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In the Cash Balance Accrual Security panel,

In the Cash Balance Accrual Security panel, you can manually add and change a cash balance accrual security. 

A cash balance accrual security allows you to create an interest bearing asset that you can link to a cash account. It has a processing security type of Cash Balance Accrual Security (CRINTC). Cash balance accrual securities have their own type of Investment Type (tag 11) code value of Cash Accrual Security (CR), Cash balance accrual securities have fixed income attributes, including the coupon rate, day count basis, coupon type, and other parameters used to calculate and accrue income on a periodic, that is, daily, basis for the account. Thus you can set up fixed, variable rate, or floating rate assets. You typically set up a small number of these securities because different cash accounts often pay at the same rate and frequency, and can use the same security master record.

Info

This article assumes you are familiar with the entity elections made for processing cash balance accrual securities, along with general setup for cash segregation and accruing interest on cash balances.

Add Cash Balance Accrual Securities

To manually add a cash balance accrual security:

  1. In Accounting Center, in the left navigation pane, click Setup > Securities > Manage Securities > Issue Viewer.
    You see the Issue Viewer tool.
  2. Click Add, select Cash and Cash Balance Accrual Security.
    You see the Cash Balance Accrual Security panel.
  3. Complete the options on the Cash Balance Accrual Security panel.
    The following fields are required to set up an equity security: Issue Name, Primary Asset ID Type, Primary Asset ID, Processing Security Type, Issue Country Code, Asset Currency, Primary Exchange Code, Coupon, Coupon Type Code, Day Count Basis, Payment Frequency Code, First Coupon Date. 
  4. Click Submit.

If you set up a cash balance accrual security with a coupon type of floating rate, variable rate, or unscheduled variable rate, be sure to add related variable rates.


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Change Cash Balance Accrual Securities

Some fields, such as Processing Security Type and Asset Currency, are locked when you add a security master record so they cannot be changed.

Info

If you need to change a security master record, Eagle recommends canceling the security, making changes to the security master record, and rebooking the security.

Cash Balance Accrual Security Panel Options

The following are the options in the Cash Balance Accrual Security panel. Note options may vary according to your selections. 

) to identify the security's business calendar.
  • C (Calendar). Uses calendar days to identify reset look back days.
    • This

    Option

    Tag

    Description

    SRM Status Flag



    Release Status

    614

    Displays the release status of the Security Reference Manager (SRM) record. This field is null when adding a new security.

    Authorize Flag

    11742

    Flags records that have been authorized.

    Validation Process Flag

    4569

    Flags records that have been reviewed in the Security Reference Manager (SRM).

    Cash Balance Accrual Identification



    Issue Name

    961

    Specifies the name of the security.

    Issue Description

    962

    Describes the security.

    Ticker

    13

    Specifies the system of letters used to uniquely identify the security.

    CUSIP/SEDOL Check Digit Control Flag

    2292

    Indicates whether you want to generate or validate CUSIP and SEDOL numbers. Options include:

    • Generate Check Digit. Generates the remaining numbers if you enter part of the CUSIP or SEDOL number.
    • Validate Check Digit. Validates the CUSIP and SEDOL number you enter is correct.

    Primary Asset ID Type

    1432

    Specifies the primary asset identifier type for the security, such as CUSIP, ISIN, and SEDOL.

    Primary Asset ID

    14

    Specifies the primary asset identifier for the security.

    Alt Asset ID Type

    5501

    Specifies an alternate asset identifier type for the security.

    Alt Asset ID

    1795

    Specifies the alternate asset identifier for the security.

    Cash Balance Accrual Xreference Identification



    CUSIP

    1952

    Specifies the Committee of Uniform Security Identification Procedure (CUSIP), a unique identification number that identifies the security issue.

    ISIN

    1955

    Specifies the International Security Identification (ISIN), a unique international identification number that identifies the security issue.

    Sedol

    1958

    Specifies the Stock Exchange Daily Official List (SEDOL) number, a unique identification number that identifies the security issue.

    Reuters

    1961

    Specifies the Reuters identification number that identifies the security issue.

    Bloomberg ID

    1964

    Specifies the Bloomberg identification number that identifies the security issue.

    SICOVM

    1967

    Specifies the SICOVM identification number that identifies the security issue.

    Valoren

    1970

    Specifies the Valoren identification number that identifies the security issue.

    Cash Matching ID

    1973

    Identifies the security issue for use in cash matching when you use cash segregation. If you set up security cross reference identifiers of CMM for use with cash matching, you can provide a Cash Matching ID for each security you plan to use in cash matching.

    INTERNAL

    1976

    Specifies the internal identification number that identifies the security issue.

    CINS

    1979

    Specifies the CINS identification number that identifies a foreign security issue. The CINS numbering system is an extension of the CUSIP numbering system.

    Xref Exchange

    1981

    Specifies the exchange where the security is traded.

    Cash Balance Accrual Details



    Processing Security Type

    3931

    Displays the code that the system uses to identify the type of security you are adding. For example, CRINTC, for Cash Balance Accrual Security.

    Security Type

    82

    Specifies the type of security.

