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You can add a clean market value or dirty market value for the credit default swap. The system calculates the clean unit price for a particular effective date when you trigger the Calculate Clean Unit Price process in the Global Process workspace. See the About Calculate Clean and Dirty Market Unit Prices page for more information.
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This article assumes you are familiar with the entity and security level elections that have been made for processing a credit default index swap. For example, you must enter a value for the Swap Accrual Method field. If you set this field to Income/Expense, the system posts interest accruals and dividends to income/expense accounts in the general ledger. If you set this field to Unrealized, the system posts interest accruals and dividends to unrealized capital accounts in the general ledger. You can access this field using the AddCreate/Change Edit Entity and Add/Change , Create Master Fund, and Edit Master Fund Setup /Sector panels. Also, if the Primary Amortization/Accretion Rule field is not set to Straight Line, Straight Line Actual, or None or to use a User Defined schedule, you must set up the Amortization/Accretion Rule at the processing security type level. You can access this field using the Addcreate/Change edit Amortization /& Accretion Rules panelpanels. Finally, if you want to book a trade as tech short (book sell transactions prior to buys that will eventually be posted), you must set the entity's Tech Short Eligible Indicator to Yes. You can access this field using the AddCreate/Change Edit Entity and Add/Change , Create Master Fund, and Edit Master Fund Setup /Sector panels.