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When a floating rate security involves time sensitive or scheduled changes In Issue Viewer, you can define the earnings time periods for the scheduled changes using the SMF Earnings Time Periods panel. You can create use the Add, Change, Delete, and List SMF Earnings Timer Period panels to maintain earnings time periods for floating rate debt instruments that have a floating rate coupon type or an inverse floating rate coupon type. For example, you can create earnings time periods for securities with the following security master file (SMF) data elements that change on a scheduled date:
  • Underlying index (identified by underlying security information)
  • Index Offset
  • Day Count Basis
  • Coupon
  • Coupon Type Code
  • Payment Frequency
a security. 


Info

Accounting Center includes Issue Viewer, Eagle's legacy security master tool that allows you to perform a variety of security master related functions. Reference Data Center (RDC), which replaces Issue Viewer, along with other legacy data management tools, is Eagle's current and more powerful solution for centralizing and managing security reference data. Eagle recommends that you use RDC to set up and manage earnings time periods when you use Eagle Accounting, but continues to provide access to Issue Viewer while existing clients transition to RDC. 



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The effective date for changes to a security's underlying index or index offset starts on the reset date. The effective date for changes to the day count basis, coupon, coupon type, or payment frequency starts on the coupon date. If a security has multiple changes to its index and index offset that share the same coupon period, the earning's process treats each earnings time period as a quasi coupon period. The system adds each of the quasi accrual periods together to create the coupon for the entire coupon period.


Add SMF Earnings Time Period

To add an SMF earnings time period:

  1. In Accounting Center, in the left navigation pane, click Setup > Securities > Manage Securities > Issue Viewer.
    You see the Issue Viewer tool.
  2. In the left navigation, double click SMF Earning Time Period and Add SMF Earnings Time Period.
    You see the Add SMF Earnings Time Period panel.
  3. Complete the options on the Add SMF Earnings Time Period panel.
  4. Click Submit.

Change SMF Earnings Time Period

To change an SMF earnings time period:

  1. In Accounting Center, in the left navigation pane, click Setup > Securities > Manage Securities > Issue Viewer.
    You see the Issue Viewer tool.
  2. In the left navigation, double click SMF Earning Time Period and Change SMF Earnings Time Period.
    You see the Change SMF Earnings Time Period panel.
  3. Change the options on the Change SMF Earnings Time Period panel.
  4. Click Submit.

Delete SMF Earnings Time Period

To delete an SMF earnings time period:

  1. In Accounting Center, in the left navigation pane, click Setup > Securities > Manage Securities > Issue Viewer.
    You see the Issue Viewer tool.
  2. In the left navigation, double click SMF Earning Time Period and Delete SMF Earnings Time Period.
    You see the Delete SMF Earnings Time Period panel.
  3. Complete the options on the Delete SMF Earnings Time Period panel.
  4. Click Submit.