Create a FX Swap

A foreign exchange swap (FX swap) in Fairways Debt is a simultaneous purchase and sale of amounts of one currency for another with two different value dates and may use foreign exchange derivatives.

 

Navigate to the Debt & Derivatives Application
  1. Log in to your Fairways Debt account, e.g. https://login.financeactive.com/eu.
  2. Select a customer account.
  3. Navigate to Applications > Debt & Derivatives.

 

Create an FX Swap
  1. Click Add Transaction > Derivative > FX Swap.

Portfolio_AddTransaction_Derivative_EN.png

  1. Complete the form with all relevant details.

Note: Fields marked with an asterisk * are mandatory.

Field

Description

Reference Code

Unique reference of the transaction. Identifies the transaction in the portfolio.

Note: The reference must be unique among all the entities managed in the account.

External Reference Code

Used by external systems to identify the transaction. Used when transactions are imported from or exported to another system.

Party

Entity in the system involved in the transaction.

Counterparty

Can be either internal (an entity in the system) or external (a commercial bank).

Base Currency

Note: The currencies must be different from each other.

Foreign Currency

Transaction_EN.png

Field

Description

Trade Date

Date at which the transaction has been traded. From that date, the system takes the transaction into account as an item of the portfolio.

Start Date

Unadjusted start date of the transaction.

Maturity Date

Unadjusted maturity date of the transaction.

Direction

Indicates whether the base currency is bought or sold at spot.

Note: The Base and Foreign Currency Leg fields update depending on the selected direction.

TimeFrame_EN.png

Field

Description

Buy Spot / Amount

Contract amount in the base currency exchanged at spot.

Note: This field updates depending on the selected direction.

Sell Spot / Amount

Sell Forward / Amount

Future amount in the base currency exchanged at forward.

Note: This field updates depending on the selected direction. 

Buy Forward / Amount

BaseCurrencyLeg_EN.png

Field

Description

Foreign Input Mode

Exchange mode of the foreign currency.

Sell Spot / Amount

Contract amount or rate in the foreign currency exchanged at spot against the base currency.

Note: This field updates depending on the selected direction and the foreign input mode.

Sell Spot / Forex Rate

Buy Spot / Amount

Buy Spot / Forex Rate

Buy Forward / Amount

Future amount or rate in the foreign currency exchanged at forward against the base currency.

Note: This field updates depending on the selected direction and the foreign input mode.

Buy Forward / Forex Rate

Sell Forward / Amount

Sell Forward / Forex Rate

ForeignCurrencyLeg_EN.png

  1. Click Apply to create the FX swap.

FXSwap_Create_EN.png

The new FX swap displays in the draft portfolio.

FXSwap_Created_EN.png

 

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