Terminate a Transaction

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
  1. Log in to your Fairways Debt account, e.g. https://login.financeactive.com/login.
  2. Select a customer account.
  3. Navigate to Applications Applications.png > Debt & Derivatives.
Terminate a Transaction
  1. Open a transaction.
  2. Navigate to Life Cycle.
  3. Click Terminate.

 

  1. Complete the form with all relevant details.

Note: Fields marked with an asterisk * are mandatory.

Field Description
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.
Termination Type

Note: This field is only available for transactions that can be terminated partially.

  • Early
  • Partial
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.

  1. Click Apply to terminate the transaction.

 

The termination displays...

 

... and updates the schedule.

Schedule_EN.png

 

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