Reset Total Return Swaps

In the Reset Total Return Swap panel, the system uses all of the information in the Security Master File or the 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.

To reset a total return swap:

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: One Entity/One Security One Entity/All Securities All Entities/One Security All Entities/All Securities
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. This field is only displayed if you select All Entities/One Security or One Entity/One Security.
Asset ID	14	Specifies the asset identifier for the security. This field is only displayed if you select All Entities/One Security or One Entity/One 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.