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Eagle Accounting has several fields defined at the entity's accounting basis level that are specific to Mortgage- and Asset-Backed Securities:

  • Gain Loss on Paydown (tag 1871). Required. This field determines whether Eagle Accounting treats the gain/loss caused by a paydown transaction as gain/loss, or takes the gain/loss caused by a paydown transaction as accelerated amortization. For more information, see "Entity-Accounting Basis Elections."

This field is specific to Mortgage- and Asset-Backed Securities. It also applies to TRAINS, securities with a processing security type of DBIBTR. For details, see "Targeted Return Index Securities (TRAINS)."

  • Paydown Gain Loss Account (tag 4519). The Paydown Gain Loss Account (Capital or Income) field drives general ledger posting for a gain/loss caused by factor processing. For more information, see "Entity-Accounting Basis Elections."

This field is specific to Mortgage- and Asset-Backed Securities. It also applies to TRAINS, securities with a processing security type of DBIBTR. For details, see "Targeted Return Index Securities (TRAINS)."

  • Principal Loss on Paydown Processing Flag (tag 2925). This field allows you to select the method in which to process the principal loss on a paydown. For more information, see "Entity-Accounting Basis Elections."

This field is specific to Asset-Backed Securities.

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