Eagle Accounting fully supports the processing of default bonds, has full support for securities in default by allowing you to:
Shut off accruals on a security, either at a security/accounting basis level or at an entity/accounting basis and security combination level (position level)
Shut off amortization on a security, either at a security/accounting basis level or at an entity/accounting basis and security combination level (position level)
Shut off accruals and amortization on a security
/accounting basis level, either at a security/accounting basis level or at an entity/accounting basis and security combination level (position level)
Stop the maturity processes when the bond is in default
Eagle Accounting does not calculate accrued interest purchased or sold when purchasing or selling a bond that is in default.