Create Master Fund Panel Options

Master Fund Identification

Master Fund ID

1163

Specifies the unique identifier of the master fund entity. It must not contain any blank spaces.

Master Fund Long Name

29

Specifies the full name of the master fund entity.

Master Fund Name

1164

Specifies the abbreviated name of the master fund entity.

Master Fund Code

4324

Specifies the entity code of the master fund entity.

Master Fund Legal Name

1859

Specifies the legal name of the master fund entity.

Master Fund Type

3953

Identifies the type of master fund. The system uses this value for certain Control Center edits and in dilution and mil rate processing. Options include:

• Benchmark. Benchmark.

• IT. Institutional and Trustee.

• MF. Mutual Fund.

• MM. Money Market.

• OFFSHORE. Off Shore.

Money Market Type

16560

Identifies the type of money market fund for the master fund. The option you select does not affect processing. This field appears if you set the Master Fund Type field to a value of Money Market (MM). Options include:

• IMMM (Institutional Municipal Money Market)

• IPMM (Institutional Prime Money Market)

Master Fund Alias

1333

Specifies the master fund entity alias.

Effective Date

1109

Specifies the effective date of the master fund entity. The default is today's date.

Legal Entity Identifier (LEI)

5089

Specifies the Legal Entity Identifier (LEI) that identifies the mutual fund as a financial party. When you enter an LEI value, the system unhides the Legal Entity Identifier Details section for data entry.

NOTE: If the LEI already exists, the LEI details appear.

Nav Election

16559

Indicates if the selected master fund entity uses daily or intraday NAV processing. Options include: 

• Intraday. The master fund is eligible for intraday NAV processing. In the Allocation Fields section, you can select an intraday NAV processing rule. 

• Daily. Default. The master fund is not eligible for intraday NAV processing.

Open/Closed-end Fund

1855

Indicates whether the entity is an open-end or closed-end fund. Options include:

• Open

• Closed

Preferred Shares Processing

16858

Indicates whether the master fund is eligible for preferred shares processing. This field appears if you set the Open/Closed-end Fund field to a value of Closed. Options include: 

• Yes. The fund is eligible for preferred shares processing. If you select Yes, under Fund Distribution Fields, the Daily Distribution Method field displays a value of Preferred Stock Distributions. Under Allocation Fields, the panel hides the Class Allocation Rule and the Sector Allocation Rule fields.  

• No. The fund is not eligible for preferred shares processing.

Legal Entity Identifier Details

Legal Name 

5090

Specifies the legal name of the mutual fund as the financial party registered with the LEI.

Entity Status

5091

Specifies the status of the mutual fund. For example, ACTIVE and INACTIVE.

Legal Form

5092

Specifies the legal form of the mutual fund as financial party registered with the LEI. For example, CORPORATION.

Assigned Date

5093

Specifies the date when the mutual fund's LEI was assigned.

Last Update Date

5094

Specifies the date when the mutual fund's LEI information was last updated.

Disabled Date

5095

Specifies the date when the mutual fund's LEI information was disabled.

Record State

5096

Specifies the record state for the mutual fund'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

Specifies the certification state used to register the mutual fund's LEI. For example, CERTIFIED, NOT_CERTIFIED, STALE.

Street

5098

Specifies the street address used to register the mutual fund's LEI.

City

5099

Specifies the city used to register the mutual fund's LEI.

State

5100

Specifies the state code used to register the mutual fund's LEI.

Zip

5180

Specifies the ZIP code used to register the mutual fund's LEI.

Country Code

5181

Specifies the country code used to register the mutual fund's LEI.

Master Feeder Fund Structures

Master/Feeder Fund Relationship

2201

Indicates if the master fund is part of a master feeder fund structure. You can create a master and feeder fund relationship and use that relationship to allocate income, expense, realized and unrealized gains and losses from the master fund to the feeder fund. This fund structure allows you to consolidate multiple portfolios into one. This consolidation allows advisers to reduce their trading and operating cost. Options include: 

• Yes. The master fund is part of a master feeder fund structure. 

• No. Default. The master fund is not part of a master feeder fund structure. 

Master/Feeder Fund Type

16618

Indicates whether the master fund is a master feeder fund or a feeder fund if you use it within a master feeder fund structure. This field appears if you set the Master/Feeder Fund Relationship field to a value of Yes. Options include: 

• Master Feeder Fund. The master fund is a master feeder fund. If you select this value, you must identify a master feeder fund allocation rule in the Allocation Fields area. 

• Feeder Fund. The master fund is a feeder fund. 

Fund to Fund/Underlying Fund Identification

Automatic Reinvestment of Daily Distribution

11957

Determines whether to automate the reinvestment of daily distributions for the top level fund. A top level fund, which holds an underlying fund, can itself be held by another fund. Options include No (Default) and Yes.

Automatic Reinvestment of Periodic Distribution

11958

Determines whether to automate the reinvestment of periodic distributions for the top level fund. Options include No (Default) and Yes.

TF Held as Security

10599

Determines whether the fund is a single class fund. Options include No (Default) and Yes. If you select Yes, the TF NAV Price Precision field and the TF Fund Primary Asset ID field appear.

TF NAV Price Precision

10600

Specifies the number of digits for the NAV precision. This option is required if you set TF Held as Security to Yes.

TF Fund Primary Asset ID

1348

Specifies the security identifier of the security representing the fund. For example, EQEQMF for funds making period distributions and DBMFDD for funds making daily distributions. This option is required if you set TF Held as Security to Yes.

Core Accounting Fields

Primary Accounting Basis

21

Specifies the primary accounting basis for the entity. You cannot edit this field after you create the entity. The system is installed with a set of values for this field. You can add additional code values using the Codes workspace. Options include:

• USTAX. Default. The system is set up in accordance with domestic tax regulations.

• GAAP. The system is set up in accordance with Generally Accepted Accounting Principles (GAAP). This is the most common basis.

• IFRS. The system is set up in accordance with International Financial Reporting Standards (IFRS).

• STAT. The system is set up for use with statutory insurance.

Controlling Basis

4949

Indicates whether the selected accounting basis is the entity's controlling basis for use with for same lot selection. Same lot selection allows the system to relieve the same lots across multiple bases in order to keep lots in sync across bases. Options include:

• Yes. Indicates that the accounting basis identified in the Primary Accounting Basis field (tag 21) is the entity's controlling basis. The controlling basis is the accounting basis that controls lot selection for closing transactions. An entity can have a single controlling basis. You can designate a primary or a non primary basis as the controlling basis. 

• No. Indicates that the accounting basis identified in the Primary Accounting Basis field (tag 21) is a non-controlling basis for the entity during same lot selection. A non-controlling basis attempts to close the same lots that the controlling basis closed. An entity can have one or more non-controlling bases.

• Empty. Indicates that the accounting basis identified in the Primary Accounting Basis field (tag 21) does not participate in same lot selection.

Regulatory Category

12387

Specifies the regulatory category associated with International Financial Reporting Standards (IFRS). A regulatory category is a classification that determines how to account for financial instruments. The new IFRS 9 categories that replace IAS 39 categories include Amortized Cost, Fair Value - Other Comprehensive Income, and Fair Value Profit Loss. IFRS 9 categories classify debt instruments based on their contractual cash flow characteristics and the business model in which they are held. Equity securities are classified in the FVOCI or FVPL regulatory categories. If you set the Accounting Basis field to a value of IFRS, you must specify a regulatory category. If you choose an accounting basis value other than IFRS, use of a regulatory category is optional. All investments within an entity/accounting basis must have the same regulatory category. A multi basis entity can have different regulatory categories by basis. Options include:

• AC (Amortized Cost). Used for debt instruments when the business model in which the financial assets are held has an objective to hold assets to collect contractual cash flows. Contractual cash flows must be solely payments of principal and interest on the principal amount outstanding (P&I).

• AFS (Available for Sale). Used for financial assets that are available for sale.

• AFSC (Available for Sale at Cost). Used for instruments that are valued at cost and are available for sale.

• FVO (Fair Value Option). Used for instruments managed on a fair value basis.

• FVOCI (Fair Value – Other Comprehensive Income). Used for debt instruments when the business model in which the financial assets are held has an objective both to hold assets to collect contractual cash flows and to sell financial assets. Contractual cash flows must be solely payments of principal and interest on the principal amount outstanding (P&I). Used for equity investments only if an entity makes an irrevocable election on initial recognition for the equity investments to be measured at FVOCI without recycling gains and losses to earnings.

• FVPL (Fair Value Profit Loss). Used for all other instruments, including derivatives, those held for trading, and those managed on a fair value basis. Includes debt instruments not qualified for AC or FVOCI regulatory categories. Also includes equities not designated as FVOCI and derivatives plus debt securities that are classified with an FVO election.

• HFT (Held for Trading). Used for instruments held with the intent of selling them.

• HTM (Held to Maturity). Used for non derivative financial assets that you intend to hold to the asset's maturity or payment date and whose cash value is not needed until that date.

• LR (Loans and Receivables). Used for non derivative financial assets with fixed or determinable payments that are not quoted in an active market.

• MFFVO (Mutual Fund Fair Value Option). Used with mutual funds with a Fair Value Option category. This regulatory category is for informational purposes only, and does not have a corresponding custom chart of account to use in ledger reporting. No core processes for Eagle's Accounting solution are affected.

• MFHFT (Mutual Fund Held for Trading). Used with mutual funds with a Held for Trading category. This regulatory category is for informational purposes only and does not have a corresponding custom chart of account to use in ledger reporting. No core processes for Eagle's Accounting solution are affected.

• O (Other). Used for other instruments.

Regulatory Category Effective Date

9137

Identifies the date that the regulatory category is eligible for processing. This field appears after you specify a regulatory category value. When you first enter a regulatory category, this field displays the entity's inception date by default, but you can override that value. When you change a regulatory category, you can specify the effective date for that change. If you change categories, be aware that the system uses the Regulatory Category Effective Date field value to determine the chart of account in effect for reporting purposes. Reports process based on the custom chart of account that was "active" during the period, using the report end date to determine what was active.

URGL Accounting Rule

1079

Specifies the URGL (unrealized gain/loss) rule for the entity/accounting basis that establishes proper treatment of unrealized market and currency gains/losses to ensure compliance with International Financial Reporting Standards (IFRS). This option is required only if you select a regulatory category of Amortized Cost, Available for Sale, Available for Sale at Cost, Fair Value Option, Fair Value – Other Comprehensive Income, Fair Value Profit Loss, Held for Trading, Held to Maturity, or Loans and Receivables. The URGL rule used for a Fair Value – Other Comprehensive Income basis determines whether the system recognizes realized gains and losses in other comprehensive income rather than earnings. For more information, see Manage URGL Rules. 

Netting Rule Name

1887

Specifies the netting rule used to net interest rate swaps' and credit index swaps' long and short positions with the same primary asset ID. This allows you to book swaps long and short rather than as opens and closes. This rule gives you the option to net interest rate swaps' and credit index swaps' long and short positions and consolidate multiple lots into one lot when you use the global Run Swap Netting process.

Primary Accounting Basis Postmatrix Type

11708

Specifies which ledger posting matrix the entity/primary accounting basis uses when determining the accounting ledger postings required for a given event. Options include:

• Core. Default. Used if entity is an investment or mutual fund.

• Insurance. Used if entity is insurance related (Schedule D).

Primary Accounting Basis Lot Selection Rule

2299

Relieves the current holdings of a security for a primary accounting basis. This option determines processing for the open lots that are eligible to be closed on an additional accounting basis. Options include:

• Use Basis Value Unless Event = IDLOT or VSP. Default. The system uses the value in the accounting basis table unless the incoming event has a lot selection method of Identified Lot (IDLOT) or Versus Purchase (VSP).

• Use Event Value. The system uses the lot selection method from the incoming event and does not utilize the lot selection method in the accounting basis table.

• Always Use Basis Value. The system uses the accounting basis default regardless of what lot selection method is on the incoming event.

• Use Historical Method Unless Event ID = IDLOT or VSP else use event. The system uses the historical lot selection method on the accounting basis unless the lot selection method on the incoming event is equal to Identified Lot (IDLOT) or Versus Purchase (VSP).

Primary Accounting Basis Mixed Cost Basis Indicator

11664

Determines if the entity/primary accounting basis uses a mixed cost basis. A mixed cost basis allows you to override the entity's accounting basis level elections for the cost method, lot selection method, and lot selection method rule used during transaction processing. You can define mixed cost basis rules based on transaction criteria that includes processing security type (PST) group, processing security type, security type, cost basis rule type, and asset ID, as well as by using each of these criteria in combination with a specified entity. For more information, see Manage Mixed Cost Basis Rules. This field appears in the accounting basis entry panels as the Mixed Cost Basis Indicator (tag 11664) field. Options include:

• Yes. The entity/primary accounting basis uses a mixed cost basis. The Primary Basis Mixed Cost Basis Rule Name field becomes available.

• No. Default. The entity/primary accounting basis does not use a mixed cost basis. 

Primary Accounting Basis Mixed Cost Basis Rule Name

11666

Specifies the name of the mixed cost basis rule to use for the entity's primary accounting basis. This option appears if you set the Primary Basis Mixed Cost Basis Indicator field to Yes.

Cost Method

22

Specifies the cost method the system uses to calculate gain/loss amounts from the sale of security lots held by the entity. You cannot edit this field once the entity has holdings. Eagle's Accounting solution is a multiple basis accounting system. If you set up an additional accounting basis, it must have the same cost method as the primary accounting basis. Options include:

• Identified. Default. The system determines which lot to relieve (sell) based on the value in the Lot Selection Method field. After identifying the lot, the system determines its cost and compares that to the lot's earnings to calculate a gain or loss amount for reporting purposes. If you select Identified, you can amortize fixed income securities using all the options the system has available. For more information, see Manage Amortization and Yield Calculations.

• Average. The system determines which lot to relieve (sell) based on the value in the Lot Selection Method field. After identifying the lot, the system determines the average of all of the holdings (total cost of holdings divided by the number of holdings) to calculate a gain or loss amount for reporting purposes. If you select Average, you can amortize fixed income securities using only selected options the system has available. The system applies the total amortization to individual lots based on the percentage of total par owned in the position. For Average Cost portfolios, Eagle Accounting supports only certain amortization methods. For more information, see Understand Average Cost Amortization.

Eagle Accounting supports the cost basis legislation regulations included in the Emergency Economic Stabilization Act of 2008. These regulations, which apply to various types of securities, affect debt securities and options posted on or after January 1, 2013. If a portfolio follows these mandatory guidelines, you must perform additional setup tasks to enable cost basis reporting. For information about enabling cost basis reporting, adding rules for covered and uncovered securities, defining mixed cost basis rules to override your basis level elections for the cost basis method, and information about changing cost methods, see the Cost Basis Legislation Quick Reference Guide.

