FASB - 91 Report

The FASB-91 retrospective amortization options allow you to generate "what if" retrospective amortization calculations, view the results onscreen in a report, and apply only selected retrospective amortization calculations. This “what If” analysis, which uses Eagle's retrospective amortization methodology, allows you to accept or reject specific retrospective adjustments for lots of specific securities. The system performs the analysis by basis, and calculates it for only those loan-backed and structured securities that are eligible (as identified in Eagle Accounting through amortization rules) to use the retrospective method.

You can use the FASB-91 retrospective amortization global processing options and research reports to calculate retrospective amortization prior to actually applying the retrospective values to the assets. You can also calculate retrospective amortization on a hypothetical basis for pending transactions not yet released for processing by the STAR accounting engine, but cannot apply the retrospective values to those assets. Retrospective amortization is calculated from the Original Acquisition Date, the Conversion/Settlement Date, or another specified date.

When you use FASB-91 retrospective amortization calculations, you can:

• Generate FASB-91 report data

• Review the FASB-91 retrospective amortization calculation in the FASB-91 research report

• Apply the retrospective amortization calculations

• Delete FASB-91 report data