    Sub Security Type

    1464

    Specifies the sub security type.

    Issue Country

    2290

    Specifies the name of the country that issued the security.

    Issue Country Code

    1418

    Specifies the identification number that represents the country that issued the security.

    Asset Currency

    85

    Specifies the currency in which the security is priced.

    Issue Tax Type

    668

    Identifies the security's tax structure. It is used with global tax withholding and tax reclaim processing.

    NOTE: Do not select All when setting up the tax structure for a security using this panel.

    Primary Exchange

    2291

    Specifies the marketplace in which the security is traded.

    Primary Exchange Code

    17

    Specifies the code of the marketplace in which the security is traded. It is also used with global tax withholding and tax reclaim processing.

    Cash Balance Accrual Coupon Periods



    Coupon

    70

    Specifies the rate at which the security accrues interest. It is expressed as an accrual rate. A value of zero is required for zero coupon bonds.

    Coupon Type Code

    97

    Specifies the interest rate of the security. Options include:

    • Floating Rate. The security has fixed coupon dates and uses a variable rate that is based on an underlying index and index offset to calculate the coupon to use for earnings. You must enter the rate in the Variable Rate table.
    • Variable Rate. The security has fixed coupon dates and uses a variable rate based on the security identifier to calculate the coupon for use in earnings. You must enter the rate in the Variable Rate table.
    • Fixed Rate. The security has fixed coupon dates and has a fixed coupon rate to calculate the coupon for use in earnings.
    • Unscheduled Variable Rate. The security has unscheduled payments and accrues interest based on a rate you enter in the Variable Rate table.

    NOTE: The Inverse Floater and Step Rate coupon type code options are not available for cash balance accrual securities.

    Day Count Basis

    471

    Specifies the number of days assumed in a month or year when interest rates are quoted. For more information, see the Fixed Income Processing Guide.

    Payment Frequency

    2287

    Specifies the frequency at which the security pays interest and drops a coupon.

    Payment Frequency Code

    472

    Specifies the code that represents the payment frequency.

    Business Day Convention

    1536

    Used with the payment frequency value to determine when a coupon should pay interest should the scheduled coupon due date occur on a non business day.

    Coupon Day of Month

    10551

    Specifies the day of the month in which the coupon is payable.

    Business Calendar Name

    1480

    Specifies the business calendar for the security. The system uses the value to identify business days and non business days for the purposes of determining the coupon payment date and coupon payment schedules.

    Cash Balance Accrual Dates



    First Coupon Date

    473

    Specifies the date of the first coupon payment.

    Floating Rate Information



    First Rate Reset Date

    10911

    Specifies the first calendar date that the rate resets from the dated date of the security. The system uses the First Rate Reset Date field, along with Reset Frequency Code, Business Calendar, and Business Day Convention field values to create the floating rate reset schedule of the security.
    This field appears and is required only if you set the Coupon Type Code field (tag 97) to a value of X (Floating Rate).

    Reset Frequency

    476

    Specifies the frequency at which the security resets its rate, beginning from the date defined in the First Rate Reset Date fielddefined in the First Rate Reset Date field. This field appears only if you set the Coupon Type Code field (tag 97) to a value of X (Floating Rate). Options include:

    • 10 DAY
    • 14 Day
    • 28 Day
    • 30 Day
    • 35 Day
    • 49 Day
    • Annual
    • Bi-Monthly
    • Daily
    • Monthly
    • Quarterly
    • Semi-Annual
    • Weekly

    This field appears only if you set the Coupon Type Code field (tag 97) to a value of X (Floating Rate).

    Reset Frequency Code

    1788

    Specifies the code associated with the frequency at which the security resets its rate beginning from the date defined in the First Rate Reset Date fielddate defined in the First Rate Reset Date field. This field appears and is required only if you set the Coupon Type Code field (tag 97) to a value of X (Floating Rate). Options include:

    • 10_D (10 DAY)
    • 12_M (Annual)
    • 14_D (14 Day)
    • 1_D (Daily)
    • 1_M (Monthly)
    • 28_D (28 Day)
    • 2_M (Bi-Monthly)
    • 30_D (30 Day)35Day)
    • 35_D (35 Day)
    • 3_M (Quarterly)
    • 49_D (49 Day)
    • 6_M (Semi-Annual)
    • 7_D (35 Day)
    • 3_M (Quarterly)
    • 49_D (49 Day)
    • 6_M (Semi-Annual)
    • 7_D (Weekly)
    This field appears and is required only if you set
    • Weekly)

    Reset Look Back Days

    10547

    Specifies the actual number of days to look back when setting the rate on the reset date. Floating Rate type securities can use a past rate on the specified reset date. This field appears only if you set the Coupon Type Code field (tag 97) to a value of X (Floating Rate).

    Reset Lookback Days Type

    5075

    Indicates whether the system bases the reset look back days on valid business days or actual calendar days. This field appears only if the Coupon Type Code field (

    tag 97

    tag 97)

    to

    has a value of X (Floating Rate

    ).

