About Security Reference Data for Exchange Offers

You can use an Exchange corporate action to exchange a fixed income security (From Security) for another fixed income security (To Security). When you set up an exchange offer corporate action, you identify the From Security and the To Security. Before you can add the corporate action, you set up the security master records for these securities. 

When you set up the To Security for an exchange offer, Eagle recommends that you set up the To Security's Dated Date (tag 1183) field value so that it is equal to the Exchange Offer's Pay Date (tag 1275) field value. The Dated Date specified represents the day that the security starts accruing interest and amortization. This recommendation applies to any exchange offer with any Treatment of Interest Indicator option selected. However, for exchanges offers where you set the Treatment of Interest option to Receive Interest to Ex Date or to Receive Interest to Pay Date, there is a requirement that you set the To Security's Dated Date (tag 1709) field value so that it is equal to the Exchange Offer's Pay Date (tag 1275) field value in order to properly account for the income on the From and the To sides of the exchange.