To enter a paper deal go to Trading and then to the Derivatives view.

In CoreTRM, different types of paper deals can be entered suc as : Swaps, Futures, Diffs, CFDs and Options.

Entering a Swap Deal

Entering a Futures Deal

 

Entering a Swap Deal

To enter Swap deal, in Contract panel:

1. Click on to create a new line.

2. In Trade Date select the date of the contract.

3. In Contract Ref enter the applicable contract ref.

*Contract Ref can also be set to be automatically generated. The settings are in Reference Data -> Accounting -> Reference Mask.*

4. In Deal Id enter an applicable deal id. Typically, this will be the exchange deal id if the deal is done via exchange.

5. In Contract Type select the applicable Contract Type. By selecting the applicable contract type, the commodity dropdownlist will only display commodities that have been assigned to the type in Commodities Setup.

6. In Contract Book select the book to use for this contract.

*Books are setup in Reference Data -> Books.*

7. In Other Party Type select the applicable Other Party Type for this contract.

For Internal and Inter-entity deals refer to Internal/Inter-entity Deal Entry.

8. In Counterparty select the applicable counterparty.

*Counterparties are setup in Credit -> Companies.*

9. In Other Book select the other book to use for this contract if this is internal or inter-entity deal. For Third Party deal, this will not be required.

*Books are setup in Reference Data -> Books.*

10. In Commodities this will show the list of commodities used in this contract after contract items have been added.

11. In Description enter an applicable description for this contract.

12. In Created By this is a read only field which shows the user name who have created the contract.

13. In Approval Status this is a read only field which shows the approval status of the contract.

*More information about Approvals can be found in Trading -> Approvals.*

14. In Approval User this is a read only field which shows the contract's last approver name.

15. In Next Approval User this is a read only field which shows the contract's next approver name.

16. Click to confirm creation.

17. To edit contract details after creation click to edit.

To enter a Swap deal, in Contract Items panel:

1. Click on to create a new line.

2. In Trade Date select the date of the contract item. The date is defaulted to contract date from contract panel. If the contract item date is different from contract date, you can select another date.

3. In Contract Item Num this is a unique id assigned to the contract item.

4. In Leg Id enter applicable leg id of the contract. Typically, this can be the leg id from the exchange.

5. In Trader select the applicable trader name who have made the deal.

The list of traders is from the user list setup. Contact CoreTRM Support if you wish to add new traders.

6. In Buy/Sell select buy or sell for the contract.

7. In Quantity enter the quantity of the contract.

8. In Units enter the units used for the contract.

*Untis are setup in Reference Data -> Units.*

9. In Commodity select the applicable commodity for this contract. If commodity templates are setup, default of pricing terms and fees will appear after saving the contract items.

*Commodities are setup in Reference Data -> Commodities*

8. In Period select the applicable period. Period is used for Futures deal entry.

10. In Frequency select the applicable Frequency. Typically, for swap "Once" or "Monthly" can be used.

11. In Pricing From select the pricing start date. Pricing Start is used for swap deal entry.

12. In Pricing To select the pricing end date. Pricing Start is used for swap deal entry.

13. In Price enter the price of the contract.

14. In Unit select the unit to be used for this contract.

15. In Ccy select the currency unit to be used for this contract.

*Currencies are setup in Reference Data -> Currencies.*

16. In Settlement select the settlement basis for this contract. For exchage traded Swap, Margin will be used. By using Margin, the contract will not appear in settlemnt. If the paper deal is done with third party, select the applicable settlement basis.

17. In Ccy select the applicable settlement currency to be used for this contract.

18. In Broker Counterparty, select applicable broker if the deal is done via a Broker.

*Brokers are setup in Credit -> Companies.*

19. In Clearing Counterparty select applicable clearing counterparty if the deal is done using a clearing house.

20. In Clearing Account Reference enter applicable reference for this contract item.

21. In Assign to Strategy select the applicable Strategy for the contract. Contract items can be assigned directly to a specific strategy using this field.

22. In Assign to MTM Group select the applicable MTM Group for the contract. Contract items can be assigned directly to a specific MTM Group using this field.

23. In Assign to Internal Strategy select the applicable Strategy for the internal side of the contract. If the contract is done with an internal party or entity, contract items can be assigned directly to a specific strategy using this field.

24. In Assign to Internal MTM Group select the applicable MTM Group for the internal side of the contract. If the contract is done with an internal party or entity, contract items can be assigned directly to a specific MTM Group using this field.

25. Click to confirm creation.

26. To edit contract item details after creation click to edit.

If the commodities for the Swap are defined correctly in Reference Data, the pricing items will be created automatically once the contract items are saved. There should be no need to change pricing items for derivatives.

