Understand Variable Rate and Floating Rate Securities

You can set up and work with variable rate and floating rate securities when you use Eagle Accounting. 

A Variable Rate security in Eagle Accounting is a security that accrues interest off a non-predetermined coupon rate in the Variable Rate table, and that rate changes over time.

A Floating Rate security is a security that accrues interest based on the value of an underlying index. A Floating Rate security can also use a basis point adjustment to the underlying index, in order to calculate a coupon rate. An Inverse Floating Rate security accrues interest inversely to an index. Like a Floating Rate security, an Inverse Floating Rate security can use an index offset in the calculation of the coupon rate to use in earnings calculations.

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