Open Interest Rate Swap Panel Options

The following are the key options in the Open Interest Rate Swap panel. Note options may vary according to your selections.

Option	Tag	Description
Entity Information
Entity ID	1163	Specifies the unique identifier of the entity.
Entity Name	1164	Specifies the name of the entity.
Accounting Basis	21	Specifies the accounting basis.
Base Currency	86	Displays the base currency of the entity.
Issue Information
Trade Date	35	Specifies the effective date of the trade. The trade date cannot be greater than the post date, accounting date, or settlement date.
Accounting Date	36	Specifies the date the trade is reported and has an effect on the entity's holdings and cash balances. The accounting date must be greater than the trade date.
Monthly Accounting Date	4733	Displays the month end accounting date.
Settlement Date	37	Specifies the date the trade is settled.
Event Type	55	Specifies the business intent of the transaction.
Long/Short Indicator	2284	Indicates whether the interest rate swap position is long or short. Options include: LONG. Default. Indicates the swap contract is long. SHORT. Indicates the swap contract is short.
Long/Short Indicator	15	Displays a value of LONG or SHORT for the swap contract and each leg. When the Long/Short Indicator field (tag 2284) in the upper pane has a value of Long, the Long/Short Indicator (tag 15) in the lower pane identifies the swap contract as Long, the pay leg as Short, and the receive leg as Long. If you set the Long/Short Indicator field (tag 2284) in the upper pane to Short, the Long/Short Indicator (tag 15) in the lower pane identifies the swap contract as Short, the pay leg as Long, and the receive leg as Short.
Primary Asset ID	14	Specifies the primary asset identifier.
Swap Type	4590	Indicates if the asset is a pay leg, receive leg, or contract.
Issue Name	961	Displays the name of the security.
Cross Reference ID	1233	Displays the cross reference identifier associated with the security.
Instrument Type	11	Displays the instrument type.
Security Type	82	Displays the security type of the asset.
Processing Security Type	3931	Displays processing security type.
Issue Currency	85	Displays the local currency of the security.
Maturity Date	38	Displays the date the final principal payment is due on the security.
Coupon Rate	70	Displays the rate at which the security accrues interest. It is expressed as an annual rate.
Lot Level Dated Date	4411	Displays the lot level dated date.
Cleared Security	5027	Indicates whether the contract level security is an exchange cleared swap. An exchange cleared swap is an over the counter derivative cleared through a central exchange. Options include: Yes. The security is an exchange cleared swap. The system calculates a variation margin and accrues interest for cleared swaps. The Approve Margin process sums the unapproved margin and interest and creates a traded cash record for each leg of the swap. Cleared swaps trade with notional cost and do not generate coupons. The system uses the core cost tags to store the notional cost values at the position, open, and close Cost object levels for cleared swaps. No. The security is not an exchange cleared swap.
Variation Margin	4533	Indicates whether the system calculates a variation margin for the security. If the Cleared Security field display a value of Yes, the Variation Margin field displays a value of Yes, and the system calculates a variation margin for the security. After you book a trade for the swap, you must calculate and approve the variation margin. See the Calculate and Approve Variation Margin section for more information. If the Cleared Security field does not display a value of Yes, the Variation Margin field appears blank, and the system does not calculate a variation margin for the security.
Accounting Information
Select Values to be Calculated by STAR	7000	Determines whether the system automatically calculates the trade data or allows you to enter it manually. Options include: Traded Interest Calculate None Traded Interest Deferred Income NOTE: If you want to enter traded interest (tag 49) from a trading system or have zero traded interest, select Calculate None.
Accrual Method	1184	Displays the accrual method that the system uses to post interest accruals and dividends for the swap. For example, Income/Expense or Unrealized.
Data Entry Method	10485	Determines the data entry method. Options include: Enter Price. Allows you to supply a clean unit price (without payable or receivable accrued interest) in the Price field. If the Cleared Security field displays a value of Yes, the Data Entry Method field displays a value of Enter Price. Enter Total Settlement Amount. Allows you to supply a value representing the total settlement amount. This value can be positive or negative. If you select this option, you must enter a value for the Total Settlement Amount Local field. This value can be positive, which results in a cash payable, or negative, which results in a cash receivable.
Notional Principal Value	40	Displays the notional of the interest rate swap.
Price	160	Specifies the price of the security per unit. You can enter a trade price if the Data Entry Method field has a value of Enter Price.
Total Traded Interest Local	7351	Displays the initial interest bought or sold, as calculated from the dated date or last coupon date.
Total Settlement Amount Local	4404	Specifies the settlement amount if the trade ticket does not include a price. This field appears if you set the Data Entry Method field to Enter Settlement Amount. For open trades, a positive amount creates a cash payable. A negative amount creates a cash receivable. For close trades, a positive amount creates a cash receivable. A negative amount creates a cash payable. After you enter a value, the panel displays the principal based on the settlement amount less the traded interest.
Total Principal	7354	Displays the total principal.
Comm Amt L	7355	Specifies the amount of the commission per trade in the local currency for the contract. This field appears if the Data Entry Method field has a value of Enter Price.
Other Fee Local	7356	Specifies any additional fees on the transaction in the local currency for the contract. This field appears if the Data Entry Method field has a value of Enter Price.
Comm Amt L	47	Displays the amount of the commission per trade in the local currency for the contract in the lower pane. This value reflects the Comm Amt L field (tag 7355) value entered in the upper pane.
Other Fee Local	3752	Displays any additional fees on the transaction in the local currency for the contract. This value reflects the Other Fee Local field (tag 7356) value entered in the upper pane.
Total Local Net Amount	7353	Displays total local net amount.
