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If you plan to process accruals for cash balances, you must set up cash segregation. This includes setting up entities for cash segregation and creating related bank account relationships, cash account relationships, and cash accounts. You can then create securities used for cash balance accruals. You can use Reference Data Center to create and edit cash balance accrual securities. Or, in Accounting Center, you can also use the Cash Balance Accrual Security panel available in the Issue Viewer tool. 

In the Cash Balance Accrual Security panel, you can manually add and change a cash balance accrual security. 

A cash balance accrual security allows you to create an interest bearing asset that you can link to a cash account. It has a processing security type of Cash Balance Accrual Security (CRINTC). Cash balance accrual securities have their own type of Investment Type (tag 11) code value of Cash Accrual Security (CR), Cash balance accrual securities have fixed income attributes, including the coupon rate, day count basis, coupon type, and other parameters used to calculate and accrue income on a periodic, that is, daily, basis for the account. Thus you can set up fixed, variable rate, or floating rate assets. You typically set up a small number of these securities because different cash accounts often pay at the same rate and frequency, and can use the same security master record.

This page assumes you are familiar with the entity elections made for processing cash balance accrual securities, along with general setup for cash segregation and accruing interest on cash balances.

On this page


Add Cash Balance Accrual Securities

To manually add a cash balance accrual security:

  1. In Accounting Center, in the left navigation pane, click Setup > Securities > Manage Securities > Issue Viewer.
    You see the Issue Viewer tool.

  2. Click Add, select Cash and Cash Balance Accrual Security.
    You see the Cash Balance Accrual Security panel.

  3. Complete the options on the Cash Balance Accrual Security panel.
    The following fields are required to set up an equity security: Issue Name, Primary Asset ID Type, Primary Asset ID, Processing Security Type, Issue Country Code, Asset Currency, Primary Exchange Code, Coupon, Coupon Type Code, Day Count Basis, Payment Frequency Code, First Coupon Date. 

  4. Click Submit.

If you set up a cash balance accrual security with a coupon type of floating rate, variable rate, or unscheduled variable rate, be sure to add related variable rates.

Change Cash Balance Accrual Securities

Some fields, such as Processing Security Type and Asset Currency, are locked when you add a security master record so they cannot be changed.

If you need to change a security master record, Eagle recommends canceling the security, making changes to the security master record, and rebooking the security.

Cash Balance Accrual Security Panel Options

The following are the options in the Cash Balance Accrual Security panel. Note options may vary according to your selections. 

Option

Tag

Description

SRM Status Flag

Release Status

614

Displays the release status of the Security Reference Manager (SRM) record. This field is null when adding a new security.

Authorize Flag

11742

Flags records that have been authorized.

Validation Process Flag

4569

Flags records that have been reviewed in the Security Reference Manager (SRM).

Cash Balance Accrual Identification

Issue Name

961

Specifies the name of the security.

Issue Description

962

Describes the security.

Ticker

13

Specifies the system of letters used to uniquely identify the security.

CUSIP/SEDOL Check Digit Control Flag

2292

Indicates whether you want to generate or validate CUSIP and SEDOL numbers. Options include:

  • Generate Check Digit. Generates the remaining numbers if you enter part of the CUSIP or SEDOL number.

  • Validate Check Digit. Validates the CUSIP and SEDOL number you enter is correct.

Primary Asset ID Type

1432

Specifies the primary asset identifier type for the security, such as CUSIP, ISIN, and SEDOL.

Primary Asset ID

14

Specifies the primary asset identifier for the security.

Alt Asset ID Type

5501

Specifies an alternate asset identifier type for the security.

Alt Asset ID

1795

Specifies the alternate asset identifier for the security.

Cash Balance Accrual Xreference Identification

CUSIP

1952

Specifies the Committee of Uniform Security Identification Procedure (CUSIP), a unique identification number that identifies the security issue.

ISIN

1955

Specifies the International Security Identification (ISIN), a unique international identification number that identifies the security issue.

Sedol

1958

Specifies the Stock Exchange Daily Official List (SEDOL) number, a unique identification number that identifies the security issue.

Reuters

1961

Specifies the Reuters identification number that identifies the security issue.

Bloomberg ID

1964

Specifies the Bloomberg identification number that identifies the security issue.

SICOVM

1967

Specifies the SICOVM identification number that identifies the security issue.

Valoren

1970

Specifies the Valoren identification number that identifies the security issue.

Cash Matching ID

1973

Identifies the security issue for use in cash matching when you use cash segregation. If you set up security cross reference identifiers of CMM for use with cash matching, you can provide a Cash Matching ID for each security you plan to use in cash matching.

INTERNAL

1976

Specifies the internal identification number that identifies the security issue.

CINS

1979

Specifies the CINS identification number that identifies a foreign security issue. The CINS numbering system is an extension of the CUSIP numbering system.

