Book Close Trades for Interest Rate Swaps

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 in the Accrual End Date field on the Close Interest Rate Swap panel.

To manually book a close trade for an interest rate swap:

1. In the Accounting Center, in the left navigation, click Transactions > Trades.
   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 click Close Swap Contract.
   You see the Close Interest Rate Swap panel.
5. Complete the options on the Close Interest Rate Swap panel.
6. Click Submit.