The system handles both full and partial terminations. By default, the legs continue to accrue through the settlement date - 1. If you want to stop accruing on the trade date, enter the trade date in the Accrual End Date field on the Close Credit Default Swap panel.
To manually book a close trade for a credit default swap:
1. From any Eagle window, click the Eagle Navigator button to access the Eagle Navigator.
2. Enter Book Trade in the Start Search text box.
3. Click the Book Trade (Accounting Center) link to access the Book Trade tool.
You see the Query window as the default.
4. Complete the options in the Query window and click Start Search.
5. Select the row with the security you want to trade.
6. Click Close and click Close Swap Contract.
You see the Close Credit Default Swap panel.
7. Complete the fields on the Close Credit Default Swap panel.
8. Click Submit.
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