Entering Foreign Exchange Data
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      How to Extend and Settle FECs

      A quick guide on how to extend and/or settle foreign exchange contracts in CNS

      Why Extend or Settle Deals?

      A company might extend or roll an FX (foreign exchange) contract to delay the settlement of a currency transaction, often to manage cash flow, hedge against currency fluctuations, or wait for more favorable exchange rates. Alternatively, they might settle the contract early to lock in profits, avoid potential losses, or meet immediate financial obligations.

       

      Step 1: Access the FECs Data Screen

      1. In the left-hand menu, expand FX.

      2. Navigate to FX View Data → View Currency Deals.

      3. Click on the Spot/Fwd tab to view all Forward Exchange Contracts (FECs).

      Step 2: Select an FEC to Extend or Mature

      1. Locate the relevant FEC in the grid.

      2. Under the Action column, click the vertical ellipses (⋮) button.

      3. Select Mature/Extend to open the trade details screen.

      Step 3: Update Trade Details

      Modify the relevant details for extension or settlement:

      1. Deal Date – Enter the new date when the maturity or extension was taken out.

      2. Provider Deal ID / Ref – Modify if the deal ID has changed (optional).

      3. Settle Date – Update to the new settlement date.

      4. Rate – Change the rate if applicable.

      5. Click Calculate

      Final Steps

      1. Click Save to finalise the extension or maturity.

      2. If needed, verify the trade lifecycle:

        • Navigate to View Currency Deals → Spot/Fwd screen.

        • Alternatively, check the Extensions/Maturities Report for details.