Set Up Entities for COSTCASH Processing

Owned by Nancy Cohn (Deactivated)
Last updated: Aug 09, 2024 by Jawann Swislow
2 min read

You can identify each entity and accounting basis that uses COSTCASH processing using the Cost Cash Processing (tag 5006) field. By default each entity/basis uses COSTCASH processing. You can also indicate whether each entity eligible for COSTCASH processing uses COSTCASH bulking during COSTCASH processing in the Costcash Bulking Electing (tag 2433) field.

You can use COSTCASH processing with entities that use either an Identified or Average cost method for cash. That is, the Cost Method (tag 22) field has a value of Identified or Average.

To set up entities for use with COSTCASH processing:

  1. From any Eagle window, click the Eagle Navigator button to access the Eagle Navigator.

  2. Enter the panel name to add or change a basic accounting entity, master fund, or accounting basis in the Start Search text box.
    You can specify accounting basis level options related to COSTCASH processing using the Create/Edit Entity panel, Create Master Fund panel, Add a Basis to a Portfolio panel, Edit Master Fund/Sector panel, and/or Edit a Basis on a Portfolio panel. These panels are available in Portfolio Data Center and in Accounting Center. 

  3. Click the link to access the panel.

  4. In the hidden entity- or basis-level Cost Cash Processing field, you can indicate whether the entity/basis uses COSTCASH processing to track foreign cash positions.
    Options include:
    - No. Do not use COSTCASH processing. When a non-base transaction is settled, the STAR engine does not create a COSTCASH position. Understand Entities That Do Not Use COSTCASH Processing
    - Yes. Default. Use COSTCASH processing to track foreign currency positions. When a non-base transaction is settled, the STAR engine creates a COSTCASH position. For more information, see Understand Entities That Use COSTCASH Processing .

  5. In the Costcash Bulking Election field, specify whether the entity uses COSTCASH bulking when you use COSTCASH processing to track foreign currency positions. COSTCASH bulking bulks or consolidates rows in the COSTCASH object to reduce the amount of data stored.
    Options include:
    - No. If the entity uses COSTCASH processing, it does not use COSTCASH bulking.
    - Yes. Default. If the entity uses COSTCASH processing, it uses COSTCASH bulking. Once you select the Yes option, you cannot change it. 

  6. Complete the remaining fields on the panel.

  7. Save your changes.