Manage Cash

Eagle's Accounting solution stores and reports on cash activity from both a traded and a settled perspective. It allows you to settle transactions automatically or manually. The system allows you to settle transactions automatically or manually through a process called Contract Cash. For example, an entity's traded cash balance is decreased whenever a buy transaction occurs. It is not until the transaction actually settles that the settled cash balance is affected.

Or if you use cash segregation, you can automatically or manually match actual cash settlement records, called bank settlements, sent to the Eagle system from a bank, custodian, or third party to receivables and payables created in Eagle's Accounting solution. Cash segregation for custody holdings provides a custodian view of transaction activity. You can pair a custody location and bank cash account to facilitate the reconciliation of the accounting quantity and cash back to the custodian.