A default bond is a bond in which the issuer has defaulted on the debt obligations and has filed for protection under Chapter 11 of the U.S. Bankruptcy Code. The system uses the value in the Default Indicator field to identify a default bond. To add a default bond, select Yes from the Default Indicator drop down list. The system does not process the maturity transaction of the bond at the time of maturity. Specify the date on which the bond went into default in the Default Date field.
About Short Term Investment Funds (STIFs)
In the Short Term Debt panel, you can manually add a short term investment fund (STIF). A STIF is a type of fund that invests in short term investments of high quality and low risk, such as bank notes, cash, corporate notes, and government bills. The goal of this type of fund is to protect capital with low risk investments.
The system uses the value in the Processing Security Type field on the Short Term Debt panel to identify the type of short term debt instrument you are adding.
To add a STIF:
- Select DBSTST (Interest Bearing Short Term) as the Processing Security Type.
- Select Variable Rate as the Coupon Type Code.
- Select Yes from the Trading Flat drop down list.
- Ensure the Quantity Scale and Price Multiplier fields are equal to 1.
The system can process a purchase or sale of a STIF vehicle for cash balance by sweeping the current base currency cash balance into a STIF vehicle. This is known as a "cash sweep." The system does not oversell the STIF and create a technically short position. Instead, it sells out the STIF and brings it to a zero position.
To set up a cash sweep:
- Set up the STIF security master file record for use with cash sweeps.
- Set up the entity for cash sweep processing.
- Use the global Run Cash Sweep option to process the cash sweep.
Add Short Term Debt Instruments
To manually add a short term debt instrument:
In Accounting Center, in the left navigation pane, click Setup > Securities > Manage Securities > Issue Viewer.
You see the Issue Viewer tool.
Click the Add arrow.
Point to Fixed Income and click Short Term Debt.
Complete the options on the Short Term Debt panel.
Click Submit.
Change Short Term Debt Instruments
Some fields are locked when there is an existing position on the security. This is because a change would impact the existing position. These fields include Asset Currency, Dual Currency Indicator, Investment Type, Processing Security Type, Quantity Type, Price Multiplier, and Quantity Scale. Other fields are locked so they cannot be changed. See the About Locked Security Master Record Fields in Issue Viewer page for more information.
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.
To manually change a short term debt instrument:
In Accounting Center, in the left navigation pane, click Setup > Securities > Manage Securities > Issue Viewer.
You see the Issue Viewer tool.
Enter the query parameters and click Search.
You see a list of security records that meet your selection criteria in the Query Result window.
Select the security record you want to update, click the Change arrow, and click Change Short Term Debt. Or double-click the security record.
You see the Change Short Term Debt panel.
Change the options on the Change Short Term Debt panel.
Click Submit.
Short Term Debt Panel Options
The following are the options in the Short Term Debt 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). |
Short Term Interest 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:
|
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. |
Short Term Debt 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. |
CEDEL | 1973 | Specifies the Centrale de Livraison de Valuers Mobilieres (CEDEL) identification number that identifies the security issue. |
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. |
Short Term Details | ||
Investment Type | 11 | Specifies the investment type, such as ST (short term). |
Processing Security Type | 3931 | Specifies the code value that the system uses to identify the type of short term debt instrument you are adding. Options include:
|
Security Type | 82 | Specifies the type of security. |
Sub Security Type | 1464 | Specifies the sub security type. |
Granularity Category | 11476 | Specifies the asset's classification for ledger granularity purposes. If the security attributes available for ledger granularity account breakouts (security type, long/short indicator, Federal tax indicator, market sector description, affiliated/unaffiliated, and issue country) do not provide enough detail, you can use a granularity category to classify the asset for ledger reporting. Code values are maintained under the GRANULARITY_CAT code category. |
Cost Basis Rule Type | 2817 | Specifies the cost basis rule type for cost basis reporting. |
Quantity Type | 12 | Specifies the quantity generally accepted as a standard for exchange, such as shares and par. The system uses par as a default. |
Price Multiplier | 18 | Determines the price. In the case of short term debt instruments, the system defaults to a price of 1.00. You should not change this value once a position exists. |
Quantity Scale | 19 | Calculates the ratio of units bought to units used for earnings. The default is 1, so that 1 unit of par purchased equals one unit of earnings. You should not change this value once a position exists. |
Country of Risk | 2288 | Specifies the issuer of the security's principal place of business. |
Country of Risk Code | 10536 | Specifies the code of the issuer of the security's principal place of business. |
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. |
Dual Currency Indicator | 11802 | Indicates whether the security is a dual currency instrument. A dual currency instrument is a financial instrument based in one currency that makes payments of income and/or principal in a different currency. Options include:
|
Asset Currency | 85 | Specifies the currency in which the security is priced. For a dual currency instrument, the asset currency identified in this field is the base currency. |
Settlement Currency | 63 | Specifies the currency in which the security is settled. This field initially displays the value you specified for the Asset Currency field, but you can change it. |
