Early Terminate a Forward

Fairways FX enables you to early terminate forwards.

 

Prerequisite

 

  1. Navigate to Portfolio and open an outstanding forward F_Blue.png.

Portfolio_EN.png

  1. Click Actions > Events > Add Early Termination.

Forward_Actions_Events_EN.png

  1. Complete the form with all relevant details.

Note: Fields marked with an asterisk * are mandatory.

Field

Description

Trade Date

Date at which the transaction has been traded.

Note: The trade date must be equal or later than the initial trade date, and equal or earlier than today.

UTC Time

Time at which the transaction has been traded.

Reference

Unique reference identifying the transaction in the portfolio.

External Reference

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

Main_EN.png

Field

Description

Value Date

Expiry date of the transaction.

Note: The new value date must be earlier than the current value date.

Notional Amount

Amount of the transaction.

Currency

Currency of the transaction.

Initial Rate

Initial rate to apply.

Early Termination Rate

Early termination rate to apply.

Characteristics_EN.png

Field

Description

UTI

Unique trade identifier of the transaction.

EMIRCharacteristics_EN.png

  1. Click Validate.

Forward_EarlyTerminate_EN.png

The new forward early terminated displays as a draft transaction and is marked with an T F_T_Blue.png.

  1. Click Validate.

Forward_EarlyTerminated_EN.png

The forward is now validated.

Forward_Validated_EN.png

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