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Eagle provides built-in functionality for the valuation and calculation of trade level and security level analytics for fixed income and derivatives securities, under a licensing agreement to use the FINCAD® Analytics Suite within Eagle's existing rules-based architecture. You can enable FINCAD functions by using the Migration Wizard to import prebuilt calculations and parameter definitions for an initial set of functions.
The main features include: ■ Pre
- Pre-configured install to reduce time to benefit
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- Rules-driven design to support fine tuning of analytics
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- Eagle's clean reference data used to calculate all information
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- FINCAD leveraged for calculations of new instruments
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- Client control over which functions to use
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- New functions enabled without software changes
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- Excellence in data governance – all data stays within the Eagle application
Eagle Analytics uses rules based architecture with configurable, proprietary elements, such as calculation rules, calculations, functions, and input/output parameters. The following figure shows the component architecture at a high level.
The key elements within the Eagle Analytics architecture are listed below.
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You can view and edit Eagle Analytics functions, including the calculation name, description, and the FINCAD analytics function used. You can override input arguments used with these calculations and output arguments assigned to calculation results. Eagle recommends that you do not apply changes directly to the original analytics functions and edit only copies of these functions, to preserve the integrity of the Eagle Analytics migration package.
To view and edit an analytics function: 1. From
- From the Setup workspace, click FINCAD Functions in the left navigation.
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- You see the FINCAD Functions workspace with the list of available analytics functions.
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- Scroll down to the analytics function you wish to view or edit.
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- On the toolbar, click Edit.
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- You see the Editing Function Definition dialog box.
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- Review and edit the information you wish to change.
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- Options include:
– Name
– Description
– Enabled check box
– Commit Source
– Source Rule
– Analytics Type, such as Security Level, Cash flow, or Trade Level
– Include Pricing Center Demand check box
– Fail Rule when 0 Securities Processed check box
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- Click Next.
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- You see the Editing Function Input dialog box.
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- Options include:
– Security. This required option filters the securities to process.
– Entity Criteria. This option filters the entities to process by As Of Date and Entity ID.
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- Review and edit the input information you wish to change and click Next.
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- You see the Editing Function Output dialog box.
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- Review and edit the output information you wish to change and click Save.
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NOTE: Eagle recommends that you change only copies of Eagle analytics functions, to preserve the integrity of the initial Eagle migration package.
To copy the imported analyticsfunction to a new filename: 1. From
- From the Setup workspace, click FINCAD Functions in the left navigation.
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- You see the FINCAD Functions workspace with the list of available analytics functions.
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- Scroll down to the analytics function you wish to duplicate.
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- On the toolbar, click Duplicate.
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- You see the Duplicate dialog box.
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- Enter a new function name and click OK.
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- You see a message that the analytics function has copied successfully.
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- Click OK to return to the FINCAD Functions workspace.
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- You see the refreshed list of available analytics functions.
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Several industry standard calculations are available, including:
■ Price from yield
■ Yield from price
■ Price from yield curve
■ Fair value and yield for floating rate note (FRN) bonds
■ Price, yield, and analytics for callable bonds
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NOTE: Eagle recommends that you use calculation copies to preserve the integrity of the initial Eagle Analytics migration package.
To copy the calculation rule to a new filename: 1. From
- From the Setup workspace, click Calculations in the left navigation.
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- You see the Calculations workspace with the list of all available calculation rules.
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- Scroll down to the calculation rule you wish to duplicate.
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- On the toolbar, click Duplicate.
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- You see the Duplicate dialog box.
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- Enter a new rule name and click OK.
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- You see the refreshed list of available rules.
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To delete a calculation rule: 1. From
- From the Setup workspace, click Calculations in the left navigation.
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- You see the Calculations workspace with the list of all available calculation rules.
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- Scroll down to the calculation rule you wish to delete.
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- On the toolbar, click Delete.
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- You see a dialog box reconfirming that you want to delete this calculation rule.
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- Click Yes to delete the calculation rule, or click No to keep the rule.
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- You see the refreshed list of available rules.
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