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Follow the steps below to add a new forward point tenor for forward pricing in Pricing Center.

  1. In System Management Center, open System Settings > System Parameters and locate Sys Item 169
    • Set to 1 if it is not already
    • This allows forward pricing to be calculated based on actual calendar days rather than fixed periods
  2. In Pricing Center, open Admin > Pricing System Settings
    • Locate DATA_MANAGEMENT_ONLY and ensure it is set to N
    • If it is set to Y, you can change it by right-clicking
    • This exposes all forward pricing-related screens, including in Accounting
  3. Relaunch Pricing Center
  4. Open EXCHANGE RATES > Admin > FX Standard Periods and click SEARCH
    • Right-click and select Add...
    • Enter the number of Days, Short/Long Name (these can be the same), and click Add
      • Note: the value of Short Name will be shown in the Period column in other screens
  5. Open EXCHANGE RATES > Admin > Add Demand
    • Select the Original Source under which your forward points loaded (IDC, BBPS, etc.)
    • Vendor Id is not required, but can be entered if a vendor supplies currency quotes in a non-standard format
    • Enter the currency pair (From Currency and To Currency)
    • Click Add
  6. Open EXCHANGE RATES > Admin > Direct Rate Entry
    • Select the Target Source, which should match your entity's Valuation FX Source (11652)
    • Set Rate Date to the effective date of your forward points
      • Note: Pricing Center uses forward points, not rates
    • Enter the currency pair (From Currency and To Currency)
    • Double-click the Value and Rate Type columns for each of your forward points and enter the appropriate values
      • Note: the Spot rate is required
    • Click Submit
  7. Open Tools > Forward Pricing (this uses the ESTAR.PRICING_ENTITY.FORWARD_PRICING stored procedure)
    • Select the Target Source, which should match the one used in the previous step
    • Set Target Rate Date to the effective date of your forward points
    • Keep From Currency and To Currency empty to ensure that both sides of Forward are priced 
    • Click Submit
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