In Eagle's Accounting solution, various global process events generate secondary events, or loopbacks. For example, when processing a corporate action, the system first performs a query to determine which entities and securities are eligible for a given corporate action process based on the date range you entered. The query is considered the initial event. The secondary event, or loopback, is the actual processing of the corporate action based on the query results from the initial event.
Each time a loopback is created, the accounting engine writes a record to the ESTAR_LOOPBACK_EVENTS table. When the engine is finished processing the loopback, the record is updated. The Global Process Center looks to this table to determine whether the engine has finished processing an event. The toolbar displays a number of selections where you can query and review processed or pending jobs.
The following are key options on the Global Process Center toolbar: ■
- Last 24 Hours. Displays metrics for jobs that have been processed and rejected in the last 24 hours.
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- LoopBacks. Displays the status of each submitted and processed job for the current system date.
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- LoopBacks Details. Displays account and security detail for each submitted and processed job for the current system date.
You can also view loopback details by clicking the specific global job. The detail from the STAR to PACE Batch job (Event Type = ADDMSTARPOS) is shown below in the bottom pane.
While a loopback is being processed, it is assigned a pending status 
. It may be in a pending status for less than a second or much longer, depending on the environment and other engine activity. When processing is completed, the loopback is assigned a Processed status 
or a Rejected status 
.
If the event is successfully processed, you can use the Position Viewer tool and Eagle reports to validate the accounting results. If the loopback has failed, you can view rejection details in the Workflow Manager in Automation Center and resolve any issues. After resolving the issues, you may need to resubmit the event.