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After these steps are complete, an entity can process cap/floor securities transactions against established cap/floor SMFs. To process cap/floor transactions, you can use the Open and Close Caps/Floors panel that you can access using the Book Trade tool.
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For details, see Book Trades for Caps/Floors.
Depending on whether you set the entity's Net Cap Floor field to Yes or No, certain event types are available in the Book Trade tool's Open and Close Caps/Floors panel.
Event Types Available when the Entity's Net Cap Floor Option is Set to No
If you set the entity's Net Cap Floor field to No, you can select the following values for the Event Type field (tag 55):
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The value in the Event Type (tag 55) field that you select determines the trade's Long Short Indicator field (tag 15) value. An Open Long position is closed by a Close Long transaction. An Open Short position is closed by a Close Short position.
Event Types Available when the Entity's Net Cap Floor Option is Set to Yes
If you set the entity's Net Cap Floor field to Yes, you can select the following values for the Event Type field (tag 55):
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