You must ensure that the Sink Flag (tag 1780) option is set to Yes on the security master record in order to set up a sinking fund schedule in the Corporate Action table and the Schedule table.
You can set up a sink schedule using the Add Schedule dialog box. The Schedule table stores the sink schedule information for a security. During the earnings process, Eagle Accounting scans the Schedule table and uses the values in the schedule to calculate the appropriate yield for a security, based on the reference information and the accounting basis amortization rules. The entire sink schedule must total to 1.00.
When you process corporate actions, Eagle Accounting does not process sinking fund payments or transaction information based on information in the schedule. During corporate action processing, the system creates the sinking fund payment transaction based on information about the sinking fund schedule in the Corporate Action table. Sink data should exist in both tables at all times.
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