Manage Variable Rates in Issue Viewer

Add Variable Rates

In the Add Variable Rate panel, you can add one or more variable rates for a security. For information about working with accrual factors in Reference Data Center, see Manage Variable Rates.

To add one or more variable rates:

In Accounting Center, in the left navigation pane, click Setup > Securities > Manage Securities > Issue Viewer.
You see the Issue Viewer tool.

1. In the left navigation, double-click Issue Variable Rates and Add Variable Rate.
   You see the Add Variable Rate panel.

2. Complete the options on the Add Variable Rate panel.
   The following fields are required to add a variable rate:  Source Name, Asset ID Type, Asset ID, Issue Name, Effective Date, Variable Rate,

3. To add additional variable rates:
   –  Right-click near the bottom of the panel and select Add Rows.
   –  Enter the number of rows you want to add.
   –  Click OK.
   –  Complete the options on each row you added.

4. Click Submit.

Change Variable Rates

To change a variable rate:

1. In Accounting Center, in the left navigation pane, click Setup > Securities > Manage Securities > Issue Viewer.
   You see the Issue Viewer tool.

2. In the left navigation, double-click Issue Variable Rates and Change Variable Rate.
   You see the Change Variable Rate panel.

3. Complete the options on the Change Variable Rates panel.
   For example, enter the query parameters to identify the rate you want to change.

4. Click Submit.
   You see a list of rates that meet the selection criteria.

5. Select the rate you want to change and click Change Selected Variable Rate Record.

6. Update the record with the correct values for the Variable Rate, Next Refix Date, Schedule Period Type, and Reset Day fields.
   The effective date is part of the primary key and you cannot change it. If you need to change the effective date, you must delete the record and re-enter the rate using the correct date.
   If a rate is changed for the current coupon period, the system picks up the new variable rate the next time the earnings process is invoked. If the variable rate is changed for a prior period, the earnings process needs to be rolled back to the effective date of the variable rate change, and replayed forward to correctly reflect the position's earnings value.

7. Click Submit.

Delete Variable Rates

To delete a variable rate:

1. In Accounting Center, in the left navigation pane, click Setup > Securities > Manage Securities > Issue Viewer.
   You see the Issue Viewer tool.

2. In the left navigation, double-click Issue Variable Rates and Delete Variable Rate.
   You see the Delete Variable Rate panel.

3. Complete the options on the Delete Variable Rates panel.
   For example, enter the query parameters to identify the rate you want to change.

4. Click Submit.
   The system displays the values that meet the specified criteria.

5. Select the rate you want to delete and click Delete Selected Variable Rate Record.

6. Click Submit.
   When you delete a variable rate in the current coupon period, Eagle Accounting picks up the change the next time you invoke the earnings process. If the change is made in a prior period, the earnings process needs to be rolled back to the date of the change, and replayed forward to make the position's earnings correct.

List Variable Rates

To list a variable rate:

1. In Accounting Center, in the left navigation pane, click Setup > Securities > Manage Securities > Issue Viewer.
   You see the Issue Viewer tool.

2. In the left navigation, double-click Issue Variable Rates and List Variable Rates.
   You see the List Variable Rates panel.

3. Complete the options on the List Variable Rates panel.
   For example, enter the query parameters to identify the rate you want to change.

4. Click Submit.

View Variable Rate Journals

The Variable Rate Journal keeps track of changes made to the variable rates.

To view the Variable Rate Journal:

1. In Accounting Center, in the left navigation pane, click Setup > Securities > Manage Securities > Issue Viewer.
   You see the Issue Viewer tool.

2. Use Issue Viewer to locate the variable rate security you want to view in the Variable Rate Journal.

3. Click the security in the Query Result list.

4. Click the Variable Rates tab near the middle of the Query Result window.
   If no rates exist, you see a "Query returned no data" message. Otherwise, you see a list of existing variable rates.

5. Click the Variable Rate Journal tab.
   You see the List Variable Rate Journal Details panel.

6. Complete the options on the Variable Rate Journal panel.
   The Begin Date and End Date fields refer to the update date (date of change) rather than the effective date of the variable rate.

7. Click Submit.
   You see the Submit Query dialog box.

8. Click the Standard Report, Grid Report, or Advanced Report button.
   You see the variable rate change history in the selected format.