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 or lots are 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. If you select this method, the lower pane in the close trade panel displays lot details for each available lot, as determined by the entity's controlling basis. If no controlling basis exists, it displays lots for the primary basis. You must specify the quantity for one or more lots that you want to relieve. The total quantity you specify for the open lots must match the quantity entered for the total close. The close trade relieves the selected lots in each of the entity's accounting bases, and keeps the lot structures in sync. The system uses the lot's Orig Event ID field (tag 457) to match a single open lot in one basis to corresponding multiple open lots in another basis, as needed. This can occur for lots fractured as a result of wash sale processing.

• 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:

  1. 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.

  2. 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.

  3. Short term No Gains or Losses. Short term lots that reflect no gain or loss.

  4. Long term No Gains or Losses. Long term lots that reflect no gain or loss.

  5. 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.

  6. 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. Note that this option is available at the mixed cost basis rule detail level but is not available at the entity/basis level.

• 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.

• Tax Service. (For future use)

Cost Method Cash

9924

Specifies the cost method the system uses to calculate gain or loss amounts from the sale of foreign currency lots held by the entity. You cannot edit this field once the entity has holdings. The system bypasses rollback and replay processing for same day cost of cash activity. The system processes open and close trades for the same date in the order in which the trades arrive. As a result, some close trades may be processed prior to open trades. The average cost close trades do not include the cost of open trades that have not been processed. This may result in small variances in gains and losses for entities processing average cash. There is no effect on ID lot gains and losses. Options include:

• Identified. The system determines which foreign currency lot to relieve (sell) based on the value in the Lot Selection Method Cash field, which is always FIFO. After identifying the lot, the system determines its cost and compares that to the lot's earnings to calculate a gain or loss amount for reporting purposes.

• Average. The system determines which foreign currency lot to relieve (sell) based on the value in the Lot Selection Method Cash field, which is always FIFO. After identifying the lot, the system determines the average of all of the holdings (total cost of holdings divided by the number of holdings) to calculate a gain or loss amount for reporting purposes.

Account Base Currency

86

Specifies the base currency of the entity. You cannot edit this field once the entity has holdings. You can set up the master fund to report on more than one base currency if you add an additional accounting basis.

Country of Tax Code

1342

Specifies the ISO country code of the country in which the entity is located. The system uses the value in the Country of Tax Code field to calculate tax withholding and tax reclaim rates. The system uses the Country of Tax field to determine the applicable tax withholding and reclaim rates in the Global Tax table. The system provides the list of countries and their associated ISO country codes in the COUNTRY CODE category as part of the installation upgrade process. If you enter a value in the Country of Tax Code field, the system fills in the Country of Tax field with its corresponding value. This option exists solely on the entity record, and the value can be edited after the entity is established. The dynamic lookup is based on the COUNTRY CODE code category under source Eagle PACE. For more information, see Manage Tax Withholding and Reclaim Processing.

Country of Tax 

1193

Specifies the name of the country in which the entity is domiciled. If you enter a value for the Country of Tax field, the system fills in the Country of Tax Code field with the corresponding value. The system uses this option as a working storage field to reconcile the Country of Tax Code field. This field is not stored in the Eagle Accounting database. The dynamic lookup is based on the COUNTRY CODE code category.

Tech Short Eligible Indicator 

57

Indicates whether the entity can go technically short (book sell transactions prior to buys that will eventually be posted). Options include:

• Yes. Default. The system allows you to oversell, sell without a buy, and process a buy to cover without the short. Setting this field to Yes allows you to use the system's rollback and replay feature to adjust earnings. The system creates a negative long position (for an oversell or sell without a buy) or a negative short position (for a buy to cover without the short) and when the buy is received, the system replays that sell transaction.

• No. The system does not allow you to oversell, sell without a buy, or process a buy to cover without the short. The system rejects the trade and sends it to the Exceptions workspace to be reprocessed manually.

Wash Sale Inhibit Indicator

775

Indicates whether the system can apply the wash sale rule to trades. Options include:

• No. Default. The system applies the wash sale rule. The system does not record a loss on a sale of a security when you buy substantially identical securities within 30 days before or after the sale. If you select No, the system uses the value you specify for the Wash Sale Eligible Flag field on the trade panel to determine whether to process wash sales.

• Yes. The system does not apply the wash sale rule. The system records a loss on a sale of a security when you buy substantially identical securities within 30 days before or after the sale. If you select Yes, the system does not process wash sales, regardless of the value you specify for the Wash Sale Eligible Flag field on a trade panel.

Chart of Account

1641

Specifies the entity's chart of account to use in ledger reporting for the accounting basis. The system is installed with a core chart of accounts that contains more than 400 account numbers and descriptions. Custom chart of accounts are also available for each of the IFRS regulatory categories. You must select a value for this field even if you are not using the general ledger. The default field value is STAR. If you edit this value after the entity has holdings, the changes go into effect on the specified Regulatory Category Effective Date field value.

Ledger Granularity Rule Name

8939

Specifies the name of the ledger granularity rule associated with the entity/accounting basis. A ledger granularity rule allows you to customize both your core ledger posting for a breakout by holding term and your custom postings based on security master attributes as well as targeted securities.

Ledger Granularity Rule

8933

Displays the instance number associated with the Ledger Granularity Rule Name selected.

Ledger Granularity Rule Effective Date

155

Specifies the first date when transaction processing will apply the ledger granularity rule selected for the entity/accounting basis.

Holding Term Method

11479

Indicates whether the entity/accounting basis calculates the holding term for short term versus cash equivalent holdings at 90 days or at 3 months. If you use ledger granularity rules to customize your core ledger posting for a breakout by holding term, this option determines how the system calculates that holding term. This field appears after you select a ledger granularity rule. Options include:

• 90 Days. When you use the system to calculate the holding term, it designates lots bought within 90 days to maturity as cash equivalent (CE) and designates lots bought within one year to maturity, taking leap years into account, as short term (ST).

• 3 Months. Default. When you use the system to calculate the holding term, it designates lots bought within three months to maturity as cash equivalent (CE) and designates lots bought within one year to maturity, taking leap years into account, as short term (ST).

Entity Status

1283

Identifies the entity as active or inactive. You can use the Change Entity Active Status panel to change the status. Options include:

• Active. Default. The system reports the entity as active.

• Inactive. The system reports the entity as inactive.

Short Term Price Method

1872

Specifies how the system prices short term debt instruments. The system identifies a short term fixed income security if the period from Issue Date to Maturity Date is less than or equal to 365 days. It does not do so by Processing Security Type. Options include:

• Cost. The system prices the short term debt instruments based on the amortized cost of the securities. No unrealized gain/loss entries are created. You must select Cost if you are processing short term discount accruals.

• Market. Default. The system prices the short term debt instruments using market prices rather than the amortized cost of the securities. Unrealized gain/loss entries are created.

Price Level

12007

Identifies the default price level that the system uses if the entity prices short term fixed income securities priced at amortized cost. This field appears if you set the Short Term Price Method to Cost. The field displays a value of 1 by default, but you can change it to a value of 1, 2, or 3. Eagle Accounting uses the price level in Fair Value Level reporting.

Accounting Period Frequency

624

Specifies the number of accounting periods per calendar year for the entity. You cannot edit this field once the entity has holdings. Options include:

• Daily. Default. The system establishes one accounting period for each day of the year. If the entity is using a business calendar, the system establishes an accounting period for business days only.

• Monthly. The system establishes twelve accounting periods for a given year.

• Weekly. The system establishes one accounting period for each week of the year.

Bifurcation Method

5825

Specifies how the system handles gains and losses on foreign securities and foreign debt instruments. Gains and losses from foreign security and debt instruments may be posted to currency gain/loss ledger accounts, capital gain/loss ledger accounts, or to both. There is no currency gain/loss for domestic securities so you can select No in this field if your organization trades only in domestic securities. For more information, see Understand the Bifurcation Method. Options include:

• Section 988. Default. The system determines whether to bifurcate (split into parts) the gain/loss between capital and currency based on the security type. You need to specify which security types are eligible for section 988 bifurcation using the Codes workspace. If a security is not set up with a processing security type code, it is not eligible for bifurcation under Section 988. In this case, the system posts capital and currency realized gains/losses to the capital realized gain/loss general ledger accounts.

• No. The system does not bifurcate (split into parts) the gain/loss between capital and currency. The system posts the capital and currency realized gains/losses to the capital realized gain/loss general ledger accounts only.

• All. The system bifurcates (split into parts) the gain/loss between capital and currency regardless of the security type. The system posts the capital realized gains/losses to the capital realized gain/loss general ledger accounts and the currency realized gains/losses to the currency realized gain/loss general ledger accounts.

TBA Cashflow

9406

Specifies whether a TBA security functions as a buy or sell or nets the difference. For more information, see Understand To Be Announced (TBA) Trades. Options include:

• Yes. Create cash flows for the open of the TBA tax lot.

• No. Default. Do not create cash flows for the open of the TBA tax lot, but create the net cash flow at the close of the position.

Stale Factor Processing

8141

Specifies whether the system automatically rolls back and replays stale factor trades when performing factor processing. For more information, see About Stale Factor Processing. Options include:

• Yes. In the month the trade settles, cancel and rebook the original trade using the most recent factor.

• No. Default. Do not cancel and rebook the original trade using the most recent factor.

Swap Accrual Method

1184

Specifies how entities post interest accruals and dividends for swaps. Options include:

• Income/Expense. Posts interest accruals and dividends to Income and Expense accounts in the general ledger.

• Unrealized. Posts interest accruals and dividends to unrealized Capital accounts in the general ledger.

Calendar Business Days

824

Specifies whether the fund spreads expenses over the weekends and holidays. It affects the Average Net Assets report. Options include:

• Calendar. Default. Fund spreads expenses over the weekends and holidays.

• Business. Fund does not spread expenses over the weekends and holidays.

Expense & Capitalize Trans Costs for Opens & Closes

10705

Determines if transaction fees are expensed or capitalized for acquisitions, and if transaction fees are expensed or netted against proceeds for dispositions. This option supports International Financial Reporting Standards (IFRS) requirements for trades and transaction fees. You cannot edit this field once the entity has holdings. The following trade related fees are considered transaction fees: Commission field (tag 47), SEC Fee field (tag 48), Tax field (tag 46), Stamp Duty Tax field (tag 51), Other Fee field (tag 3752). The Federal Tax Withholding field (tag 8078) and State Tax Withholding field (tag 8079) are not considered transaction fees. Options include:

• Capitalize Trans Fees on Opens & Net Trans Fees Against Proceeds on Closes

• Expense Trans Fees on Opens & Net Trans Fees Against Proceeds on Closes

• Expense Trans Fees on Open and Close Trades

Costcash Bulking Election

2423

Specifies 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. 

Manager Allocation

2841

Specifies whether manager allocations apply to the fund. Options include No (default) and Yes.

Capital/Income Processing

2775

Determines whether capital/income processing for NAV calculations is enabled. Options include:

• No. Default. The calculation of Capital and Income NAVs for unit trusts is not enabled.

• Yes. The calculation of Capital and Income NAVs for unit trusts is enabled, including calculations of the NAV components, Capital NAV and Income NAV, and the total NAV used for pricing. In addition, the system tracks undistributed income for domestic and foreign interest income, domestic and foreign dividend income, and domestic and foreign miscellaneous income. The Periodic Distribution Rule (tag 2776) field becomes available.

Backup Withholding Indicator

2768

Controls whether backup withholding is required. Options include:

• No. Default. Backup withholding is not required.

• Yes. Backup withholding is required. You must enter a value for the Backup Withholding Rule Description field. TEFRA legislation requires backup withholding if you have not provided a taxpayer ID.

Backup Withholding Rule Description

2761

Specifies the rule identifying the account subject to backup withholding and the dates the restrictions apply. You can use the Create Entity Backup Withholding Rule panel to set up the rule. This option is required if you set the Backup Withholding Indicator field to Yes.

Cost Basis Covered Indicator

2818

Determines whether a portfolio follows the mandatory reporting guidelines as stored at the accounting basis level. When enabled, the system creates a bifurcated position and determines uncovered/covered statuses for the securities/lots the portfolio holds as new trades are received.

Book Value Breakdown Flag

2904

 Indicates whether to process book value by component for fixed income securities. Options include:

• Yes. Process book value by splitting the cost of the transaction into two parts: par and cash premium/discount (CP). CP is the difference between par and the price paid. Par is booked to cost of investments and CP is booked to an asset CP account. As close transactions are booked, the par, CP, and any other fees booked are proportionally closed.

• No. Do not process book value by component.

Business Sector

9512

Identifies the business sector associated with the entity. You use this field when performing Weighted Average Balance (WAB) calculations.

Pending Trade Eligible Indicator

3679

Specifies whether the system can apply pending trade rules to place incoming transactions for the entity into the pending trade workflow. Eagle's Accounting solution can pend transactions received from upstream systems if those transactions require further evaluation prior to processing by the STAR accounting engine. Options include Yes and No.

Margin Transaction Fees

3889

Defines the treatment of commissions for securities with variation margin. Options include:

• Expense. The system recognizes expenses for commissions on the opening and closing of contracts with variation margin. The commissions are recognized as a transaction cost rather than netted in the initial recognition of unrealized gains/losses. You can view the transaction fees on the General Ledger report.

• Capitalize. Default. The system nets the initial recognition of unrealized gains/losses on the opening and closing of contracts with variation margin.

PIK URGL Flag

3859

Indicates whether unrealized gain/loss is posted for a Payment in Kind (PIK) bond interest receivable. Options include:

• Yes. Allows the accounting basis to post daily mark to market entries for interest receivable when a security has a processing security type (PST) of Interest Bearing Debt PIK (DBIBPK) and there is a PIK Receivable Mark to Market schedule for the coupon period. For more information, see About Calculating URGL for a PIK Receivable Balance.

• No. The Accounting basis is not able to daily mark to market PIK unrealized.

Cost Cash Processing

5006

(Hidden field) Indicates whether the entity uses COSTCASH processing to track foreign cash positions. Options include:

• No. The entity does not use COSTCASH processing. When a non-base transaction is settled, the STAR engine does not create a COSTCASH position. For more information, see Understand Entities That Do Not Use COSTCASH Processing. 

• Yes. Default. The entity uses 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 Manage COSTCASH Processing.

QDI Treaty Flag

4487

Enables the use of the QDI Tax Treaty table for securities in the entity. QDI (qualified dividend income) is a category of dividend income that is taxable at lower rates than ordinary income under the Jobs and Growth Tax Relief Reconciliation Act of 2003. The Tax Relief, Unemployment Reauthorization, and Job Creation Act of 2010 extended the QDI expiration date through the end of 2012. QDI is defined as dividends received from domestic corporations and certain foreign corporations. Options include:

• Yes. Dividends with countries populated on the QDI Tax Treaty table are considered QDI eligible and the QDI Eligible Flag field (tag 2905) on the security master file is ignored. To add a country to the QDI Tax Treaty table, use the Create QDI Tax Treaty panel. You can also use the Create QDI Tax Treaty Exclusion panel to exclude specific securities from QDI eligibility.

