Add and Update Dirty Market Prices in Issue Viewer

Eagle's Accounting solution requires prices for interest rate swaps and credit default swaps to be supplied as "clean" unit prices. That is, without payable or receivable accrued interest. If accrued interest is included in the price, the interest is double counted in the daily valuation. If a broker or vendor supplies an all inclusive market value (dirty), the accrued interest must be backed out and divided by the notional amount to calculate a "clean" price.

In the Insert/Update Price Exchange panel, you can add the dirty market value for an interest rate swap and credit default swap. After adding the dirty market value, you can run a global process to calculate the clean unit price.

To add or update a dirty market price:

1. In Accounting Center, in the left navigation pane, click Setup > Securities > Manage Securities > Issue Viewer.
   You see the Issue Viewer tool.

2. In the left navigation, double-click Price Exchange and Insert/Update Price Exchange.
   You see the Insert/Update Price Exchange panel.

3. Complete the options on the Insert/Update Price Exchange panel.

4. Click Submit.
   You are ready to run the global Calculate Clean Unit Price process.

Insert/Update Price Exchange Panel Options

The following are the options in the Insert/Update Price Exchange panel.