Trade Settlement
FinPricing offers:
Four user interfaces:
- Data API.
- Excel Add-ins.
- Model Analytic API.
- GUI APP.
Trade Payment Settlement
In the financial market, any fee or premium needs to be settled. For a periodic cash settlement trade, such as interest rate swaps or fixed rate bonds, there is a process of simultaneous exchange of cash between parties at each payment date.
How to settle a cash payment manually?
- Click the BackOffice tab at the top-left corner of the application. Then, expend BackOffice -> Action -> Payment Settlement.
- After that, you can either click the Load button to load an existing trade settlement for review/modification or the New button to generate a new payment settlement.
- If you click the New button, a selection window pops up. Expend BackOffice -> Book (e.g., InterestRate) -> Product (e.g., FiBond). All the bond trades within this book are displayed in the main windows.
- Select a trade and click the Go button. A new payment settlement template is shown in the main window. Fill all fields and click the Save button. The new payment settlement is created.
- If you click the Load button, a selection window pops up. Expend BackOffice -> Fee -> Book (e.g., InterestRate) -> Product (e.g., FiBond). All the bond trades having cash settlements within this book are displayed.
- Select a trade and then click the Go button. All the trade settlements of the trade are displayed in the main windows. You can modify the settlements and click the Save button to save all the changes.
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