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The following table describes the security used for this example.
Field Name | Value |
|---|---|
Issue Name | FI Issue Tax Type Change |
Description | FI Issue Tax Type Demo |
Ticker | FIITTD |
Primary Asset ID | 555555555 |
Processing Security Type | DBIBFD |
Issue Date | 20091015 |
Dated Date | 20091015 |
First Coupon Date | 20100415 |
Last Coupon Date | 20180415 |
Maturity Date | 20181015 |
Coupon Type Code | Variable |
Coupon Rate | 5.00 |
Day Count Basis | 30/360 |
United States | United States |
Payment Frequency | Monthly |
Issue Tax Type | Standard |
Primary Exchange | Boston |
Results
You roll back earnings to 20140405, and then replay earnings back to 20140417. The effect of this transaction is that Eagle Accounting cancels the previously created income rows and values in the sub ledger, and their corresponding general ledger entries, from 20140405 to 20140417. Eagle Accounting creates new income rows in the sub ledger and general ledger when earnings are replayed. When the earnings transaction is replayed, Eagle Accounting recognizes the 6% Coupon Rate on 20140405 as part of the earnings calculation. Because there is a reference change, Eagle Accounting calculates a new Amortization Yield on 20140405, and Eagle Accounting uses the 6% Accruals from 20140405 going forward, until there is a new rate change.
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