Manage Currency Swaps

In the Multiple Leg Swap panel, you can manually add and change a currency swap. Currency swaps are like interest rate swaps. However, rather than the exchange of interest rates there is an exchange of currencies.
Currency swaps have three security master records. One security master record represents the contract leg. The other two security master records represent the pay leg and the receive leg. The contract provides general information about the deal. The pay and receive legs provide specific payment details. The legs are linked together by a shared Primary Asset ID. You can set up each leg with different payment frequencies, day count bases, and business calendar information. What makes a currency swap different from an interest rate swap is that one or both of the legs can be in a different currency than the base currency of the entity.
This article assumes you are familiar with the entity elections that have been made for processing currency swaps.