Manage Asset-Level Expected Credit Losses for US GAAP

With Asset-Level Expected Credit Losses, Eagle’s accounting solution allows you to book expected losses at the individual lot level for debt securities held by the entity when you use a US GAAP accounting basis.

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 for use with FVOCI and AC regulatory categories.

• 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 panel.

• Generate the appropriate accounting entries for the following types of transactions:

  • Conversion and Buy/Receive transactions,

  • Add ECL to existing lots

  • Sell and cancel lots associated with ECL

  • Paydowns associated with ECL

  • Impairments associated with ECL

• Report on expected credit losses.