Book Close Trades for Credit Index Swaps

The system handles both full and partial terminations for credit default index swaps. Early termination occurs when you end the swap agreement prior to the status maturity date. Either party in the swap can terminate early. By default, the legs continue to accrue through the settlement date - 1.

To manually book a close trade for a credit default index swap:

1. In the Accounting Center, in the left navigation pane, click Transactions > Trades > Book Trade/Rebook Trade > Book Trade.
   You see the Book Trade workspace.
2. Complete the options in the Search Details pane and click Search.
   You see the search results based on the criteria you selected.
3. Select the row with the security you want to trade.
4. On the Book Trade tab, in the Actions group, click Action Rules, point to Close, and then click Long Index (Sell Protection) or Short Index (Buy Protection).
   You see the Close Credit Default Index Swap panel.
5. Complete the options on the Close Credit Default Index Swap panel.
6. Click Submit.