• No. Default. The entity uses the QDI Eligible Flag field (tag 2905) on the security master file to determine QDI eligibility.

Cash Based Div Recognition Flag

16160

Indicates whether to process cash dividend income, tax, and reclaim in the accounting ledger on ex-date or upon the settlement of the associated cash. For more information, see Recognize Dividend Income on a Cash Settlement Basis. Options include:

• No. Default. The system recognizes dividend income on an ex-date basis.

• Yes. The system recognizes dividend income on a cash settlement basis.

FX Election for Cash Div Recognition

16160

If you recognize dividend income on a cash settlement basis, indicates whether the system selects the FX rate used for foreign dividend settlement using the ex-date FX rate or the settlement date FX rate. It applies only to the settlement of dividends issued by a foreign security. This field appears if you set the Cash Based Div Recognition Flag field to a value of Yes. Options include:

• Ex-date. Recognizes the income using the ex-date FX rate.

• Settlement Date. Recognizes the income using the settlement date FX rate.

Equity Method Treatment

16084

If the selected accounting basis uses the equity method of accounting, identifies the treatment of assets held under the equity method of accounting. You cannot change this value when you edit an entity/basis. Options include:

• STAT Treatment. Indicates that you are using the equity method of accounting with a STAT accounting basis for use with statutory insurance. If you are creating or editing a STAT basis that uses the equity method, you must choose STAT Treatment. You can apply the STAT Treatment to any basis other than a GAAP basis.

• Other Treatment. Indicates that you are using the equity method of accounting with a non-STAT accounting basis, such as a GAAP basis that uses Generally Accepted Accounting Principles (GAAP). You can apply the Other Treatment to any basis other than a STAT basis.

Income Received Accounting Flag

16557

Determines whether the selected accounting basis uses the income posting treatment to create separate entries within the ledger to identify interest income received and/or dividend income received in unique income ledger accounts. This option is for use by Insurance companies that need to reconcile the investment accounting activity reflected on their investment schedules to related ledger accounts on their trial balances. See Record Unique Ledger Postings for Income Received. Options include: 

• Yes. Allows the system to use the income posting treatment to create separate entries within the ledger to identify interest income received and/or dividend income received in unique income ledger accounts. The system records unique ledger postings for interest received recorded in an income ledger account for interest income received and for dividend income received in an income account for dividend income received. When interest receivables and/or dividends receivables are reduced for cash received, additional postings entries are required to record interest or dividends received. 

• No. The system does not use the income posting treatment to create separate entries within the ledger to identify interest or dividends received in unique income ledger accounts.

Mark to Market Accounting Flag

16634

Determines whether the selected accounting basis uses the mark-to-market breakout. This breakout is for use by Insurance companies that need to reconcile the investment accounting activity reflected on their investment schedules to related ledger accounts on their trial balances. See Record Unique Ledger Postings for Income Received. Options include: 

• Yes. Uses the mark-to-market breakout. Eagle Accounting create separate mark to market unrealized gain/loss accounts for each foreign-denominated receivables and payables. This only includes interest receivables, interest payables, dividends receivables, dividends payables, investment receivables, and investment payables accounts. It applies to all accounting bases as well as the STAT basis. In addition, the offset to the mark to market record in unrealized gain/loss non-asset accounts has its own accounts related to the specific receivable/payable account in Eagle Accounting. 

• No. Does not use the mark-to-market breakout. Eagle Accounting's mark to market (MTM) process creates one asset/liability combining all mark to market unrealized FX gains/losses.

Segregate Derivatives

16253

Indicates whether the system segregates derivative positions by clearing broker for the entity. Otherwise, If you do not use cash segregation for the entity, you can segregate derivatives in order to allow the system to process derivatives with multiple brokers. Options include:

• Yes. Eagle Accounting segregates derivatives. If you set the Position Cash Segregation Basis Indicator field to Yes, indicating that you use cash segregation and the entity has a custody accounting basis, the system sets the Segregate Derivatives field to Yes. The system must additionally segregate derivatives on the non custody basis because cost is notional and the system determines cash based on the lot closed. If you set the Position Cash Segregation Basis Indicator field to no and the entity does not use cash segregation, you can also select Yes to process derivatives with multiple brokers and keep positions segregated by clearing broker.

• No. Default. Eagle Accounting does not segregate derivatives.

Variation Margin Override Rule Name

1081

Allows multiple clients on the same platform to share the same security reference data for futures, future options, and/or cleared swap security master records but to suppress, by entity and processing security type, the variation margin logic on securities set up for variation margin. Futures, future options, and swaps include a Variation Margin (tag 4533) option on the security master record that indicates whether to calculate variation margin. In multi-client environments, some clients may want to use Eagle's variation margin functionality while other clients need to use a model external to Eagle Accounting for variation margin processing. In order to maintain a single security master record and accommodate client-specific elections, an entity-level variation margin override setting allows you to override the security-level setting in applicable entities for certain processing security types. For more information, see Override a Security's Variation Margin Setting for an Entity.

You cannot edit this field after you create the entity. You cannot apply a variation margin override rule to an entity if the rule includes a processing security type that the entity ever held. 

Ex-Interest Coupon Recognition Date

16311

Indicates whether the system can create coupons for the entity posted on ex-date rather than on coupon day. For more information, see About Ex Interest Processing. Options include:

• Ex-Date. When you process accruals on the ex-date of a bond, the system creates a coupon entitlement for each settled lot. That is, for any lot entitled to the coupon, the system creates a traded cash record for the full coupon that is paid to the current holder of the bond. The system uses the security's ex interest schedule or the security's Ex-Interest Days field to determine the ex interest days. 

• Coupon Date. Default. Coupons post on coupon day. 

Payup Adjustments Only

11319

Determines whether Eagle Accounting produces a new open lot for a payup or allows a payup to create an open adjustment and modify the shares of the original open lot instead of creating a new open lot. For more information, see Payup Adjustments Only Option Example. Options include:

• Yes. Books payups as an adjustment to the current open lot. Used when processing book value by component.

• No. Default. Books payups as a new lot.

Deliver By Settlement Dt

18298

Determines whether the system processes activity for Deliver and Interportfolio Transfer (IPT) events only on those lots that passed settlement date. Options include: 

• Yes. The system processes activity for Deliver and Interportfolio Transfer events only on those lots that passed settlement date for the entity/accounting basis. For IPTs, this applies only to events with Quantity/Ratio set to Quantity with a quantity transfer amount. 

• No. Default. The system processes activity for Deliver and Interportfolio Transfer (IPT) events on any lot, based on trade date, for the entity/accounting basis.

Begin Date By Settlement

18299

Identifies the date on which the system begins to process activity for Deliver and Interportfolio Transfer (IPT) events only on those lots that passed settlement date for the entity/accounting basis. Prior to this date, the system processes any activity for Deliver and Interportfolio Transfer (IPT) events on any lot based on trade date. This field appears only if you set Deliver By Settlement Dt to Yes. 

Dates

Inception Date

1138

Specifies the date the entity was created in the marketplace. Eagle's Performance solution uses this information.

STAR Start Date

2198

Specifies the date the entity was set up in the system. The system calculates accounting periods based on the date range you enter in the STAR Start Date and Fiscal End Date fields. You cannot edit this field after you create the entity.

Fiscal End Date

1162

Specifies the last date of the entity's fiscal year, which the system uses as the ending date range when adding accounting periods. The system uses this field during the Year End Close process, an automated process that rolls up all balances from the realized gain/loss accounts and income and expense ledger accounts and posts the balances to the accumulated undistributed gain loss ledger account (3003000100). You cannot edit this field after you create the entity.

Termination Date

1161

Specifies the termination date of the entity. The TERMINATION_DATE column in the Entity table is used to indicate the date by which an entity should no longer be included in GIPS composites.

Month End Date Rule

5161

Identifies the month end date rule that the entity uses to determine how the system identifies the monthly accounting date for an entity or master fund. You can select the default rule, DEFAULT, to use the last calendar day of the month as the monthly accounting date. You can also create your own custom month end date rules and specify a rule in this field. You cannot edit this field after you create the entity.

The system stores the month end accounting date on all transactions booked to Eagle's Accounting solution, so it books as-of activity in the current accounting period but reflects the transaction in the monthly period in which it actually occurred. This allows you to report these transactions in the correct month end report without having to reopen closed daily valuation and accounting periods. You can generate several ledger and subledger reports based on the month end accounting date.

Calendar Name

1941

Specifies the name of the entity's business calendar, which is used to define a specific country's non-business days for accounting purposes. Business calendars are user defined and typically set up by your system administrator. If you select a business calendar, the system creates an accounting period for each business day of the year, as specified in the selected business calendar. The value you enter for the Calendar Name field must match the value you enter for the Country of Tax Code and Earn Thru Rule Name fields. For example, if you enter CA (Canada) for the Country of Tax Code field, you must also enter CA for Calendar Name and Earn Thru Rule Name fields. After you select a value, the Non Business Day Processing field and Earn Thru Rule Name field become available. If you do not select a business calendar, the system creates an accounting period for each day of the year, including non-business days. For more information, see Manage Business Calendars.

Non Business Day Processing

3907

Specifies how the system processes accrued interest on bonds or other fixed income securities on non-business days. Options include:

• Process with Previous Business Day. The system posts non-business day accruals to the previous business day's accounting date. For example, accrued interest for Saturday and Sunday is posted on Friday.

• Process with Next Business Day. The system posts non-business day accruals to the next business day's accounting date. For example, accrued interest for Saturday and Sunday is posted on Monday.

Earn Thru Rule Name

8954

Specifies how the system processes accrued interest when a series of non-business days fall on a month end, quarter end, semiannual, or year end date. This option is required if you select a value for the Calendar Name field. The calendar associated with the Earn Through Rule must match the value you enter for the Country of Tax Code and Calendar Name fields. And the Earn Thru Rule Name you select must have a Non Business Day Processing value that matches that defined for the entity. For more information, see Manage Earn Thru Rules.

Earn Thru Rule ID

8955

Identifies the instance number of the Earn thru Rule Name field value. This field is hidden. Earn Thru Calendars define specific dates for which income, expense, and distribution are to be processed. This allows for reporting on month-end dates that fall on non-business days, by assigning a specific earn thru date, daily accounting date, and monthly accounting date to each processing date. For more information, see Manage Earn Thru Rules. 

Posting Cut Off Date

11848

Sets the cutoff date for posting transactions.

Cash Segregation Fields

Position Cash Segregation Basis Indicator 

11675

Indicates whether to create a custody basis for the entity for use in cash segregation. Options include:

• Yes. The system creates a custody basis for the entity. When you submit the entity, the system creates an entity record, a record for the entity's primary accounting basis, a record for the custody accounting basis, and accounting periods for both the entity/primary accounting basis and the entity/custody accounting basis. The system assigns the appropriate default settings for the custody basis. For example, a custody basis does not require income, amortization/accretion, or ledger processing. If you select a value of Yes, the system also sets the Segregate Derivatives field to Yes.

• No. The system does not create a custody basis for the entity. If you set the entity-level Cash Sweep option to Yes, this option displays a value of No and is locked.

Custody Basis

7002

Specifies the name of the non primary accounting basis to add as a custody basis for use in cash segregation. The default value is CUST. This field appears if you set the Position Cash Segregation Basis Indicator field to a value of Yes. Tag 7002 is a work tag and is not stored.

Conversion Fields

Conversion Status

1085

Indicates the current status of the entity. The system allows you to select entities based on conversion status for certain types of global processing, such as corporate action announcements, and uses it in allocation processing. When an entity has a Converting status, the system does not generate allocation entries. The system is installed with a set of values for this field. After the conversion process is complete, the status is changed to Parallel. After the parallel test phase is complete, the status is changed to Live. You can add additional values using the Codes workspace for the CONVERT STATUS code category under the source Eagle PACE. Options include Converting, Live, and Parallel.

Conversion Date

3915

Specifies the date the entity was converted to the system.

Live Date

3916

Specifies the date the entity went live in the system. For reference only.

Source Fields

Entity Source Rule

616

Specifies the entity source rule. The entity source rule is designed to link the values in the Long Price Source, Short Price Source, Month End Long Price Source, Month End Short Price Source, 2A7 Price Source, FX Source, Variable Rate Source, and MTM Rate Source fields to a single rule name. You can use the Create Source Rule panel to add an entity source rule.

Long Price Source

1282

Specifies the source that the system uses for pricing long security positions for the entity. It displays the source associated with the specified Entity Source Rule field.

Short Price Source

5422

Specifies the source that the system uses for pricing short security positions for the entity. It displays the source associated with the specified Entity Source Rule field.

FX Source

1344

Specifies the source that the system uses for pricing foreign exchange rates for the entity. It displays the source associated with the specified Entity Source Rule field. Used for transactions and cash settlements. The system uses the value in this field when the entity's account base currency does not equal the security's asset currency.

Valuation FX Source

11652

Specifies the source that the system uses for pricing foreign exchange rates for the entity. It displays the source associated with the specified Entity Source Rule field. Used for valuation; that is, calculating market value.

Forward Price Source

2920

Specifies the source that the system uses for pricing forward contracts.

Variable Rate Source

3301

Specifies the source that the system uses to process earnings for variable and floating rates that are used for variable rate bonds with scheduled/unscheduled variable rates, floating rates, step coupon rates, and rates that measure inflation adjustment for the entity. It displays the source associated with the specified Entity Source Rule field.

If the source for the variable rate entered in the Variable Rate table does not match the Variable Rate Source value for the entity, Eagle Accounting does not use those values in the Earnings process.

2A7 Price Source

9051

Specifies the pricing source that the system uses for money market funds for the entity. It displays the source associated with the specified Entity Source Rule field.

MTM Rate Source

5064

Specifies the pricing source that the system can use to mark foreign receivables to market. It displays the source associated with the specified Entity Source Rule field. You can specify use of the MTM Rate Source or the FX Source (tag 1344) when you run the global mark to market process.

Private Equity Price Source

18452

Specifies the pricing source the system uses to price private equity for the master fund. Use this option only if you use a private equity workflow for a private equity security with a processing security type (PST) of Capital Based Fund Investment (EQCBFI).

In Eagle Accounting, you hold private equity as a single share in a fund and price it based on market value (MV). If you hold the same private equity investment across multiple funds and the funds have different commitment amounts, this pricing source allows you to value private equities with the appropriate MV rather than price all funds that hold the private equity with the same MV. The default value is Eagle PACE.

Perf Nav Long Price

18467

Specifies the source that the system uses for pricing long security positions for the entity when you calculate a Performance NAV. It displays the source associated with the specified Entity Source Rule field.

Perf Nav Short Price

18468

Specifies the source that the system uses for pricing short security positions for the entity when you calculate a Performance NAV. It displays the source associated with the specified Entity Source Rule field.