Xref Exchange

1981

Specifies the exchange where the security is traded.

Cash Balance Accrual Details

Processing Security Type

3931

Displays the code that the system uses to identify the type of security you are adding. For example, CRINTC, for Cash Balance Accrual Security.

Security Type

82

Specifies the type of security.

Sub Security Type

1464

Specifies the sub security type.

Issue Country

2290

Specifies the name of the country that issued the security.

Issue Country Code

1418

Specifies the identification number that represents the country that issued the security.

Asset Currency

85

Specifies the currency in which the security is priced.

Issue Tax Type

668

Identifies the security's tax structure. It is used with global tax withholding and tax reclaim processing.

NOTE: Do not select All when setting up the tax structure for a security using this panel.

Primary Exchange

2291

Specifies the marketplace in which the security is traded.

Primary Exchange Code

17

Specifies the code of the marketplace in which the security is traded. It is also used with global tax withholding and tax reclaim processing.

Cash Balance Accrual Coupon Periods

Coupon

70

Specifies the rate at which the security accrues interest. It is expressed as an accrual rate. A value of zero is required for zero coupon bonds.

Coupon Type Code

97

Specifies the interest rate of the security. Options include:

  • Floating Rate. The security has fixed coupon dates and uses a variable rate that is based on an underlying index and index offset to calculate the coupon to use for earnings. You must enter the rate in the Variable Rate table.

  • Variable Rate. The security has fixed coupon dates and uses a variable rate based on the security identifier to calculate the coupon for use in earnings. You must enter the rate in the Variable Rate table.

  • Fixed Rate. The security has fixed coupon dates and has a fixed coupon rate to calculate the coupon for use in earnings.

  • Unscheduled Variable Rate. The security has unscheduled payments and accrues interest based on a rate you enter in the Variable Rate table.

NOTE: The Inverse Floater and Step Rate coupon type code options are not available for cash balance accrual securities.

Day Count Basis

471

Specifies the number of days assumed in a month or year when interest rates are quoted. For more information, see About Day Count Basis.

Payment Frequency

2287

Specifies the frequency at which the security pays interest and drops a coupon.

Payment Frequency Code

472

Specifies the code that represents the payment frequency.

Business Day Convention

1536

Used with the payment frequency value to determine when a coupon should pay interest should the scheduled coupon due date occur on a non business day.

Coupon Day of Month

10551

Specifies the day of the month in which the coupon is payable. If you select a value for Business Day Convention (tag 1536) other than None, you must specify the day of the month on which the coupon pays. You can enter a value from 1 to 31. Use 31 for Coupon Day of Month to use the last day of the month.

Business Calendar Name

1480

Specifies the business calendar for the security. The system uses the value to identify business days and non business days for the purposes of determining the coupon payment date and coupon payment schedules.

Cash Balance Accrual Dates

First Coupon Date

473

Specifies the date of the first coupon payment.

Floating Rate Information

First Rate Reset Date

10911

Specifies the first calendar date that the rate resets from the dated date of the security. The system uses the First Rate Reset Date field, along with Reset Frequency Code, Business Calendar, and Business Day Convention field values to create the floating rate reset schedule of the security.
This field appears and is required only if you set the Coupon Type Code field (tag 97) to a value of X (Floating Rate).

Reset Frequency

476

Specifies the frequency at which the security resets its rate, beginning from the date defined in the First Rate Reset Date field. This field appears only if you set the Coupon Type Code field (tag 97) to a value of X (Floating Rate). Options include:

  • 10 DAY

  • 14 Day

  • 28 Day

  • 30 Day

  • 35 Day

  • 49 Day

  • Annual

  • Bi-Monthly

  • Daily

  • Monthly

  • Quarterly

  • Semi-Annual

  • Weekly

Reset Frequency Code

1788

Specifies the code associated with the frequency at which the security resets its rate beginning from the date defined in the First Rate Reset Date field. This field appears and is required only if you set the Coupon Type Code field (tag 97) to a value of X (Floating Rate). Options include:

  • 10_D (10 DAY)

  • 12_M (Annual)

  • 14_D (14 Day)

  • 1_D (Daily)

  • 1_M (Monthly)

  • 28_D (28 Day)

  • 2_M (Bi-Monthly)

  • 30_D (30 Day)

  • 35_D (35 Day)

  • 3_M (Quarterly)

  • 49_D (49 Day)

  • 6_M (Semi-Annual)

  • 7_D (Weekly)

Reset Look Back Days

10547

Specifies the actual number of days to look back when setting the rate on the reset date. Floating Rate type securities can use a past rate on the specified reset date. This field appears only if you set the Coupon Type Code field (tag 97) to a value of X (Floating Rate).

Reset Lookback Days Type

5075

Indicates whether the system bases the reset look back days on valid business days or actual calendar days. This field appears only if the Coupon Type Code field (tag 97) has a value of X (Floating Rate) or R (Inverse Floater). Options include:

  • B (Business). Determines fixing days by valid business days using the Fixing Date Business Center field (tag 16407).

