The In the Reset Total Return Swap panel allows you to reset the current price of the underlying security of the return leg for the next valuation period. The , the system uses all of the information in the Security Master File or the manually created schedule Coupon/Reset type schedule, if available, to determine the day's price used to reset the swap, generate the payment, and reset the notional. The reset process recalculates the accruals to date if the coupon on the accrual leg is not paid at the same time.
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- In Accounting Center, in the left navigation pane, click Processing and Exceptions > Global Processes > Swaps > Reset Total Return Swap.
You see the Reset Total Return Swap panel. - Complete the options on the Reset Total Return Swap panel.
- Click Submit.
Reset Total Return Swap Panel Options
The following are the options in the Reset Total Return Swap panel. You can use this panel to reset a total return swap. Note options may vary according to your selections.
Option | Tag | Description |
|---|---|---|
Total Return Reset | ||
Select Query Option | 1163 | Specifies the query criteria. Options include:
|
Entity Information | ||
Entity ID | 1163 | Specifies the unique entity identifier. |
Entity Name | 1164 | Specifies the name of the entity. |
Security Information | ||
Asset ID Type | 1432 | Specifies the asset identifier type for the security. |
Asset ID | 14 | Specifies the asset identifier for the security. |
Issue Name | 961 | Specifies the name of the security. This field appears only if you select All Entities/One Security or One Entity/One Security. |
Total Return Reset Date | ||
Trade Date | 35 | Specifies the effective date of the trade. |