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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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  1. In Reference Data Center, in the left navigation pane, click Reference DeskCorporate Actions > Announcements > Create Exchange Offers. 
    You see the Create Exchange Offers panel. 
  2. 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.
  3. In the Exchange Offer Type list, click Rate.
  4. In the Treatment of Interest Indicator list. click Transfer.
  5. Complete the remaining fields options in the Create Exchange Offers panel.
    You identify the CDX with the new version as the To security. 
  6. 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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