Book Impairment Adjustment Panel Options

In the Book Impairment Adjustment panel, you can select various options based on the requirements of your business when you process an impairment by amount, price, FX rate, or by price and FX rate. Options may vary according to your selections.

Option	Tag	Description

Option	Tag	Description
Impairment Type
Impairment Processing Flag	16147	Indicates whether to process the impairment for a position or a single lot. Options include: Position. Allows you to calculate the impairment for each lot in a position. If you select this value, you can select one or more entities for a specified accounting basis. You see the Select Entity/Grouping field. Lot. Allows you to calculate the impairment for a single lot in a single entity/basis. You see the Entity ID and Entity Name fields.
Entity Information
Select Entity/Grouping	7005	Indicates whether the impairment for the position applies to one or more entities and how to identify those entities. Options include: Single Entity. The impairment applies to a single entity/accounting basis. You see the Entity ID and Entity Name fields. All Entities. The impairment applies to all entities for a specified accounting basis. Entities in a Partition. The impairment applies to all entities for a specified accounting basis in a specified entity partition. You see the Partition Number field. Group of Entities. The impairment applies to all entities for a specified accounting basis that have a specific conversion status. You see the Conversion Status field. Entities in an Entity List. The impairment applies to the entities that comprise an entity list for a specified accounting basis. You see the Entity List Name field.
Entity ID	1163	Specifies the unique identifier of the entity.
Entity Name	1164	Specifies the name of the entity.
Entity List Name	1091	Specifies the unique identifier of the entity list.
Conversion Status	3914	Specifies the conversion value of the group of entities.
Base Currency	86	Specifies the base currency to use if you select multiple entities for impairment processing and apply an impairment based on changes in foreign exchange rate. Otherwise, if you select a single entity for impairment processing or are applying an impairment based on criteria other than FX rate to multiple entities, this field displays the base currency of the entity.
Partition Number	95	Specifies entity partition code if the impairment applies to the entities in a partition.
Accounting Basis	21	Specifies the accounting basis for the entity or entities. If you select a single entity, the entity's primary basis appears by default, but you can change it.
Security Information
Impair by Option	16148	Indicates whether to process the impairment based on changes in price, foreign exchange rate, and/or amount. Options include: Price. Indicates the impairment is based on a price. If you select this option, you see the FMV Price field and the Maturity Price Override field. For more information, see Process Impairments by Price. FX. Indicates the impairment is based on a foreign exchange rate. This option is applicable if local currency is not equal to base currency. If you select this option you see the Local to Base FX Rate field. For more information, see Process Impairments by FX Rate. Both Price and FX. Indicates the impairment is based on both a price and a foreign exchange rate. If you select this option, you see the FMV Price field, the Maturity Price Override field, and the Local to Base FX Rate field. For more information, see Process Impairments by Price and FX Rate. Amount. Indicates the impairment is based on an amount. You can select this option only if you select a single entity. If you impair at the position level, you must select an Average Cost entity. You can also select this option if you are entering a cost adjustment rather than an impairment. If you select this option, you see the Local Cost Adjustment, Credit Loss Local Adjustment, and Non-Credit Local Adjustment fields. For more information, see Process Impairments by Amount.
Event Type	157	Specifies the business intent of the transaction. If you set the Impair by Option to Amount, options include Impairment and Cost Adjustment. Otherwise, this field displays a value of Impairment.
Impairment Reason	2921	Identifies the reason code for the impairment, used for regulatory purposes. Based on your selection, you see various options in the Accounting Information section that affect processing. This option applies to impairments for any accounting basis other than STAT. Options include: None. Default. Intent to Sell. Make no credit/non-credit breakout, as you imply that the security will be sold. Intent to Sell-Non-Credit Reversal. Use to reverse non-credit loss amounts. A negative non-credit amount, used for the reversal, must be equal to the amortized non-credit value on the lot. If you select this option, you see the Non-Credit Loss Local Adjustment field, the Existing Amortized Non-Credit Loss Local field and the Existing Amortized Non-Credit Loss Base field. Likely Required to Sell. Make no credit/non-credit breakout, as you imply that the security will be sold. Likely Required to Sell-Non-Credit Reversal. Use to reverse non-credit loss amounts. A negative non-credit amount, used for the reversal, must be equal to the amortized non-credit value on the lot. If you select this option, you see the Non-Credit Loss Local Adjustment field, the Existing Amortized Non-Credit Loss Local field, and the Existing Amortized Non-Credit Loss Base field. Not Recovering Amortized Cost. Make a credit/non-credit breakout because the impairments are for securities that you will likely hold for the life of the security. Not Likely Required to Sell. Make a credit/non-credit breakout because the impairments are for securities that you will likely hold for the life of the security.
