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-rw-r--r--python/process_queue.py2
1 files changed, 1 insertions, 1 deletions
diff --git a/python/process_queue.py b/python/process_queue.py
index 399cd3ff..6f6ad464 100644
--- a/python/process_queue.py
+++ b/python/process_queue.py
@@ -548,7 +548,7 @@ def cds_trade_process(conn, session, trade):
index.direction = trade["protection"]
with conn.cursor() as c:
if trade["traded_level"]:
- if is_tranche_trade(trade):
+ if not is_tranche_trade(trade):
index.ref = float(trade["traded_level"])
trade["upfront"] = -index.pv
else: