In the Buy Sellback/Sell Buyback panel, you can manually book an open (buy or short sell) and close (buy or short sell) trade for a buy sellback/sell buyback security.

This article assumes you are familiar with the entity and security level elections that have been made for processing a buy sellback/sell buyback security. You do not need to set up a security master record for a buy sellback/sell buyback security prior to booking the trade. The system creates it automatically when you submit the trade. However, before booking the trade, ensure that the underlying collateral security master record is available along with its fixed or variable interest rate. This information is required to calculate the net settlement amount, as well as the amount lent or borrowed.

Book Open Trades for Buy Sellback/Sell Buyback Securities

To manually book an open trade for a buy sellback/sell buyback security:

From any Eagle window, click the Eagle Navigator button to access the Eagle Navigator.
Enter Open Buy Sellback/Sell Buyback in the Start Search text box.
Click the Open Buy Sellback/Sell Buyback (Accounting Center) link to access the panel.
You see the Open Buy Sellback/Sell Buyback panel.
Complete the options on the Open Buy Sellback/Sell Buyback panel.
Click Submit.
Once the trade is booked, it follows all core accounting processes.
Close the Open Buy Sellback/Sell Buyback bottom tab to return to the Accounting Center.

Open Buy Sellback/Sell Buyback Panel Options

Content on this page:

The following are the options in the Open Buy Sellback/Sell Buyback panel. Note options may vary according to your selections.

