Interest Accruals

This section shows interest accruals for each currency and bonds held. Interest accruals are converted to your base currency using the daily currency conversion rates. Interest accrues daily during the month and is paid or charged once a month after each month's close. When interest is paid or charged to the account, the daily accruals are reversed. Interest accruals are a balance sheet item and are included in the Net Asset Value (NAV) in Base Currency section of the statement.

This section appears in the Default Statement, MTM Summary, Model Statement, Realized Summary, and Legacy Full Default Statement.

Field Descriptions

The Base Currency Summary section is always displayed first, followed by a section for each additional currency.

Field	Description
Starting Accrual Balance	The balance of interest accruals at the start of the period.
Interest Accrued	The amount of interest accrued for the period.
Accrual Reversal	The amount of the accrual reversal for the period.
FX Translation	Because FX translation rates change from period to period, there will be differences in the translated base currency balances.
Ending Accrual Balance	The balance of interest accruals at the end of the period.