Process Conversion of ILBs

Owned by Nancy Cohn (Deactivated)
Last updated: Dec 11, 2023
1 min read

In the Conversion of Position to Eagle STAR panel, which you can access from the Book Trade tool, you can process conversion transactions involving ILB securities.

The Conversion of Position to Eagle STAR panel allows you to convert a position into Eagle Accounting using the following criteria:

  • The conversion panel calculates the ILB Original Acquisition Index Ratio (tag 11509) as of the original settlement date.

  • The conversion panel calculates Original Cost Local (No Amortization) (tag 3747), the original acquisition cost of the tax by multiplying the Quantity (tag 40) * ILB Original Acquisition Index Ratio (tag 11509) * Price (tag 45).

  • The conversion panel calculates the Converted ILB Income Life to Date Local (tag 11508) by multiplying the Quantity (tag 40) * (ILB Index Ratio (tag 4483) - ILB Original Acquisition Index Ratio (tag 11509)).

  • The converted local cost is correctly calculated by summing the Original Cost Local (No Amortization) (tag 3747) plus Life to Date Amortization Cost Local (tag 972) plus Converted ILB Income Local to Local (tag 11508)

  • The Converted Base Cost is correctly calculated by summing the Original Cost Base (No Amortization - tag 3746) + Life to Date Amortization Cost Base (tag 971) Life to Date ILB Income Base (tag 11516)

Â