Manage URGL Rules

To ensure compliance with International Financial Reporting Standards (IFRS), the system requires you to identify a URGL rule for any entity or master fund with an accounting basis that has one of the following IFRS regulatory categories assigned: Amortized Cost (AC), Available for Sale (AFS), Available for Sale at Cost (AFSC), Fair Value Option (FVO), Fair Value – Other Comprehensive Income (FVOCI), Fair Value Profit Loss (FVPL), Held for Trading (HFT), Held to Maturity (HTM), Loans and Receivables (LR). Be aware that the Fair Value – Other Comprehensive Income (FVOCI) regulatory category has a requirement that you make realized gain/loss entries on equity securities to a capital account, while all other securities hit an income account. You can use accounting basis level URGL rules to drive the ledger postings for securities held under the FVOCI regulatory category. These rules drive the unrealized posting process for the basis, but are also used to determine the realized G/L account posted to.

To add a URGL rule:

1. From any Eagle window, click the Eagle Navigator button to access the Eagle Navigator.
2. Enter Add URGL Rule in the Start Search text box.
3. Click the Add URGL Rule link to access the panel.
   You see the Add URGL Rule panel.
4. Complete the options on the Add URGL Rule panel. See the URGL Rule Panel Options page.
5. Click Submit.
6. Close the Add URGL Rule bottom tab.

Change URGL Rules

In the Change URGL Rule panel, you can modify the ledger posting elections for a URGL accounting rule. An unrealized gain/loss (URGL) rule establishes the proper treatment of unrealized market and currency gains/losses.

To change a URGL rule:

1. From any Eagle window, click the Eagle Navigator button to access the Eagle Navigator.
2. Enter Change URGL Rule in the Start Search text box.
3. Click the Change URGL Rule link to access the panel.
   You see the Change URGL Rule panel.
4. Complete the options on the Change URGL Rule panel.
5. Click Submit.
   You see the URGL rules that met your criteria in the Show All tab.
6. Select each URGL rule you want to change and click Change Selected URGL Rules.
   You see each rule you selected in the Change Selected URGL Rules tab.
7. Change the URGL rules and click Submit. See the URGL Rule Panel Options section.
8. Close the Change URGL Rule bottom tab.

List URGL Rules

In the List URGL Rule panel, you can list active and current URGL rules.

To list URGL rules:

1. From any Eagle window, click the Eagle Navigator button to access the Eagle Navigator.
2. Enter List URGL Rule in the Start Search text box.
3. Click the List URGL Rule link to access the panel.
   You see the List URGL Rule panel.
4. In the Rule name field, specify a URGL accounting rule name.
5. In the Rule Begin Date field, either specify a rule begin date or leave the field blank to view the current ledger elections for the URGL rule.
6. Click Submit.
7. Close the List URGL Rule bottom tab.

List URGL Rule History

In the List URGL History panel, you can view every historical change made to an individual URGL rule. You can view the history for current and prior URGL rules. If you change IFRS regulatory categories, this option can help you track former URGL rules after you update or no longer use specific URGL rules.

To list URGL rule history:

1. From any Eagle window, click the Eagle Navigator button to access the Eagle Navigator.
2. Enter List URGL History in the Start Search text box.
3. Click the List URGL History link to access the panel.
   You see the List URGL History panel.
4. In the Rule name field, specify a URGL accounting rule name.
5. In the Rule Begin Date field, either specify a rule begin date or leave the field blank to view a complete URGL rule history.
6. Click Submit.
7. Close the List URGL History bottom tab.