In the Forward Contract panel, you can manually add a forward contract. A forward contract is a type of foreign exchange transaction whereby a contract is made to exchange one currency for another at a fixed date in the future at a specified exchange rate. By buying or selling forward contracts, businesses protect themselves against a decrease in the value of a currency they plan to sell at a future date. Forward contracts are not standardized and are not traded on organized exchanges.
Forward contracts have two security master records, which are automatically created when you add the forward contract. One security master record represents the buy side of the transaction. The other represents the sell side of the transaction. The sell side and buy side transactions are linked together by a shared Primary Asset ID. You must configure your Eagle environment to allow duplicate Primary Asset IDs. See the Add Security Cross Reference Configurations section for more information.
This article assumes you are familiar with the entity elections that have been made for processing forward contracts.
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