Perf Nav Valuation Fx Source

18469

Specifies the source that the system uses for pricing foreign exchange rates for the entity when you calculate a Performance NAV. It displays the source associated with the specified Entity Source Rule field. Used for valuation; that is, calculating market value.

Perf Nav Forward Price Source

18470

Specifies the source that the system uses for pricing forward contracts when you calculate a Performance NAV. It displays the source associated with the specified Entity Source Rule field.

NASDAQ Fields

Open/Closed-end Fund

1855

Indicates whether the entity is an open-end or closed-end fund.

NASDAQ Transmission Flag

5162

Specifies if and when a NAV is sent to NASDAQ. Options include:

• Not Listed

• Manual

• Transaction Open

• Transaction Close

• Valuation Close

• Audit Close

NASDAQ Listing Start Date

5163

Specifies the begin date of the time period when a NAV for this share class can be marked for transmission to NASDAQ.

NASDAQ Listing End Date

5164

Specifies the end date of the time period when a NAV for this share class can be marked for transmission to NASDAQ.

Month End Fields

Month End Processing Indicator

9697

Indicates whether the accounting basis is using month end processing, which allows you to report transactions in the correct month end report without having to reopen closed daily valuation and accounting periods. Options include:

• Yes. The basis uses month end processing. If you set this field to Yes, the system sends messages to establish month end accounting periods. If you use Control Center, you must also select Yes if you want to view funds in Month End Control Center. Additional fields in this section become available.

• No. The basis does not use month end processing.

Month End Long Price

9676

Specifies the month end pricing source for long positions. This option appears if you set the Month End Processing Indicator field to Yes.

Month End Short Price

9677

Specifies the month end pricing source for short positions. This option appears if you set the Month End Processing Indicator field to Yes.

Month End System Close Business Days

12093

Specifies the number of business days after the month end date that the automated close occurs. This option is used in Control Center to automatically close the month period. Any month end errors that exist on the day of automated month end close need to be overridden in Control Center in order to close the month end period. 

This hidden field appears only if you set the Month End Processing Indicator field to Yes. When the month end transaction close is automatically closed or manually closed in Control Center, the new month end ledger to subledger process is scheduled to run for transaction related accounts. The month end ledger to subledger process is also scheduled to run for valuation related accounts when a month end valuation close is either manually or automatically triggered. You must enter a value to use the Potential As of Activity report.

Potential As Of Activity Business Days

12094

Specifies the number of business days after month end close for the potential as of activity period. The Potential as of Ledger Activity report uses this field to determine how as of ledger activity impacts the prior month end period. This includes transactions where the trade date, ex date, effective date, and settlement date are prior to the month end date, and are posted to the general ledger on the first business day after month end close up through the number of days in the Potential As of Activity Business Days field. This field appears if you set the Month End Processing Indicator field to Yes.

Period Close Fields

Accounting Period Rule

2300

In order to use period close rules, you must set up the Accounting Period Rule field (tag 2300) for each entity. The system uses the entity's Accounting Period Rule field in order to assign the accounting date for a transaction during processing. It also derives the accounting date based on the transaction's effective date (trade date) and based on the accounting period that is open at time of processing. Options include:

• Trade Date. Default. When the system assigns the accounting date for the entity's transactions, the accounting date is equal to the effective date (trade date) of the transaction if the accounting period is open. Otherwise, the system uses the latest open accounting period.

• Trade Date + 1 Business Day. Also called T + 1. When the system assigns the accounting date for the entity's transactions and the accounting period is open, it uses the period close rules to verify whether the processing event is eligible for an accounting date that occurs one business day after the trade date. For processing events included in the period close rules, it uses T + 1 to assign the accounting date, using the effective date plus one business to assign the accounting date. For processing events excluded from the period close rules, it uses the effective date (trade date) of the transaction to assign the accounting date. Otherwise, if the accounting period is not open, the system uses the latest open accounting period.

Accounting Date Rule Group

4303

Specifies the accounting date rule group for the master fund entity. An accounting date rule group identifies a set of entities for which you define period close rules applied across a group of funds. If this entity uses period close rules defined for a group of entities, this field Identifies that entity group. This field appears if you set the Accounting Period Rule field to Entity Group/Security Type/Message Type/Event Type, Entity Group/Security Type, or Entity Group. To use this functionality, you must set up a code, PERIOD CLOSE GRP, and store the group names in the Code Values table.

NOTE: A master fund entity can belong to only one accounting date rule group.

As of Month End Frequency

10463

Specifies a frequency for month end processing for a master fund. This value indicates which month ends are left open for as-of transactions. It is used with Control Center to automate the closing of month end periods. Options include:

• None. Default. The fund is considered a Live fund and there is no month end reporting. The system uses the daily period to report month end transactions. The Control Center automatically closes the month end periods for the fund when the daily accounting period is closed.

• Monthly. Control Center does not automatically close the month end periods for the fund when the daily accounting periods are closed. You are able to close the month end periods at any time.

• Quarterly. Control Center automatically closes the non quarter-end periods for the fund when the daily accounting period is closed.

• Semi-Annually. Control Center automatically closes the non semi-annual periods for the fund when the daily accounting period is closed.

• Annually. Control Center automatically closes the non-annual periods for the fund when the daily accounting period is closed.

10/31 Month End

10464

Indicates whether you can override the value in the As of Month End Frequency field. Options include:

• No. Default. The system uses the value in the As of Month End Frequency field.

• Yes. The system prevents the automated closing of month end accounting periods when using the Control Center.

Earnings/Amortization Fields

Primary Amortization/Accretion Rule

3197

Specifies the amortization/accretion rule for the primary accounting basis that the system uses to process earnings. You can set up amortization/accretion rules for IFRS that amortize average cost portfolios on an effective yield basis. See Set Up an Entity/Accounting Basis for Amortization for more information.

NOTE: If you change the Primary Amortization Rule at the accounting basis level, the next time you process earnings the system creates a retrospective amortization rule calculation from the original settlement date of the trade (on all open lots). The system calculates the trade yield based on the primary amortization/accretion rule for the entity, so it is important to keep the values that exist on the entity and the primary accounting basis consistent. The system updates value changed on the entity panel via the primary accounting basis, but does not change entity values when you make the change through the Edit a Basis on a Portfolio panel.

Gain/Loss on Paydowns

1871

Specifies how the system handles the gain/loss on paydowns (repayment of part of an outstanding loan balance) for the entity/accounting basis. This option is used with factor based debt instruments such as mortgage backed securities. For more information, see Understand Mortgage-backed (MBS) and Asset-backed (ABS) Securities. Options include:

• Gain/Loss. The system generates a gain/loss on a paydown. You can post the gain/loss to either a capital or general ledger account. The system displays the Paydown Gain Loss Account field.

• Amortization. Default. The system records a gain/loss generated by a paydown as accelerated amortization.

Paydown Gain/Loss Account

4519

Determines whether the gain/loss is posted to the capital or income ledger account for the entity/accounting basis. This option appears when you set the Gain/Loss on Paydowns field to Gain/Loss. For more information, see Set Up Entities for MBS and ABS. Options include:

• Capital. If the position is under 365 days of ownership, the system posts the gain/loss that occurs on factor payments to the Realized Gain on Investments Short Term (3006000111) and Realized Loss on Investments Short Term (3006000112) general ledger accounts. If the position is over 365 days of ownership, the system posts it to the Realized Gain on Investments (3006000101) and Realized Loss on Investments (3006000102) general ledger accounts.

• Income. The system posts the gain/loss that occurs on factor payments to the Realized Loss on Investments (4004000102) and Realized Gain on Investments (4004000101) general ledger accounts.

Principal Loss on Paydown Processing Flag

2925

Allows you to select the method in which to process the principal loss on a paydown. The system uses the Principal Loss Factor field (tag 2926) value specified for the final factor to process the principal loss. For more information, see Set Up Entities for MBS and ABS. Options include:

• Accelerated Amortization. The system reduces the cost of the position by the total reduction of shares. The offset to cost is accelerated amortization. This field is only allowed if the Gain/Loss on Paydowns field is set to Amortization.

• Realized Gain/Loss. Default. The portion of the paydown resulting from the loss is processed at a price of zero. Eagle Accounting treats the portion of a paydown that is the result of a loss (write down) at a price of zero.

• Share Adjustment. The system treats the portion of paydown that is a result of a loss (write down) as a share adjustment (increase or decrease) and does not adjust cost for the loss portion.

Coupon Spreading Period

637

Specifies how the system spreads income deferrals for the entity. This option allows Eagle Accounting to spread accruals of securities, which have a 30 in the numerator of the securities' day count calculation, over a Monthly period, the Coupon period of the security, or None at all. Options include:

• Coupon. The system spreads the daily income over the coupon period. This option is used primarily for mutual funds that distribute income daily, for bonds that are set up as 30/360, and for months that do not contain 30 days. The entity spreads the interest for the entire pay period evenly throughout the period. This "smooths" the interest so that the same amount of income is accrued each calendar day. Without the spread method, the 31st day of a month would not have any accruals, and the 28th day of a 28-day month would have three days' worth of accruals:
  = (Par * Rate) / Payment Frequency / Actual Days in current pay period

• Monthly. The system spreads daily income over the course of a month. A 30/360 bond defers a portion of its income for the 31st day of the month. The entity spreads the interest by the end of the modal month to a monthly 30/360 income amount:
  = (Par * Rate) / Payment Frequency / Actual days in the month 

• None. Default. The system does not spread income deferrals. The entity does not process any coupon spreading.

Call Redemption Gain/ Loss Indicator

8916

Indicates whether the system processes gains/losses on calls, puts, and pre-refund corporate actions for the entity/primary accounting basis. This option is required if you process debt instruments. For more information, see About Entity Setup for Calls, Puts, and Pre-Refunds. Options include:

• Gain/Loss. Default. The system redeems gains/losses that result from calls, puts, and pre-refund corporate actions.

• Amortization. The system amortizes gains/losses that result from calls, puts, and pre-refund corporate actions. It applies an accelerated amortization method.

Sinking Fund Payment Redemption Gain/Loss Flag

9923

Specifies how the system processes gains and losses for sinking funds. Options include:

• Treat Gain/Loss from Sinking Fund Payment as Gain/Loss. Default. The system treats the gain or loss created by the sinking fund payment as a gain/loss on both the subledger and general ledger.

• Treat Gain/Loss from Sinking Fund Payment as Accelerated Amortization. The system treats the gain or loss created by the sinking fund payment as accelerated amortization on both the subledger and general ledger.

• Capitalize Sinking Fund Payment. The system uses the sinking fund information in the schedule table to calculate amortization yield. The system also reduces the principal of the tax lot in a non-prorated way when processing the sinking fund payment so that no gain or loss occurs.

• If Pro Rata Sinking Fund Capitalize Else Calculate Gain/Loss. The system looks to the value in the Pro Rata Sinking Fund Flag field specified for the security to determine processing. If the value for that field is Yes, the system capitalizes the sinking fund payments for the security. If the value is No, the system treats the gain/loss from the sinking fund payment as a gain/loss.

• If Pro Rata Sinking Fund Capitalize Else Calculate Amortization. The system looks to the value in the Pro Rata Sinking Fund Flag field specified for the security to determine processing. If the value for that field is Yes, the system capitalizes the sinking fund payment for the security. If the value is No, the system treats the gain/loss from the sinking fund payment as accelerated amortization for the security.

Unrealized Gain/Loss Posting

5383

Indicates whether the system automatically posts unrealized gains/losses to the ledger during valuation. Options include:

• Yes. Default. The system automatically posts unrealized gains/losses to the ledger during valuation. Select this value only if you are using Eagle's Pricing Center to post unrealized gains/losses.

• No. The system does not automatically post unrealized gains/losses during valuation. You must post them manually.

Final Close Income Recognition Date

10070

Specifies how the system recognizes closed earnings, amortization, and OID (Original Issue Discount) amortization. It determines on what dates the system posts the income that occurs on a disposition transaction. Options include:

• Settle Date. Default. The system recognizes closed earnings, amortization, and OID amortization through the settlement date of the close on a daily basis. Eagle Accounting recognizes the income daily between trade and settle date of the disposition.

• Trade Date. The system recognizes closed earnings, amortization, and OID amortization as one lump sum on the trade date of the close. Eagle Accounting posts the income that normally occurs between trade date and settle date all on the accounting date trade date of the transaction.

Coupon Cash Entitlement Level

11852

Specifies the level at which the system drops coupons. Options include Position Level and Lot Level.

Essential Income Flag

12025

Enables essential and non-essential income reporting to track and report interest income separately from other non-taxable income. Options include Yes and No.

Accrual Convention Offset

12038

Specifies when the system begins earnings accruals. The method you select does not affect coupon payments because the number evens out on the last day and the coupon generated is the same. However, it does affect valuation and Eagle Performance calculations. You can use the Accrual Convention Offset Override field to override this setting at the trade level for Buy Sellback/Sell Buyback trades. For more information, Set Up Entities for Buy Sellback and Sell Buyback Trades. Options include:

• Settlement Date. Default. The system accrues through the day prior to a coupon payment and then begins accruing for the new coupon on the coupon pay date.

• Settlement Date + 1. The system begins earnings accruals using a one day lag. It accrues through the coupon date for the current period and pays it out that day, and then begins accruing for the new coupon on the coupon date plus one day so that the accrued income on the coupon date is zero. This method can apply to countries such as Canada.

ILB Gain/Loss Flag

3856

Indicates how Eagle Accounting treats the catch-up inflationary income that occurs at maturity for deflation protected Inflation linked bonds in the event that the index ratio at maturity is less than the ILB Min Index Ratio. For more information, see Understand Inflation Linked Bonds. Options include:

• Maturity Gain/Loss and Daily Income. The catch-up inflationary income recognized as part of a deflation maturity to bring the security to the ILB minimum inflation index ratio is treated as realized gain/loss, and posts to a Gain Loss account. Daily Inflation linked Income is treated as Inflation Income, and posts to an inflation income general ledger account.

• Both Income. Both the daily inflation income and the catch-up inflation income recognized as part of the deflation maturity are treated as inflation income. It posts to an Income general ledger account.

No Negative Income Flag

3857

Determines whether the system allows a tax lot to have negative life to date income. The option to prevent a tax lot from having life to date negative income is only available for Identified Cost tax lots. This field appears if you set the Cost Method field to a value of Identified. Options include:

• Allow Negative Income. Default. The system recognizes negative income.

• Do Not Allow Negative Income. The system does not recognize negative income. The system uses the following calculation to determine if there is negative income: Total Income LTD = Accrual LTD + Amortization LTD + ILB LTD + OID LTD. 
  If Total Income LTD is less than zero, the earnings process first looks to deferred ILB income if it exists. If Total Income is still less than zero, amortization income is deferred until income exceeds zero.

