With Asset-Level Expected Credit Losses, Eagle’s accounting solution allows you to book expected losses at the individual lot level for debt securities held by the entity when you use a US GAAP accounting basis.
When accounting for asset-level expected credit losses, you can:
Identify an entity/basis regulatory treatment with the ECL method of US Treatment for US GAAP for use with FVOCI and AC regulatory categories.
Convert positions to add expected credit losses to the conversion event for debt security positions.
Book transactions on debt securities with expected credit losses using Receive and Buy trade panels.
Apply expected credit losses to debt security lots as an adjustment entry.
Cancel any expected credit loss adjustments entered through the Book Asset-Level or Book Collective Level panels.
Generate the appropriate accounting entries for the following types of transactions:
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