Income Currency | 1186 | Specifies the currency in which the security pays income. This field displays the asset currency by default, but you can change it if you identify the security as a dual currency instrument. For a dual currency instrument, this value may be called the settlement currency. When the income currency differs from the asset currency for a dual currency instrument, the security accrues income in the asset currency but converts the local currency amounts to the income currency at the time the coupon is dropped based on the fixing parameters specified for the dual currency instrument. |
Issue Tax Type | 668 | Identifies the security's tax structure. It is used with global tax withholding and tax reclaim processing. |
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. |
Region | 5423 | Allows you to specify a region. It does not necessarily mean the location of the exchange in which a security is traded. For example, suppose you have a Canadian bond that trades in the London Stock Exchange. You may want to set the region to Canada or North America. |
State Code | 1343 | Specifies the state in which the security is issued. |
Amount Issued | 1537 | Specifies the amount of par original that has been issued by the issuer. |
Amount Outstanding | 1543 | Specifies the amount of par that has not been retired by the issuer. |
SIC Code | 1789 | Specifies the Standard Industry Classification (SIC), a code used to categorize and uniquely identify business activities. |
Amortization Accretion Rule Type | 12008 | Specifies the amortization/accretion rule type. |
Demand Feature | 10555 | Specifies the demand feature. |
GL Product Code | 11094 | Specifies the GL product code. |
Short Term Debt 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:
|
Day Count Basis | 471 | Specifies the number of days assumed in a month or year when interest rates are quoted. For more information, see the Fixed Income Processing Guide. |
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. |
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. |
Day of Month Override | 1533 | Identifies the day of the month or business day of the month on which the security is to pay income. This is based on the business calendar. |
Interest Payment Timing | 1523 | Determines the coupon date, when more than one possible set of coupon dates can be calculated. Options include:
If you do not enter a value, the system uses the last day of the month to calculate coupons. |
Delay Days | 1799 | Specifies the number of days between the end of the accrual period and the actual receipt of the coupon and principal payment. The system uses this value in the creation of coupons, paydown transactions, and payup transactions, as well as in the Cash Flow Projections report. |
Delay Days Type | 5074 | Indicates whether the delay days are business days or calendar days. Options include:
|
Coupon Delay Days | 4908 | Specifies the number of days to extend the coupon period. |
Coupon Delay Days Type | 3999 | Specifies whether the coupon delay days are business days or calendar days. Options include:
This field is not required for debt instruments. |
Maturity Delay Days | 3997 | Specifies the number of days to delay generation of the maturity transaction. |
Maturity Delay Days Type | 3998 | Specifies whether the maturity delay days are business days or calendar days. Options include:
This field is not required for debt instruments. |
Short Term Dates | ||
Issue Price | 69 | Specifies the original issue price of the security. |
Issue Date | 68 | Specifies the original date of issue. |
Dated Date | 1183 | Specifies the date the security begins to accrue interest. |
First Coupon Date | 473 | Specifies the date of the first coupon payment. |
Last Coupon Date | 474 | Specifies the date of the last normal length coupon period. Eagle recommends that you enter penultimate. |
Maturity Date | 38 | Specifies the date that the security repays all outstanding principal and stops earning interest. |
Maturity Price | 42 | Specifies the price at which the security returns principal. |
Variable Rate Next Reset Date | 3006 | Specifies the date of the next rate reset for a security with a variable rate coupon type. |
Short Term Flags | ||
OID Indicator | 218 | Specifies whether the security is OID (original issue discount) eligible. Options include:
|
Convertible Indicator | 1531 | Specifies whether the security is a convertible bond. Options include:
|
Federal Tax Indicator | 1545 | Specifies whether the security has a U.S. Federal Tax Indicator. It is used in the SEC Yield calculation. Options include:
|
AMT Flag | 3113 | Specifies whether a bond is subject to the Alternative Minimum Tax (ATM) for individuals. Options include:
|
Default Indicator | 1551 | Specifies whether a bond is in default. Options include:
|
Default Date | 10142 | Specifies the date on which the bond went into default. |
IO/PO Flag | 10143 | Specifies interest only (IO) and principal only (PO) mortgage strip securities. Options include:
|
Restricted Flag | 1139 | Specifies any trade restrictions on the security. Options include:
|
Call Flag | 1182 | Specifies whether the security has a call option. Options include:
NOTE: This field must be set to Yes to add a call corporate action. |
Put Flag | 1546 | Specifies whether the security has a put option. Options include:
NOTE: This field must be set to Yes to add a put corporate action. |
Sink Flag | 1780 | Specifies whether the security is eligible for sinking fund payments. Options include:
NOTE: This field must be set to Yes to add a sink corporate action. |
Refund Indicator | 3132 | Indicates whether the security is eligible for pre-refunding, an entire issue call, or a mandatory put. Options include:
|
Inactive Flag | 11043 | Specifies whether the security is inactive. Options include:
NOTE: If this field is set to Yes, no trades are allowed. |
Eusd Eligible | 11529 | Indicates whether the security is eligible for the tax equalization process. Options include:
|
Financial Innovation | 11530 | Indicates whether the security is eligible for the financial innovation process. Options include:
|
Govt Bond Flag | 10347 | Indicates whether the security is a government bond. Options include:
|
2a7 Flag | 11811 | Specifies 2a7 WAM processing. Options include:
|
