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This article assumes you are familiar with the entity and security level elections that have been made for processing a cap/floor. For example, you must enter a value for the Net Cap Floor field. If you set this field to Yes, the system nets the buy and sell of a cap/floor security on the same entity into a single position. If you set this field to No, the system treats the buy and sell of a cap/floor security on the same entity as two separate positions. You can access this field using the Add/Change Entity and Add/Change Master Fund Setup panels. Also, if the Primary Amortization/Accretion Rule field is not set to Straight Line, Straight Line Actual, or None, you must set up the Amortization/Accretion Rule at the processing security type level. You can access this field using the Add/Change Amortization/Accretion Rules panel.
To manually book an open/close trade for a cap/floor:
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