IO Security Amort/Income Flag

17387

Determines how the system recognizes amortization and accretion on the General Ledger for securities with a processing security type (PST) of Interest Only Factor Based Debt Instrument (DBFBIO). Options include:

• Separate Income and Amort on Ledger. Bifurcates the income streams with amortization going to an amortization account and the interest going to investment interest income. Eagle Accounting posts amortization and accretion to the following general ledger account after a split: Amortization of Premium (4001000401), Investment Interest Income (4001000100).

• Combine Income and Amort on Ledger. Default. Nets together amortization and accretion in the Investment Interest Income (4001000100) account on the general ledger.

Basis Processing Rule

Basis Processing Rule Name

7152

Specifies the name of the processing rule to use for the entity and accounting basis. This rule contains securities and the associated security processing rules to be used for accounting processing/treatment.

Basis Processing Rule ID

2965

Specifies the instance of the processing rule to be used for the entity and accounting basis.

SEC Fields

SEC Yield Rule Name

5736

Links the entity to an SEC yield rule. You can use the Create SEC Yield Rule panel to add the rule.

Other Information Fields

Tax ID Number

1341

Specifies the tax identification number for the entity. For reference only.

Manager ID

1149

Specifies the identification number of the entity manager. For reference only.

Inception Value

1160

Specifies the monetary value of the entity at the inception date. For reference only.

S2P Direct Interface Fields

Delta Process Flag

4758

Indicates whether the entity's backdated transactions and affected position records are transferred from STAR to PACE for reporting purposes using the STAR to PACE Direct Interface. Options include:

• Yes. Default. The system uses the STAR to PACE Direct Interface to transfer an entity's open positions and cash balances.

• No. The system does not use the STAR to PACE Direct Interface to transfer an entity's open positions and cash balances.

Create Performance Cash Flows In PACE

5398

Indicates whether the STAR/PACE integration procedure processes cash currency and copies cash flow information for reporting by Eagle's Performance solution. Options include:

• Yes. Default. The STAR/PACE integration procedure creates cash currency records for performance reporting. If you use Eagle Performance, select Yes.

• No. The STAR/PACE integration procedure does not create cash currency records for performance reporting. If you do not use Eagle Performance, select No.

Store Cash Positions In PACE

5563

Indicates whether the STAR/PACE integration procedure exports the entity's cash positions from STAR to PACE. Options include:

• Yes. Default. The STAR/PACE integration procedure exports the cash position records from STAR to PACE and stores the cash balances in the position detail table in the Eagle data warehouse. If you use Eagle Performance, select Yes.

• No. The STAR/PACE integration procedure does not export cash position records from STAR to PACE. If your organization does not need currency balances, select this value to improve efficiency.

Value at Cost - No Price Found

11454

Specifies whether to use the cost value when no price is found for the selected entity/accounting basis. This setting does not affect futures contracts market values. If you run STAR to PACE Direct in Batch mode using the Recent price option (that is, you set the Price Date Switch to Recent in the Transfer Data - Batch panel), be aware that any recent price is used before the asset is priced at cost. Options include:

• Yes. Use cost value. If no price is found, STAR to PACE Direct defaults the amortized cost into the PACE market value fields in the position detail and lot level position tables.

• No. Do not use cost value. Use the default value of 0. The amortized cost is not used even if there is no pricing available.

Portfolio Turnover

Group Name

5336

Specifies the group name of the Portfolio Turnover reporting rules used to exclude transactions from the Portfolio Turnover reports for the entity. You can add additional values using the Codes workspace for the PTGROUP code category under the source Eagle PACE, and then use the Portfolio Turnover Exclude Rules panels to manage the transactions to exclude for this group name. If you do not specify a group name, the system uses portfolio turnover exclude rules that are not assigned to a group. Define a portfolio turnover group name at the entity level only if you need a single rule profile to calculate and run the entity's portfolio turnover calculation and report details. If you need multiple portfolio turnover calculations based on different rule setups, you can define a Group Name for the Portfolio Turnover report profile. 

Process Center Fields

Process Center

4896

Specifies the entity's process center. A process center allows you to group entities into centers to control the timing of global processes such as accruals, corporate action processing, maturities, contractual cash settlements, and STAR to PACE Direct processes. If specified, the system uses the date associated with the process center as the post date on all transactions.

NOTE: Eagle strongly recommends the use of process centers.

Business Processing Group

16566

Specifies the business processing group for the entity. Business processing groups allow for the customization of Automated Event Wrapper (AEW) event group processing and allow you to segregate multiple business lines on a single production region of STAR. You can assign a Business Processing Group code value at the entity level and link it to custom Automated Event Wrapper event groups that contain only the needed steps for the specific client or workflow. 

Accrue Cash Balance Fields

Cash Sweep

4515

Indicates whether the system can perform cash sweeps into a short term investment fund (STIF) security for the entity. For more information, see Set Up Entities for Cash Sweeps. Options include:

• No. Default. The system does not sweep the entity's uninvested cash balance into a Short Term Investment Fund (STIF) security. If you set the Position Cash Segregation Basis Indicator option to Yes, this option displays a value of No and is locked.

• Yes. The system sweeps the entity's uninvested cash balance into a STIF security. If you select Yes, you must specify values for the Lookup STIF Issue Name and Lookup STIF Asset ID fields. You can sweep cash at the entity level if you do not use cash segregation.

Minimum Balance

16726

Specifies the amount of the minimum balance needed in order for the system to perform a cash sweep into a STIF for the entity. You must specify a positive number. If you specify a value and the cash balance is positive, the system sweeps cash into a STIF for the entity and creates cash sweep transactions only if the balance is equal to or greater than the minimum balance. If you specify a minimum balance and the cash balance is negative, sweep processing always occurs to cover that negative balance. For more information, see Set Up Entities for Cash Sweeps. 

Lookup STIF Issue Name

301

Specifies the issue name of the STIF security associated with cash sweeps for this entity. You can select a Short Term Investment Fund/Vehicle with a processing security type of STIF (DBSTST) or Mutual Fund (EQEQMF) for use with cash sweep processing. For Eagle Accounting to process the cash sweep, the STIF security’s asset currency must match the entity’s Account Base Currency (tag 86) value. This field appears when you set Cash Sweep to Yes. For more information, see Set Up Entities for Cash Sweeps. 

Lookup STIF Asset ID

364

Specifies the primary asset ID of the STIF security associated with cash sweeps for this entity. You can select a Short Term Investment Fund/Vehicle with a processing security type of STIF (DBSTST) or Mutual Fund (EQEQMF) for use with cash sweep processing. For Eagle Accounting to process the cash sweep, the STIF security’s asset currency must match the entity’s Account Base Currency (tag 86) value. This field appears when you set Cash Sweep to Yes. For more information, see Set Up Entities for Cash Sweeps. 

Cap Stock Fields

Par 

642

Specifies the par value of capital stock. This value is used when determining shares of capital stock.

STAR Initial NAV

3634

Specifies the initial NAV per share class as of the STAR conversion date. You can specify this value at the share class level if the entity contains more than one share class.

Rounding Tolerance 

645

Specifies the tolerance used to calculate dilution when processing capital stock. Enter the value for this field as a percentage. A default value of .005 appears.

Track Settled Shares

625

Determines if the settled shares balance is calculated as part of the cap stock process. Options include Yes and No.

Cap Stock Settlement Method

629

Identifies the settlement method of capital stock. This option is required if you set the Track Settled Shares field to Yes. Options include FIFO and ID.

Redemption Fee Posting Level

633

Determines the level for posting redemption fees. Options include:

• Class. Default. Redemption fees are posted to the class level.

• Fund. Class level redemption fees are automatically posted to the total fund level. Once posted, you can allocate the exit fee balance back to the class level, based on an existing allocation method, such as relative net assets.

Automated Dilution

640

Specifies whether to calculate dilution amounts for multiple class funds. The dilution calculation varies depending on whether the entity is a money market fund or fixed income/equity daily or non-daily distributing mutual fund. For money market funds, the Entity Type field must be set to MM (money market). For daily and non-daily distributing mutual fund entities, the Entity Type field must be set to MF (mutual fund). The current allocation rule is used to allocate the dilution amount across the classes. The dilution general ledger capital account is added to the existing rule used by the master fund and references the allocation method used to allocate the dilution amount across the share classes. Options include Yes and No (Default).

Equate NAVs

2909

Specifies whether the system calculates the divergence for equating the NAVs. Options include:

• Yes. Default. Calculates the divergence for equating the NAVs. The system breaks down the equate NAV entry into a default dilution account.

• No. Does not calculate the divergence for equating the NAVs.

• Dynamic Reallocation. Calculates the divergence for equating the NAVs, and additionally allows a money market fund to dynamically reallocate its equate NAV ledger postings. The system can break down the equate NAV postings into capital, unrealized gain/loss, undistributed income, and undistributed gain/loss buckets.

Variable Annuity Processing

Net Investment Factor Constant Override

638

Indicates whether you want to process earnings for non-business days. Options include Yes and No (Default).

Net Investment Factor Expense Rate

646

Specifies the net investment factor expense rate.

NAV Processing

NAV Rounding

10064

Specifies the NAV rounding precision that is used when translating the NAV into local currencies. Options include Round (Default) and Truncate.

Number of NAV Digits 

10065

Specifies the number of decimal places to which the NAV value rounds. You can select a value from 0 to 9. The default value is 2.

NAV Rule

16850

Identifies the name of the NAV rule for the master fund. The NAV ledger rule defines a range of ledger accounts that the system uses to calculate a total net asset value. When you use preferred shares processing, you can specify a NAV rule for the master fund to exclude preferred shares ledger accounts from the total net asset calculation amount.

WAM WAL Data Source

18564

Specifies the data source for the Weighted Average Maturity report or Weighted Average Life report. Options include:

• Market Value Base

• Face Amount

• Book Value Page

• 2a7 Market Value

Wam Election

18059

Used when calculating Weighted Average Maturity (WAM) during the NAV Calculation process. For money market portfolio composite types, the system can use either a valid option or a NULL value to calculate WAM. For mutual fund portfolio composite types, you must specify an option other than None (N or NULL) for the system to calculate WAM.

This option identifies the source of the call, put, or step dates. It also indicates whether to include or exclude cash securities with a processing security type of Currency (CRCRCR). For additional information, see Set Up Master Fund Reference Data for WAM/WAL Calculation. Options include:

• Call Schedule/Exclude Currency Holdings (CEXC). The system uses the Schedule table as the source for the next call, put, or step date to use for the WAM calculation. The Weighted Average Maturity report does not display CRCRCR securities in the report.

• Override Table/Exclude Currency Holdings (OEXC). The system uses the report override rules as the source for call, put, or step dates to use for the WAM calculation. It uses report overrides that have a Date Type value of DEMAND - CALL, DEMAND - PUT, DEMAND - STEP, and DEMAND - REFUND to identify the calculation date, if available. The Weighted Average Maturity report does not display CRCRCR securities in the report.

• Call Schedule/Include Currency Holdings (CINC). The system uses the Schedule table as the source for the next call, put, or step date to use for the WAM calculation. The Weighted Average Maturity report displays CRCRCR securities in the report. These holdings have a defaulted days to maturity set to 1 and the calculation date set to report date + 1.

• Override Table/Include Currency Holdings (OINC). The system uses the report override rules as the source for call, put, or step dates to use for the WAM calculation. It uses report overrides that have a Date Type value of DEMAND - CALL, DEMAND - PUT, DEMAND - STEP, and DEMAND - REFUND to identify the calculation date, if available. The Weighted Average Maturity report displays CRCRCR securities in the report. These holdings have a defaulted days to maturity set to 1 and the calculation date set to report date + 1.

• None (N or NULL). If you select None or do not specify a value for this option for a money market portfolio composite type, the system uses the hardcoded default election of Call Schedule and Exclude Currency Holdings during NAV calculation. If you select this value for a master fund that does not have a Money Market type, the system cannot calculate WAM for that master fund. The default value is NULL.

Wal Election

18060

Used when calculating Weighted Average Life (WAL) during the NAV Calculation process. For money market portfolio composite types, the system can use either a valid option or a NULL value to calculate WAL. For mutual fund portfolio composite types, you must specify an option other than None (N or NULL) for the system to calculate WAL.

This option identifies the source of the call, put, or step dates. It also indicates whether to include or exclude cash securities with a processing security type of Currency (CRCRCR). For additional information, see Set Up Master Fund Reference Data for WAM/WAL Calculation. Options include:

• Call Schedule/Exclude Currency Holdings (CEXC). The system uses the Schedule table as the source for the next call, put, or step date to use for the WAL calculation. The Weighted Average Life report does not display CRCRCR securities in the report.

• Override Table/Exclude Currency Holdings (OEXC). The system uses the report override rules as the source for call, put, or step dates to use for the WAL calculation. It uses report overrides that have a Date Type value of DEMAND - CALL, DEMAND - PUT, DEMAND - STEP, and DEMAND - REFUND to identify the calculation date, if available. The Weighted Average Life report does not display CRCRCR securities in the report.

• Call Schedule/Include Currency Holdings (CINC). The system uses the Schedule table as the source for the next call, put, or step date to use for the WAL calculation. The Weighted Average Life report displays CRCRCR securities in the report. These holdings have a defaulted days to maturity set to 1 and the calculation date set to report date + 1.

• Override Table/Include Currency Holdings (OINC). The system uses the report override rules as the source for call, put, or step dates to use for the WAL calculation. It uses report overrides that have a Date Type value of DEMAND - CALL, DEMAND - PUT, DEMAND - STEP, and DEMAND - REFUND to identify the calculation date, if available. The Weighted Average Life report displays CRCRCR securities in the report. These holdings have a defaulted days to maturity set to 1 and the calculation date set to report date + 1.

• None (N or NULL). If you do not specify a value for this option for a money market portfolio composite type, the system uses the hardcoded default election of Call Schedule and Include Currency Holdings during NAV calculation. If you select None or a null value for a master fund that does not have a Money Market type, the system cannot calculate WAL for that master fund. The default value is NULL.

Short Term Floating Rate Security Treatment

18291

Allows you to use the next refix date in the calculation of days to maturity for the short term floating rate securities instead of 1 day. Options include:

• Default (1 Day). The Weighted Average Maturity report returns days to maturity as 1.

• Calculate Next Refix Date. The Weighted Average Maturity report returns the next refix date of the underlying security.

Allocation Fields

Class Allocation Rule

3903

Specifies the class allocation rule that the system uses to allocate activity to the share classes.

If you set the NAV Election field to Intraday and select a value in the Intraday NAV Processing Rule, this field displays the selected intraday NAV processing rule. During processing, the system uses the class allocation rule associated with the sequence in the selected intraday NAV processing rule.