    Reset Look Back Days

    10547

    Specifies the actual number of days to look back when setting the rate on the reset date. Floating Rate type securities can use a past rate on the specified reset date.
    This field appears only if you set the Coupon Type Code field (tag 97) to a value of X (Floating Rate).

    Reset Look Back Days Type

    5075

    Indicates whether the reset look back days are business days or calendar days. Options include:

    B (Business). Uses business days to identify reset look back days, using

    ) or R (Inverse Floater). Options include:

    • B (Business). Determines fixing days by valid business days using the Fixing Date Business Center field (tag 16407).
    • C (Calendar). Determines fixing days by actual calendar days.
    Fixing Date Business Center16407

    Specifies the fixing date business calendar for the security. The Earnings process uses this business calendar you select to identify business days and non business days for the purposes of determining the fixing date for floating rate and inverse floating rate coupon date. The fixing date is the date on which a rate/price is selected for use on the reset date. 

    If you do not select a value, the Earnings process uses the business calendar selected in the Business Calendar Name field (tag 1480

    ) to determine the fixing date. This option allows you to specify separate calendars when a security uses one calendar for dropping coupons and a different calendar for resetting the floating rate. This field appears only if the Coupon Type Code field (tag 97) has a value of X (Floating Rate) or R (Inverse Floater).

    Periodic Cap

    10907

    Specifies the maximum allowed increase in a variable rate from one period to the next.
    This field appears only if you set the Coupon Type Code field (tag 97) to a value of X (Floating Rate).

    Periodic Floor

    10908

    Specifies the maximum allowed decrease in a variable rate from one period to the next.
    This field appears only if you set the Coupon Type Code field (tag 97) to a value of X (Floating Rate).

    Lifetime Cap

    10909

    Specifies the maximum coupon rate allowed during the life of the security.
    This field appears only if you set the Coupon Type Code field (tag 97) to a value of X (Floating Rate).

    Lifetime Floor

    10910

    Specifies the minimum coupon rate allowed during the life of the security.
    This field appears only if you set the Coupon Type Code field (tag 97) to a value of X (Floating Rate).

    Underlying Information



    Underlying Security ID

    1348

    Specifies the ID of the underlying security.
    This field appears only if you set the Coupon Type Code field (tag 97) to a value of X (Floating Rate).

    Underlying Issue Name

    1141

    Specifies the name of the underlying security.
    This field appears only if you set the Coupon Type Code field (tag 97) to a value of X (Floating Rate).

    Underlying Ticker

    1349

    Specifies the ticker of the underlying security.
    This field appears only if you set the Coupon Type Code field (tag 97) to a value of X (Floating Rate).

    Underlying Type

    916

    Specifies the underlying security type.
    This field appears only if you set the Coupon Type Code field (tag 97) to a value of X (Floating Rate).

    Index Offset

    215

    Specifies the basis point adjustment to the underlying index, for the purpose of calculating the coupon rate of a security.
    For convertible bonds, this field represents the number of shares of stock that a convertible bond can convert into per 1,000 units of a bond.
    This field appears only if you set the Coupon Type Code field (tag 97) to a value of X (Floating Rate).

    Issuer Information



    Issuer ID Name

    2285

    Specifies the name of the issuer.

    Issuer ID

    1413

    Specifies the identifier of the company or municipality that offered the security for sale.

    Country of Incorporation Code

    1174

    Displays the ISO country code in which the issuer of the security was incorporated.

    Issuer Industry

    1417

    Specifies the industry of the issuer.

    Legal Entity Identifier (LEI)

    5089

    Displays the Legal Entity Identifier (LEI) that identifies the issuer as a financial party. If an LEI value is present, the Legal Entity Identifier Details section appears.

    Legal Entity Identifier Details



    Legal Name

    5090

    Displays the legal name of the issuer as the financial party registered with the LEI.

    Entity Status

    5091

    Displays the status of the issuer. For example, ACTIVE and INACTIVE.

    Legal Form

    5092

    Displays the legal form of the issuer as financial party registered with the LEI. For example, CORPORATION.

    Assigned Date

    5093

    Displays the date when the issuer's LEI was assigned.

    Last Update Date

    5094

    Displays the date when the issuer's LEI information was last updated.

    Disabled Date

    5095

    Displays the date when the issuer's LEI information was disabled.

    Record State

    5096

    Displays the record state for the issuer's LEI. The record state indicates the current process status of the CFTC Interim Compliant Identifier (CICI) record. For example, UNDER_REVIEW, DUPLICATE, CONFLICTING_SOURCES, INADEQUATE_SOURCES, VALIDATED, PENDING_REMOVAL.

    Certification State

    5097

    Displays the certification state used to register the issuer's LEI. For example, CERTIFIED, NOT_CERTIFIED, STALE.

    Street

    5098

    Displays the street address used to register the issuer's LEI.

    City

    5099

    Displays the city used to register the issuer's LEI.

    State

    5100

    Displays the state code used to register the issuer's LEI.

    Zip

    5180

    Displays the ZIP code used to register the issuer's LEI.

    Country Code

    5181

    Displays the country code used to register the issuer's LEI.