STAT Reason Code	7002	Hidden. Specifies the reason code for the impairment, used for regulatory purposes. This option applies only to impairments for any accounting basis of STAT. If you choose an accounting basis of STAT, the panel hides the Impairment Reason field and shows the STAT Reason Code field. It stores the value entered as the STAT Reason Code in the Impairment Reason field. None. Default. Intent to Sell. Make no credit/non-credit breakout, as you imply that the security will be sold. Likely Required to Sell. Make no credit/non-credit breakout, as you imply that the security will be sold. Not Recovering Amortized Cost. Make a credit/non-credit breakout because the impairments are for securities that you will likely hold for the life of the security.
End Date	221	Specifies the end of period date.
Write-up/Write-down Switch	7001	If you are entering an impairment, this value indicates whether you are performing a write-up or write-down. If you are entering a cost adjustment, this value indicates whether the adjustment increases or decreases the cost basis. Options include: Increase Basis/Write-up. Identifies a write-up for an impairment or an increase in basis for a cost adjustment. Decrease Basis/Write-down. Default. Identifies a write-down for an impairment or a decrease in basis for a cost adjustment.
Long/Short Indicator	15	If you are impairing based on an amount, this value indicates whether the position you are adjusting is Long (L) or Short (S). Select this value before you select a security because your choice affects the entries available in the security lookup. Otherwise, if you impair based on price and/or FX, you cannot change this value. Options include: Long (Default) Short
Cross Reference Type	1234	Specifies the cross reference or primary asset identifier type for the security, such as CUSIP, ISIN, and SEDOL.
Cross Reference ID	1233	Specifies the cross reference security type, such as SEDOL, CUSIP, and so on.
Issue Name	961	Specifies the name of the security.
Ticker	13	Specifies the system of letters used to uniquely identify the security.
Instrument Type	11	Displays the security's investment type. For example, FI (fixed income).
Security Type	82	Displays the type of security.
Issue Currency	85	Displays the currency in which the security is priced.
Maturity Date	38	Displays the date that the security repays all outstanding principal and stops earning interest. This field appears if you select a fixed income security.
Accounting Information
Choose Open Lot	962	Allows you to select an open lot for impairment processing. The lookup displays a list of open lots that met your criteria. When you select a lot, you see additional fields that provide information about that lot.
Lot Impairment Processing Flag	16149	Indicates whether to process the position-level impairment for all lots or only for lots that need to have amortized cost (book value) decreased due to a fall in the local market value or devaluation of the local to base FX rate. Options include: Apply to All Lots. Default. Apply the impairment to all lots, including open lots where you need to increase amortized cost or base amortized cost. Apply Only to Lots to be decreased. Apply the impairment only to lots that qualify for a write-down.
Transfer Method	1872	If you use International Financial Regulatory Standards (IFRS), this value can indicate that you are adjusting entities related to a regulatory class (REGR) made during conversion. A regulatory reclass occurs when you use Eagle Accounting to convert financial assets from an old (IAS 39) IFRS regulatory category to a new (IFRS 9) IFRS regulatory category of Amortized Cost, Fair Value - Other Comprehensive Income, or Fair Value Profit Loss. For example, you move assets from Available for Sale to Amortized Cost. This field appears if you set the Impair by Option to a value of FX or a value of Both Price and FX and the entity has a regulatory category assigned. Options include Regulatory Reclass.
Acquisition Date	216	Displays the original acquisition date for the selected open lot.
Effective Date	35	Specifies the effective date as of which the amortized cost is impaired. This is the trade date of the impairment transaction. You must specify a date less than or equal to the current date. The current date is default value.
Accounting Date	36	Specifies the date the trade is reported. The accounting date must be greater than the effective date.
Settlement Date	37	Specifies the date the trade is settled.
Monthly Accounting Date	4733	Displays the month end accounting date.
Target Event ID	26	Displays the target event ID for the selected open lot.
Trade Quantity	159	Displays the quantity for the selected open lot.
Unit Price (	160	Displays the price of the security per unit for the selected open lot.
Local Original Cost	162	Displays the total cost of the executed trade for the selected open lot in local currency.
Base Original Cost	166	Displays the total cost of the executed trade in base currency for the selected open lot.
Local Current Cost	128	Displays the current identified cost basis in local currency.
Base Current Cost	129	Displays the current identified cost basis in base currency.
Cost Amortized ID Local	2689	Displays the amortized identified cost in local currency.
Cost Amortized ID Base	2690	Displays the amortized identified cost in base currency.
