Target Balance (Automatic creation of Bank Acc Transfer or FX deal)

Created by Erik Åkerlund, Modified on Fri, 22 Mar 2024 at 02:47 PM by Catharina Hansson

It is possible in TS to set up rules for a target balance on bank accounts to automatically create a Bank Account Transfer or FX deal to reach a certain bank balance amount defined in the rule. 

Either an internal FX deal can be created or a FX deal suggestion can be created to be automatically uploaded to a trading station, which in turn creates the external FX deal. 

The functionality could be used to transfer cash to a bank account with higher interest, or top up a bank account with negative balance to avoid interest. 

It can also be used to automatically transfer all cash in foreign exchange currency to local currency to decrease currency exposure. 

It is also possible to set up a target balance on a top account in a cash pool and make the Bank Transfer between two sub accounts within the cash pool. 

Target Balance Rules

In the view 'Target Balance Rules' the rules are defined related to what accounts that should be effected with what targets and how the deficit or surplus should be handled.

  1. Create new rule.
  2. Select the target account or accounts that should get the balance entered in target balance.

3. Target balance per account: Enter an amount in target balance.

4. Account 1 enter the To/from account. If the target account does not have the balance entered in target balance which to/from account should the funds be sent or received from? 

5. If the target account and Account 1 (To/From) account is in different currencies choose deal type FX. 

6. If the target balance is a virtual account (Top account or Inhouse bank account) then Account 2 needs to be entered. 

7. Choose if the target balance is based on booked or available balance.

8. Create deal status: If new, the suggestion needs to be approved. To create the bank transfer or FX deal automatically choose approved and also click on Create internal deals to create the bank transfer.

9. Choose if only an internal deal request should be created or if an external FX deal suggestion should be created and sent to a trading station for execution.

10. Condition expression: possible to enter max or min amount. 

Autopilot Activity

  1. Open autopilot and click create new activity 
  2. Select create target balance
  3. Click ok and enter name and selection

Deal Suggestion

  1. In deal suggestion click on create target balance or schedule the activity automatically in the autopilot. 
  2. Deal suggestion will be created based on the target balance rules. 
  3. Approve the suggestion (if not set to be approved directly)
    Internal FX request
  4. Click Icon create internal deal if a internal deal should be created or schedule the activity create internal deal in the autopilot.
  5. The internal deal will be created and priced according to the FX request rules.
    Create external FX suggestion
  6. Upload the FX suggestion to a trading station or schedule the activity in the autopilot. The suggestion will get status exported
  7. FX deal is import from trading station the Deal suggestion will change status to Completed. 

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