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. In the Accounting Center, in the left navigation pane, click Transactions > Trades > Book Trade/Rebook Trade > Book Trade.
   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 then click Close Swap Contract.
   You see the Close Currency Rate Swap panel.

5. Complete the options on the Close Currency Rate Swap panel.

6. Click Submit.