FX Overlay in ANZ Transactive – Global allows you to set instructions and download reports for your excess return swaps (ERSs). ANZ will contact you in relation to the instructions prior to the pre-agreed cut-off time detailed in your ERSs.
The FX Overlay Client Instructions Screen allows you to view your ERSs and edit the Notional value and Hedge Ratio for each ERS. Select an ERS from the drop-down list to see a list of client instructions for that ERS:
|Currency||The reference currency to be traded against the settlement currency. This is determined by the swap contract and is not editable.|
|Tenor||The time remaining until the swap contract expires. This is determined by the swap contract and is not editable.|
|Notional||The notional amount of the currency.|
|Hedge Ratio||The ratio of the notional amount to be hedged at a fixed price, expressed as a value between -10 and 10 (e.g. 0.9 means 90 per cent of the notional amount).|
Setting client instructions
Instructions provide standing orders to ANZ to make deals in accordance with the instructions you set. ANZ will contact you in relation to your instructions before invoking a notional reset event.
- If you have permission to set client instructions for a swap, you will see an Edit icon next to the Notional and Hedge Ratio values for the swap
- You may have view-only permissions for some swaps
To set client instructions for a swap, follow the steps below:
|1||Select the ERS from the drop-down list|
|2||Click the edit icon on the Notional fields to set the reference notional amount of the currency to be swapped against the settlement currency|
|3||Click the edit icon on the Hedge Ratio fields to set a value between -10 and 10 (e.g. a value of 0.9 will mean 90 per cent of the notional will be hedged at a fixed price)|
|4||Click Reload Existing to discard any changes you may have made and refresh the screen|
RESULT: A confirmation message is displayed, advising that your changes have been successfully submitted.
Processing & cut-off times
Processing and cut-off times for client instructions vary depending on the swap contract with ANZ. Please consult your customer documentation for details. If you change an instruction following the daily cut-off time, the instruction will roll over to the next day.