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Perform a Swap Transaction

Post on: 23 Май, 2015 No Comment

Convert excess US dollars to Deutschemarks to provide temporary cash infusion to a German subsidiary. Likewise, you may need to borrow from a foreign subsidiary for temporary cash flow that you want to return at the swap’s far date.

Click Swap on the Main Menu to open the Trade Entry:Swap page.
Select the currencies you want to buy and sell for the Near Date only.
Type the three-character currency code in the text box next to the flag icon. OR
Click the flag icon to open a table of available currencies to buy and/or sell. Find and select the currency, and then click OK to return to the Trade Entry page.
Type the currency amount that you want to swap in the amount box of the Near group.
Click in Near Value Date and type the date on which you want to buy or sell the first transaction of the swap.

Use the DDMMYY format. FX Web inserts slashes automatically.

Click in Far Value Date and type the date on which you want to buy or sell back the currency you bought or sold at the Near Date.

Do one of the following to commit the trade.

To see the exchange rates before you complete the trade, click Get Rate. After the rates appear, execute the trade by clicking Accept.

To complete the trade without seeing the rates first, click Trade at Market .

A message appears to confirm the trade.

THIS IS YOUR ONLY OPPORTUNITY TO CANCEL THE TRADE ONLINE.

Click OK or Cancel to commit or cancel the swap transaction. If you click OK. a confirmation page appears.

Click Acknowledge.

If you are authorized to enter settlement instructions, two sets of Payment and Receipt buttons appear to select and define settlement instructions.

Click Near Payment on the summary page to display the Details for Trade page.

Select the Method and Set. then verify or edit the instructions.