Set Up Entities for Contract Cash Processing

Owned by Nancy Cohn (Deactivated)
Last updated: Jan 12, 2023
3 min read

After you add contract cash rules, you can set up the entities, master funds, and accounting bases eligible for contract cash processing.

Set Up Entities and Master Funds for Contract Cash

You can assign contract cash rules to the entities and master funds that use contract cash processing and you can identify the settlement date to use for contract cash processing at the entity level.

To set up entities for use with contract cash processing:

  1. From any Eagle window, click the Eagle Navigator button to access the Eagle Navigator.

  2. Enter the panel name to add or change a basic accounting entity or master fund in the Start Search text box.
    You can specify options related to contract cash using the Create/Edit Entity panel, Create Master Fund panel, or Edit Master Fund/Sector panel. These panels are available in Portfolio Data Center and in Accounting Center. 

  3. Click the link to access the panel.

  4. In the Contract Settle Indicator field, specify the settlement date the system uses during contract cash processing.
    If you do not specify an option, the contract cash process uses the contractual settlement date for settlement. Options include:
    - Contractual Settlement Date. The system uses the contractual settlement date of the transaction for settlement during contract cash processing.
    - Contractual Settlement Date plus 1 Day. The system use the contractual settlement date of the transaction plus one day for settlement during contract cash processing.

  5. In the Contractual Cash Settlement Rule Name field, specify the name of the contract cash rule that the system uses to determine whether to settle transactions through the contract cash process. You can select one of the following default contract cash rules or you can select a custom contract cash rule that you created to support your workflow:
    - DEFAULTTRDINC. Settles trades and income.
    - DEFAULTTRDINCNOCA. Settles trades and income. No corporate actions.
    - DEFAULTTRDONLY. Settles trades only.
    - DEFAULTTRDONLYNOCA. Settles trades. No corporate actions.
    - DEFAULTINCONLY. Settles income only.
    - DEFAULTINCONLYNOCA. Settles income. No corporate actions.
    - DEFAULTNONE. Settles no transactions.

  6. Complete the remaining options on the panel.

  7. Save your changes.

Set Up Accounting Bases for Contract Cash

You can assign contract cash rules to the accounting bases that use contract cash processing.

To set up accounting bases for use with contract cash processing:

  1. From any Eagle window, click the Eagle Navigator button to access the Eagle Navigator.

  2. Enter the panel name to add or change an accounting basis in the Start Search text box.
    You can specify options related to contract cash using the Add a Basis to a Portfolio or Edit a Basis on a Portfolio panels. These panels are available in Portfolio Data Center and in Accounting Center. 

  3. Click the link to access the panel.

  4. Under Settlement Fields, in the Contract Cash Settlement Rule Name field, specify the name of the contract cash rule that the system uses to determine whether to settle transactions through the contract cash process. You can select one of the following default contract cash rules or you can select a custom contract cash rule that you created to support your workflow:
    - DEFAULTTRDINC. Settles trades and income.
    - DEFAULTTRDINCNOCA. Settles trades and income. No corporate actions.
    - DEFAULTTRDONLY. Settles trades only.
    - DEFAULTTRDONLYNOCA. Settles trades. No corporate actions.
    - DEFAULTINCONLY. Settles income only.
    - DEFAULTINCONLYNOCA. Settles income. No corporate actions.
    - DEFAULTNONE. Settles no transactions.

  5. Complete the remaining options on the panel.

  6. Save your changes.