How to enter an NDF (a Non-Deliverable-Forward)

Front Office > New Deal > FX NDF

Go to Deal input -> choose Deal Type FX NDF

Start by filling in the data for the Forward leg, including the NDF Rate. Always fill in the NDF currency amount as buy or sell amount. Then the system will fill in the same amount on the spot leg that is created at the same time where the NDF fixing rate later will be entered.

Currency pair, NDF amount and dates will be inherited to the Spot leg from the Forward leg.

You can now save the deal -> Press Save.

When getting closer to the maturity date you open up the deal and enter the NDF rate for the Spot leg.

To enter the NDF rate on the spot leg press Edit rate and enter the rate in the pop-up window:

Note; the deal must be Confirmed to enable 'Edit rate' button.

The status on the spot deal will be changed to Modified.

Accounting and payments of the NDF deal can now follow the normal process.

Deal Matching of FX NDF:

If your deals will be matched against counterparty by a matching service (such as Finastra or FX All Settlement Center) then "Rate Source" field is required. Choose one of the pre-defined values when you enter the deal.