Example reference data screens, trade screens, and reports are attached:

• Cryptocurrency Examples.xlsx

Entity Setup

Entities trading Cryptocurrencies do not require any special setup, but pricing and exchange rate sources must be considered.

• If you are using the securitization model, ensure your Long Price Source (1282) and Short Price Source (5422) reflect your desired Cryptocurrency pricing sources, as you will be loading the exchange rates as prices
• If you are using the cash model, ensure your FX Source (1344) and Valuation FX Source (11652) reflect your desired Cryptocurrency exchange rate sources

Reference Data

Storage & Configuration

Each Cryptocurrency security master file (SMF) is modeled as its own equity security (securitization model) or cash security (cash model).

Market Data

Exchange rates to various physical currencies are readily available for most major Cryptocurrencies. These rates must be loaded either as prices (securitization model) or FX rates (cash model) in Eagle Accounting.

Security Data

Cryptocurrency SMFs can be set up and maintained in Issue Viewer, Security Reference Manager (SRM), or Reference Data Center (RDC). The lists below capture all required fields.

Securitization Model

• Issue Name (961)
• Primary Asset ID (14) & Type (1432)
• Processing Security Type (3931) = EQCSCS (Common stock)
• Price Multiplier (18) = 1.00
• Quantity Scale (19) = 1.00
• Issue Country (1418)
• Asset Currency (85)
• Primary Exchange (17)

Cash Model

• Issue Name (961)
• Ticker (13): enter Cryptocurrency symbol, such as XBT for Bitcoin, XRP for Ripple, etc.
• Primary Asset ID (14): locked and concatenated to CASH + Ticker, such as CASHXBT or CASHXRP
• Primary Asset ID Type (1432) = CASH
• Processing Security Type (3931) = CRCRCR (Currency)
• Price Multiplier (18) = 1.00
• Quantity Scale (19) = 1.00
• Security Type (82) = CRNY (Cash)
• Issue Country (1418)
• ISO Currency Number (1442): enter a large, unique value such as 9999 because Cryptocurrencies are not official ISO currencies
  • You will receive an error on submission if the value is already in use, in which case you step it up or down one digit
• Currency Precision (1451): an unofficial list of Cryptocurrency precisions is available on Wikipedia

Trade Processing

Trades are entered using the Book Trade module once the entity and reference data have been configured. Enter the appropriate entity, security identifier, and trade (35)/settle dates (37) and click Submit to query for the security.

Securitization Model

 Right-click the Cryptocurrency security and select Open > Buy or ShortSell. The lists below capture all required fields to book a trade.

• Shares (40): quantity of the Cryptocurrency being purchased
• Price Per Share (45): exchange rate between Cryptocurrency and transaction currency at time of trade
• The following fields are available to capture trade fees and taxes:
  • Commission (47)
  • SEC Fee (48)
  • Tax Amount (46)
  • Stamp Duty Tax (51)
  • Other Fee (3752)
• Broker (88)

Cash Model

 Right-click the Cryptocurrency cash and select Book Foreign Exchange > Buy Currency - Spot Contract or Sell Currency - Spot Contract. The table below capture all required fields to book both a buy and sell of Cryptocurrency.