Set Up an ETF Security

You can set up an exchange-traded fund (ETF) security for use with systematic valuation. You can use Reference Data Center to create securities. 

To set up an ETF security that is eligible for systematic valuation:

1. Set the Processing Security Type (tag 3931) field to (EQEQMF) Mutual Fund.
2. Set the SVO Category (tag 5856) field to ETF Identified by SVO (Code 81).
3. In the Payment Frequency field, select a common payment frequency, such as M, Q.

The system uses the payment frequency for effective yield calculation. This value is not required. The Default value is monthly.

In addition, for systematic valuation processing to occur in the Eagle earning process, third party cash flows must exist for the security. These cash flows must exist as of the settlement date of the acquisition for systematic valuation to process successfully.