*Once a contract has been entered, an approval may be required. Contract approval can be found here.*

Entering a Futures Deal

To enter a Futures deal, in contract panel:

1. Click on to create a new line.

2. In Trade Date select the date of the contract.

3. In Contract Ref enter the applicable contract ref.

*Contract Ref can also be set to be automatically generated. The settings are in Reference Data -> Accounting -> Reference Mask.*

4. In Deal Id enter an applicable deal id. Typically, this can be exchange deal id if the deal is done via exchange.

5. In Contract Type select the applicable Contract Type. By selecting the applicable contract type, the commodity dropdownlist will only display commodities that have been assigned to the type in Commodities Setup.

6. In Contract Book select the book to use for this contract.

*Books are setup in Reference Data -> Books.*

7. In Other Party Type select the applicable Other Party Type for this contract.

For Internal and Inter-entity deal refer to Internal/Inter-entity Deal Entry.

8. In Counterparty select the applicable counterparty.

*Counterparty are setup in Credit -> Companies.*

9. In Other Book select the other book to use for this contract if this is internal or inter-entity deal. For Third Party deal, this will not be required.

*Books are setup in Reference Data -> Books.*

10. In Commodities this will show the list of commodities used in this contract from contract items.

11. In Description enter applicable description for this contract.

12. In Created By this is a read only field which shows the user name who have created the contract.

13. In Approval Status this is a read only field which shows the approval status of the contract.

*More information about Approvals can be found in Trading -> Approvals.*

14. In Approval User this is a read only field which shows the contract's last approver name.

15. In Next Approval User this is a read only field which shows the contract's next approver name.

16. Click to confirm creation.

17. To edit contract details after creation click to edit.

To enter a Futures deal, in contract items panel:

1. Click on to create a new line.

2. In Trade Date select date of the contract item. The date is defaulted with contract date from contract view. If the contract item date is different from contract date, you can select another date.

3. In Contract Item Num this is a unique id assigned to the contract item.

4. In Leg Id enter applicable leg id of the contract. Typically, this can be the leg id from the exchange.

5. In Trader select the applicable trader name who have made the deal.

The list of traders is from the user list setup. Contact CoreTRM Support if you wish to add new traders.

6. In Buy/Sell select buy or sell for the contract.

7. In Quantity enter the quantity of the contract.

8. In Units enter the units used for the contract.

*Untis are setup in Reference Data -> Units.*

9. In Commodity select the applicable commodity for this contract. If commodity templates are setup, default of pricing terms,fees or specification will appear after saving the contract items.

*Commodities are setup in Reference Data -> Commodities*

8. In Period select the applicable period. For example, Jan24.

10. In Frequency select the applicable Frequency. Typically, for Futures "Once" can be used.

11. In Pricing From this is not applicable for Futures.

12. In Pricing To this is not applicable for Futures.

13. In Price enter the price of the contract.

14. In Unit select the unit to be used for this contract.

15. In Ccy select the currency unit to be used for this contract.

*Currency are setup in Reference Data -> Currencies.*

16. In Settlement select the settlement basis for this contract. For exchage traded Futures, Margin will be used. By using Margin, the contract will not appear in settlement. If the paper deal is done with third party, select the applicable settlement basis.

17. In Ccy select the applicable settlement currency to be used for this contract.

18. In Broker Counterparty, select applicable broker if the deal is done via a Broker.

*Broker are setup in Credit -> Companies.*

19. In Clearing Counterparty select applicable clearing counterparty if the deal is done using a clearing house.

20. In Clearing Account Reference enter applicable reference for this contract item.

21. In Assign to Strategy select the applicable Strategy for the contract. Contract items can be assigned directly to a specific strategy using this field.

22. In Assign to MTM Group select the applicable MTM Group for the contract. Contract items can be assigned directly to a specific MTM Group using this field.

23. In Assign to Internal Strategy select the applicable Strategy for the internal side of the contract. If the contract is done with an internal party, contract items can be assigned directly to a specific strategy using this field.

24. In Assign to Internal MTM Group select the applicable MTM Group for the internal side of the contract. If the contract is done with an internal party, contract items can be assigned directly to a specific MTM Group using this field.

25. Click to confirm creation.

26. To edit contract item details after creation click to edit.

If the commodities for the Futures is setup correctly with the correct default template, the pricing items should have been created automatically by the system once contract items are saved. There should be no need to change pricing items for derivatives.

*Once a contract is entered into the system, approvals is required. Contract approval can be found here.*

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