Intraday NAV Processing Rule

2301

Identifies the intraday NAV processing rule the master fund uses for intraday NAV processing. The system uses the ledger account range from the NAV processing rule along with the class allocation rule identified in the NAV processing rule to allocate balances to each share class for each NAV sequence for class allocations and NAV calculation as well as the original pricing source for each intraday NAV calculation. This field appears if you set the NAV Election field to a value of Intraday.

Master Feeder Fund Allocation Rule

1889

Specifies the master feeder allocation rule that the master fund uses if it is a master feeder fund. Master feeder allocation rules allow a master feeder fund to allocate income, expense, unrealized gains and losses, and realized gains and losses to the feeder fund. This field appears if you set the Master/Feeder Fund Type field to a value of Master Feeder. 

Sector Allocation Rule

3945

Specifies the sector allocation rule that the system uses to allocate activity to a sector.

Performance Share Profile - Expenses and Distributions

636

Specifies the ledger profile that contains expense and distribution general ledger accounts that the system uses to calculate performance shares for the sectors. This process calculates performance NAVs on sectors by capitalizing expenses and distributions.

Performance Share Profile – Reinvestments

3923

Specifies the ledger profile that contains reinvestment general ledger accounts that the system uses to calculate performance shares for the sectors. This process calculates performance NAVs on sectors by capitalizing reinvestments.

Cash Equiv Allocation

4524

 Indicates whether the fund uses the cash equivalent allocation process to calculate a total cash balance for all of the sectors in a multi-sector fund for allocation into a short-term overnight investment. Options include:

• Yes. If you select Yes, the Cash Equiv Currency field becomes available.

• No. The fund does not use the cash equivalent allocation process to calculate a total cash balance for all sectors in a multi-sector fund.

Cash Equiv Currency

4525

Specifies the currency of the cash balance of the master fund that is swept into the repo. This option is typically set to the entity's base currency. This option is required if you set Cash Equiv Allocation to Yes.

Allocate Master Fund Cash Activity to Sectors

12069

Determines whether you allow the system to transfer cash activity residing at the master fund level to the master fund's associated sector entities. The actual transfer of the cash activity facilitates accurate reporting and mutual fund performance calculations at the sector level. The system allocates cash to sectors during sector allocation when you use the Post Sector Allocation Entries panel. Options include:

• Yes. Allow cash allocation to sectors. The system uses the allocation rule of the receivable or payable account that is being relieved and allocates each master fund cash settlement individually. If the system cannot identify the account you are relieving in your allocation rule, it defaults to the cash account's allocation ratio.

• No. Default. Do not allow cash allocation to sectors.

FOF Allocation Rule

11524

Determines how to perform fund of fund (FOF) allocations for the master fund. Fund of funds processing enables you to allocate a master fund’s cash inflows and outflows across its underlying fund investments. The available allocation methods use the market value of its underlying funds. The investment ownership in each fund of fund is calculated by dividing each underlying security’s market value to the total market value of all underlying securities. Given the nature of the FOF fund structure, it is necessary to allocate the master fund’s cash inflows and outflows across the underlying funds, utilizing set allocation ratios.

Share Class Fields

Load Charge

5165

Specifies the load charge for the share class.

Load Effective Date

5166

Specifies the effective date of the load charge.

Minimum Yield

4992

Indicates the minimum yield that a daily distributing master fund entity must obtain. The system requires a minimum yield to process expense reimbursements. If the net investment income (NII) process calculates a yield below this threshold, it recalculates the distribution amount to equal this threshold. The system automatically posts the difference to a dividend expense reimbursement account. The minimum yield is reported as a percentage; however, you must enter it as a numerical value. You can also enter a value for this field using the Create Entity Share Class Information panel.

Share Class Hedging

18045

Determines if the share class elects share class hedging. Share class hedging allows a share class to have exposure to assets/securities denominated in a foreign currency without the associated currency risk of the base currency of the fund. A share class can elect to use share class hedging in order to allow Eagle Accounting to allocate the currency gain/loss directly to the hedge class. Options include: 

• Yes. The share class is eligible to process share class hedging. Realized gain-loss on capital stock settlements is fully allocated to the hedge share class. The system posts any calculated gains or losses associated with hedge share classes directly to that share class.

• No. Default. The share class is not eligible to process share class hedging. Realized gain-loss on capital stock settlements is not fully allocated to the hedge share class. The system posts any calculated gains or losses associated with hedge share classes to the total fund to be allocated to all share classes within the entity.

Fund Distribution Fields

Daily Distribution Method

3904

Specifies the method the system uses to calculate the daily income distribution amount. Options include:

• Fixed Rate. Default. Identifies the daily distribution as a fixed rate distribution. The system distributes a specified percentage of cap stock as income. If you select this option, the Fixed/NII Distribution Shares fields becomes available.

• Net Investment Income. Identifies the daily distribution as net investment income. The system distributes all of the entity's net income daily. If you select this option, the Fixed/NII Set Rate Distribution Shares, Net Investment Income Rule, Late Activity Distribution Adjustment, Distribution Absorption Method, and Net Investment Income Split Method fields become available.

• No Processing. Identifies the daily distribution as needing no processing.

• Set Rate. Identifies the daily distribution as a set rate. The system calculates and reports a set distribution rate for each class of a multi class fund based on the base class rate that is established when you set up set rate processing. If you select this option, the Fixed/NII Set Rate Distribution Shares becomes available. Use this field to enter the distribution share type for the set rate.

• Preferred Stock Distributions. Identifies the daily distribution as a preferred stock distribution when you track preferred shares ownership for closed-end funds. To use this option, you must first set the Preferred Shares Processing field to Yes. The Daily Distribution Method option then displays a value of Preferred Stock Distributions, and you cannot change it.

Fixed/NII/Set Rate Distribution Shares

3906

Specifies the share base of the fixed, net investment income (NII), or set rate distribution. This option is required if you set the Daily Distribution Method field to Fixed Rate, Net Investment Income, or Set Rate. Options include Outstanding Shares and Settled Shares.

Income - Periodic Distribution Shares

3905

Specifies the share base for entities that do not distribute daily. Options include Outstanding Shares and Settled Shares.

LT - Capital Gain Periodic Distribution Shares

3697

Determines whether the fund uses settled or outstanding shares to calculate the distribution amount for periodic long term capital gain distributions.

ST - Capital Gain Periodic Distribution Shares

3698

Determines whether the fund uses settled or outstanding shares to calculate the distribution amount for periodic short term capital gain distributions.

Daily Distribution Adjustment

8560

Specifies the share base of the fixed or net investment income (NII) distribution. This option is required if you set the Daily Distribution Method field to Fixed Rate, or Net Investment Income. Options include Outstanding Share and Settled Shares.

Net Investment Income Rule

3909

Specifies a valid net investment income rule. For more information, see Manage NII Distribution Rules.

Late Activity Distribution Adjustment 

11959

Flags late activity distribution adjustments. For example, if you set the Daily Distribution Method field to Net Investment Income and you set this field to Yes, you have the option of reversing late activity and reprocessing net investment income to include late distribution activity. For more information, see Understand NII Distribution Adjustments. Options include Yes and No.

Distribution Absorption Method

4957

Determines how to allocate an income distribution when it falls under a defined threshold. Options include:

• Waterfall Waiver. Allocates any distribution amount that falls below a minimum yield threshold using a waterfall waiver method to get that share class's distribution amount up to the target distribution yield. You can use the Minimum Yield field (tag 4992) on the Create Entity Share Class Information panel to specify the minimum yield. You can select this option if you set the Special Waiver Processing field to Waterfall Waiver Daily or Waterfall Waiver FYTD.

• Expense Reimbursement. Allocates any distribution amount that falls below a minimum yield threshold using an expense reimbursement account to get that share class's distribution amount up to the target distribution yield. You can use the Minimum Yield field (tag 4992) on the Create Entity Share Class Information panel to specify the minimum yield. 

• Class Allocation. Allocates a share class's negative distribution by spreading it across the remaining positive classes based on a weighted share allocation percentage. After the negative distribution is reallocated, the ending result for that negative class is a zero distribution. The threshold for this method is hard coded to zero.

• Default - None. Default. No reallocation is made. The system posts the distribution amount as calculated.

Net Investment Income Split Method

5045

Determines the method to use for split dividend processing. Split dividend processing allows you to split mil rates when ex-dates occur on non business dates. This option appears if you set the Daily Distribution Method field to a value of Net Investment Income. You can select a method if you set the Non Business Day Processing field (tag 3907) to a value of Process with Previous Business Day. If you use split dividend processing, you must add a distribution schedule that identifies the ex-dates. Options include:

• Default - None. Default. Indicates that you do not want split dividend processing to occur for an entity.

• Mid-Month Split. Splits the mil rates based on user defined split dividend ex-dates, and is used if an entity's split dividend ex-date occurs on any calendar date other than the last calendar date of the month.

• Pre Ex-Date Split. Allows you to calculate an estimated mil rate for post ex-date on a split dividend ex-date.

• Post Ex-Date Split. Allows you to calculate a post ex-date mil rate with ex-date shares for a post ex-date.

• Post Ex-Date Reinvestment Split. Allows you to calculate a post ex-date mil rate with ex-date shares for a post ex-date, and includes reinvestment shares from post ex-date in the post ex-date calculation.

Periodic Distribution Rule

2776

Identifies the periodic distribution rule that applies to the election of capital/income processing. This option is required if you set Capital/Income Processing field to Yes. You can use the Create /Update Periodic Distribution Rule panel to add this rule, which provides the ability to select the ledger accounts to categorize for deemed income, dividend income, interest income, and other income and expenses.

Waterfall Waiver Hierarchy Rule - Fund

16730

Identifies the waterfall waiver NII hierarchy fund rule for waterfall waiver yield to minimum distribution adjustments. This field appears if you set the Daily Distribution Method to Net Investment Income, set Special Waiver Processing to Waterfall Waiver Daily or to Waterfall Waiver FYTD, and set the Distribution Absorption Method field to Waterfall Waiver. 

Waterfall Waiver Hierarchy Rule - Class

7038

Identifies the waterfall waiver NII hierarchy class rule for waterfall waiver yield to minimum distribution adjustments. This field appears if you set the Daily Distribution Method to Net Investment Income, set Special Waiver Processing to Waterfall Waiver Daily or to Waterfall Waiver FYTD, and set the Distribution Absorption Method field to Waterfall Waiver. 

Expense Reimbursement Tier Rule

5038

Identifies the expense reimbursement tier rule. An expense reimbursement tier rule allows a fund to waive expenses to separate waiver accounts if expenses exceed income in a fund that elects to fully distribute net investment income (NII). If you do not specify an expense reimbursement tier rule, the system reimburses expenses to one default ledger account for fund dividend expense reimbursement if expenses exceed income in a fund that elects to fully distribute net investment income. This option appears if you set the Distribution Absorption Method field to a value of Expense Reimbursement. For more information, see Manage NII Expense Reimbursement Rules.

Mutual Fund Yield Divisor

5040

Specifies the yield divisor used to calculate a yield for mutual funds that use net investment income (NII) distribution processing. Options include:

• NAV. Net asset value.

• POP. Public offer price.

Tax Fields

Taxable Indicator 

1143

Indicates whether the entity/primary accounting basis is taxable. For reference only. For more information, see Manage Tax Withholding and Reclaim Processing. Options include:

• No. Default. The entity is not taxable.

• Yes. The entity is taxable.

Accrue Interest Tax Indicator

3911

Indicates whether the system accrues interest for tax withholding and reclaims. For more information, see Manage Tax Withholding and Reclaim Processing. Options include:

• Yes. The system accrues interest for tax withholdings and reclaims on a daily basis. If you select Yes, you cannot set the Tax Accounting Method field to Gross Income because the Gross Income method ignores all withholding tax on dividends and coupons.

• No. The system does not accrue interest for tax withholdings and reclaims on a daily basis. Instead, tax withholdings and reclaims are calculated on the coupon payment date.

Tax Accounting Method

3912

Specifies how the system processes tax withholdings and reclaims on dividends and other interest transactions. For more information, see Tax Accounting Method Examples. Options include:

• Gross Income Method. Default. The system ignores any withholding tax on dividends or coupon entitlements, even if applicable tax rates are set up in tax tables. The gross amount of the dividend or coupon entitlement is posted as a receivable. The receivable is then relieved against the cash receipt on the coupon or dividend pay date. You cannot select this value if you set Accrue Interest Tax Indicator field to Yes.

• Gross Liability Method. The system generates both a receivable and a payable amount for the withholding tax. A receivable is created at the net amount of the dividend or coupon entitlement less the amount of the reclaim. A separate receivable is created for the reclaim amount, if any. A payable is also created for the unrecoverable tax amount (tax expense). The system relieves both the payable and receivable against the cash receipt on the coupon or dividend pay date.

• Net Method. The system generates a receivable at the net income amount (gross income less withholding tax) and a separate receivable for the reclaim amount, if any. The payable for the tax expense is not created.

Entity Tax Type

3929

Defines the entity's tax status and allows you to group entities for tax accounting purposes. The system uses this value to calculate tax withholding and tax reclaim rates. You can group entities by entity tax type, entity tax qualifier, or both. Options for this field are user defined. The system is installed with a set of values for this field. You can add additional values for this field for the ENTITY TAX TYPE code category under the source Eagle PACE using the Codes workspace. For more information, see Manage Tax Withholding and Reclaim Processing.

Note that Eagle Accounting does provide an All option in the Entity Tax Type code value as part of the default script, so that it can be used as a wild card in the Global Tax table. However, you should not use the All option in the entity setup, because it limits your institution's ability to have extremely flexible tax nomenclature or structure.

Entity Tax Qualifier

3930

Defines the entity's tax status and allows you to group entities for tax reporting purposes. The system uses this value field to calculate tax withholding and tax reclaim rates. You can group entities by entity tax type, entity tax qualifier, or by both. Options for this field are user defined. The system is installed with a set of values for this field. You can add additional code values for this field using the Codes workspace for the ETAX QUALIFIER code category under the source Eagle PACE. This option is required if you set Tax Accounting Method to Gross Liability Method or Net Method. For more information, see Manage Tax Withholding and Reclaim Processing.

Tax Exempt Processing Flag

4948

Determines whether income is posted to taxable or tax exempt general ledger accounts. This field works with the Federal Tax Indicator field (tag 1545), which exists at the security level. The Tax Exempt Processing Flag field impacts the Net Investment Income (NII) process when calculating the mixed expense taxable allocation percentage. If this field set to Yes, the net distributable income is processed against tax exempt income and expenses. Options include:

• Yes. If the security level Federal Tax Indicator field is set to No, the system posts the income to tax exempt general ledger accounts. If the security level Federal Tax Indicator field is set to Yes, the system posts the income to taxable general ledger accounts.

• No. The system posts the income to taxable general ledger accounts.

Corporate Action Fields

Cost Allocation Indicator For Rights Issues

3917

Identifies the cost allocation for rights issues. If you do not select a value, the system uses Allocate Cost as the default. Options include:

• Allocate Cost. Default. The system allocates a percentage of the cost of the original security to the rights issue.

