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Automated FX Trade Capture

This article explains how CNS Treasury captures FX trades automatically from banks, including supported trade types, setup steps, common issues, and best practices for review.

 

1. Overview

CNS automates FX trade capture in real time from all major New Zealand and Australian banks.
This removes the need for manual updates to your FX position, as CNS processes each trade from start to finish.

2. Supported Trade Types

Automated capture includes:

  • Spot deals

  • Forward deals

  • Pre-deliveries

  • Extensions

  • Partial pre-deliveries

  • Settlements

  • Cancellations

Note: FX Options are not automated at the time of recording.

3. Setup Requirements

CNS handles all configuration. The only user action required is:

  1. Email your bank to give CNS permission to receive:

    • Trade confirmations

    • Mark-to-Market files

Once permissions are granted, trades will start flowing into CNS automatically.

4. Viewing Captured Trades

  • Navigate to View Data → Spot/Forward.

  • Click on a transaction to see all populated fields and generate a trade confirmation.

5. Common Errors and Warnings

  • Business Unit Assignment:
    Some banks do not provide a business unit field in their trade files. If unsupported, the business unit must be entered manually after the trade appears in CNS.
    Speak with your Customer Success Representative to confirm which banks and brokers support business unit capture.

  • Duplicate Contract Numbers:
    Some banks reuse contract numbers, which can create conflicts. CNS uses sophisticated retry logic and daily transaction reviews by our operations team to manage these.

6. Best Practices

  1. Verify Each Trade

    • Once a trade is executed with your bank, it will appear almost immediately in CNS.

    • Review the transaction in CNS, and check the confirmation matches your executed trade.

  2. Segregation of Duties

    • Forward the confirmation to another team member for independent review.

    • In CNS, you can enter their email address directly to share the confirmation.

  3. Act Promptly

    • Check trades soon after execution to identify and correct any errors early.

7. Support

For more information, visit the CNS Knowledge Base or contact support@cnstreasury.com.

Next in the series: In Part 5, we’ll look at business units and hedging portfolios.