Book Close Trades for Credit Default 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 date in the Accrual End Date field on the Close Credit Default Swap panel.

To manually book a close trade for a credit default 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 Credit Default Swap panel.
5. Complete the options on the Close Credit Default Swap panel.
6. Click Submit.