Preclose

Front Office > Deal Entry

This article describes how to close a deal before its original Maturity Date.

Preclose

Preclose works for the following Deal Types.

• Loan/Depo

• IRS
• Caps & Floors
• Leasing Loans
• Danish Mortgage Bonds
• Credit Facility
• Fees (only recurring fee, not one-time fee prepaid)

1. Open the deal you on want to Close
2. Go to tab 'Transactions'
3. Select 'Close'-button.
4. Select the date you want to Close the deal. (Note; If you want to close on a date within an existing period- you need to Split the period first by making a new interest fix on that date, if IRS new fixing dates on both legs. See below for intstructions).
5. Press "OK".

"Transactions" tab

Select Closing date

Split interest period

If you want to split an interest period, you have to mark one of the existing periods and click on the interest sign.

In the pop-up window, choose the preferred closing date and click ok. The interest will be loaded from the existing interest period. However, remember to control that the interest is the same as the current period.

Now the new period should appear in the transactions view and the date is also available in the close function. If the deal is an IRS, remember to do the above on both legs before closing.

Permissions needed

The permission Modify Deals (or Deal Type specific permission if applicable) is needed to Close a deal.