• Do Not Allocate Cost. The system does not allocate a percentage of the cost of the original security to the rights issue.

• Calculate 15 Rule. The system determines whether to allocate cost to the rights issue based on the market value. If the market value of the rights issue is more than 15% of the cost of the original security, the cost is allocated to the rights issue. If the market value of the rights issue is less than 15% of the cost of the original security, the cost is not allocated to the rights issue.

Treatment Of Fractional Shares Override

8251

Specifies how the system treats fractional shares. A fractional share is less than a single share of stock. It often results from stock splits, stock dividends, and similar corporate action events. The value in this field overrides the fractional shares value on corporate action announcement panels. Options include:

• Round Down. The system rounds the fractional share entitlement down to zero decimals. No fractional shares are created.

• Post Fractional Shares. The system posts the fractional share entitlement, calculating the amount to two decimal places.

• Round Up. The system rounds the fractional share entitlement up to the next whole number. No fractional shares are created.

• European. The system calculates the fractional share entitlement as follows: 1. Divides the position by the divisor, 2. Drops the decimals on the number that is calculated, 3. Multiplies the whole number by the multiplier.

• Round to Nearest Whole Share. The system rounds the fractional shares to the nearest number of whole shares. If the calculated entitlement is greater than or equal to 0.50, the system rounds the fractional shares up to the next whole share. If the calculated entitlement is less than or equal to 0.49, the system drops the fractional shares.

Corporate Action FX Rule

9705

Specifies the foreign exchange rate that the system uses for posting corporate actions. Options include:

• Recent. Default. Uses the trade date exchange rate if available. Otherwise, uses the most recent exchange rate.

• Actual. Retrieves only the exchange rate for the trade date. Rejects the transaction if no exchange rate is found.

Awarded Rights Expiration Rule

9921

Specifies how the system handles the treatment of loss generated by the expiration of a right or warrant. Options include:

• Loss. Default. The system applies the loss generated by the expiration of a right or warrant to the right or warrant.

• Transfer. The system applies the loss generated by the expiration of a right or warrant to the original security.

Cash Div Cash Entitlement Level

9922

Specifies whether to use lots or positions to determine cash entitlements for cash dividends. Options include:

• Position. The system uses positions to determine cash entitlements for cash dividends.

• Lot. The system uses lots to determine cash entitlements for cash dividends.

Cash Dividend Distribution

3928

Specifies whether cash dividends are paid for corporate actions. It is used for Fund of Funds Distributions. Options include Yes and No.

Taxable Override Indicator

11081

Determines whether the system treats taxable mergers as nontaxable for the entity/accounting basis. Options include:

• No. Default. You cannot override the entity tax rate.

• Yes. The system can override the tax rate assigned to the entity/basis. The system treats all mergers as nontaxable, regardless whether you set them up as taxable or nontaxable.

Non Tax Merger Close Method

11495

Specifies the method to use to close lots on the original security for non-taxable mergers. Options include:

• Pro-Rata Method. Default. The system closes a portion of all lots, ignoring lot selection methods.

• Lot Selection Method. The system selects lots to close based on the lot selection method found on the accounting basis.

• Rights and Warrants Expire Delay Days (tag 4605). Specifies the number of days to delay the expiration of rights and warrants, allowing you to delay the maturity processing of rights and warrants. The default is 0 (zero days).

Calls,Puts,Refunds,Principal Repay,Cash Tender Prorata Close Flag

17388

Specifies how the system processes CA_CASH_CLOSE events that affect Calls, Puts, Refunds, Principal Repayments, and Cash Tender corporate actions for the share class. Determines whether the system relieves lots on a prorata basis or based on lot selection method. Options include:

• Yes. The system processes cash close events for Calls, Puts, Refunds, Principal Repayments, and Cash Tender corporate actions on a prorata basis.

• No. Default. The system processes cash close events for Calls, Puts, Refunds, Principal Repayments, and Cash Tender corporate actions based on the entity Lot Selection Method (LSM).

Rights and Warrants Expire Delay Days

4605

Specifies the number of days to delay the expiration of rights and warrants, allowing you to delay the maturity processing of rights and warrants. The default is 0 (zero days).

Limit Gain Loss Eligible

2487

Determines if gain loss processing occurs for corporate actions for certain cash/stock mergers. Requires the Limit Gain Loss Indicator field to be set to Yes on the corporate actions panel to be in effect. When applicable, at the lot level, the gain associated with these mergers is the lesser of the cash amount or the gain to be recognized had the entire transaction been taxable. If the result is a loss, it is disallowed. The disallowed component is then treated as a return of capital. In the case of certain taxable mergers, any loss that is generated at the lot level is disallowed. There are U.S. tax provisions that limit the amount of reportable gains and losses for certain mergers with taxable components. Options include:

• No. No gain loss processing for corporate actions.

• Yes. Gain loss processing occurs for nontaxable mergers with taxable cash. For taxable mergers, gain/loss rules are used for the calculation of losses only.

Expiry Date Processing

12877

Indicates whether the entity allows you to process voluntary corporate actions based on expiration date. You can override this value at the voluntary corporate action election level. For more information, see Process Voluntary Corporate Actions based on Expiry Date. Options include:

• Yes. The entity allows you to process voluntary corporate actions based on expiration date +1. The system sweeps the corporate action on expiration date + 1 for corporate actions in a Released status.

• No. Default. The entity does not allow you to process voluntary corporate actions based on expiration date. By default, Eagle Accounting uses the ex date /sweep date rather than the expiration date.

Voluntary Restriction Processing

16658

Indicates whether the entity automatically processes restrictions/pledges on voluntary corporate actions. For more information, see Restrict Shares When Booking Voluntary Corporate Actions. Options include: 

• Yes. The entity processes restrictions/pledges on voluntary corporate actions. The system places the restriction on the shares when you book the voluntary election in Eagle Accounting. After you process the corporate action, Eagle Accounting lifts the restriction when the corporate action reaches its ex-date or expiration date +1, as appropriate. If you select Yes, the Release Proration Pledge field appears.

• No. Default. The entity does not process restrictions/pledges on voluntary corporate actions.

Release Proration Pledge

16865

If the entity uses voluntary restriction processing for corporate actions, indicates whether the entity automatically releases shares originally elected or automatically releases just the shares processed, if the corporate action was prorated. That is, if you apply a Proration Percent (tag 8081) value to the announcement and use voluntary restriction processing for voluntary elections, this option affects whether the system releases the prorated amount of the pledge or the entire pledge amount. Options include: 

• Yes. The entity relieves automated pledges by prorated shares when the entity uses voluntary restriction processing. This option affects only voluntary corporate actions that are prorated and use voluntary restriction processing to automatically restrict shares.

• No. Default. The entity does not relieve automated pledges by prorated shares when the entity uses voluntary restriction processing. The entity relieves automated pledges by elected shares.

Income/Prepayment Fee Treatment

16739

Identifies the types of corporate actions for the entity's selected accounting basis that use the income/prepayment fee treatment. The income/prepayment fee treatment supports NAIC accounting requirements relating to prepayment penalties, acceleration fees, and make-whole call provision fees on bonds. The system uses this setting in conjunction with the Income/Prepayment Fee Treatment field applied at the corporate action transaction level. For more information, see Understand Income/Prepayment Fee Treatment. Options include:

• All. Apply the NAIC income/prepayment fee treatment to calls and principal repayments. 

• Calls Only. Apply the NAIC income/prepayment fee treatment only to calls. 

• Principal Repayments Only. Apply the NAIC income/prepayment fee treatment only to principal prepayments. 

• None. Do not apply the NAIC income/prepayment fee treatment to corporate actions. Also used with null values for this field. 

NOTE:  If you enable use of the income/prepayment fee treatment for specific types of corporate actions at the entity/basis level, be aware that the system does not consider the basis level Redemption Gain/Loss Indicator field setting for transactions that use the income/prepayment fee treatment. If you set the Redemption Gain/Loss Indicator field to Amortization, the system treats those transactions as if you set the Redemption Gain/Loss Indicator field to Gain/Loss.

Settlement Fields

Contract Settle Indicator

3919

Specifies the settlement date the system uses when contractually settling trades and/or income. Options include:

• Contractual Settlement Date. The system settles the trades and/or income on the contractual settlement date.

• Contractual Settlement Date plus 1 Day. The system settles the trades and/or income items on the contractual settlement date plus one day.

Contract Cash Settlement Rule Name

11833

Specifies the name of the contract cash settlement rule that the system uses to determine whether to settle trades through the contract cash process, based on processing security type or security. You can select one of the following default contract cash rules or can add your own custom rules. Options include:

• DEFAULTTRDINC. Settle both transactions and income for trades and corporate actions.

• DEFAULTTRDINCNOCA. Settle both transactions and income for trades but not for corporate actions.

• DEFAULTTRDONLY. Settle transactions, but not income, for trades and corporate actions.

• DEFAULTTRDONLYNOCA. Settle transactions, but not income, for trades but not corporate actions.

• DEFAULTINCONLY. Settle only income for transactions such as coupons and corporate actions.

• DEFAULTINCONLYNOCA. Settle only income for transactions such as coupons but not corporate actions.

• DEFAULTNONE. Settle neither transactions nor income for trades or corporate actions.

Auto Settle Indicator

58

Indicates whether the system settles trades, coupons, and miscellaneous income and expenses automatically. Options include:

• No. Default. The system does not automatically settle trades, coupons, and miscellaneous income and expenses. You must schedule the settlement for these transactions using the global Run Contract Cash panel. Or, manually settle the transactions using the Run Multiple Settlements panel. If you use cash segregation based on actual cash settlements, you can schedule settlements using the Run Cash Auto Match panel and create settlements manually using Cash Matching. Eagle recommends that you set this field to No.

• Yes. The system automatically settles trades, coupons, and miscellaneous income and expenses. If you enter Yes, the system creates a settlement as soon as the trade is processed. There is no trade to settle date gain/loss. This applies even if the settlement date is in the future.

Settlement Tolerance Income

527

Specifies the acceptable dollar amount tolerance when performing partial manual settlements of income. During partial settlement, this field displays a warning if the difference between the actual settlement amount and the contractual settlement amount exceeds the specified tolerance.

Settle Tolerance Trade

528

Specifies the acceptable dollar amount tolerance when performing partial manual settlements of trades. During partial settlement, this field displays a warning if the difference between the actual settlement amount and the contractual settlement amount exceeds the specified tolerance.

Settle Percent Tolerance Income

769

Specifies the acceptable percent tolerance when performing partial manual settlements of income. During partial settlement, this field displays a warning if the difference between the actual settlement amount and the contractual settlement amount exceeds the specified tolerance. You need to enter the value for this field as a whole number.

Settle Percent Tolerance Trade

770

Specifies the acceptable percent tolerance when performing partial manual settlements of trades. During partial settlement, this field displays a warning if the difference between the actual settlement amount and the contractual settlement amount exceeds the specified tolerance. You need to enter the value for this field as a whole number.

Cash Suspense Processing

3950

Indicates whether the system performs cash suspense processing. Cash suspense processing is started when the system attempts to settle transactions that do not match (the system cannot find a receivable or payable to settle). Options include:

• Yes. The system performs cash suspense processing. If the transaction is not found, the system posts an entry to the cash suspense account. If you select Yes, the Replay Suspense Activity field becomes available.

• No. The system does not perform cash suspense processing. The system flags the unmatched transactions as errors and sends them to the Exceptions workspace for review.

Replay Suspense Activity

12074

Specifies whether to activate the process that matches up a trade cancellation with the settlement, reverses the settlement, and replays the matching process. If there is no match, the item is posted into suspense. This can also apply to corporate actions. This field appears when you set Cash Suspense Processing to Yes and is required under that circumstance. Options include:

• Yes. Default. The system activates the process that matches up a trade cancellation with the settlement, reverses the settlement, and replays the matching process. If there is no match, the item is posted into suspense.

• No. The system does not activate the process that matches up a trade cancellation with the settlement, reverses the settlement, and replays the matching process. When you use cash segregation and have a transaction cancelled, the traded cash and linked settled cash are cancelled.

Cash Breakage Election

12071

Indicates whether breakage activity is posted to the income account (4002000300) or both the principal account (3009000200) and income account. Options include Income (Default) and Both Principal and Income.

Soft Segregation

12021

Determines whether a fund is eligible for soft segregation. Options include No (Default) and Yes. If you select Yes, the Delayed Settlements Tolerance field becomes available.

Delayed Settlements Tolerance

649

Determines the threshold for considering a soft segregable asset a leveraged asset. For example, if the tolerance is 5 days and the trade is 6 days past the settlement date, it is considered delayed and it is displayed in the leveraged assets section of the Leverage and Good Cover Assets report. This option is required if you set the Soft Segregation field to Yes. The field defaults to the value 5 and you can change it.

Expense Fields

Expense Payment Offset Account

12037

Specifies the offset account to use for expense payments for budgeted and variable expenses. When you process expense settlements, the system reclassifies the expense payable to the specified account. You must specify a general ledger account to carry accruals forward for budgeted expenses and compare payments to preset tolerances. If you leave this field blank, the system offsets the budgeted and variable expense payments to cash.

Disable Expense Reimbursement Recoupment

760

Determines whether to disable the recoupment of expense reimbursements. Options include:

• Yes. The system disables the recoupment of expense reimbursements.

• No. Default. The system enables the recoupment of expense reimbursements.

Expense Election

4952

Determines whether to replicate expense accruals and cash settlements across accounting bases. Options include:

• Replicate Expense Accruals and Expense Settlements. Allows the replication of accruals and cash settlements. The Replication Switch field (tag 4971), which is displayed on the panels used to set up expenses and expense reimbursements, allows you to replicate the accruals, cash settlements, and reimbursements on an expense by expense basis, and determines the receivable/payable accounts in which to post the accruals and settlements. Additionally, the Replication Switch dropdown, which is displayed on the Post Manual Entry Local and Base window in the Ledger Center, allows you to replicate ledger postings on all accounting bases.

• Replicate Expense Settlements Only. Allows the replication of fund expenses only. The Replication Switch field (tag 4971), which is displayed on the panels used to set up expenses and expense reimbursements, allows you to replicate the accruals, cash settlements, and reimbursements on an expense by expense basis, and determines the receivable/payable accounts in which to post the accruals and settlements. Additionally, the Replication Switch dropdown, which is displayed on the Post Manual Entry Local and Base window in the Ledger Center, allows you to replicate ledger postings on all accounting bases.

• Do Not Replicate. Disables replication.

Special Waiver Processing

16642

Identifies the special waiver processing method that the master fund uses. For more information, see Manage Special Waivers for Expenses. Options include: 

• None. Default. The entity cannot process special waivers.

• Assumption Fee. The entity can process assumption fees where you select one expense to waive and a second waiver processes the remaining expense over cap as an assumption fee. This is not an option for master feeder funds.

