Information | ||
Entity ID | 1163 | Specifies the unique identifier of the entity you are cancelling. |
Entity Name | 1164 | Specifies the abbreviated name of the entity. |
Accounting Basis | 21 | Specifies the accounting basis of the entity you are cancelling. The system can cancel expected credit losses for lots with an Accounting Basis of IFRS or GAAP. |
Base Currency | 86 | Displays the base currency of the selected entity. |
Regulatory Category | 12387 | Displays the regulatory category associated with International Financial Reporting Standards (IFRS) associated with the selected entity/accounting basis. You can cancel expected credit losses for lots with regulatory categories of:
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ECL Method | 18053 | Displays the method that the system uses to process expected credit losses for the selected entity/accounting basis, as follows:
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Issue Information | ||
Query End Date | 221 | Specifies the end date for your results. The default is today's date. |
Event Type | 55 | Displays the business intent of the transaction. For example, CXL_ADJ_ECL_GROUP, CXL_ADJ_ECL_ASSET. |
Cross Reference ID | 1233 | Specifies the cross reference identifier associated with the security. |
Issue Name | 961 | Specifies the name of the security. |
Ticker | 13 | Specifies the system of letters used to uniquely identify the security. |
Cross Reference Type | 1234 | Specifies the cross reference type associated with the security. |
Instrument Type | 11 | Displays the security's investment type. For example, FI (fixed income). |
Security Type | 82 | Displays the type of security. |
Issue Currency | 85 | Displays the local currency of the security. |
Cancel Information | ||
Choose ECL Adjustment to Cancel | 962 | Allows you to select an ECL adjustment to cancel. The lookup displays a list of ECL adjustments that met your criteria. For each entry, you see a row with the columns, Fee Type, Sub Fee Type, Settle Date, Local Adjustment Amount. |
Cancel Effective Date | 35 | Displays the cancel effective date. |
Cancel Accounting Date | 36 | Specifies the cancel accounting date. |
Monthly Accounting Date | 4733 | Displays the cancel monthly accounting date. |
Target Event Type | 502 | Displays the target event type. For example, ADJ_ECL_GROUP, ADJ_ECL_ASSET. |
Target Event ID | 26 | Displays the target event ID. |
ECL Local | 16990 | Displays the value of the local Expected Credit Loss allowance. |
Local to Base FX Rate | 87 | Displays the foreign exchange rate used to calculate the Base Loss Allowance. This is the local to base exchange rate. |
ECL Base | 16991 | Displays the value of the base Expected Credit Loss allowance. The system uses the current local-to-base exchange rate to calculate the base allowance amount for ECL transactions where the security is foreign denominated. |
ECL Stage | 16988 | Displays the Expected Credit Loss stage. This field appears only for long fixed income positions that have an ECL Method field value of Non-US Treatment (IFRS) with regulatory categories of FVOCI/AC. Options include Stage 1, Stage 2, Stage 3. |
Regulatory Intent | 2921 | Displays the regulatory intent for lots that have a regulatory category of AFS (Available for Sale). This field appears only for long fixed income positions that have an ECL Method field value of US Treatment (GAAP) with a regulatory category of AFS. Options include Intent to Sell, Likely Required to Sell, Not LIkely Required to Sell. |
Other Information | ||
Transaction Notes | 56 | Contains user defined information about the cancel transaction. |
Sample Panel - Cancel Group-Level Transaction
In the following figure, you use the Cancel ECL Adjustment panel to cancel an ECL transaction entered for an entity/basis using the Book Collective panel. The entity type is CXL_ADJ_ECL_GROUP.
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Sample Panel - Cancel Asset-Level Transaction
In the following figure, you use the Cancel ECL Adjustment panel to cancel an ECL adjustment entered for an entity/basis and ssecurity using the Book Asset-Level panel. The entity type is CXL_ADJ_ECL_ASSET.
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