This article assumes you are familiar with the entity elections that have been made for processing forward contracts.
Add Forward Contracts
To manually add a Forward Contract:
In Accounting Center, in the left navigation pane, click Setup > Securities > Manage Securities > Issue Viewer.
You see the Issue Viewer tool.
Click the Add arrow.
Point to Derivatives and click Forward Contract.
You see the Forward Contract panel.Complete the options on the Forward Contract panel.
The following fields are required to set up a forward contract: Primary Asset ID Type, Primary Asset ID, Sell Currency, Buy Currency, and Maturity Date.Click Submit.
Change Forward Contracts
Some fields are locked when there is an existing position on the security. This is because a change would impact the existing position. These fields include Asset Currency, Investment Type, Processing Security Type, Quantity Type, Price Multiplier, and Quantity Scale. Other fields are locked so they cannot be changed. See the About Locked Security Master Record Fields in Issue Viewer page for more information.
If you need to change a security master record, Eagle recommends canceling the security, making changes to the security master record, and rebooking the security.
To manually change a forward contract:
In Accounting Center, in the left navigation pane, click Setup > Securities > Manage Securities > Issue Viewer.
You see the Issue Viewer tool.Enter the query parameters and click Search.
You see a list of security records that meet your selection criteria in the Query Result window.Select the security record you want to update, click the Change arrow, and click Change
Forward Contract. Or double-click the security record.
You see the Change Forward Contract panel.Change the options on the Change Forward Contract panel.
Click Submit.
Forward Contract Panel Options
The following are the options in the Forward Contract panel. Note options may vary according to your selections.
Option | Tag | Description |
|---|---|---|
SRM Status Flag | ||
Release Status | 614 | Displays the release status of the Security Reference Manager (SRM) record. This field is null when adding a new security. |
Validation Process Flag | 4569 | Flags records that have been reviewed in the Security Reference Manager (SRM). |
Authorize Flag | 11742 | Flags records that have been authorized. |
Forward Sell Identification | ||
Forward Issue Name (Sell Side) | 961 | Specifies the name of the sell side currency. |
Forward Issue Description (Sell Side) | 962 | Describes the sell side currency. |
Ticker | 13 | Specifies the sell side ticker. |
Primary Asset ID Type | 1432 | Specifies the primary asset identifier type for the security, such as CUSIP, ISIN, and SEDOL. |
Primary Asset ID | 14 | Specifies the primary asset identifier for the security. |
Alt Asset ID Type | 5501 | Specifies an alternate asset identifier type for sell side the security. |
Alt Asset ID | 1795 | Specifies the alternate asset identifier for the security. |
Sell Currency | 363 | Specifies the currency in which you are selling. |
Buy/Sell Indicator | 1377 | Determines what currency you are buying or selling. Options include: |
|
| ||
Look Thru Value | 1808 | Specifies the underlying security. |
Look Thru Ind | 1776 | Used to view exposure to the underlying security, index, or portfolio. |
Forward Sell Xreference Identification | ||
FWDXREF | 1952 | Specifies the unique identifier for the forward contract. |
INTERNAL | 1955 | Specifies the internal identifier for the forward contract. |
Forward Buy Identification | ||
Forward Issue Name (Buy Side) | 1104 | Specifies the name of the buy side currency. |
Forward Issue Description (Buy Side) | 351 | Describes the buy side currency. |
Ticker | 360 | Specifies the buy side ticker. |
Primary Asset ID Type | 1103 | Specifies the primary asset identifier type of the buy side security, such as CUSIP, ISIN, and SEDOL. |
Primary Asset ID | 364 | Specifies the primary asset identifier type of the buy side security. |
Alt Asset ID Type | 2292 | Specifies the alternate asset identifier type of the buy side security. |
Alt Asset ID | 2294 | Specifies the alternate asset identifier of the buy side security. |
Buy Currency | 313 | Specifies the currency in which you are buying. |
Buy/Sell Indicator | 2284 | Determines what currency you are buying or selling. Options include:
|
Look Thru Value | 2290 | Specifies the underlying security. |
Look Thru Ind | 2291 | Used to view exposure to the underlying security, index, or portfolio. |
Forward Buy Xreference Identification | ||
FWDXREF | 2300 | Specifies the unique identifier for the forward contract. |
INTERNAL | 5300 | Specifies the internal identifier for the forward contract. |
Forward Details | ||
Investment Type | 11 | Specifies the investment type. For example, FWD, for forward contract. |
Processing Security Type | 3931 | Displays the code value that the system uses to determine the type of security you are adding. For example, FWXXXX, for forward contract. |
Security Type | 82 | Specifies the type of security. |
Sub Security Type | 1464 | Specifies the sub security type. |
Risk Classification Type | 11584 | Specifies the risk classification type for the security. This value allows funds to disclose the primary type of underlying risk within derivatives contracts and hedging activity, such as interest rate risk, credit risk, and so on. The FAS 161 report uses this information. You can select any value defined for the RISK_TYPE code category. |
Granularity Category | 11476 | Specifies the asset's classification for ledger granularity purposes. If the security attributes available for ledger granularity account breakouts (security type, long/short indicator, Federal tax indicator, market sector description, affiliated/unaffiliated, and issue country) do not provide enough detail, you can use a granularity category to classify the asset for ledger reporting. Code values are maintained under the GRANULARITY_CAT code category. |
Cost Basis Rule Type | 2817 | Specifies the cost basis rule type for cost basis reporting. |
Quantity Type | 12 | Specifies the quantity generally accepted as a standard for exchange, such as shares and par. |
Price Multiplier | 18 | Determines what the system uses for a price. You should not change this value once a position exists. |
Quantity Scale | 19 | Calculates the ratio of units bought to units used for earnings. The default is 1, so that 1 unit of par purchased equals one unit of earnings. You should not change this value once a position exists. |
Maturity Date | 38 | Specifies the date the security matures (repays all outstanding principal and stops earning interest). |
Match Broker Indicator | 3913 | Indicates whether you want to match the broker. This field is linked to the Forward Position by Broker field that appears on the entity. If the broker is unique in each transaction, you will have multiple security master records for each forward trade with the same sell currency, buy currency, and maturity date. |
Non-Deliverable Forward Indicator | 12875 | Indicates whether the security is a non-deliverable forward (NDF). An NDF is a forward contract with a predetermined settlement currency where the gain/loss and net settlement is determined by the difference in the exchange rate from the initial contract and the spot rate on a specific rate known as the fixing date, and the net settlement occurs on an agreed upon settlement date. When you use the Cash Projections Viewer with an NDF, it projects the net settlement amount for the settlement currency using the current spot rate, and it does not project the non-deliverable currency. Options include:
|
Inactive Flag | 11043 | Indicates whether the security is inactive. Options include:
NOTE: If this field is set to Yes, no trades are allowed. |