• Waterfall Waiver Daily. The entity can process waterfall waivers where you define fund and class level expense hierarchies to waive using daily gross expenses. Class level expenses are waived first and then fund level expenses are waived, as needed. This is not an option for master feeder funds.

• Waterfall Waiver FYTD. The entity can process waterfall waivers where you define fund and class level expense hierarchies to waive using fiscal year to date balances. Class level expenses are waived first and then fund level expenses are waived, as needed. This is not an option for master feeder and feeder funds.

Forward Fields

Forward Position By Broker

3913

Indicates whether to use the broker code to distinguish forward contracts made with a different broker but the same two currencies and maturity date. Options include:

• Yes. The system uses the broker code. If the broker is unique on each transaction, the system creates a new security master record for each forward trade with the same sell/buy currency and maturity date.

• No. The system does not use the broker code. The system does not create a new security master record for each forward trade with the same sell/buy currency and maturity date.

Net Forwards Positions

3924

Indicates whether the entity allows closes of forward contracts. Options include:

• Yes. The system allows closes of forward contracts prior to maturity. The system closes open forward contracts by offsetting forward contracts.

• No. The system holds all forward contracts until maturity. The system records separate long and short positions for offsetting forward contracts.

Forward Settlement Currency

3926

Specifies the settlement currency to use for closing a forward contract. The system creates receivable and payable records based on the value in this field. Values for this field are maintained in code category CURRENCY CODE under the source Eagle PACE on the Code Values table.

Forward Security Exists

675

Indicates whether you must add the forward contract to the security master file prior to booking a forward trade. A forward contract is a type of foreign exchange transaction whereby a contract is made to exchange one currency for another at a fixed date in the future at a specified exchange rate. Options include:

• Yes. You must add the forward contract to the security master file prior to booking a forward trade.

• No. You do not need to add the forward contract to the security master file prior to booking a forward trade. The system creates two security master records, one for each leg of the forward contract, when you book the trade.

Futures Fields

Net Futures Positions

632

Indicates whether you can book short future trades. Options include:

• Yes. Default. The system does not allow you to book short future trades. All futures transactions are processed in one net position by the clearing broker.

• No. The system allows you to book short future trades. This value allows an entity to be long and short in one futures position. If this field is set to No, you cannot book open or close short future trades.

Future Clearing Broker Code

634

Specifies the clearing broker. You can add additional values using the Codes workspace for the CLEARING BROKER code category under the source Eagle PACE.

Future Cost Ledger Method

641

Specifies how the system records the futures cost in the general ledger. Options include:

• Core. Default. The system posts a variation margin. No cost is recorded for the future transaction and commission is included as part of the cost and not paid out separately.

• UK. The system posts an unrealized gain loss. The system records the cost of the futures and commissions are paid right away.

Options Fields

Net Option Positions

639

Indicates whether you can process write and buy cover option transactions. Options include:

• Yes. Default. The system does not allow you to book write and buy cover options.

• No. The system allows you to book write and buy cover options.

Option And Futures Expire Delay Days

12101

Specifies the number of days to delay the expiration of options and futures to delay the maturity processing of options and futures. The default is 0 (zero days).

Caps/Floors Fields

Net Cap Floor

5830

Determines how the system stores cap/floor contracts. For more information, see Set Up Entities for Caps and Floors. Options include:

• Yes. Default. The system stores one net cap or floor position. An entity can be either net long or net short in the same cap/floor security master record.

• No. The system stores separate long and short positions. An entity can have both long and short position in the same cap/floor security master record. If you set the Net Cap Floor field to No, ensure you set the Tech Short Eligible Indicator (tag 57) at the entity level to indicate whether the position can go technically short.

Control Center

Control Center Entity

10462

Indicates if you can view an entity's status using the Control Center. The Control Center allows you to view entity statuses for all system events in real time. The Control Center provides a central location for applying business edits, reviewing and controlling transactions, and performing valuations and audits of entities. Options include:

• No. Default. The system does not allow you to view the entity status using the Control Center.

• Yes. The system allows you to view the entity status using the Control Center. All edit test procedures check this flag to ensure the entity is set up as a Control Center entity. If you select Yes, additional fields in this section become available.

Auto Close Indicator

8253

Specifies which periods to automatically close for funds when using the Automatic Audit Close process. This process searches for entities in a valuation close status, ensures that the audit status on the NAV Recon Status panel is cleared, and then automatically closes audit periods for funds that meet the criteria. This option is required if you set the Control Center Entity field to Yes. Options include:

• Valuation Close. Automatically closes valuation periods.

• Audit Close. Automatically closes audit periods.

• Both. Automatically closes valuation and audit periods.

• None. All periods must be closed manually.

Trading Gain/Loss Rule Id

9231

Specifies the trading gain/loss rule for the entity. The trading gain/loss process determines the impact of a trade by comparing a transaction's trade price to the prior market price. This option is required if you set the Control Center Entity field to Yes. Options include:

• DEFAULT INCLUDE. Tests new purchases by using the current day market exchange price.

• DEFAULT EXCLUDE. Does not post trading gain/loss for new security purchases.

Control Center Entity Tests

2298

Specifies how you assign edit tests during fund setup. This option is required if you set the Control Center Entity field to Yes. Options include:

• Core. Used to attach out of the box edit tests upon fund setup.

• Non-Core. Used to add customized edit tests to funds during the fund setup process.

• None. Used to assign edit tests in the module after establishing them. Assigning edit tests at the composite level (not fund level) is easier to maintain.

Control Center Process Center 

11407

Specifies the control center process center code for the entity. The Control Center uses this code for queries and processes that push edit test result data to the Status Map tables. This option is required if you set the Control Center Entity field to Yes.

Control Center Daily Map

3975

Specifies the daily Control Center status map used for the entity. This field appears when you set the Control Center Entity field to Yes.

Control Center Monthly Map

80

Specifies the month end Control Center status map used for the entity. This field appears when you set the Month End Processing Indicator field (tag 9697) to Yes and you set the Control Center Entity field to Yes.

Entity Level Engine Routing

Entity Engine Number

4623

Specifies the STAR engine used primarily by the entity.

Entity Engine Description

7025

Displays the description associated with the Entity Engine Number.

Partition Assignment

Entity Partition

1334

Specifies the segment of the database where you store the entity transactions. Entity partitioning is used for strategic high volume clients that require partitioning of the ESTAR database schema. Eagle clients that do not use partitioning use the default value of 1.

Tax Equalization Fields

European Equalization Flag

11540

Specifies whether to run Equalization for the for the fund's primary accounting basis. You can use the European Equalization calculation to support German Tax and EU Savings calculations.

European Equalization Method

11541

Specifies the method to use for the selected share class. Individual classes can use different methods. This option is required if you set European Equalization Flag to Yes. Options include Settled Shares and Outstanding Shares.

European Equalization Rule Name

11543

Specifies the European Equalization Rule name to use. This option is required if you set the European Equalization Flag field to Yes.

Lead/Clone Fields

Lead/Clone Assignment

9611

Specifies whether to identify the entity as lead entity or clone entity for use by the Control Center's NAV Lead/Clone query. If this entity is a:

• Lead entity, enter the value, Lead, in this field to designate the entity as a lead entity.

• Clone, enter the Entity ID of the lead entity in this field to create the link relationship between lead and clone funds.

Transfer Agent Fields

Transfer Agent Name

3627

Specifies the name of the transfer agent for the entity.

Transfer Agent Account Number

3628

Specifies the account number of the transfer agent for the entity.

NOA Allocation Rules

NOA Class Allocation Rule

12051

Specifies the allocation rule to use for performing class allocation for total fund and sector specific local Net Other Assets (NOA) and market value to individual classes.

Retail Performance

Generate Dummy Share Class ID

7006

Determines whether to generate a dummy share class ID. Options include Yes and No.

Share Class ID

2421

Specifies a Share Class ID, which is used for Retail Fund Performance.

Check to validate Share Class ID is unique

7010

Determines whether to validate the Share Class ID. Options are Yes and No.

Retail Performance Fields

Performance Fund

7009

Indicates if this is a performance fund. Options include No (default) and Yes.

Share Class Identification

Share Class 

34

Specifies the share class code. You can set up additional values for the Share Class Code field using the Codes workspace. In the Master Fund panel, the default value for the master fund's first share class row is TF (Total Fund). 

Share Class Name

3626

Specifies the share class name associated with the Share Class code. In the Master Fund panel, the default value for the master fund's first share class row is TF (Total Fund). 

Fund to Fund / Underlying Fund Identification

Held As Security

10847

Identifies the fund as a multi class fund. Options include Yes and No (Default). If you select Yes, the NAV Price Precision field and the Primary Asset ID field appear.

NAV Price Precision

10848

Specifies the number of digits for the NAV precision. This option is required if you set Held as Security to Yes.

Primary Asset ID

1795

Specifies the security identifier of the security representing the fund. For example, EQEQMF for funds making period distributions and DBMFDD for funds making daily distributions. This option is required if you set Held as Security to Yes.

Cash Segregation Fields

Position Cash Segregation Basis Indicator

11675

Indicates whether to create a custody basis for the entity for use in cash segregation. Options include:

• Yes. The system creates a custody basis for the entity. When you submit the entity, the system creates an entity record, a record for the entity's primary accounting basis, a record for the custody accounting basis, and accounting periods for both the entity/primary accounting basis and the entity/custody accounting basis. The system assigns the appropriate default settings for the custody basis. For example, a custody basis does not require income, amortization/accretion, or ledger processing. 

• No. The system does not create a custody basis for the entity. If you set the entity-level Cash Sweep option to Yes, this option displays a value of No and is locked.

Custody Basis

7002

Specifies the name of the non primary accounting basis to add as a custody basis for use in cash segregation. The default value is CUST. This field appears if you set the Position Cash Segregation Basis Indicator field to a value of Yes. Tag 7002 is a work tag and is not stored.

Source Fields

MTM Rate Source

5064

Displays the master fund's pricing source that the system can use to mark foreign receivables to market. 

NASDAQ Fields

NASDAQ Listing Start Date

5163

Specifies the begin date of the time period when a NAV for this share class can be marked for transmission to NASDAQ.

NASDAQ Listing End Date

5164

Specifies the end date of the time period when a NAV for this share class can be marked for transmission to NASDAQ.

Earnings/Amortization Fields

IO Security Amort/Income Flag

17387

Determines how the system recognizes amortization and accretion on the General Ledger for securities with a processing security type (PST) of Interest Only Factor Based Debt Instrument (DBFBIO) for the share class. Options include:

• Separate Income and Amort on Ledger. Bifurcates the income streams with amortization going to an amortization account and the interest going to investment interest income. Eagle Accounting posts amortization and accretion to the following general ledger account after a split: Amortization of Premium (4001000401), Investment Interest Income (4001000100).

• Combine Income and Amort on Ledger. Default. Nets together amortization and accretion in the Investment Interest Income (4001000100) account on the general ledger.

Other Information Fields

Inception Value

1160

Specifies the monetary value of the share class at the inception date. For reference only.

Cap Stock Fields

STAR Initial NAV

3634

Specifies the initial NAV per share class as of the STAR conversion date. You can specify this value at the share class level if the entity contains more than one share class. 

Base Class

12013

Indicates whether the share class NAV is used as the basis when determining NAV divergence. When you set up a fund that use set rate distributions, you must identify a specific share class as the base class for that master fund. Options include Yes and No.

Allocation Fields

FOF Allocation Rule

11524

Determines how to perform fund of fund (FOF) allocations for the share class. Fund of funds processing enables you to allocate a master fund’s cash inflows and outflows across its underlying fund investments. The available allocation methods use the market value of its underlying funds. The investment ownership in each fund of fund is calculated by dividing each underlying security’s market value to the total market value of all underlying securities. Given the nature of the FOF fund structure, it is necessary to allocate the master fund’s cash inflows and outflows across the underlying funds, utilizing set allocation ratios.

Share Class Fields

NASDAQ Symbol

13

Specifies the NASDAQ symbol.

Load Charge 

5165

Specifies the load charge for the share class. 

Load Effective Date 

5166

Specifies the effective date of the load charge for the share class. This date is required if you specify a load charge.

Share Class CUSIP

10748

Specifies the CUSIP of the share class.

Share Class Ticker

10479

Specifies the ticker of the share class.

Share Class Exchange

10480

Specifies the exchange of the share class.

Share Class ISIN

10481

Specifies the ISIN of the share class.

Minimum Yield

4992

Indicates the minimum yield that a daily distributing master fund entity share class must obtain. The system requires a minimum yield to process expense reimbursements. If the net investment income (NII) process calculates a yield below this threshold, it recalculates the distribution amount to equal this threshold. The system automatically posts the difference to a dividend expense reimbursement account. The minimum yield is reported as a percentage; however, you must enter it as a numerical value.

Share Class Hedging

18045

Determines if the share class elects share class hedging. Share class hedging allows a share class to have exposure to assets/securities denominated in a foreign currency without the associated currency risk of the base currency of the fund. A share class can elect to use share class hedging in order to allow Eagle Accounting to allocate the currency gain/loss directly to the hedge class. Options include: 

• Yes. The share class is eligible to process share class hedging. Realized gain-loss on capital stock settlements is fully allocated to the hedge share class. The system posts any calculated gains or losses associated with hedge share classes directly to that share class.

• No. Default. The share class is not eligible to process share class hedging. Realized gain-loss on capital stock settlements is not fully allocated to the hedge share class. The system posts any calculated gains or losses associated with hedge share classes to the total fund to be allocated to all share classes within the entity.

Corporate Action Fields

Calls,Puts,Refunds,Principal Repay,Cash Tender Prorata Close Flag

17388

Specifies how the system processes CA_CASH_CLOSE events that affect Calls, Puts, Refunds, Principal Repayments, and Cash Tender corporate actions for the share class. Determines whether the system relieves lots on a prorata basis or based on lot selection method. Options include:

• Yes. The system processes cash close events for Calls, Puts, Refunds, Principal Repayments, and Cash Tender corporate actions on a prorata basis.

• No. Default. The system processes cash close events for Calls, Puts, Refunds, Principal Repayments, and Cash Tender corporate actions based on the entity Lot Selection Method (LSM).

Transfer Agent Fields

Share Class Status

3630

Displays the status of the share class. Options include Active (Default) and Inactive. The system excludes share classes with an Inactive status from SEC yield calculation.

Share Class Termination Date

3631

Specifies the termination date of the share class. It is used in SEC yield processing.

Retail Performance

Generate Dummy Share Class ID

7006

Determines whether to generate a dummy share class identifier. Options include Yes and No.

Share Class ID

2421

Specifies a unique share class identifier. The system displays a value if you set Generate Dummy Share Class ID to Yes. 

Check to Validate Share Class ID is Unique

7010

Indicates whether the share class ID is unique. Options include Yes and No.