About Default Processing

Owned by Nancy Cohn (Deactivated)
Last updated: Feb 15, 2024 by Jawann Swislow
1 min read

Eagle Accounting has full support for securities in default by allowing you to:

  • Shut off accruals on a security, either at a security/accounting basis level or at an entity/accounting basis and security combination level (position level)

  • Shut off amortization on a security, either at a security/accounting basis level or at an entity/accounting basis and security combination level (position level)

  • Shut off accruals and amortization on a security, either at a security/accounting basis level or at an entity/accounting basis and security combination level (position level)

  • Stop the maturity processes when the bond is in default

Eagle Accounting does not calculate accrued interest purchased or sold when purchasing or selling a bond that is in default.