Book Trades for Caps_Floors

In the Open and Close Caps/Floors panel, you can manually book an open and close trade for a cap and floor. Cap/floor positions can be long or short. If a cap/floor is bought, it is established as a long position. A written cap/floor is treated as a short position.
This article assumes you are familiar with the entity and security level elections that have been made for processing a cap/floor. For example, you must enter a value for the Net Cap Floor field. If you set this field to Yes, the system nets the buy and sell of a cap/floor security on the same entity into a single position. If you set this field to No, the system treats the buy and sell of a cap/floor security on the same entity as two separate positions. You can access this field using the Add/Change Entity and Add/Change Master Fund Setup panels. Also, if the Primary Amortization/Accretion Rule field is not set to Straight Line, Straight Line Actual, or None, you must set up the Amortization/Accretion Rule at the processing security type level. You can access this field using the Add/Change Amortization/Accretion Rules panel.
To manually book an open/close trade for a cap/floor:
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 Open or Close, and click Buy (Open Long), Sell (Close Long), Write (Open Short), or Buy to Cover (Close Short).
     You see the Open and Close Caps/Floors panel.
7.    Complete the options on the Open and Close Caps/Floors panel.
8.    Click Submit.
     Once the trade is booked, it follows all core accounting processes.