Life Of A Trade Flashcards
What does Mexico consider a derivative?
FX, and they will be non-processing assets
What application will be their primary mode of trade capture?
TradeEntry
There are several required trade fields. What are they?
Strategy, Trade Purpose, Accounting Purpose.
What do they mean when they refer to the “overnight process”?
Short term financing; they use corporate bonds, searched for by TIPO. If no TIPO, they will need to inform DIG to set it up…
Describe their confirmation process
No electronic confirmations; all confirms are completed over the phone and marked as confirmed in TE
Since we arent sending electronic confirms, what should the settlement type be?
All trades should be set to No_Delivery
ALM: How does it work?
Client provides us a list of cash flows, we display the total market value or face in PFC, as a single line item that the fund in question doesnt own
ALM: If there is a gap in assets/liabilities what happens
Two options: 1) cashin/cashout from another portfolio; 2) xin/xout to move assets from another portfolio
Portfolio Monitor: what is their default views
S, S+1, S+90
How can you rapidly change views to convert from base to local or other currencies?
You need to bring in the preference: show monitor control bar
External Lots: how do we bring up external lots
Several means: PFC, click on sec desc, TE, Lots/accounting
Describe the official PFC lot workflow
Right click, show lots, on the external lots, reduce the amount in the quantity field; order will be raised and the lots will be copied once the trade is booked
Describe the issue with Fitch National Scale ratings for securities and issuers
We currently dont have a loader to support the ratings; met will work with us to provide ratings via interface
Repo/Seclending: What is the issue
The issue is that in some instances 1) they want to repo out inflation-linked securities, yet settle in Pesos. 2)Lots synchronization doesnt work the same way.