Option	Tag	Description
Entity Information
Entity ID	1163	Specifies the unique identifier of the entity.
Entity Name	1164	Specifies the name of the entity.
Base Currency	86	Displays the base currency of the entity.
Buy Sellback & Sell Buyback Identification
Issue Name	961	Specifies the issue name.
Issue Description	962	Describes the issue.
Ticker	13	Specifies the trade ticker of the security.
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 identification number of the primary asset ID type for the security.
Buy Sellback & Sell Buyback Details
Instrument Type	11	Displays the instrument type.
Security Type	82	Displays the security type of the asset.
Quantity Type	12	Displays the quantity generally accepted as a standard for exchange, such as shares, par, units, and contracts.
Price Factor	18	Displays the price factor.
Quantity Scale	19	Displays the quantity multiplier.
Country of Risk	2288	Specifies the country of risk.
Country of Risk Code	10536	Specifies the country of risk code.
Issue Country	2290	Specifies the issue country.
Issue Country Code	1418	Specifies the issue country code.
Issue Currency	85	Specifies the local currency of the security.
Income Currency	1186	Specifies the income currency.
Issue Tax Type	668	Specifies the issue tax type.
Primary Exchange	2291	Specifies the primary exchange.
Primary Exchange Code	17	Specifies the primary exchange code.
Amortization Accretion Rule Type	12008	Specifies the amortization accretion rule type.
Buy Sellback & Sell Buyback Debt Coupon Periods
Coupon	70	Specifies the rate at which the security accrues interest.
Coupon Type Code	97	Displays the type of coupon associated with the security.
Day Count Basis	471	Specifies the number of days assumed in a month or year when interest rates are quoted.
Frequency Code	472	Specifies the payment frequency.
Business Day Convention	1536	Determines 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.
Buy Sellback & Sell Buyback Flags
Trading Flat	3949	Indicates whether the security is trading with or without interest.
Default Indicator	1551	Indicates whether the security is in default.
Default Date	10142	Specifies the date on which the security went into default.
Inactive Flag	11043	Indicates whether the security is inactive.
Accrual Convention Offset Override	1604	Determines when the system begins earning accruals. It specifies whether to use the accrual convention offset from the entity to or override that setting and start accruals from the settlement date. Options include: Override entity election and use settlement date. Overrides the Accrual Convention Offset field (tag 12038) entity level election and starts the accrual from the settlement date. Use election on entity. Uses the Accrual Convention Offset field (tag 12038) entity election and starts the accrual accordingly.
Underlying Collateral Information
Underlying Security ID	1348	Specifies the security identifier of the underlying security.
Underlying Issue Name	2285	Specifies the issue name of the underlying security.
Issuer Information
Issuer ID	1413	Specifies the identifier of the company or municipality that offered the security for sale.
Issuer ID Name	2285	Specifies the name of the issuer.
Buy Sellback & Sell Buyback Dates
Trade Date	35	Specifies the effective date of the trade. The trade date cannot be greater than the post date, accounting date, or settlement date.
Accounting Date	36	Specifies the date the trade is reported and has an effect on the entity's holdings and cash balances. The accounting date must be greater than the trade date.
Monthly Accounting Date	4733	Displays the month end accounting date.
Settlement Date	37	Specifies the date the trade is settled.
Issue Date	68	Specifies the original date of issue.
Dated Date	1183	Specifies the date the security first begins to accrue interest.
Maturity Date	38	Specifies the date that the security repays all outstanding principal and stops earning 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.
Maturity Price	42	Specifies the price at which the security returns principal.
Days Until Maturity	1567	Specifies the days until maturity.
Trade Details
Event Type	55	Specifies the business intent of the transaction. Options include: Buy. Opens a Buy Sellback position. Short Sell. Opens a Sell Buyback position.
Long/Short Indicator	15	Displays an L (long) or S (short) to indicate whether the position is long or short.
Notional Amount	3779	Specifies the par value of the underlying collateral security provided on the buy sellback or sell buyback trade.
Clean Price	1594	Specifies the clean price of the first leg of the buy sellback and sell buyback.
Underlying Principal	7350	Displays the underlying principal amount.
Underlying Accrued Interest Local	1596	Specifies the accrued interest on the underlying security that is calculated while processing the trade.
Haircut Percentage	1579	Specifies the haircut percentage to be applied on the clean price.
Haircut Flag	1580	Determines whether the haircut percentage is used to multiply or divide the clean price. Options include: Multiply Divide
Par Value	40	Specifies the current quantity of the trade. The value in this field must be greater than zero.
Price	45	Specifies the price of the security per unit. The value in this field must be greater than zero.
Principal	165	Displays the principal amount based on the following formula: (Current Shares * Quantity Scale ) * (Price * Price Factor)). This product is rounded to the local currency precision.
Local Net Amount	50	Displays the net amount of the trade based on the following formula: Principle + Fees.
Settlement Currency	63	Displays the currency in which the trade is settled.
Settlement Net Amount	64	Displays the actual settled amount of the trade. The value must be greater than zero.
Local to Base FX Rate	87	Displays the foreign exchange rate used to calculate the net base amount. The value must be greater than zero.
Base Net Amount	478	Displays the base amount of the trade. This amount is calculated based on the following formula: Local Net Amount / Local to Base FX Rate. The value must be greater than zero.
Interest at Maturity	114	Specifies the interest at maturity.
Forward Clean Price	1600	Specifies the forward price or clean price for the second leg of the trade.
Underlying Principal at Maturity	7351	Specifies the underlying principal amount.
Underlying Accrued Interest Local at Maturity	1601	Specifies the accrued interest on the underlying security that is calculated while processing a trade.
Settle Amount at Maturity	1603	Displays the expected settlement amount for the second leg (maturity). Provided as input, or is calculated as follows: Notional Amount * Clean Price (maturity) * Price Multiplier * Quantity Scale+ Underlying Accrued Interest (maturity) local.
Settlement Information
Auto Settle Trade Indicator	58	Indicates whether the system settles the trade, coupon, and miscellaneous income and expenses automatically. Options include: Yes. The system automatically settles the trade, coupon, and miscellaneous income and expenses. The system retrieves the settle date FX rate if the local currency does not equal base and generates a trade to settle date gain/loss. No. Default. The system does not automatically settle the trade, coupon, and miscellaneous income and expenses. You must schedule the settlement for these transactions using the Contract Cash panel. Or, manually settle the transactions using the Multiple Settlements panel. NOTE: If the entity's Auto Settle Indicator field is set to Yes, as specified on the Add/Change Entity or Master Fund Setup panels, the system will create a settlement when the trade is processed. There will be no trade to settle date gain/loss. This applies even if the settlement date is in the future. Eagle recommends that you set the Auto Settle Indicator field to No for the entity and trade panels.
Broker Name	1235	Specifies the name of the primary broker.
Broker Code	88	Specifies the code that represents the broker. The system allows you to add additional broker codes.
Clearing Broker	1236	Specifies the name of the clearing broker, if different from the trade broker.
Clearing Broker Code	1237	Specifies the code for the clearing broker.
Custodian Bank Name	1146	Specifies the name of the custodian bank responsible for the trade. NOTE: You must establish a relationship between the custodian bank and your entity prior to booking the trade.
Custodian Bank Code	1240	Displays the code of the custodian bank.
Custody Bank Account Number	1660	Displays the custodian bank primary account number.
Custody Bank Subaccount	1661	Displays the custodian bank subaccount number.
Settle Instructions 1	1897	Allows you to add settlement notes.
Settle Instructions 2	1898	Allows you to add settlement notes.
Settle Instructions 3	1899	Allows you to add settlement notes.
Settle Instructions 4	1900	Allows you to add settlement notes.
Settle Location	43	Specifies the location in which the trade is settled.
Other Information
Transaction Notes	56	Contains user defined information about the trade.
Original Trade Ticket Number	761	Contains the trade ticket identification number. The system uses it during processing. For example, IDLOT close or cancel events use this number to locate an open lot.
Holding Term	9091	Specifies the holding term for the trade based on the number of days between the original acquisition date (tag 216) and the maturity date (tag 35) on the lot. If you use ledger reporting based on ledger granularity rules to break out accounts by holding term, the system uses this value to identify the holding term for trades related to bonds and preferred stocks. Eagle Accounting's core transaction processing calculates the holding term for you, but you can manually override the value displayed in this field. Eagle Insurance clients that use ledger granularity rules have the system calculate the holding term based on the schedule associated with a lot. Options include: Short Term. Identifies a short term holding. If the Holding Term Method field (tag 11479) in the trade's accounting basis has a value of 90 days, a short term holding term is 91 days to a year. If the Holding Term Method field has a value of 3 months, a short term holding term is 3 full months to a year. Cash Equivalent. Identifies a cash equivalent holding. If the Holding Term Method field (tag 11479) in the trade's accounting basis has a value of 90 days, a cash equivalent holding term is 90 days or less. If the Holding Term Method field has a value of 3 months, a cash equivalent holding term is 3 full months or less.
Regulatory Intent	8915	If you now hold the trade in an entity/accounting basis with the new International Financial Reporting Standards (IFRS) regulatory category of Fair Value Profit Loss (FVPL) but previously held the trade in an entity/accounting basis with the old regulatory category of Fair Value Option (FVO) or Held for Trading (HFT), you can identify the old regulatory category specified for the trade at the entity/accounting basis level. You can specify a value for reporting purposes only. Options include: Fair Value Option. Indicates the trade was previously held in a regulatory category of Fair Value Option, used for instruments managed on a fair value basis. Held for Trading. Indicates the trade was previously held in a regulatory category of Held for Trading, used for instruments held with the intent of selling them.

