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• The contract as well as the pay and receive legs will have their own Security Aliases
• All three records share the same Primary Asset ID
• Payment Frequency: set to At Maturity (MAT)
• Stopping accruals on FRA legs: to keep the legs of an FRA from accruing, use Add Debt Default Period/Inhibit Earnings
  • Both legs of an FRA can be marked to not accrue, with appropriate Comments added
  • This will stop the legs from accruing even past Dated Date/Settlement Date
  • Default Start Date must be set to Issue Date of the FRA

Trade Processing

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Eagle has a core set of accounting reports that can be used to review IRS FRA and other security information. These are designed to support the daily operational workflow for business users, allowing Grid Reports to be easily exported to Excel and customized to provide additional details as needed. Advanced Reports are intended to be client-facing and do not provide the same level of customization.

IRSs FRAs are displayed as three separate rows. The contract and legs are intended to be displayed together, but may be broken into different areas depending on the report's groupings (long/short, for example).

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