Guarded Dates

There are 5 types of dates governed by Agiblocks:

1. Dates to which engagement in trade activities are attributed.

These dates will always be restricted to the period that is currently Open and not in the future. When the current date is inside the open period, it will be the default value for such dates.

This applies to trade dates for physical contracts, Futures trades, and Forex contracts.

2. Dates to which executions of trade activities are attributed.

These dates will always be restricted to the period that is currently Open for Execution (Open and/or Closed for Trading). Typically such events have a documented date that is partially controlled by external parties and that may very well become known after the fact. Think here of invoice dates and B/L Dates. When the documented date falls inside the period currently Open for Execution, the Agiblocks will set the transaction date to the same date. But when the documented date falls in a closed period, you can choose any date in the period Open for Trading except future dates.

3. Dates to which market data is attributed.

These are dates of futures prices, currency rates and also market premiums.

These dates are restricted, in the same way as trade dates, to the period that is currently Open. Since market prices and rates are typically yesterday’s data, when the previous working day is inside the open period, then that date is the default value.

4. Dates on which an expiry takes place.

These are the expiry dates of Futures or Options. Several trader’s activities need to be rounded up no later than that date. They have been discussed in the previous section about the screen to manage the period status.

Next to that Agiblocks will help the person managing the period closing clean-up by showing in the position screen, futures screen, and hedge allocation screen the futures for which the expiry date is inside the currently open period (it used to hide everything with an expiry date in the past).

Note: you cannot enter future trades for periods that expired before the open period.

5. Dates on which Forex contracts mature

These dates are guarded on data entry; you can not specify a maturity date that is before the beginning of the open period. This allows you to clean up data for a period (when not using period closure enforcement, maturity dates can only be on or after the current date).