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Lock Contracts do not require any special setup above and beyond the normal requirements for creating an entity. The Add/Change Entity process can be used to add or modify entity data.

Security Data

Security Reference:

• Issue Name
• Primary Asset ID & Type
• Process Security Type = SWLOCK (Lock Contract)
• Issue Country
• Asset Currency
• Buy/Sell Indicator
• Maturity Date
  • Ability to have Lock Contracts automatically expire or mature is not currently supported
  • Maturity/Expiration Date can be entered, but a close transaction must be submitted to close out the position
• Coupon
  • Coupon is for reference only
  • The assumption for the Coupon (Lock-in Rate) is that accrued interest will be incorporated into the Lock Contract’s price

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Trade Processing

All Lock Contracts are established as long positions in Accounting. Once security reference and entity data are setup, trades can be entered using the Book Trade module under the Trade tab. The required fields for booking a Lock trade are listed below.

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• Entity ID/Name
• Security ID
• Trade Date
• Settle Date
• Data Entry Method
• Notional Principal Value
• Price
• Broker

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Accounting

Once a Lock Contract trade is successfully booked it will follow all core Eagle Accounting processes.

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