5.23.2 Validations for Internal Swap Transactions

The Buy/Sell indicator is from the perspective of the Spot FX deal. All other deals will be derived from this.

• The Buy/Sell currencies cannot be the same
• If the Buy/Sell indicator is chosen as Buy, it will be mandatory to input the interest rate for the Buy leg (Placement). In such a case the Sell leg interest rate will be disabled
• If the Buy/Sell indicator is chosen as Sell, it will be mandatory to input the interest rate for the Sell leg (Placement). In such a case, the Buy leg interest rate will be disabled
• The Forward Exchange Rate will be a mandatory field
• The Booking Date must be lesser than or equal to the application date
• System validates the Spot and Forward value dates based on the booking date which now can be back-date
• Only Branch holidays is considered for spot and forward value dates derivation
• The Spot Value Date and Forward Value Date will be mandatory fields
• If the Buy/Sell indicator is Buy, the field Buy Amount will remain constant for any combination with Sell Amount and Spot Rate
• If the Buy/Sell indicator is Sell, the field Sell Amount will remain constant for any combination with Buy Amount and Spot Rate
• The user can input any two of the three values – Buy Amount/Sell Amount/Spot Rate. The other value will be calculated by the system
• If the Buy/Sell indicator is Buy and the Spot Rate is modified, the Sell Amount will be recalculated keeping the Buy Amount constant
• If the Buy/Sell indicator is Buy and the Sell Amount is modified, the Spot Rate will be recalculated keeping the Buy Amount constant
• If the Buy/Sell indicator is Sell and the Spot Rate is modified, the Buy Amount will be recalculated keeping the Sell Amount constant
• If the Buy/Sell indicator is Sell and the Buy Amount is modified, the Spot Rate will be recalculated keeping the Sell Amount constant
• The User Reference number will be defaulted to the Deal Reference Number and will be unique across all internal swap transactions
• You can close the swap deal. This will reverse the linked FX/MM deals on authorization