Time Sensitive Indicator | 11926 | Specifies whether the security uses floating rate data that changes over time if you set the Coupon Type field to Floating Rate. Options include:
|
Synthetic Eligible | 12024 | Indicates whether the security is synthetic eligible. Options include:
|
Muni State Taxable Flag | 10248 | Indicates whether the security is subject to municipal state taxes. Options include:
|
144A Eligible Indicator | 1301 | Indicates whether the security is 144A eligible. Options include:
This field is used for reference only. |
Look Thru Value | 1808 | Specifies the underlying security. |
Look Thru Ind | 1776 | Used to view exposure to the underlying security, index, or portfolio. |
SVO Category | 5856 | Specifies the Securities Valuation Office category for the security. |
SVO Subcategory | 5858 | Specifies the Securities Valuation Office subcategory for the security. |
Floating Price Instrument | 16727 | Indicates whether a money market security processes cash sweep transactions using a floating NAV or uses a default price of 1. This field appears if you select a security with a processing security type of STIF (DBSTST). Options include
|
Floating Price Source | 16728 | Specifies the price source used for a floating NAV security during cash sweep processing. If you set the Float Price Instrument option to Yes but provide a null value for the floating price source, the security prices using the default entity price source. If the entity has multiple accounting bases, the system uses the price source of the primary basis. This field appears if you set the Floating Price Instrument field to Yes. |
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. |
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. Options include:
|
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. Options include:
This field appears and is required only if you set the Coupon Type Code field (tag 97) to a value of either X (Floating Rate) or R (Inverse Floater). |
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. |
Reset Look Back Days Type | 5075 | Indicates whether the reset look back days are business days or calendar days. Options include:
This field appears only if the Coupon Type Code field (tag 97) has a value of X (Floating Rate) or R (Inverse Floater). |
Periodic Cap | 10907 | Specifies the maximum allowed increase in a variable rate from one period to the next. |
Periodic Floor | 10908 | Specifies the maximum allowed decrease in a variable rate from one period to the next. |
Lifetime Cap | 10909 | Specifies the maximum coupon rate allowed during the life of the security. |
Lifetime Floor | 10910 | Specifies the minimum coupon rate allowed during the life of the security. |
Dual Currency Information | ||
Dual Currency Conversion Factor | 11803 | Specifies the initial FX rate at issuance used at issuance to convert the local currency for a dual currency instrument. Used for reference purposes only. This field appears if the Dual Currency Indicator field has a value of Yes. |
Principal Currency | 11813 | Specifies the currency in which the security pays principal for a dual currency instrument. This field displays the asset currency by default, but you can change it if you identify the security as a dual currency instrument. The principal currency matches either the asset currency or the income currency, allowing you to apply a single set of fixing parameters to the dual currency instrument. When the principal currency differs from the asset currency for a dual currency instrument, the security calculates principal in the asset currency but converts the local currency amounts to the principal currency at the time the maturity or corporate action is created. It bases the amount on the fixing parameters specified for the dual currency instrument. This field appears if the Dual Currency Indicator field has a value of Yes. |
Settlement Rate Option | 11816 | Specifies the FX rate source used to convert the local accrued amounts into the income and/or principal currency for the dual currency instrument. This conversion determines actual income and/or principal settlement amounts. The system uses this security level source rather than the accounting basis' FX source for the security. This field appears if the Dual Currency Indicator field has a value of Yes. |
FX Rate Type | 11817 | Identifies the type of FX fixing rate the system uses from the Settlement Rate Option field for a dual currency instrument. This field appears if the Dual Currency Indicator field has a value of Yes. Options include:
|
FX Fixing Period Multiplier | 12027 | Specifies the multiplier for the time period or FX fixing period for a dual currency instrument. You can specify a positive number such as 1, 2, or 3, or can specify a negative number. This field appears if the Dual Currency Indicator field has a value of Yes. |
FX Fixing Period | 11818 | Identifies the time period used to calculate the fixing rate for a dual currency instrument. This field appears if the Dual Currency Indicator field has a value of Yes. Options include:
|
FX Fixing Period Date Type | 12028 | Specifies whether the fixing period for a dual currency instrument uses business days or calendar days. This field appears if the Dual Currency Indicator field has a value of Yes. Options include:
|
FX Fixing Business Day Convention | 12029 | Determines how to adjust the calendar date for the FX fixing date if the date would otherwise fall on a day that is not a business day based on the fixing day's calendar. This field appears if the Dual Currency Indicator field has a value of Yes. Options include:
|
FX Fixing Business Center | 12340 | Identifies the business calendar to use for the dual currency instrument's fixing period. This field appears if the Dual Currency field has a value of Yes and the FX Fixing Period Date Type field has a value of Business. |
FX Fixing Date Relative To | 12341 | Identifies the anchor dates for selecting the FX rates for a dual currency instrument. This field appears if the Dual Currency Indicator field has a value of Yes. Options include:
|
Issuer Information | ||
Credit Enhancement | 1532 | Specifies whether the security is credit enhanced. Options include:
|
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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