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Bank account relationships allow you to associate multiple custody locations with a single entity. A custody location is the custody bank/custody bank account number grouping. If you use cash segregation, you must set up bank account relationships whether or not you plan to send transactions that contain a custody location and cash account number.

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Create Bank Account Relationships

In the Create Bank Account Relationship panel, you can associate a custodian bank with an entity. You can use bank account relationship data to match and reconcile holdings and/or for cash segregation.

If you are creating the bank account relationship for use with cash segregation, you can additionally use bank account relationships to associate a custodian bank with a group of entities in a composite.


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To create a bank account relationship:

  1. From any Eagle window, click the Eagle Navigator button to access the Eagle Navigator.
  2. Enter Create Bank Account Relationship in the Start Search text box.
  3. Click the Create Bank Account Relationship link to access the panel.
    You see the Create Bank Account Relationship panel.
  4. Complete the options on the Create Bank Account Relationship panel.
    If you want to add additional bank account relationships for the entity, use the pane that appears on the bottom of the Create Bank Account Relationship panel, as follows:
    –  Click the lower pane.
    –  Right-click and select Add Rows.
    –  Enter the number of rows you want to add in the Enter Rows Count dialog box and click OK. You need to add a row for each additional custodian bank you want to associate with the entity.
    –  Complete the fields on each row you added.
  5. Click Submit.

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Add Entity

Create Bank Account Relationship Panel Options

In the Add Entity Create Bank Account Relationship panel, when you add an entity a bank account relationship, you can select various options based on the requirements of your business. Note options may vary according to your selections. For add relationship, there is only one option.

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Add Relationship



Relationship Flag7001

Indicates whether the entity bank account relationship defines a relationship between an entity group and a custodian bank or defines a relationship between a single entity and a custodian bank. Options include:

  • Shared Across Entities. Identifies an entity a bank account relationship between a group of entities and a custodian bank. The entities are multiple portfolios (entity type of PORT) associated with a composite (entity type of COMP).
  • Not Shared Across Entities. Identifies an entity a bank account relationship between a single entity with an entity type of Portfolio (PORT) and a custodian bank.

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Entity Information



Entity ID1163Specifies the identifier of the entity or entity group you want to associate with a custodian bank.
Entity Name1164Specifies the abbreviated name for the entity you want to associate with a custodian bank.

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Relationship Details



DTC Bank ID10671Specifies the Depository Trust and Clearing Corporation's (DTCC) unique bank identifier. The maximum length is 30 characters.
Interested Party ID10672Specifies the unique identifier of the interested party. The maximum length is 30 characters.
Interested Party Account10673Specifies the interested party account. The maximum length is 30 characters.
Interested Party ID 211791Specifies the unique identifier of a second interested party. You can store a second instance of an interested party for trade matching purposes. The maximum length is 30 characters.
Interested Party Account 211792Specifies the second interested party account.
Custody Bank Code1176Specifies the code value, or short name, used to identify the custodian bank holding the assets. You can set up values for the Custody Bank Code field using the Add Code Value panel for code category Custodian Bank and source Eagle PACE.
Custody Bank Name1177Specifies the name of the custodian bank associated with the selected custody bank code.
Custody Bank Account Number1660Specifies the custodian bank account number for the entity that is held in custody.
Custody Bank Sub Account Type1661Specifies the sub account type assigned by the custodian bank. If you are adding an entity a bank account relationship for cash segregation, this field is hidden. Options include:
  • Cash. A cash sub account.
  • Short. A short position sub account.
  • Margin. A margin sub account.
  • Non-Security. A non-security sub account.
  • Other. A user-defined sub account.
  • Conversion. A conversion sub account.
Bank Account Status1662Identifies the custodian bank account as active or inactive. Options include:
  • Active. Default. The account is active.
  • Inactive. The account is inactive. If you use cash segregation, inactive relationships are not available for use in transaction processing and are not considered valid relationships.
Restricted12861
 (For Future Use) Indicates whether the entity bank account relationship is restricted. A restricted account can accrue interest but is not used for investment purposes, that is, to settle trades. You identify restricted accounts when you accrue interest on cash balances for segregated positions. The system uses this option for reporting purposes. Options include:
  • Yes. The cash account can accrue interest and is not used to settle trades.
  • No. Default. The cash account can accrue interest and is used to settle trades.
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Writer's Note: TONY: is this available yet and ready for review? Use w Cash Projection Viewer enhancement.


Custody Bank Account Name1617Specifies the name of the custodian bank account.
Primary Contact9962Specifies the name of the person who should be contacted regarding the entity bank account relationship.
Phone9963Specifies the phone number of the primary contact.
Fax 9965Specifies the fax number of the primary contact.
Settlement Method680Specifies the method of settlement.
User Date 1 - 21663 - 1664Specifies two user defined dates.
User Field 1 - 21665- 1666Specifies two user defined fields up to 10 characters.
User Float 1 - 21667 - 1668Specifies two user defined fields with a float format.

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Delete

Entity

Bank Account Relationships

In the Delete Entity Bank Account Relationship panel, you can delete an entity a bank account relationship that associates a custodian bank with an entity. You can use entity bank account relationship data to match and reconcile holdings and/or for cash segregation.

Info

Be aware that when you delete an entity a bank account relationship, the system additionally deletes all cash account relationships that share the same bank alias. The system also deletes all cash accounts that share the same bank alias and cash account alias with the cash account relationship.