Credit/Noncredit Loss Processing	16158	Indicates whether to include credit/non-credit losses for fixed income holdings for the impairment when you impair by price for a position. Options include: Yes. Includes credit/non-credit losses for the impairment. If you select this option, you see the Credit Price field and the Noncredit Price field and no longer see the FMV Price field and Maturity Price Override field. No. Default. Does not include credit/non-credit losses for the impairment.
Credit Price	16150	Specifies the price to use for calculating credit/non-credit losses.
Noncredit Price	7840	Specifies the non-credit price, Non-credit loss is equal to the difference between the non-credit price and the credit price.
FMV Price	45	Specifies the impairment price or fair market value price of the security by unit. This is the unit price to which amortized cost is impaired. The system uses this value to calculate the impairment amount or non-credit loss. If you impair a single entity based on price, you see the latest available local market price of the security as of the selected effective date, but you can override that price. If you are impairing multiple entities based on price, you do not see a default value because there may be different price sources.
Maturity Price Override	2714	Specifies the maturity price to use for amortization in place of the security reference amortization price. Earnings processing recognizes this value as the amortization price in place of the security reference maturity price and applies the maturity price override to all held lots. In addition, if you enter a maturity price override, Eagle Accounting ignores all call/put schedules when calculating amortization and future cash flows. This field appears if you set the Impair by Option to a value of Price or to a value of Both Price and FX.
Local Cost Adjustment	7350	Specifies the amount of the local cost adjustment for the impairment or cost adjustment. For non-STAT bases, the impairment's total local cost adjustment is equal to the credit loss. For STAT bases, the impairment's local cost adjustment value is equal to the sum of the credit and non-credit loss amounts. This entire amount impacts amortized cost for impairments.
Credit Loss Local Adjustment	7358	Specifies the amount of the local credit loss adjustment for the impairment. For non-STAT accounting bases, this value be must equal to the value specified for the Local Cost Adjustment field. For STAT accounting bases with a regulatory category of Held to Maturity, the sum of the Credit Loss Local Adjustment value and the Non-Credit Loss Local Adjustment value must be equal to the total impairment amount.
Non-Credit Loss Local Adjustment	7359	Specifies the amount of the local non-credit loss adjustment for the impairment. For non-STAT accounting bases, this value cannot exceed the amortized cost value on the lot. For STAT accounting bases with a regulatory category of Held to Maturity, the sum of the Credit Loss Local Adjustment value and the Non-Credit Loss Local Adjustment value must be equal to the total impairment amount.
Local to Base FX Rate	87	Specifies the asset currency to portfolio base currency exchange rate. This value is expressed as units of asset currency to one unit of portfolio base currency. The system uses this impairment FX rate to calculate the impairment amount. If you impair a single entity based on FX rate, you see the latest available local to base FX rate as of the selected effective date, but you can override that rate. If you are impairing multiple entities based on FX rate, you do not see a default value because there may be different FX sources.
Existing Amortized Non-Credit Loss Local	7356	Displays the non-credit local amount that you are closing out with a non-credit loss reversal.
Existing Amortized Non-Credit Loss Base	7357	Displays the non-credit base amount that you are closing out with a non-credit loss reversal.
Other Information
Original Trade Ticket Number	761	Specifies the origin of the trade ticket number for the lot.
Transaction Notes	56	Specifies comments about the transaction.
Cost Offset Amount	1728	Allows you to post ledger entries to gain/loss, amortization, or a specified offset account. Options include: Gain/Loss. Default. If you use IFRS, the system determines the appropriate account based on the direction of the adjustment. Amortization. If you use IFRS, the system determines the appropriate account based on the direction of the adjustment. Other. Allows you to specify a Receive/Deliver offset account. If you select this option, you see the Reason field and Offset Accounting Number field.
Reason	1828	Indicates the reason for the impairment or cost adjustment. The lookup shows codes for the REC_DEL_ACCTS code category to describe the offset account.
Offset Accounting Number	1825	Specifies the offset account for the impairment or cost adjustment.
Recalculate Yield	1257	Determines whether impairment processing runs prospective amortization and prospectively recalculates the yield. Options include: Yes. Impairments automatically run prospective amortization and prospectively recalculate the yield. During the amortization process, Eagle Accounting amortizes the non-credit loss amount when the regulatory category is Held to Maturity (HTM). No. Impairment processing does not recalculate the yield. The Earnings process continues to use the pre-impairment yield.
Bypass Earnings Replay	11793	Determines whether the system suppresses income rollback replay when it processes multiple impairments for a prior date. This can help improve system performance because earnings does not replay multiple times unnecessarily. This field appears only if you select a fixed income security. Options include: Yes. The system bypasses earnings during rollback and replay. When all the adjustments are complete, you can run an income catch-up process using the Reaccrue for Earning Bypass panel so the earnings runs only once. No. The system does not bypass earnings during rollback and replay.