With Asset-Level Expected Credit Losses, Eagle’s accounting solution extends its Group-Level Expected Credit Losses capabilities and allows you to book expected losses at the individual lot level for debt securities held by the entity.
When accounting for asset-level expected credit losses, you can:
Identify an entity/basis regulatory treatment with the ECL method of US Treatment for US GAAP or Non-US Treatment for IFRS.
Convert positions to add expected credit losses to the conversion event for debt security positions.
Book transactions on debt securities with expected credit losses using Receive and Buy trade panels.
Apply expected credit losses to debt security lots as an adjustment entry.
Cancel any expected credit loss adjustments entered through the Book Asset-Level or Book Collective Level panels
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