Identify the Cash Balance Accrual Security for a Cash Account
In the Create Cash Account panel or the Edit Cash Account panel, you must define the options specific to use the cash account with a cash balance accrual security.
For the cash account, do the following:
- In the Cash Account Detail section of the panel, set the Restricted field to Yes.
- In the Cash Balance Accrual Election section, set the Accrue Interest on Cash Balance field to Yes and enter the Accrual Start Date value.
- In the Cash Balance Accrual Security section, select the cash balance accrual security to associate with the cash account. Ensure that the cash balance accrual security's settlement currency matches the cash account's settlement currency.
Update Eagle Accounting for the New Processing Security Type and Investment Type
If you added securities with a processing security type (PST) of Cash Balance Accrual Security (CRINTC), consider the impact on any setup rules you created that identify rules for individual processing security types. Also be aware that cash balance accrual securities have their own type of Investment Type (tag 11) code value of Cash Accrual Security (CR), in case you have rules that apply to each investment type.
For example, if you use custom contract cash settlement rules that the system uses to determine whether to settle trades through the contract cash process, and define rule details for each processing security type, ensure you define rules for a PST of CRINTC. Eagle's default contract cash rules include the CRINTC code.
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