Page Comparison

An unrealized gain/loss (URGL) rule establishes the proper treatment of unrealized market and currency gains/losses. A single accounting rule can have multiple instances of URGL rules with different elections. You can set up URGL rules at the following levels: processing security type, URGL security grouping, asset ID.

Create URGL Rules

In the Add Create URGL Rule panel, you can add a URGL rule. After you create an unrealized gain/loss (URGL) accounting rule, you can create the URGL rules that use that accounting rule.

To ensure compliance with International Financial Reporting Standards (IFRS), the system requires you to identify a URGL rule for any entity or master fund with an accounting basis that has one of the following IFRS regulatory categories assigned: Amortized Cost (AC), Available for Sale (AFS), Available for Sale at Cost (AFSC), Fair Value Option (FVO), Fair Value – Other Comprehensive Income (FVOCI), Fair Value Profit Loss (FVPL), Held for Trading (HFT), Held to Maturity (HTM), Loans and Receivables (LR). Be aware that the Fair Value – Other Comprehensive Income (FVOCI) regulatory category has a requirement that you make realized gain/loss entries on equity securities to a capital account, while all other securities hit an income account. You can use accounting basis level URGL rules to drive the ledger postings for securities held under the FVOCI regulatory category. These rules drive the unrealized posting process for the basis, but are also used to determine the realized G/L account posted to.

To

create a URGL rule:

1. Ensure you created the unrealized gain/loss (URGL) accounting rule that you plan to associate with the URGL rule.

2. Do one of the following: 
   - In Portfolio Data Center, in the left navigation pane, click Portfolio Desk > Accounting Portfolio Rules > URGL Rules > Create URGL Rule.
   - In Accounting Center, in the left navigation pane, click Setup > Portfolio Rules > URGL Rules > Create URGL Rule.
   You see the

1. Create URGL Rule panel.

2. Complete the options on the

1. Create URGL Rule panel.

2. Click Submit.

Edit URGL Rules

In the

Edit URGL Rule panel, you can modify the ledger posting elections for a URGL accounting rule. An unrealized gain/loss (URGL) rule establishes the proper treatment of unrealized market and currency gains/losses.

To

edit a URGL rule:

1. Do one of the following: 
   - In Portfolio Data Center, in the left navigation pane, click Portfolio Desk > Accounting Portfolio Rules > URGL Rules > Edit URGL Rule.
   - In Accounting Center, in the left navigation pane, click Setup > Portfolio Rules > URGL Rules > Edit URGL Rule.
   You see the

1. Edit URGL Rule panel.

2. Complete the options on the

1. Edit URGL Rule panel.

2. Click Submit.
   You see the URGL rules that met your criteria in the Show All tab.

3. Select each URGL rule you want to change and click Change Selected URGL Rules.
   You see each rule you selected in the Change Selected URGL Rules tab.

4. Change the URGL rules

1. . 

2. Click Submit. 

List URGL Rules

In the List URGL Rule panel, you can list active and current URGL rules.

To list URGL rules:

1. Do one of the following: 
   - In Portfolio Data Center, in the left navigation pane, click Portfolio Desk > Accounting Portfolio Rules > URGL Rules > List URGL Rule.
   - In Accounting Center, in the left navigation pane, click Setup > Portfolio Rules > URGL Rules > List URGL Rule.
   You see the List URGL Rule panel.

2. In the Rule name field, specify a URGL accounting rule name.

3. In the Rule Begin Date field, either specify a rule begin date or leave the field blank to view the current ledger elections for the URGL rule.

4. Click Submit.

List URGL Rule

History

In the List URGL History panel, you can view every historical change made to an individual URGL rule. You can view the history for current and prior URGL rules. If you change IFRS regulatory categories, this option can help you track former URGL rules after you update or no longer use specific URGL rules.

To list URGL rule history:

1. Do one of the following: 
   - In Portfolio Data Center, in the left navigation pane, click Portfolio Desk > Accounting Portfolio Rules > URGL Rules > List URGL History.
   - In Accounting Center, in the left navigation pane, click Setup > Portfolio Rules > URGL Rules > List URGL History.
   You see the List URGL History panel.

2. In the Rule name field, specify a URGL accounting rule name.

3. In the Rule Begin Date field, either specify a rule begin date or leave the field blank to view a complete URGL rule history.

4. Click Submit.