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In the Create Debt Default Period panel, you can add a debt default period rule that indicates whether to process income when a security is in default. Income refers to both interest income and amortization/accretion. You can also use the panel to disable accruals and leave amortization enabled for swaps when a swap contract is not actually in default.

To create debt default periods:

1. In Accounting Center, in the left navigation pane, click Setup > Securities > Debt Default Periods/Inhibit Earnings > Create Debt Default Period.
   
   You see the Create Debt Default Period panel.
2. Complete the options on the Create Debt Default Period panel.
3. Add additional debt default period rules using the pane that appears on the bottom of the panel, as follows:
   - Click the lower pane.
   - Right-click and select Add Rows.
   - Enter the number of rows you want to add in the Enter Rows Count dialog box and click OK. You need to add a row for each additional rule you want to add.
   - Complete the fields on each row you added.
4. Click Submit.