Book Open Trades for Currency Swaps

To manually book an open trade for a currency swap contract, pay leg, and receive leg:

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 Open, and then click Open Swap Contract.
   You see the Open Currency Rate Swap panel.

5. Complete the contract, pay leg, and receive leg options on the Open Currency Rate Swap panel.
   Once you enter the basic trade details, the multi row pane at the bottom of the panel opens up. Currency swap specific fields located in the multi row pane include the following:
   –  Notional Principal Value. Represents the notional of the currency swap.
   –  Price. Specifies the price of the contract.
   –  Comm Amt L. Specifies the amount of the commission per trade in the local currency for the contract.
   –  Other Fee Local. Specifies any additional fees on the transaction in the local currency for the contract.
   –  Traded Interest. Specifies the initial interest bought or sold calculated from the dated date or last coupon date. Accruals start on the dated date/settlement date by default. You can use the lot level dated date to control when the lot accrues interest. To calculate a traded interest of zero, set the lot level dated date equal to the trade settlement date.
   –  First Period Coupon Rate. Overrides the floating rate for the first accrual period. The system automatically uses the floating rate after the first rate reset process.
   –  Paying/Receiving Leg Forward Units. Determines whether notional is exchanged between counterparties at contract initiation and end. If the Initial and Final Exchange of Principal fields have been set to Yes on the security master, you must enter a value for the Paying Leg Forward Units and Receiving Leg Forward Units fields. This represents the amount exchanged at maturity and is typically the same as the initial swap amount.
   The panel refreshes when you click the contract, pay leg, or receive leg rows in the multi row pane.

6. Click Submit.
   Once the trade is booked, it follows all core accounting processes.