Summary

FX Web's template function makes it easy for you to set up and use scheduled foreign exchange trades involving the same parties, even the same amounts, for each transaction. To create effective templates, it's important that you know about the recipient's delivery details and are familiar with the terms that FX Web uses to describe those institutions involved with settlement.

Prerequisites    Steps     Modify Template    Terms and Labels     Messages

Prerequisites

You should be familiar with Spot and Forward trades in FX Web before creating templates. Part of the setup process for your FX Web account involves defining instruction sets that you will use for any foreign exchange transaction that you perform online.

• Prior to using FX Web, you have specified the currencies that you plan to trade. If you attempt to create templates to trade in currencies that you didn't specify, you may have problems accessing the interface to enter settlement information.
• Know your limit levels, both one-time and cumulative, before creating templates that include currency amounts.
• Be familiar with SWIFT guidelines to more efficiently complete template information such as (settlement) details, and SWIFT codes for the financial institutions involved.
• Know if you want the information preserved and edit-protected and if you want a second party to clear a trade executed from your template (these are the Attributes options)
• Be logged in and at the Main Menu of FX Web before using instructions below.

Steps

1. Click Create/Modify Template to display Payment Template.
2. Type the template name in the Template box.
   • The template name is important for easy retrieval from a list.
3. Enter frequency and monetary details about the transaction.
   • Select a frequency time period from the dropdown list box. To perform ad hoc trades using the template, set the value to "Spot."
   • Choose "Buy" or "Sell", and then select the currency type by entering the 3-character code, or by double-clicking the flag icon and selecting from the list of available currencies.
   • Type the amount, if applicable, that you want to send using this template. This field is always modifiable, even if you set up a repetitive template.
   • For a cross currency transaction template, enter or select a country code other than U.S. Dollars in the Against field.
4. Enter settlement information on the several tabs for the Receiver and the Payer. See the terms below for help.
5. Open the Attributes tab to toggle repetitiveness and/or additional authorization requirements.
   • To save and preserve settlement information against changes, click the Repetitive checkbox.
   • To require a second look at the information prior to completing a trade with U.S. Bank, click the To Authorize checkbox.
   • Note: You only "insert" delivery details once when creating the template (not as you complete each side of the deal, as you do with regular spot trades). Complete both Receipt and Payment details before clicking Insert.
6. Click Insert, and then OK at the prompt to commit settlement information to the template.
7. Click Activate to make the template available for transaction initiation. A second user may be required to activate the template

To Modify an Existing Template

1. Click Views/Actions on the Main Menu to display the View Manager.
2. Select View Web Templates and click Execute.
3. Find the template that you want to update or delete, click it and click Edit Template.
   • Delete by clicking Delete and then OK.
   • Update payment/settlement information by clicking Update, and then OK.
     
4. Click Activate to make the template available for transaction initiation. A second user may be required to activate the template.

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Term and Labels

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Messages

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