Maintain Security Master File (SMF) Information
- Nancy Cohn (Deactivated)
- Kinga Huszno
- Jacob Mathews (Deactivated)
After you verify your security master file records in Eagle, you can change or add insurance-related SMF data using Eagle Insurance panels. You can maintain supplemental reporting information, and overrides for ISTAR-derived data. For all changes, you must specify an effective date for your SMF modification.
To change SVO category fields added during the establishment of SMF information, you must use the Edit SVO Codes panel. For more information, see Manage SVO Codes.
In this section
To maintain the SMF insurance-related information and elections:
In Accounting Center, in the left navigation pane, click Setup > Insurance > Securities > Edit Security Insurance Information.
You see the Edit Security Insurance Information panel.ÂComplete the options on the panel.
Click Submit.
The system updates the security master information.
Edit Security Insurance Information Panel Options
The Edit Security Insurance Information panel has three sections:
Select by Security. Specifies the lookup information for the security to update, and the effective date for the change.
Issue Identification. Displays information about the security, allowing you to verify that you are updating the correct record.
Change SMF Data. Lists the insurance-related SMF field information for update.
The following table describes the insurance-related options and SMF elections required for ISTAR processing.
Option | Description |
|---|---|
Change By Issue Security | |
LOOKUP fields | Allows you to enter the information required to uniquely locate the SMF record for update. Options include:
|
Effective Date | Specifies the effective date of the changes submitted. Field changes are maintained in the ISTAR_XREFERENCE table and used for statutory accounting and reporting purposes during the ISTAR Refresh/Valuation process, when the effective date is less than or equal to the ISTAR Refresh/Valuation month end date. |
Issue Identification | |
Identification fields | Displays several identification fields after a successful database retrieval using one or more of the LOOKUP fields above, to allow you to verify that the panel is updating the correct security. Displayed fields include:
|
Change SMF Data | |
Bond Characteristic | Specifies bond characteristics for Schedule D1 / Column 5, preempting derivation by the ISTAR Refresh/Valuation process. By default, the ISTAR Refresh/Valuation process automatically derives a bond characteristic value, unless you supply a value, as described in the NAIC Guidelines. ISTAR does not use this information for Statutory Accounting; the field is informational only. See NAIC Instructions (Schedule D – Part 1) for detailed field descriptions. For more information about the derivation logic, see About Bond Characteristic Code Derivation for a Security. Options include:
|
Conversion Date | Identifies the conversion date associated with a mandatory convertible debt security. This field appears if you set the Bond Characteristic field to Mandatory Convertible:8, or to a value that includes an 8. |
Foreign Type | Identifies the NAIC foreign code. The foreign type assumed for statutory accounting and reporting, preempting derivation by the ISTAR Refresh/Valuation process. Schedules impacted include:
If you do not specify a value, the ISTAR Refresh/Valuation process derives the value. For more information about the derivation logic, see About Foreign Code Derivation for a Security. Options include:
ISTAR does not use this information for Statutory Accounting and the field is informational only. Schedules impacted include Schedule D – Part 1 and Schedule DA – Part 1. NOTE: The foreign code for a security depends on the Issue Country, Country of Incorporation of the issuer, and Asset Currency fields for the security. |
Special Bond Classification | Identifies the special bond classification assumed for statutory accounting and reporting. Securities impacted, with their "Code" column for Schedule D1:
NOTE: The system automatically assigns the @ designation to securities where the Processing Security type is DBIBPO or where the Zero Coupon Indicator = Y. |
Collateral Type | Specifies the Collateral Type that is included in the Statement Vendor extract file for qualifying securities. The NAIC requires that the Collateral Type be reported on the electronic filings for securities included on the Schedule D – Part 1 that have an SVO Category of Industrial and Miscellaneous (Unaffiliated) and an SVO Category/Subcategory on the following list:
Also used to mark a security as collateral for reporting on the Schedule DB – derivatives schedules. The following Collateral Types appear in order of Vendor Extract number. You can view the Vendor Extract number, collateral type, and STAR code value supported per NAIC instructions.
NOTE: The Schedule DB Collateral options is strictly used to identify a security to be treated as collateral on the Schedule DBs. It is not a valid value for reporting collateral type on vendor extracts. |
When Paid | Identifies the value of the When Paid field for Schedule D1 or Schedule DA1, preempting derivation by the ISTAR Refresh/Valuation process. Options include: If you do not specify a value, the ISTAR Refresh/Valuation process automatically derives the payment schedule by analyzing the First Coupon Date and the payment frequency of a security. The field is informational only. See NAIC Instructions for more details. |
Additional Classification | Specifies the affiliation of the asset. Used for Asset Valuation Reserve and Summary Investment Schedule reporting. Options include:
|
Private Placement | Identifies the private/public placement designation of the asset. Used for Asset Valuation Reserve, Summary Investment Schedule, and Maturity Distribution reporting. Options include:
|
144A Eligible Indicator | Indicates if the asset is tradable under Rule 144A, Security and Exchanges Commission (SEC) regulation. Used for the preparation of Schedule D – Part 1A, for Section 1, "Quality and Maturity Distribution of All Bonds owned at Book/Adjusted Carrying Value by Major Types of Issue and NAIC Designations". Options include:
|
NAIC Cap Structure Code | Specifies the NAIC Capital Structure Code of the asset. Included as an electronic reporting value on Schedule D – Part 1. For more information about the derivation logic, see About Capital Structure Code Derivation for a Security. Options include:
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