To ensure Eagle STAR for Insurance accounting is consistent with the principles of Statutory Accounting, you must follow the Eagle STAR procedure for adding a basic entity, as described in the Eagle Documentation wiki, and supplement these procedures by adding the insurance-related fields and elections, as described in this section.
To create an entity for Eagle STAR for Insurance processing:
- Do one of the following:
- In Portfolio Data Center, in the left navigation pane, click Portfolio Desk > Accounting Portfolio Setup > Entities > Create/Edit Entity.
- In Accounting Center, in the left navigation pane, click Setup > Portfolio Setup > Entities > Create/Edit Entity.
- Complete the options on the panel.
The following table describes the important insurance-related options and elections required for ISTAR processing.
Option |
Description |
---|---|
Entity Name |
Specifies the name of the portfolio or composite. |
Entity ID |
Specifies the entity identification code. The Client record uses the entity code to associate to the entity. |
Accounting Basis |
Specifies the primary accounting basis. |
Wash Sale Inhibit Indicator |
Determines whether to inhibit wash sales. |
Cash Div Cash Entitlement Level |
Identifies lot level or position level cash entitlements for cash dividends. |
Primary Amortization/Accretion Rule |
Specifies the accounting rule. |
Postmatrix Type |
Specifies the type of post matrix. Options include:
|
Final Close Income Recognition Date |
Determines whether income on close lots posts the full amount of accruals through settlement date on trade date or continues to accrue through settlement date. |
- Click Submit. The system adds the entity to the RULEDBO.ENTITY table.
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