If the vendor or issuer provides an update to a Released status factor for an MBS security, you can perform the following processing tasks to revise a factor:
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To cancel a corporate action announcementfor a released factor:
- In Reference Data Center, in the left navigation pane, click Reference Desk > Corporate Actions > Maintain > Set Up Cancel Corporate Action Announcement.
You see the Set Up Cancel Corporate Action Announcement panel. - In the Entry Panel tab, enter the query criteria in the Corporate Action table to identify the corporate action for the released factor you want to cancel.
- Click Submit.
You see the corporate action announcements that met your criteria in the Show All tab. - Select each corporate action announcement that you want to cancel so that a check mark appears in the Select column for that row, and then click Create Cancel Corporate Action Record.
You see each corporate action announcement you selected in the Action Entry Panel tab. - Click Submit.
Eagle Accounting creates a cancel record for the corporate action. That is, Eagle Accounting sets up a cancel record for the previously established released factor. - In Accounting Center, in the left navigation pane, click Processing and Exceptions > Global Processes > Corporate Actions > Cancel Global Corporate Action Announcements.
You see the Cancel Global Corporate Action Announcements panel. You can use the Global Cancel corporate action process to cancel all previously processed paydowns for the Effective Date of the factor, for all entities holding that security. The cancelling of the paydown transaction causes earnings to rollback and replay with the new current face.
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The following figure shows the Factor Processing panel.
