Order 

Prerequisites

During its processing, a financial transaction goes through various activities which are indicated in the activity information. You create some transactions as orders (e.g. a currency option) whereas other transactions are created directly as contracts (e.g. a forward exchange transaction). The order allows you to enter the transactions. By entering the order, the cash flow of the transaction is built up. The transactions do not, however, have to be carried out unlike the contract. The contract makes the transaction legally binding.

The order for forward transaction trading must contain the following entries:

When an order is entered, the cash flow of a transaction is created. The intended transactions do not have to be carried out unlike with the contract.

Features

An order can be executed for Currency options, Traded options and Futures.

With orders, you differentiate between Open and Close transactions. Items are created with Open transactions. They are closed again with Close transactions.

The order activity (after settlement, if required) is carried out using the functions, Execute or Expiration.

Function

Entries

Execute
  1. Choose Trading ® Order ® Execute.
  2. Make the following entries in the relevant fields:

- Company code

- Transaction number.

3. Press the ENTER button to call up the entry screen for executing the order.

4. If necessary, you can correct the displayed transaction data.

5. Save the transaction. The transaction is saved in activity category, Contract.

Expiration

The expiration of the order takes place automatically when the due date is reached. The order can then no longer be executed. i.e the order becomes inactive.

  1. Choose Trading ® Order ® Expiration.
  2. Make the following entries in the relevant fields:

- Company code

- Transaction number.
  1. Press the ENTER button to reach the entry screen for order expiration.
  2. Enter the expiration date in the field marked Value date.
  3. Save the forex transaction. The transaction is saved in activity category, Contract expiration.