Entering Foreign Exchange Data
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      3. Entering Foreign Exchange Data

      How to Enter a Vanilla Option

      A quick guide on how to enter a vanilla option into CNS

      Step 1: Access the Data Entry Screen

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

      Step 2: Enter Option Details

      Fill in the required details for the Vanilla Option:

      • Deal Date – The date the option contract is agreed upon.
      • Provider – The counterparty providing the option.
      • Business Unit (Optional) – The internal entity associated with the trade.
      • Note (Optional) – Additional details or internal references.
      • Deal Number / Provider ID – Unique identifier from the provider.
      • Buy/Sell – Direction of the trade from your perspective.
      • Settlement Date – The date the option will be settled.
      • Currency 1 Amount (Notional Amount) – The principal amount of the option.
      • Currency 1 – The currency being bought/sold in the option contract.
      • Put/Call - select whether it is a Put or Call option
      • Strike Rate – The agreed exchange rate for exercising the option.
      • Currency 2 Amount (Counter Currency) – The equivalent amount in the counter currency.
      • Currency 2 – The currency being exchanged.
      • Premium Amount – The cost of purchasing the option.
      • Premium Currency – The currency in which the premium is paid.
      • Premium Payment Date – The date the premium is due.

      Once the details have been entered in, click the blue Calculate button to get your rates and volatility.

      Step 3: Hedge Accounting (If Applicable)

      If using Hedge Accounting, enter the following optional fields:

      • Strategy – Link the trade to a pre-defined hedge accounting strategy.
      • Designation – Specify if the trade is designated for hedge accounting.
      • Risk Period – Define the period in which the hedge risk applies (e.g., June 2026 if settlement is 15/06/2025).

      Step 4: Review & Save

      1. Click the blue Calculate button to verify all figures.
      2. Click Save to finalise the option entry.
      3. Click the down arrow on the Save button to access additional options:
        • Save and Copy – If entering another similar option, this allows efficient data entry.
        • Save and Reverse – If entering the other leg of a collar, this will create a reversed option trade.
      4. Once both legs of a collar are entered, they can be linked in the Link Options area to form a collar package.