Forex Requirements in Contracts

In the Risk tab of a contract, a trader can identify the Position and Reporting period for a delivery. If the currency of the Position deviates from the contract currency, a Forex requirement will be needed.  The rate of this Forex requirement will be used for further calculation purposes.  Once a Forex requirement has been saved on a Contract, this information will be sent to the Forex module where this information can be used by a client’s treasury department to find a bank to hedge it.

When creating a contract, if a Forex requirement is needed it will be created automatically.  A trader can modify the initial requirement or add more Forex requirements to cover his currency risk.