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About Bypassing Accounting Processing for TBA Allocations

About Bypassing Accounting Processing for TBA Allocations

You can bypass specific types of accounting processing during rollback and replay in order to improve system performance for TBA allocations. Backdated trade processing, specifically with mortgage-backed type positions such as TBAs, can take a significant amount of time to process due to the amount of rollback/replay. The backdated activity can often take several hours to complete, which not only takes a significant amount of system resources to process but can delay other client-related activity as well. TBA allocations, for example, can lead to hundreds of backdated trades that rollback and replay months of earnings and paydowns for every transaction. Instead of doing rollback/replay after every trade, Eagle Accounting allows you to perform that rollback and replay once, after all activity has been posted.

Set Up Bypass of Accounting Processing

You can set the Bypass Earnings Replay (tag 11793) option to a value of A on transactions to have Eagle Accounting bypass the earnings replay during the rollback/replay process. This tag is appended onto all transaction activity. The rollback still occurs, but no income or trades replay ensues, which significantly improves system performance while posting backdated transaction activity. This setting is used mainly during TBA allocation, because the trade activity involved many backdated trades which rolled back earnings and factors each time during every trade. 

When you set the Bypass Earnings Replay (tag 11793) option to a value of A, during transaction processing, the system bypasses the following accounting functions in addition to earnings:

• OpenWashSaleAdj
• CloseWashSaleAdj
• accrueMaster
• LedgerPosting_Generate_DRCR
• supplementEventWithEarnProperty
• ledgerPeriodForwardBackward
• calcVariationMargin
• CalculateYield
• CalcTradedInterest
• setConvBond
• supplementEventWithYieldProperty
• LedgerPosting_Generate_DRCR_ByRow
• CalcTipsIndexRatio
• GetPaydownGainloss
• SetIncomeRecognitionTag

Not included in this list is the write cursor to the STAR to PACE Delta trigger log. The system also bypasses this log to increase processing speeds. After you run the REACCRUE event, the system populates the STAR to PACE Delta trigger log and subsequently updates the Eagle data warehouse.

Reaccrue after Bypassing Earnings Processing

Instead of doing rollback/replay after every trade, Eagle Accounting allows you to perform that rollback and replay once, after all activity has been posted.

To reaccrue after bypassing earnings processing:

1. From any Eagle window, click the Eagle Navigator button to access the Eagle Navigator.. 
2. Enter Global Process Center in the Start Search text box.

3. Click the Global Process Center link to access the Global Process Center.

   You see the Global Process Center.

4. Open the Earnings folder in the left navigation pane and select Reaccrue for Earnings Bypass.
   You see the Reaccrue for Earnings Bypass panel.
5. Complete the options on the Reaccrue for Earnings Bypass panel. 
6. Click Submit.

Reaccrue for Earnings Bypass Panel Options

In the Reaccrue for Earnings panel, you can manually rollback and replay the earning process after bypassing the earnings process, along with additional accounting functions. The options may vary according to your selections.

Accrue

For accrue information, there is only one option, Select Query Option (tag 2283). This option determines how to apply the global processing, as follows:

• One Entity/One Security
• One Entity/All Securities
• All Entities/One Security
• All Entities/All Securities

Entity Information

The following are the options for entity information:

• Entity ID (tag 1163). Specifies the identifier of the entity. It appears when you select One Entity/One Security or One Entity All Securities in the Select Query Option field.
• Entity Name (tag 1164). Specifies the name of the entity. It appears when you select One Entity/One Security or One Entity All Securities in the Select Query Option field.

Security Information

The following are the options for security information:

• Asset ID Type (tag 1432). Specifies the asset identifier type for the security. It appears when you select One Entity/One Security or All Entities/One Security in the Select Query Option field.
• Asset ID (tag 364). Specifies the asset identifier for the security. It appears when you select One Entity/One Security or All Entities/One Security in the Select Query Option field.
• Issue Name (tag 961). Specifies the name of the security. It appears when you select One Entity/One Security or All Entities/One Security in the Select Query Option field.
• Earnings Catch-up Flag (tag 512).Specifies  Options include:
  –  Yes. Default. 
  –  No. 

Access Eagle Centers via Recent Links

To access Eagle centers via recent links:

1. From any Eagle window, click the Eagle Navigator button to access the Eagle Navigator.
   You see the Eagle Navigator dialog box with links to the most recently accessed centers and components.
2. Click the recent link to launch the center in a new window (default). To launch the center in the same window, right click the link and select Open in Same Window.
3. To exit an Eagle center, click the Eagle Navigator button, hover over the Sign Out button, and click Close for the appropriate center.

Access Eagle Centers via Shortcut Links

To access Eagle centers via shortcut links:

1. From any Eagle window, click the Eagle Navigator button to access the Eagle Navigator.
2. Click All Programs to select a center or a component.
3. Right click the link and select Add shortcut.
   The shortcut is added to the Eagle Navigator dialog box. Click Removeshortcut to remove the shortcut you created.
4. Click the shortcut to launch the center in a new window (default). To launch the center in the same window, right click the link and select Open in Same Window.
5. To exit an Eagle center, click the Eagle Navigator button, hover over the Sign Out button, and click Close for the appropriate center.