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. Contract Cash is run for all currencies for which an entity has unsettled activity.
You can configure Contract Cash rules to do the following:
- Include or exclude classifications of cash, such as principal or income.
- Include or exclude certain events, such as maturities or corporate actions.
- Exclude certain currencies.
Run Contract Cash Manually
To run Contract Cash manually:
- In Accounting Center, in the left navigation pane, click Processing and Exceptions > Global Processes > Cash > Run Contract Cash.
You see the Run Contract Cash panel. - Complete the options on the Run Contract Cash panel.
- Click Submit.
Run Contract Cash Panel Options
In the Contract Cash panel, you can run Contract Cash manually. The options may vary according to your selections.
| Option | Tag | Description | |||
|---|---|---|---|---|---|
| Settlement Information | |||||
| Select Query Option | 2283 | This option determines Determines how to apply the contract cash settlement, as follows. Different fields appear based on your selection. Options include:
| |||
| Entity Information | |||||
| Entity ID | 1163 | Specifies the identifier of the entity. It appears when you select One Entity/One Security or One Entity All Securities in the Select Query Option field. | |||
| Entity Name | 1164 | Specifies the name of the entity. It appears when you select One Entity/One Security or One Entity All Securities in the Select Query Option field. | |||
| Security Information | |||||
| Cross Reference Type | 1234 | Specifies the cross reference type associated with the security. It appears when you select One Entity/One Security or All Entities/One Security in the Select Query Option field. | |||
| Cross Reference ID | 1233 | Specifies the cross reference identifier associated with the security. It appears when you select One Entity/One Security or All Entities/One Security in the Select Query Option field. | |||
| Asset ID | 364 | Specifies the asset identifier for the security. It appears when you select All Entities/One Security in the Select Query Option field. | |||
| Issue Name | 961 | Specifies the name of the security. It appears when you select One Entity/One Security or in the Select Query Option field. | |||
| Issue Name | 301 | Specifies the name of the security. It appears when you select All Entities/One Security in the Select Query Option field. | |||
| Asset ID Type | 1432 | Specifies Displays the asset identifier type for the security . It appears when you select All Entities/One Security in the Select Query Option field. | |||
| Settle Dates | |||||
| Beginning Settle Date | 220 | Specifies the begin date for the settlement date range. | |||
| Ending Settle Date | 221 | Specifies the end date for the settlement date range. | |||
| Accounting DatesDate | |||||
| Specific Accounting Date | 36 | This option contains Specifies the specific accounting date for the unsettled activity. This is the date on which to report the event. | |||
| Entity Attributes | |||||
| Batch Fetch Limit | 8134 | Specifies the maximum number of events to submit to the engine at one time. The default value is 200. | |||
| Conversion Value | 3914 | Specifies the entity's conversion status code value to use for all entities. It appears when you select All Entities/One Security in the Select Query Option field. | Conversion Value | 3914 | Specifies the entity's conversion value. It appears when you select or All Entities/One Security All Securities in the Select Query Option field. |
| Process Center | 4896 | Specifies the entity's process center code to use for all entities. It appears when you select All Entities/One Security or All Entities/All Securities in the Select Query Option field. | |||
| Exchange Rate Source | 514 | Specifies the pricing source the system uses for pricing foreign exchange rates for the entity/accounting basis to use for all entities. It appears when you select All Entities/One Security or All Entities/All Securities in the Select Query Option field. | |||
| Settlement Options STAR Cash Category Types | |||||
| Settle Cash Category Type(s) | 1304 | This option specifies Specifies the settlement types for processing cash settlements, as follows:
| |||
| Specify Currency of Assets to Settle | |||||
| Settle Specific Asset Currency | 2284 | Indicates whether to run Contract Cash for a specific asset currency. Available options include:
| |||
| Asset Currency | 85 | Specifies the asset currency code for which to run contract cash. It appears when you select Yes in the Settle Specific Asset Currency field. | |||
| Settle All Base or Non Base Activity | |||||
| Settle Domestic/Foreign Activity | 10706 | This option appears when you select No in the Settle Specific Asset Currency field and indicates Indicates whether to process Contract Cash for base currency or non-base currency activity. Select from the followingThis option appears when you set the Settle Specific Asset Currency field to No. Option include:
| |||
| Settle Specific Processing Security Type | |||||
| Processing Security Type | 3931 | Specifies the processing security type . It appearswhen you select One Entity/All Securities , All Entities/One Security,or All Entities/All Securities in the Select Query Option field. | |||
| Partition | 95 | Specifies the entity partition code. It appears when you select All Entities/One Security, or All Entities/All Securities in the Select Query Option field. |
Example - Contract Cash
The Eagle 's Accounting solution maintains cash balances from both a traded and settlement basis. Once settlement date has been reached and contract cash processed, Position Viewer allows you to view the cash activity as both traded and settled.
For a coupon that has been generated, before settlement date, Position Viewer displays the coupon as traded. In the following figure, you see the value of TRADED in the Status column.
After you process contract cash is processed for the unsettled coupon, the system updates Position Viewer is updated, as shown in the following figure.
