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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

    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:

    • One Entity/One Security

    • One Entity/All Securities

    • All Entities/One Security

    • All Entities/All Securities

    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

    Dates

    Date

    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 Value3914Specifies 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:

    • Trade and Income (Default)

    • Trade Only

    • Income Only

    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:

    • No (Default)

    • Yes

    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 following

    This option appears when you set the Settle Specific Asset Currency field 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

    Processing Security Type

    3931

    Specifies the processing security type

    . It appears

    when 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.

     

    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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