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In Eagle's Accounting solution, Contract Cash is an event that you can schedule to run to settle transactions for which the settlement date is less than or equal to the current/system date. You can run Contract Cash for all currencies for which an entity has unsettled activity. You typically set up the Contract Cash event to run throughout the day so that cash activity processed during the day is settled. You can also run the Contract Cash event manually using the Global Processes panel.

WRITERS NOTE: do we need to discuss and compare to or xref to other methods to settle cash? How does this differ from Run Multiple Settlements? Cash segregation? See Auto Settle Trade Indicator defintion below:

Auto Settle Trade Indicator (tag 58). Indicates whether the system settles the trade, coupon, and miscellaneous income and expenses automatically. If the entity's Auto Settle Indicator field is set to Yes, as specified on the Create/Edit Entity or Create Master Fund panels, the system creates a settlement when the trade is processed. There is no trade to settle date gain/loss. This applies even if the settlement date is in the future. Eagle recommends that you set the Auto Settle Indicator field to No for the entity and trade panels. Options include:

• Yes. The system automatically settles the trade, coupon, and miscellaneous income and expenses. The system retrieves the settle date FX rate if the local currency does not equal base and generates a trade to settle date gain/loss.

• No. Default. The system does not automatically settle the trade, coupon, and miscellaneous income and expenses. You must schedule the settlement for these transactions using the Run Contract Cash global panel. Or, manually settle the transactions using the Run Multiple Settlements panel. If you use cash segregation based on actual cash settlements, you can schedule settlements using the Run Cash Auto Match panel and create settlements manually using Cash Matching.