Book Close Trades for Buy Sellback/Sell Buyback Securities

To manually book a close trade for a buy sellback/sell buyback security:

From any Eagle window, click the Eagle Navigator button to access the Eagle Navigator.
Enter Close Buy Sellback/Sell Buyback in the Start Search text box.
Click the Close Buy Sellback/Sell Buyback (Accounting Center) link to access the panel.
You see the Close Buy Sellback/Sell Buyback panel.
Complete the options on the Close Buy Sellback/Sell Buyback panel.
Click Submit.
Close the Close Buy Sellback/Sell Buyback bottom tab to return to the Accounting Center.

Close Buy Sellback/Sell Buyback Panel Options

The following are the unique options in the Close Buy Sellback/Sell Buyback panel. See the Open Buy Sellback/Sell Buyback Panel Options section for more information about other options.

Option	Tag	Description
Accounting Information
Position Par Value	122	Displays the current quantity of the position.
Par Value/Current Face	40	Displays the current face value of the security.
Lot Selection Method	27	Specifies the lot selection method the system uses to relieve (sell) lots of a security held by the entity. Options include: First In First Out (FIFO). Lots acquired first are sold first. The oldest lot is sold first based on the holding date. If you set the accounting basis Cost Basis Covered Indicator field (tag 2818) to Y, unknown cost lots are relieved first. The oldest cost lot is sold first based on the holding date. Last In First Out (LIFO). Lots acquired last are sold first. The most recent lot is sold first based on the holding date. If multiple lots share the same holding date, the lot with the greatest event sequence is relieved first. The event sequence, set internally by the system, indicates the processing order of transactions within the same position. High Amortized Cost or High Cost (HCLOT). The lots with the highest current cost are sold first. The system uses current unit cost, which includes amortization for debt securities. This method relieves the lots that can generate the maximum loss or the minimal gain. Low Amortized Cost or Low Cost (LCLOT). The lots with the lowest current cost are sold first. The system uses current unit cost, which includes amortization for debt securities. This method relieves the lots that can generate the minimal loss or the maximum gain. High Original Cost (HORIG). The lots with the highest original cost are sold first. The system uses the original unit base cost of the open lots. It relieves the lots that can generate the maximum loss or the minimal gain. Low Original Cost (LORIG). The lots with the lowest original cost are sold first. The system uses the original unit base cost of the open lots. It relieves the lots that can generate the minimal loss or the maximum gain. Identified Lot (IDLOT). The specified lot is sold first, which determines cost and tax implications. You can optimize this option to specific tax situations by selecting the specific lots to be sold. Best Tax. The lots are selected and sold with the objective of taking losses first (short term then long term) and gains last (long term then short term). Lots are sold in the following order: Short term Losses. Lots that reflect a short term loss are sold first, beginning with lots that generate the greatest short term loss down to the least short term loss. Long term Losses. Lots that reflect a long term loss are sold, beginning with lots that generate the greatest long term loss down to the least long term loss. Short term No Gains or Losses. Short term lots that reflect no gain or loss. Long term No Gains or Losses. Long term lots that reflect no gain or loss. Long Term Gains. Lots that reflect a long term gain, beginning with lots that generate the least long term gain up to the greatest long term gain. Short Term Gains. Lots that reflect a short term gain, beginning with lots that generate the least short term gain up to the greatest short term gain. Tax Advantage (TXADV). The lots with the lowest tax liability are sold first to minimize tax liability. Versus Purchases (VSP). The lots are selected and sold based on lot purchase characteristics, such as the target purchase date and the target purchase price. This option must be specified at the trade level. Pro Rata. The lots are selected and sold based on a proportionate allocation. Tax Efficiency. The lots with the lowest tax liability are sold first to minimize tax liability. The system calculates the tax liability based on the manipulation of entity level tax factors for long and short term gains, long and short term losses, and currency gains. The system also incorporates the wash sale disallowance effect and considers the overall tax implications of closing each individual lot. Modified FIFO (MFIFO). The open lots with the same original acquisition date (tag 216) as the close transaction are sold first, starting with the lots with the lowest unit cost local. If there are no open lots with the same acquisition date as the close transaction, or all same day lots have been sold, the oldest open lots are sold first based on the acquisition date. Within a single acquisition date, the lots with the lowest unit cost local are sold first.
Other Information
User Defined Priority	2862	Specifies the user generated number that determines the event sub priority. That is, after the system accounts for the event sequence and corporate action sequence.

Convert Buy Sellback/Sell Buyback Trades

You can load existing buy sellback and sell buyback trades that are outstanding in your existing legacy system.

To manually convert a buy sellback/sell buyback trade:

From any Eagle window, click the Eagle Navigator button to access the Eagle Navigator.
Enter Convert Buy Sellback/Sell Buyback to STAR in the Start Search text box.
Click the Convert Buy Sellback/Sell Buyback to STAR (Accounting Center) link to access the panel.
You see the Convert Buy Sellback/Sell Buyback to STAR panel.
Complete the options on the Convert Buy Sellback/Sell Buyback panel.
Click Submit.
Close the Convert Buy Sellback/Sell Buyback to STAR bottom tab to return to the Accounting Center.

Make Non Financial Trade Data Modifications

The data feeds from trading systems used to load buy sellback and sell buyback trades into the system may not include certain fields relating to the second leg settlement. While these fields are not used for accounting purposes, they are used for reporting. You can use the Non Financial Trade Data Modification option in the Book Trade tool to add the following fields after the trade is processed.

Option	Tag	Description
Forward Clean Price	1600	Provides the clean price for the second leg of the buy sellback or sell buyback trade.
Settlement Amount at Maturity	1603	Derives the settlement amount for the second leg after the clean price is entered.

To make a non financial trade data modification for a sellback/sell buyback trade:

From any Eagle window, click the Eagle Navigator button to access the Eagle Navigator.
Enter Book Trade in the Start Search text box.
Click the Book Trade (Accounting Center) link to access the Book Trade tool.
You see the Query window as the default.
Complete the options in the Query window and click Start Search.
Select the row with the security you want to trade.
Click Other, and click Non Financial Trade Data Modification.
You see the Non Financial Trade Data Modification panel.
Modify the fields for the second leg.
Click Submit.

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