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