Cross Currency Pricing

Previously in Agiblocks 3.27 or earlier versions, To-be-fixed contracts could only be priced in the same currency as the futures market. Only after creating a full pricing could you select a different settlement currency for it and agree a rate. A Forex requirement was created that hedge the rate for this full pricing.

This type of pricing still remains available in Agiblocks 3.28.0, but an optional new feature called Cross currency pricing has been added.  This gives traders the possibility to price in a different pricing currency than the futures market and for each individual pricing, agree on a rate and hedge it. So, if the Cross currency pricing feature is enabled on your Agiblocks system, traders can agree upfront with their counterparty a pricing currency in which pricings on the contract will take place, and hedge the currency risk in every individual pricing step.

Note: Cross currency pricing is an optional feature. Please contact Agiboo consulting or Agiboo Support if you wish this feature enabled on your Agiblocks system.