About Bypassing Accounting Processing for TBA Allocations
You can in order to improve system performance for TBA allocations. Backdated trade processing, specifically with mortgage-backed type positions such as TBAs, , for example,Set Up Bypass of Accounting Processing
You canSet the Bypass Earnings Replay Option to A
You can have the system set the Bypass Earnings Replay (tag 11793) option to a value of A on transactions
if you want Eagle Accounting to bypass the
Earnings replay during the rollback/replay process
. The rollback still occurs, but no income or trades replay ensues, which significantly improves system performance while posting backdated transaction activity. This setting is often used
during TBA allocation, because the trade activity involved many backdated trades which rolled back earnings and factors each time during every trade.
If you
assign the Bypass Earnings Replay (tag 11793) option for a transaction to a value of A, during transaction processing
the system bypasses Earnings processing along with the following accounting functions
:
OpenWashSaleAdj
CloseWashSaleAdj
accrueMaster
supplementEventWithEarnProperty
ledgerPeriodForwardBackward
calcVariationMargin
CalculateYield
CalcTradedInterest
setConvBond
supplementEventWithYieldProperty
LedgerPosting_Generate_DRCR_ByRow
CalcTipsIndexRatio
GetPaydownGainloss
SetIncomeRecognitionTag
Included in this list is the write cursor to the STAR to PACE Delta trigger log. The system
bypasses this log to increase processing speeds. After you run the REACCRUE event, the system populates the STAR to PACE Delta trigger log and subsequently updates the Eagle data warehouse.
Reaccrue after Bypassing Earnings Processing
Instead of doing rollback/replay after every trade, Eagle Accounting allows you to perform that rollback and replay once, after all activity has been posted.
To reaccrue after bypassing earnings processing:
- 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 Earnings folder in the left navigation pane and select Reaccrue for Earnings Bypass.
You see the Reaccrue for Earnings Bypass panel. - Complete the options on the Reaccrue for Earnings Bypass panel.
- Click Submit.
Reaccrue for Earnings Bypass Panel Options
In the Reaccrue for Earnings panel, you can manually rollback and replay the earning process after bypassing the earnings process, along with additional accounting functions. The options may vary according to your selections.
Accrue
For accrue information, there is only one option, Select Query Option (tag 2283). This option determines how to apply the global processing, as follows:
- 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 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 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:
- Asset ID Type (tag 1432). Specifies the asset identifier type for 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 the asset identifier for the security. It appears when you select One Entity/One Security or All Entities/One Security in the Select Query Option field.
- Issue Name (tag 961). Specifies the name of the security. It appears when you select One Entity/One Security or All Entities/One Security in the Select Query Option field.
- Earnings Catch-up Flag (tag 512).Specifies Options include:
– Yes. Default.
– No.
Access Eagle Centers via Recent Links
To access Eagle centers via recent links:
- From any Eagle window, click the Eagle Navigator button to access the Eagle Navigator.
You see the Eagle Navigator dialog box with links to the most recently accessed centers and components. - Click the recent link to launch the center in a new window (default). To launch the center in the same window, right click the link and select Open in Same Window.
- To exit an Eagle center, click the Eagle Navigator button, hover over the Sign Out button, and click Close for the appropriate center.
Access Eagle Centers via Shortcut Links
To access Eagle centers via shortcut links:
The shortcut is added to the Eagle Navigator dialog box. Click Removeshortcut to remove the shortcut you created.
Assign Transactions a Value of A
The Bypass Earnings Replay field is not available in any accounting trade entry panels. Because each Eagle client that uses this option has their own criteria for assigning this tag to transactions, you can use the Force Add Tags option on the stream to assign this tag a value of A. The Force Add Tags option, available in Message Center Editor's ID RUNPANEL Editor, allows you to add tags on an ad hoc basis without modifying and customizing a panel. For audit purposes, the system adds this column to the ESTAR_FINANCIAL_EVENT table once the trades are processed.
The Bypass Earnings Replay field is available when you book an impairment for a fixed income security using the Book Impairment Adjustment panel.
Process Transactions Set to A
Once you book a trade on the position with Bypass Earnings Replay (tag 11793) option set to a value of A, Eagle Accounting locks it down. This means that you cannot run the normal Earnings process or attempt to process factors until you run the Reaccrue process. You can use the Reaccrue for Earnings Bypass panel to catch up earnings that the system previously bypassed.
During transaction processing, Eagle Accounting uses the PLANSTEP_FUNC_BYPASS_DT column on the ESTAR_COST_POSITION table. It sets this column equal to Trade Date minus one of the earliest trade on a position that was booked with Bypass Earnings Replay (tag 11793) set to A. Eagle Accounting uses this date to determine how far it needs to roll back earnings. The system then replays earnings up through the previous EARN_THROUGH_DATE on the ESTAR_COST_POSITION table. You can view the value in Position Viewer for the Cost position, where the value is called PLANSTEP_FUNC_BYPASS_DT (tag 12401). It represents the date in which earnings need to be caught up from. It is used only by the Earnings process run through the Reaccrue for Earnings Bypass panel.
The system only bypasses ledger activity for open transactions. It does this because if a backdated close occurred that rolled back several transactions, the ledger postings associated with those rolled back transactions will remain on the ledger. Therefore, the system does not bypass ledger activity for closes and cancels at this time.
Set the Bypass Earnings Replay Option to Y
You can have the system set the Bypass Earnings Replay (tag 11793) option to a value of Y on transactions. You can have the system place this value on any backdated event. For example, you can use this value with the event type of INCRFEE or DECRFEE,
Using a value of Y suppresses the replay of earnings through the last earn thru date during rollback replay. For example, if you have a buy which has earned through today, and then you post another backdated buy today with a trade date of yesterday, you do not earn again through today as you normally would.
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The position is not locked when you use this option. You can use the standard earnings process to catch up earnings. You do not have to use the Reaccrue for Earnings Bypass panel with this option. |