Forwards Pricing Custom Points Processing Notes

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