Step 1: Start from the General tabbed page. In the Position Name text box, type the appropriate name of your swap.
Step 2: In the Comment text box, type any additional notes about the transaction.
Step 3: In the Counterparty text box, type in the counterparty with whom you are entering the Swap. You can also click the down arrow then click a counterparty label from a list of counterparties entered previously.
Step 4: In the Seniority Level menu, click the appropriate Seniority Level, or payment order of the Swap agreement.
Step 5: In the Effective date box, click the down arrow, then click the effective date, or first date of the swap agreement. You can also type in the date in the format of Jan 1, 2000. This is a required command.
Step 6: In the Maturity date box, click the down arrow, then click the maturity date, or final date of the swap agreement. You can also type in the date in the format of Jan 1, 2000. This is a required command.
Step 7: In the Notional Flags checkboxes, check Exchange Notional at Start if the principal amount is transferred on the swap effective date.
Check Exchange Notional at Maturity if the principal amount is transferred on the swap maturity date.