Manage Eagle Enrichment
- Jawann Swislow
- Pamela Totas (Deactivated)
- Nancy Cohn (Deactivated)
Eagle Enrichment enables reporting and analyses that provide a better understanding of portfolio exposure and risk by creating an alternate set of position and cash activity data. The rules-based architecture allows you to define formulas to enrich the raw accounting valuations for specific securities and entities.
It includes capabilities for creating and enriching synthetic cash offset securities when needed. For example, when you derive the notional exposure value for a future or option, the Enrichment engine calculates and stores this new value and simultaneously creates synthetic holdings and flows for a cash offset to keep the fund-level return intact.
Eagle Enrichment also provides a position roll forward feature. This clones a complete set of positions to a new date, with the ability to include any calculations that are required. This can be useful in cases where funds:
Are valued quarterly or less, but need monthly reporting
Only have month-end valuations from accounting, but need an estimated daily valuation using prices from different sources
Only have month-end local valuations from accounting, but need daily estimated base equivalents using exchange rates from different sources
As of V17, Eagle Enrichment supports all derivatives available in Eagle Accounting that benefit from notional exposure analyses.
Support for synthetic cash maintenance assumes you are using Issue Viewer or Reference Data Center (RDC) with linked data strategies. Both modules can automatically create synthetic cash securities and establish the required underlying relationships. If you are not using Issue Viewer or RDC to do so, you may need to modify your security setup procedure before using Eagle Enrichment for futures, options, and single-leg swaps. For more information on the setup of synthetic cash, refer to Synthetic Cash Securitization.
Rule Types
The following table describes the available types of Eagle Enrichment rules.
Rule Type | Security Criteria | Data Type | Description |
|---|---|---|---|
Standard | Required | Positions, Cash Activity | A rule that enriches holdings and/or cash activity data based on security criteria. |
Standard, Residual | Not Applicable | Positions, Cash Activity | A rule applied to any security that is not recognized by a security specific (standard) rule. Available for both holdings and cash activity. |
Roll Forward | Optional | Positions | A rule that creates positions for the submit date by finding a portfolio's most recent positions and uses them as a foundation for a new set of positions. Only applicable to holdings. Roll forward can either move positions "as is" or optionally apply calculations during the process. |
Roll Forward Residual | Not Applicable | Positions | For positions being rolled forward, residual processing can be applied for any security that is not captured by a security specific roll forward rule. |
Restrictions
Eagle Enrichment is subject to the following restrictions:
Data can be read from the security, holdings, and cash activity tables only
Data cannot be read from the trade tables
Lot-level data cannot be used
New holdings and cash activity records cannot be added for dates where records did not already exist (Eagle Enrichment can only copy and manipulate existing records)