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In Eagle's Accounting solution, Contract Cash is an event that can be scheduled 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.
The Contract Cash event is typically set up

In the Run Contract Cash panel, you can process contract cash manually. Contract cash is a global settlement process. You typically set up the Contract Cash event to run throughout the day so that the system settles cash activity processed during the day is settled. You can also run the Contract Cash event manually using the Global Process Center.

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Processes panel, Run Contract Cash.

Run Contract Cash Manually

To run Contract Cash manually:

  • From any Eagle window, click the Eagle Navigator button to access the Eagle Navigator.
  • Enter Global Process Center in the Start Search text box.
  • Click the Global Process Center link to access the Global Process Center.
    You see the Global Process Center.
    • Open the Settlements folder

    1. In Accounting Center, in the left navigation

    and select 

    1. pane, click Processing and Exceptions > Global Processes > Cash > Run Contract Cash.
      You see the Run Contract Cash panel. 


    Image Removed

    2. Complete the options on the Run Contract Cash panel.

    See the Contract Cash Panel Options section.

    2. Click Submit.

    Run Contract Cash Panel Options

    In the Run Contract Cash panel, you can run Contract Cash manually. The options may vary according to your selections.

    Option

    Tag

    Description

    Settlement Information

    For settlement information, there is only one option, 

    Select Query Option

    (tag 2283). This option determines

    2283

    Determines how to apply the contract cash settlement

    , as follows

    . Different fields appear based on your selection. Options include:

    • One Entity/One Security

    • One Entity/All Securities

    • All Entities/One Security

    • All Entities/All Securities

    Entity Information

    The following are the options for entity information:

    Entity ID

    (tag 1163). Specifies

    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

    (tag 1164). Specifies

    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

    The following are the options for security information:

    Cross Reference Type

     (tag 1234). Specifies

    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

     (tag 1233). Specifies

    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

     (tag 364). Specifies

    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

     (tag 961). Specifies

    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

    (tag 1432). Specifies

    1432

    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

    The following are the options for settle dates:

    Beginning Settle Date

    (tag 220). Specifies

    220

    Specifies the begin date for the settlement date range.

    Ending Settle Date

    (tag 221). Specifies

    221

    Specifies the end date for the settlement date range.

    Accounting

    DatesFor accounting dates, there is only one option, 

    Date

    Specific Accounting Date

    (tag 36). This option contains the specific

    36

    Specifies the accounting date for the unsettled activity. This is the date on which to report the event.

    Entity Attributes

    The following are the options for entity attributes:

    Batch Fetch Limit

    (tag 8134). Specifies

    8134

    Specifies the maximum number of events to submit to the engine at one time. The default value is 200.

    Conversion Value

    (tag 3914). Specifies the entity's conversion value

    3914

    Specifies the conversion status code value 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.

    Process Center

     (tag 4896). Specifies the entity's process center

    4896

    Specifies the 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

     (tag 514). Specifies

    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

    For settlement options for cash category types, there is only one option, 

    Settle Cash Category Type(s)

    (tag 1304). This option specifies

    1304

    Specifies the settlement types for processing cash settlements, as follows:

    • Trade and Income (Default)

    • Trade Only

    • Income Only

    Specify Currency of Assets to Settle

    The following are the options for specifying the currency of assets to settle:

    Settle Specific Asset Currency

    (tag 2284). Indicates

    2284

    Indicates whether to run Contract Cash for a specific asset currency. Available options include:

    –  No

    • No (Default)

    –  Yes

    • Yes

    Asset Currency

    (tag 85). Specifies

    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

    For settling all base or non base activity, there is only one option, 

    Settle Domestic/Foreign Activity

    (tag 10706)

    10706

    Indicates whether to process Contract Cash for base currency or non-base currency activity. This option appears when you

    select No in

    set the Settle Specific Asset Currency field

    and indicates whether to process Contract Cash for base or non-base activity. Select from the following

    to No. Options include:

    • Domestic Only (Local Currency = Base Currency). Process contract cash for domestic activity only, where the local currency is equal to the base currency. 

    • Foreign Only (Local Currency not = Base Currency). Process contract cash for foreign activity only, where the local currency is not equal to the base currency.

    • None. 

    Settle Specific Processing Security Type

    The following are the options for settling specific processing security types:

    Processing Security Type

     (tag 3931). Specifies the security type. It appears

    3931

    Specifies the processing security type when you select One Entity/All Securities

    , All Entities/One Security,

    or All Entities/All Securities in the Select Query Option field.

    Partition

    (tag 95). Specifies

    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.

     

    Image Removed

    Position Viewer - Traded in Status columnImage Added

    After you process contract cash

    is processed

    for the unsettled coupon, the system updates Position Viewer

    is updated

    , as shown in the following figure.

    Image Removed

    Position Viewer - Settled in Status ColumnImage Added

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