  • C (Calendar). Determines fixing days by actual calendar days.

Fixing Date Business Center

16407

Specifies the fixing date business calendar for the security. The Earnings process uses this business calendar you select to identify business days and non business days for the purposes of determining the fixing date for floating rate and inverse floating rate coupon date. The fixing date is the date on which a rate/price is selected for use on the reset date. 

If you do not select a value, the Earnings process uses the business calendar selected in the Business Calendar Name field (tag 1480) to determine the fixing date. This option allows you to specify separate calendars when a security uses one calendar for dropping coupons and a different calendar for resetting the floating rate. This field appears only if the Coupon Type Code field (tag 97) has a value of X (Floating Rate) or R (Inverse Floater).

Rate Reset Change Cap
(formerly Periodic Cap)

10907

Specifies the maximum allowed increase in a variable rate from one period to the next. This field appears only if you set the Coupon Type Code field (tag 97) to a value of X (Floating Rate). For more information about rate reset values, see Determine Floating Rate Resets.

Rate Reset Change Floor
(formerly Periodic Floor)

10908

Specifies the maximum allowed decrease in a variable rate from one period to the next. This field appears only if you set the Coupon Type Code field (tag 97) to a value of X (Floating Rate). For more information about rate reset values, see Determine Floating Rate Resets.

Rate Reset Cap
(formerly Lifetime Cap)

10909

Specifies the maximum coupon rate allowed during the life of the security. This field appears only if you set the Coupon Type Code field (tag 97) to a value of X (Floating Rate). For more information about rate reset values, see Determine Floating Rate Resets.

Rate Reset Floor
(formerly Lifetime Floor)

10910

Specifies the minimum coupon rate allowed during the life of the security. This field appears only if you set the Coupon Type Code field (tag 97) to a value of X (Floating Rate). For more information about rate reset values, see Determine Floating Rate Resets.

Underlying Information



Underlying Security ID

1348

Specifies the ID of the underlying security. This field appears only if you set the Coupon Type Code field (tag 97) to a value of X (Floating Rate).

Underlying Issue Name

1141

Specifies the name of the underlying security. This field appears only if you set the Coupon Type Code field (tag 97) to a value of X (Floating Rate).

Underlying Ticker

1349

Specifies the ticker of the underlying security. This field appears only if you set the Coupon Type Code field (tag 97) to a value of X (Floating Rate).

Underlying Type

916

Specifies the underlying security type. This field appears only if you set the Coupon Type Code field (tag 97) to a value of X (Floating Rate).

Index Offset

215

Specifies the basis point adjustment to the underlying index, for the purpose of calculating the coupon rate of a security. For convertible bonds, this field represents the number of shares of stock that a convertible bond can convert into per 1,000 units of a bond. This field appears only if you set the Coupon Type Code field (tag 97) to a value of X (Floating Rate).

Issuer Information

Issuer ID Name

2285

Specifies the name of the issuer.

Issuer ID

1413

Specifies the identifier of the company or municipality that offered the security for sale.

Country of Incorporation Code

1174

Displays the ISO country code in which the issuer of the security was incorporated.

Issuer Industry

1417

Specifies the industry of the issuer.

Legal Entity Identifier (LEI)

5089

Displays the Legal Entity Identifier (LEI) that identifies the issuer as a financial party. If an LEI value is present, the Legal Entity Identifier Details section appears.

Legal Entity Identifier Details

Legal Name

5090

Displays the legal name of the issuer as the financial party registered with the LEI.

Entity Status

5091

Displays the status of the issuer. For example, ACTIVE and INACTIVE.

Legal Form

5092

Displays the legal form of the issuer as financial party registered with the LEI. For example, CORPORATION.

Assigned Date

5093

Displays the date when the issuer's LEI was assigned.

Last Update Date

5094

Displays the date when the issuer's LEI information was last updated.

Disabled Date

5095

Displays the date when the issuer's LEI information was disabled.

Record State

5096

Displays the record state for the issuer's LEI. The record state indicates the current process status of the CFTC Interim Compliant Identifier (CICI) record. For example, UNDER_REVIEW, DUPLICATE, CONFLICTING_SOURCES, INADEQUATE_SOURCES, VALIDATED, PENDING_REMOVAL.

Certification State

5097

Displays the certification state used to register the issuer's LEI. For example, CERTIFIED, NOT_CERTIFIED, STALE.

Street

5098

Displays the street address used to register the issuer's LEI.

City

5099

Displays the city used to register the issuer's LEI.

State

5100

Displays the state code used to register the issuer's LEI.

Zip

5180

Displays the ZIP code used to register the issuer's LEI.

Country Code

5181

Displays the country code used to register the issuer's LEI.


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