Settlement Currency	63	Specifies the currency in which the security is settled.
Settlement Net Amount	64	Displays the actual settled amount of the trade. The value must not be equal to zero. If the trade's Settlement Currency field (tag 63) value differs from the security's asset currency displayed in the Issue Currency field (tag 85), you must specify the Settlement Net Amount field value.
Transaction Fee Information
Commission Settlement Date	7560	Displays the commission settlement date for the swap contract in the lower pane. This value reflects the Commission Settlement Date field (tag 7560) value entered in the upper pane. If a date is specified, a traded cash record is created for the commission. The transactions fees are expensed on the ledger.
Other Fee Settlement Date	7561	Displays the other fee settlement date for the swap contract in the lower pane. This value reflects the Other Fee Settlement Date field (tag 7561) value entered in the upper pane. If a date is specified, a traded cash record is created for the other fees. The transactions fees are expensed on the ledger.
Commission Settlement Date	11579	Specifies the commission settlement date for the swap contract. If a date is specified, a traded cash record is created for the commission. The transactions fees are expensed on the ledger. This field appears if the Data Entry Method field has a value of Enter Price.
Other Fee Settlement Date	9357	Specifies the other fee settlement date for the swap contract. If a date is specified, a traded cash record is created for the other fees. The transactions fees are expensed on the ledger. This field appears if the Data Entry Method field has a value of Enter Price.
Settlement Information
Auto Settle Trade Indicator	58	Indicates whether the system settles the trade, coupon, and miscellaneous income and expenses automatically. Options include: Yes. The system automatically settles the trade, coupon, and miscellaneous income and expenses. The system retrieves the settle date FX rate if the local currency does not equal base and generates a trade to settle date gain/loss. No. Default. The system does not automatically settle the trade, coupon, and miscellaneous income and expenses. You must schedule the settlement for these transactions using the Contract Cash panel. Or, manually settle the transactions using the Multiple Settlements panel. NOTE: If the entity's Auto Settle Indicator field is set to Yes, as specified on the Add/Change Entity or Master Fund Setup panels, the system will create a settlement when the trade is processed. There will be no trade to settle date gain/loss. This applies even if the settlement date is in the future. Eagle recommends that you set the Auto Settle Indicator field to No for the entity and trade panels.
Broker Name	1235	Specifies the name of the primary broker.
Broker Code	88	Specifies the code that represents the broker.
Clearing Broker	1236	Specifies the name of the clearing broker if different from the trade broker.
Clearing Broker Code	1237	Specifies the code for the clearing broker.
Custodian Bank Name	1146	Specifies the name of the custodian bank responsible for the trade. NOTE: You must establish a relationship between the custodian bank and your entity prior to booking the trade.
Custodian Bank Code	1240	Specifies the code of the custodian bank.
Custody Bank Account Number	1660	Displays the custodian bank primary account number.
Custody Bank Subaccount	1661	Displays the custodian bank subaccount number.
Bank Alias	16	Displays the entity/bank relationship instance number.
Settle Instructions 1	1897	Allows you to add settlement notes.
Settle Instructions 2	1898	Allows you to add settlement notes.
Settle Instructions 3	1899	Allows you to add settlement notes.
Settle Instructions 4	1900	Allows you to add settlement notes.
Settle Location	43	Specifies the location in which the trade is settled.
Other Information
Derivative Elections	56	Specifies the type of derivative. Options include: Trade Hedging Effective Hedging Other Income Generation Replication Other
Trade Ticket Number	761	Contains the trade ticket identification number. The system uses it during processing. For example, IDLOT close or cancel events use this number to locate an open lot.
Manager	3718	Identifies the manager.
Strategy	3722	Specifies the trade investment strategy identifier.
Counterparty Name	1173	Specifies the counterparty name.
Counterparty Name ID	1144	Specifies the counterparty name identifier.
Holding Term	9091	Specifies the holding term for the trade based on the number of days between the original acquisition date (tag 216) and the maturity date (tag 35) on the lot. If you use ledger reporting based on ledger granularity rules to break out accounts by holding term, the system uses this value to identify the holding term for trades related to bonds and preferred stocks. Eagle Accounting's core transaction processing calculates the holding term for you, but you can manually override the value displayed in this field. Eagle Insurance clients that use ledger granularity rules have the system calculate the holding term based on the schedule associated with a lot. Options include: Short Term. Identifies a short term holding. If the Holding Term Method field (tag 11479) in the trade's accounting basis has a value of 90 days, a short term holding term is 91 days to a year. If the Holding Term Method field has a value of 3 months, a short term holding term is 3 full months to a year. Cash Equivalent. Identifies a cash equivalent holding. If the Holding Term Method field (tag 11479) in the trade's accounting basis has a value of 90 days, a cash equivalent holding term is 90 days or less. If the Holding Term Method field has a value of 3 months, a cash equivalent holding term is 3 full months or less.
Regulatory Intent	8915	If you now hold the trade in an entity/accounting basis with the new International Financial Reporting Standards (IFRS) regulatory category of Fair Value Profit Loss (FVPL) but previously held the trade in an entity/accounting basis with the old regulatory category of Fair Value Option (FVO) or Held for Trading (HFT), you can identify the old regulatory category specified for the trade at the entity/accounting basis level. You can specify a value for reporting purposes only. Options include: Fair Value Option. Indicates the trade was previously held in a regulatory category of Fair Value Option, used for instruments managed on a fair value basis. Held for Trading. Indicates the trade was previously held in a regulatory category of Held for Trading, used for instruments held with the intent of selling them.
User Defined Priority	2862	Specifies the user generated number that determines the event sub priority. That is, after the system accounts for the event sequence and corporate action sequence.