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
- Log in to your Fairways Debt account.
- Select a customer account.
- Navigate to Applications > Debt & Derivatives.
Create an FX Swap
- Click Add Transaction > Derivative > FX Swap.
- 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 |
| 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. |
| 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 |
| 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 |
Enter the required custom attributes, if any.
- Click Apply to create the FX swap.
The new FX swap displays in the draft portfolio.