In Fairways Debt, you can early or partially terminate a transaction at any time during its term to maturity. Partial terminations are decreases in the notional principal of a derivative contract.
Early terminations apply to derivative instruments.
Partial terminations apply to:
- Cross-currency swaps
- Interest rate swaps
Navigate to the Debt & Derivatives Application
- Log in to your Fairways Debt account.
- Select a customer account.
- Navigate to Applications > Debt & Derivatives.
Terminate a Transaction
- Open a transaction.
- Navigate to Life Cycle.
- Click Terminate.
- Complete the form with all relevant details.
Note: Fields marked with an asterisk * are mandatory.
|Trade Date||Timestamp of the termination. The termination date must be later than the trade date.|
|Termination Date||Unadjusted date of the termination.|
|Fees||Amount of the fees paid for the termination.|
|Currency||Currency in which the fees are paid.|
Note: This field is only available for transactions that can be terminated partially.
|Notional Amount Decrease||
Note: This field is only available for partial terminations.
Positive value that must be lower than the outstanding balance at the reference date.
- Click Apply to terminate the transaction.
The termination displays...
... and updates the schedule.