How to Enter a FX SWAP

Front Office > New Deal > FX Swap

Near Leg:

1. Enter Legal entity and Counterparty, mandatory fields
2. Select BUY currency and amount in either buy or sell field depending on which amount is fixed 
3. Select SELL currency and amount if not entered in buy 
4. Enter deal date when the deal is made. 
5. Note, Spot date is set automatically and can not be changed. The system will always take into account the buy currency and sell currency bank holidays calendar, as well as, the US bank holiday calendar, if 2 bank days ahead is a bank holiday according to the US calendar. E.g. Deal date 2018-07-02 spot date 2018-07-05 because 2018-07-04 is a bank holiday in US. If Deal date is 2018-07-03 the spot date will be 2018-07-05
6. Default Maturity Date on Near Leg is the same as Spot Date > e.g the Near Leg is a FX Spot deal.
7. TAB Bank Accounts: Bank accounts are set according to the setup in in Default Bank Accounts. Legal entity's bank account must be filled in (mandatory fields) for both legs. Counterpart's bank account are optional.
8. TAB Tags are optional. If it is an internal deal the mirror will get the same tags.
9. TAB Advanced is optional. If additional bank holiday calendar will be added this will be done on tab - Advanced. By default the transactions currency will be set as effective calendar. If an internal FX deal and an automatic mirror deal shall be created this needs to be set up in Mirror Rules. The rule can be overruled here by changing from "Use rule" to No Mirror or Create mirror in field Mirror creation type. In this tab you can also set specific FX cross rates to be used between the Deal base currency and the legal entity's accounting currency (Spot rate and Forward points). Will show the FX rate at Maturity and the total Maturity in Days.
   
   Far Leg:
   
   
10. Corresponding trade details from Near Leg, except Forward points and Maturity Date to be added. It is possible to have different Tags on the two legs.

Example:

Near Leg:

Far Leg: