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:
- From any Eagle window, click the Eagle Navigator button to access the Eagle Navigator.
- Enter Book Trade in the Start Search text box.
- Click the Book Trade (Accounting Center) link to access the Book Trade tool.
You see the Query window as the default. - Complete the options in the Query window and click Start Search.
- Select the row with the security you want to trade.
- Click Close and click Close Swap Contract.
You see the Close Interest Rate Swap panel. - Complete the options on the Close Interest Rate Swap panel.
- Click Submit.