Apply FASB-91 Retrospective Amortization

In the Apply FASB-91 Retrospective Amortization panel, you can apply selected retrospective amortization calculations after you review the generated results for validity.

When you use this option, the system updates the FASB91 records of the selected securities to indicate that they were processed. The system excludes processed records from use for any subsequent Apply Retrospective Amortization process. That is, you cannot recalculate retrospective amortization for the selected assets using the Apply FASB-91 Retrospective Amortization global option or using the Retrospective Amortization global option. This option allows you to apply retrospective amortization values for your current holdings. It does not allow you to apply retrospective amortization values towards pending transactions not yet processed by the STAR accounting engine.

WRITERS NOTE: confirm above paragraph. And behavior below. No data. Cannot test whether button appears in ribbon or not.

To apply FASB-91 retrospective amortization:

In Accounting Center, in the left navigation pane, click Processing & Exceptions > Global Processes > FASB-91 Retrospective Amortization > Apply FASB-91 Retrospective Amortization.
You see the Apply FASB-91 Retrospective Amortization panel.
Complete the options on the Apply FASB-91 Retrospective Amortization panel.
Click Submit.
In the Show All window, you see the list of retrospective amortization records that met your criteria.
Click the Select column for each row with assets for which you want to apply the retrospective earnings, so that a check mark appears for that row.
You can press CTRL + I to select all rows.
Click Run Retro for the Selected Records.
The system generates a list of the records you selected for retrospective amortization processing. It displays the amortization processing options that you applied when you initially submitted the Generate FASB-91 Report Data panel, such as the Retrospective Amortization Switch value and the Earn Through Date value.

WRITERS NOTE: can you change the parameters? should you?

Click Submit.
The system processes retrospective amortization for the selected assets.

WRITERS NOTE: I do not have real data for viewing report results or processing. confirm panel behavior after Submits . Do you see loopbacks or is there another button you must press? Is the processing similar to regular retro?

Apply FASB-91 Retrospective Amortization Panel Options

A definition of the options on the Apply FASB-91 Retrospective Amortization panel follows.

Option	Tag	Description
Generate Prepayment Series Report Data
Select Query Option	2283	Allows you to show/hide additional query filters. The system displays additional fields depending on your selection. Options include: One Entity/One Security One Entity/All Securities Entity List/One Security Entity List/All Securities All Entities/One Security
Entity Information
Entity ID	1163	Specifies the unique identifier of the entity. This field appears if you set the Select Query Option field to a value for one entity.
Entity Name	1164	Specifies the name of the entity. This field appears if you set the Select Query Option field to a value for one entity.
Base Currency	86	Specifies the base currency of the entity.
Accounting Basis	21	Specifies the accounting basis for the entity.
Entity List Name	1104	Specifies the name of the entity list. This field appears if you set the Select Query Option field to a value for an entity list.
Entity List ID	1091	Specifies the unique identifier of the entity list. This field appears if you set the Select Query Option field to a value for an entity list.
Security Information
Asset ID	14	Specifies the identification number of the primary asset ID type for the security. This field appears if you set the Select Query Option field to a value for one security.
Issue Name	961	Specifies the name of the security. This field appears if you set the Select Query Option field to a value for one security.
Security Alias	10	Displays the asset identifier of the selected security. This field appears if you set the Select Query Option field to a value for one security.
Select Pending Trade Event	962	Specifies the event ID of the pending transaction for which you are calculating retrospective amortization. The lookup displays the event ID/trade ticket number/units/event type for pending transactions associated with the selected security. This field appears if you set the Hypothetical Mode field to a value of Yes.
Pending Trade ID	3696	Specifies the unique identifier of the pending transaction for which you are calculating retrospective amortization. This field appears if you set the Hypothetical Mode field to a value of Yes.
Earnings Date
Earn Through Date	461	Specifies the effective date of the earnings/income data.
Position's First Effective Date	155	Displays the position's first effective date.
Retrospective Amortization
Retrospective Amortization Switch	9159	Determines the date used to process the amortization. Options include: Original Acquisition Date (O). Default. Runs amortization from the original acquisition date. Based on the Original Acquisition Cost Local (tag 3747) and Original Settle Date (tag 154) on the tax lot. This option is solely geared for positions converted into Eagle's Accounting solution, and the system runs retrospective amortization starting from the original purchase information. Conversion/Settlement Date (C). Runs amortization from the conversion date. Based on the Conversion Settlement Date or the Actual Settlement Date of the lot (tag 37), and Current Cost ID Local (tag 128) on the lot. If the lot was purchased in Eagle's Accounting solution, there is no difference between Original Acquisition Date and Conversion Settlement Date. Date Specific (D). Runs amortization from a user specified date. Populates three values on each lot in the position before the Earnings process is called. These include the Retro Start Date (tag 10147), the Amount of Amortization up to that Start Date (tag 9615), and the Amount of OID Amortization up to that Start Date (tag 9616).
Hypothetical Mode	16156	Indicates whether you want to calculate hypothetical retrospective amortization for pending transactions. This options allows you to calculate retrospective amortization for securities not held by the entity. Options include: Yes. Calculates hypothetical retrospective amortization. Allows you to include pending transactions for the calculation. No. Default. Does not calculate hypothetical retrospective amortization.
Retrospective Amortization Start Date	10147	Specifies the date from which the system calculates retrospective amortization. This field appears if you set the Retrospective Amortization Switch field to a value of Date Specific.
View Cashflows	9969	Indicates whether to show the cash flows used to calculate the retrospective yield in the report results. Options include No (Default) and Yes.
Entity Attributes
Partition	95	Displays the entity partition code. This field appears if you set the Select Query Option field for an entity list or all entities.