About Default Bond Processing

Eagle Accounting fully supports the processing of default bonds, 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

• Shut off amortization on a security, either at a security/accounting basis level or at an entity/accounting basis and security combination level

• Shut off accruals and amortization on a security/accounting basis level, either at a security level or at an entity/accounting basis and security combination 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.