Set the Bypass Earnings Replay Option to A

You can have the system set the Bypass Earnings Replay (tag 11793) option to a value of A on transactions if you want Eagle Accounting to bypass the Earnings replay during the rollback/replay process. The rollback still occurs, but no income or trades replay ensues, which significantly improves system performance while posting backdated transaction activity. This setting is often used during TBA allocation, because the trade activity involved many backdated trades which rolled back earnings and factors each time during every trade. 

If you assign the Bypass Earnings Replay (tag 11793) option for a transaction to a value of A, during transaction processing the system bypasses Earnings processing along with the following accounting functions:

• OpenWashSaleAdj

• CloseWashSaleAdj

• accrueMaster

• supplementEventWithEarnProperty

• ledgerPeriodForwardBackward

• calcVariationMargin

• CalculateYield

• CalcTradedInterest

• setConvBond

• supplementEventWithYieldProperty

• LedgerPosting_Generate_DRCR_ByRow

• CalcTipsIndexRatio

• GetPaydownGainloss

• SetIncomeRecognitionTag

• Included in this list is the write cursor to the STAR to PACE Delta trigger log. The system bypasses this log to increase processing speeds. After you run the REACCRUE event, the system populates the STAR to PACE Delta trigger log and subsequently updates the Eagle data warehouse.

Assign Transactions a Value of A

The Bypass Earnings Replay field is not available in any accounting trade entry panels. Because each Eagle client that uses this option has their own criteria for assigning this tag to transactions, you can use the Force Add Tags option on the stream to assign this tag a value of A. The Force Add Tags option, available in Message Center Editor's ID RUNPANEL Editor, allows you to add tags on an ad hoc basis without modifying and customizing a panel. For audit purposes, the system adds this column to the ESTAR_FINANCIAL_EVENT table once the trades are processed. 

The Bypass Earnings Replay field is available when you book an impairment for a fixed income security using the Book Impairment Adjustment panel.

Process Transactions Set to A

Once you book a trade on the position with Bypass Earnings Replay (tag 11793) option set to a value of A, Eagle Accounting locks it down. This means that you cannot run the normal Earnings process or attempt to process factors until you run the Reaccrue process. You can use the Reaccrue for Earnings Bypass panel to catch up earnings that the system previously bypassed. 

During transaction processing, Eagle Accounting uses the PLANSTEP_FUNC_BYPASS_DT column on the ESTAR_COST_POSITION table. It sets this column equal to Trade Date minus one of the earliest trade on a position that was booked with Bypass Earnings Replay (tag 11793) set to A. Eagle Accounting uses this date to determine how far it needs to roll back earnings. The system then replays earnings up through the previous EARN_THROUGH_DATE on the ESTAR_COST_POSITION table. You can view the value in Position Viewer for the Cost position, where the value is called PLANSTEP_FUNC_BYPASS_DT (tag 12401). It represents the date in which earnings need to be caught up from. It is used only by the Earnings process run through the Reaccrue for Earnings Bypass panel.

The system only bypasses ledger activity for open transactions. It does this because if a backdated close occurred that rolled back several transactions, the ledger postings associated with those rolled back transactions will remain on the ledger. Therefore, the system does not bypass ledger activity for closes and cancels at this time.

Set the Bypass Earnings Replay Option to Y

You can have the system set the Bypass Earnings Replay (tag 11793) option to a value of Y on transactions. You can have the system place this value on any backdated event. For example, you can use this value with the event type of INCRFEE or DECRFEE, 

Using a value of Y suppresses the replay of earnings through the last earn thru date during rollback replay. For example, if you have a buy which has earned through today, and then you post another backdated buy today with a trade date of yesterday, you do not earn again through today as you normally would.