Fixing
FinPricing offers:
Four user interfaces:
- Data API.
- Excel Add-ins.
- Model Analytic API.
- GUI APP.
Fixing
LIBOR reset or fixing is used to determine the reference rate for a period in the financial market. Some derivatives or securities require periodic fixings or resets, such as, the floating leg of an intrest rate swap, caps or floors, floating rate bonds, etc. In the End of Day (EOD) process, FinPricing will automatically fix or reset all the periodic floating instruments. In the meantime, the system also provides an interface for users to fix/reset manually
How does FinPricing manage interest rate fixing or reset?
- Click the BackOffice tab at the top-left corner of the application. Then, expend BackOffice -> Action -> Fixings. You can click the New button to create a new fixing or the Load button to extract an existing one. Users can access market data via GUI interface and API.
- If you click the New button, a selection window pops up. Expend BackOffice -> Fixing -> Book (e.g., InterestRate) -> Product (all product types that require fixing in this book are displayed) and then select a product (e.g., IrSwap). All live interest rate swap trades within this book are shown in the right-side window. Select a trade (e.g., T000000120010000103) and then click the Go button.
- A new fixing template is displayed in the main window. Fill all fields and then click the Save button. The new fixing is generated.
- If you click the Load button, a selection window pops up. Expand BackOffice -> Fixing -> Book (e.g., InterestRate) -> Product (all product types that have fixings within the book are displayed). Select a product (e.g., FiBond). All the interest rate swaps that have fixings within the book are shown in the main window. Choose a trade and then click the Go button.
- All the fixings of the trade are displayed in the main window. You can modify fields and click the Save button to save all changes.
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