Multi-Leg SWAPIDs Processing Notes

Owned by Jawann Swislow
Last updated: Jul 28, 2023 by Jawann Swislow
1 min read

To ensure each component of a swap always has a unique ID (other than Security Alias), SWAPID records are automatically added to the XREFERENCE table when a multi-leg swap is created. The Xreference Security ID Type (1234) is SWAPID and the Xreference Security ID (1233) is Primary Asset ID + C1, P1, or R1 for the contract, pay leg, and receive leg respectively

  • Example: if the swap's Primary Asset ID is SWAP175, the SWAPIDs will be SWAP175C1, SWAP175P1, and SWAP175R1

  • While swaps with more than three legs are not currently supported in Eagle Accounting, they are supported in Eagle's reference data products; swaps with additional pay and/or receive legs will be appended with P2, R2, P3, R3, etc.