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The window will show details about the selected transaction and give options to change parameters for the new forward contract.
Definitions
Field | Description | |
Customer Details | Customer information grouped together | |
Customer | The name of the customerBroker
| The broker of this contract, can only be selected if the transaction had no broker specified. |
Counterparty | The counterparty of this contract. | |
Transaction Comment | If the trader wrote a comment regarding the trade it will show here | |
Trade Details | Trade details grouped together. | |
Side | The customer side of the trade. Buy will create a long contract. Sell will create a short contract. | |
Symbol | The ticker symbol of the underlying instrument. | |
Quantity | Number of shares being bought or sold. | |
Trade Date | The creation date of the trade. | |
Settlement Date | The date when the underlying instrument from the trade gets delivered (T+1 for bonds or T+3 for equity) | |
Clean Price | The quote price on the market. This is the price that the asset gets traded on. | |
Dirty Price | Dirty price is clean price plus accrued interest on the settlement date. | |
Trade Fees | These are the total fees on the trade, its the sum of Execution fee (broker fee) and Other fee (typically a back office fee) | |
Start Price | The initial spot price on the forward contract. For bonds this is the Dirty Price + Fees and for equity this is Price + Fees | |
Trade Amount | The transaction underlying traded value. Trade Start Price * Quantity | |
Forward Contract Details | Forward contract details grouped together. | |
Creation date | The date when the contract is created. | |
Maturity Date | The date the contract will expire. | |
Final Interest Date | The next bank day or the settlement date after the contract expires (T+1 for bonds or T+3 for equity). | |
Opening Fee | Is a fee that the bank charges for creating the contract. | |
Start Price | The initial spot price on the forward contract. For bonds this is the Dirty Price + Fees and for equity this is Price + Fees | |
Contract Amount | The contract underlying value is: Quantity * Start Price | |
Interest (%) | The interest % is the interest amount of the contract that will determine the Forward Price | |
Interest Fee bp | Interest Fee is added to the Interest Rate. Usually what the bank charges the customer for the loan. | |
Forward Interest (%) | Forwards interest = Interest + Interest Fee. | |
Collateral Margin | The % of collateral margin if any. | |
Forward Price | The Start Price + the interest from the Start date until the final interest date. | |
Forward Amount | The underlying forward value. The forward price * Quantity | |
OK/Cancel | OK to create new contract / Cancel to cancel the action |
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