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Display Accrued

This security setting allows you to determine whether or not the coupon interest accrued since the last coupon is included as a part of the current value of the security. A direct security sync from Envestnet determines the rate at which interest accrues and the accrual method for each security.

Select Display accrued to include the accrued interest since the last coupon.

The security-level Displayed accrued setting a display only setting and does not affect performance.

To include or exclude a security from performance, use Account Settings: Display Accrued Interest. You can control this based on how you configure security details such as interest rate, payment frequency and first coupon date.

Where You Enable Accrued Interest: Account Level vs. Security Level

In Tamarac, you enable accrued interest display at the account level and/or at the security level. The following table details differences between each:

Account level Accrued Interest

• Setting name: Display accrued interest

• How to use it: Select or clear Display accrued interest for each account to display accrued interest for a specific security for some accounts but not other accounts.

• What reports you see it on: Performance reports, when only account-level accrued interest is selected.

Security Level Accrued Interest

• Setting name: Display accrued

• How to use it: Select or clear Display accrued for each security to show accrued interest for one security but not another within an account.

• What reports you see it on: Performance and Holdings reports when account- and security-level accrued interest are both selected.

Where You See Accrued Interest

You see accrued interest in the following locations within Tamarac:

• Performance reporting at the account and position levelAccruing interest could impact the account or position returns.

• Holdings reporting at the account and position levelAccruing interest could impact the account or position values.

  important

  To see accrued interest on Holdings reports, it must be enabled at both the account level and the security level.

• BillingAccruing interest could impact the billable value.

See Accrued Interest in Action

When you select Display Accrued Interest, a Holdings report displays:

In this example, accrued interest has been enabled at both the account level and security level. Therefore, the Holdings report includes accrued interest in the value for applicable securities.

When you clear Display Accrued Interest, the same Holdings report displays:

In this example, accrued interest has been disabled at the account-level. Therefore, the Holdings report excludes accrued interest in the value for applicable securities.

For more information on the account-level display accrued interest setting, see: Account Settings: Display Accrued Interest

For more information about maintaining securities, see Maintain Securities.

For more information about using securities, see Learn More About Assets, Liabilities, Securities, and Categories.