Book Close Trades for Currency 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 Currency Rate Swap panel. Currency swaps that are set to exchange principal automatically pay notional that was received during the open. If it is a partial termination, the notional amount paid is proportional to the notional closed.

To manually book a close trade for a currency rate 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 Currency Rate Swap panel.
7. Complete the options on the Close Currency Rate Swap panel.
8. Click Submit.