---
title: How to Enter a TARF
description: A quick guide on how to enter a TARF into CNS
---

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# How to Enter a TARF

## A quick guide on how to enter a TARF into CNS

### **Entering a Target Redemption Forward (TARF) Trade**

#### **Step 1: Access the Data Entry Screen**

1. In the left-hand menu, expand **FX**.
2. Navigate to **FX Enter Data → Add Currency Deals → TARF**.

![](https://kb.cnstreasury.com/hs-fs/hubfs/image-png-Mar-12-2025-10-07-30-1246-PM.png?width=1683&height=862&name=image-png-Mar-12-2025-10-07-30-1246-PM.png)

**TARF Data Entry Screen**

#### **Step 2: Enter General Trade Details**

Fill in the following information:

1. **Deal Date** – The date the TARF trade is agreed upon.
2. **Provider** – The counterparty providing the TARF.
3. **Business Unit** (Optional) – Assign to a business unit if applicable.
4. **Note / Reference** (Optional) – Add any internal references.

#### **Step 3: Enter TARF Trade Parameters**

1. **Provider Ref** – Reference number from the counterparty.
2. **Buy/Sell** – Direction of the hedge (buying or selling the notional currency).
3. **Currency 1 Amount** – The notional amount (auto-filled, disabled field).
4. **Currency 1** – The currency being bought or sold.
5. **Put/Call** – Select whether this is a put or a call option.
6. **Currency 2** – The counter currency in the trade.
7. **Premium Date** – The date when the premium is paid.
8. **Premium Amount** – The cost of the option premium.
9. **Premium Currency** – The currency in which the premium is paid.
10. **Target** – The accumulated profit threshold that triggers early termination.
11. **Leverage** – The multiplier effect applied to the trade.
12. **Payout** – Choose the payout structure:

- **No Gain**
- **Part Gain**
- **Full Gain**

#### **Step 4: Generate Schedule**

1. **Periods** – Enter the number of fixing periods.
2. **Amount** – Enter the notional amount per period.
3. **Interval** – Select how often fixings occur: 
     - **Daily**
     - **Weekly**
     - **Monthly**
     - **Annually**
4. **Strike** – Enter the strike rate for each fixing.
5. **Convention** – Select the date adjustment rule: 
     - **No Move**
     - **Modify Following**
     - **Modify Following Within Month**
     - **Move to Preceding Workday**
     - **Modify Following - Last Working Day**
6. **Starts On** – Select the start date for the fixing schedule.

#### **Final Steps**

1. Click **Calculate** to verify trade details.
2. Click **Save** to complete the TARF entry.
3. Click **Cancel** if you want to exit without saving.

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