ISTAR Reconciliation Reports
You can access ISTAR reconciliation reports in Eagle Insurance using the left navigation pane options under Accounting Center > Insurance > Control Reports > Reconciliation.
Detail VBY Report
The Detail VBY report summarizes the changes in Book/Adjusted Carrying Value from the prior year end to the end of the current period for all assets at an asset/account level. The actual Book/Adjusted Carrying Value is compared to the expected Book/Adjusted Carrying Value and variances, if any, are identified.
The report includes current year changes for the following values, as used to calculate an expected book adjusted carrying value:
Acquisitions
Unrealized Gains/Losses
Unrealized Foreign Exchange Gains/Losses
Amortization/Accretion
Impairments
Total Realized Gains/Losses
Proceeds
You can create the report at the Client or Entity level, for all assets, or for an individual asset at the lot detail or position summary level. When submitted at the Client level, you create several views:
Combined View. Groups all positions together by security and schedule.
Entity Breakdown View. Displays a separate listing of positions for each entity in the client.
ISTAR – Ledger Reconciliation
The ISTAR – Ledger Reconciliation provides a comparison and identifies variances of values stored in the Insurance warehouse to corresponding ledger balances for the STAT basis. The report includes summary and detail views, and lists the schedule line codes associated with balances.
The Post STAT URGL to Ledger function in Insurance > Processing > Build Insurance Data should be executed to align the ledger and Insurance unrealized gain/loss values on the report. A Transfer STAR General Ledger Balances in Global Processes > STAR to PACE Direct Processing is required to populate the ledger data for the month end date for which you run the report.
Earned Income Report
The Earned Income report displays the gross investment income earned for all assets. The earned income report is broken down into various components:
Collected Income
Due and Accrued Income
Unearned Income
Prior Year Due and Accrued/Unearned
Earned Income
You can create the report at the Client or Entity level, for all assets, or for an individual asset at the lot detail or position summary level. When submitted at the Client level, you create several views:
Combined View. Groups all positions together by security and schedule
Entity Breakdown View. Displays a separate listing of positions for each entity in the client
Collected Income Report
The Collected Income report displays the gross investment income collected for all assets. The collected income report is broken down into various components:
Interest Paid on Acquisition
Accretion/(Amortization)
Interest/Dividends Received on Holdings
Interest/Dividends Received on Disposals
Collected Income
You can create the report at the Client or Entity level, for all assets, or for an individual asset at the lot detail or position summary level. When submitted at the Client level, you create several views:
Combined View. Groups all positions together by security and schedule
Entity Breakdown View. Displays a separate listing of positions for each entity in the client
Amortization/Accretion Control Report
The Amortization Control report lists the amortization and accretion associated with all open positions and all closing transactions. You can reconcile the report values to the values on the Position and Activity schedules, as well as the amortization and accretion values contained in the footnotes of the Exhibit of Net Investment Income. The report displays Current Quantity, Actual Cost, and Book/Adjusted Carrying Value.