You can roll a credit default index swap (also called a CDX swap contract) into another asset ID when you are rolling it to a subsequent version.
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- In Reference Data Center, in the left navigation pane, click Reference Desk > Corporate Actions > Announcements > Create Exchange Offers.
You see the Create Exchange Offers panel. - In the Lookup Security Information area, select the CDX swap contract you are rolling.
You can select a credit index swap, or CDX swap contract, with a processing security type of SWCDCX, as the From security. - In the Exchange Offer Type list, click Rate.
- In the Treatment of Interest Indicator list. click Transfer.
- Complete the remaining options in the Create Exchange Offers panel.
You identify the CDX with the new version as the To security. - Click Submit.
The corporate action has a transaction type of NONTAXMERGR, indicating that the exchange offer is based on a rate and is non taxable.
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