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3. Allocation: When the client order is allocation ready the trader will allocate the order as a Forward Contract. Because the client order is marked as a Forward Contract , Kodiak OMS KODIAK Oms will book the transaction in the back office system (Libra - into the banks own hedging portfolio) and send a new transaction to Kodiak DerivativesKODIAK Derivatives.
4. The Forward creation: The Trader will receive transaction for the Forward Contract in the KODIAK Derivatives system. The Trader selects the transaction and chooses “Create Contract”.
Kodiak OMS KODIAK Oms sends all necessary information to create the contract: client order ID, trading information, fee amount, maturity date, customer, and instrument info. The trader can then add missing information regarding interests rate (can be a default setting) and then create the forward contract. The trader can print out the forward contract or save as .pdf and and send it to the customer.
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