U.S. Bank
Personal SolutionsBusiness SolutionsUS Bank

Home Search Contact Us Find Us
Close Help Window


Perform a Spot or Forward Transaction: Template

Summary

After you create templates in FX Web, you retrieve them to perform spot, forward, and bulk trades. This topic describes how to perform spot and forward trades. For templates that require authorization, see To Complete Template Trades Requiring Authorization.

Steps      Messages

Steps

  1. Click Spot/Forward from Template on the Main Menu to display Trade Entry: Spot/Forward from Template.
  2. Click List to open View Manager and Web View Templates.
  3. Click to select the template, and then click OK to return to the Trade Entry… page with the template details displayed.
  4. Enter and edit modifiable values for your trade as necessary. Use the table for help.
    Skip table.

    If (…and) Then Options
    Your template has a Frequency Setting ("1 Week," "1 Month," and so on). Value Date = Trade Date + Frequency Setting;
    Holidays and weekends may adjust the derived date.
    • Modify the Value Date, but it must be current/future date.
    • Create a date range using both Variable Delivery Date and Value Date.
    Your template is set up as "Spot" the Value Date = Trade Date See above; same options.
    The amount displays as 0.00 you must enter an amount The trade won't send without an amount. Amounts are always modifiable.
    A specific amount appears this is the amount of the transaction if you don't edit. You can always edit the amount, even if other information on the template is protected.
    Settlement information displays in black Settlement details are modifiable. Modify or leave details as is.
    Settlement information displays in gray Settlement details are not modifiable If you created the template, you can make changes from the Edit Template function in View Web Templates after removing the Repetitive attribute.

  5. Do one of the following to commit the trade:
    • To see the exchange rate before you complete the trade, click Get Rate. After the rate appears, click Accept.
    • To complete the trade without waiting for a rate quote, click Trade at Market.
      A message appears to confirm the trade. Click OK or Cancel.
      THIS IS YOUR LAST CHANCE TO CANCEL THE LINE!
  6. Click Acknowledge on the trade confirmation page to return to the Trade Entry… page with template information intact except for the monetary amount, which is zeroed out.
  7. Optionally, repeat steps 3 - 6 with this template, or click List and repeat these steps with a different template.

To Complete Template Trades Requiring Authorization

You may be designated as a second party to complete a deal requiring authorization. While this is technically a "Views-based" task, instructions are included here because the task is specific to templates.

For transactions involving an activated To Authorize attribute, the trades cannot be finalized at U.S. Bank operations until the settlement instructions for payment and receipt are completed.
You must know the details of the deal to locate it or them in the View Manager.

  1. Click Views/Actions on the Main Menu to open the View Manager.
  2. Select Outstanding Deals (or Deals Done Today, if applicable) and then click Execute.
  3. Locate and click on the row containing the transaction you need to complete, and then click Receipt.
    The Delivery Details for Trade page appears with the Complete, Update, and Delete buttons already displayed.
  4. Finalize the instructions by clicking Complete, and then click Payment to open the payment settlement instructions and "complete" them as well.
    · Optionally, edit the information and click Update, then OK.
    · Optionally, delete the entire inserted instruction set by clicking Delete, and then OK. Reenter the information and repeat this step.
  5. Click Back to return to Outstanding Deals.

Return to Top

Messages

MessageWhat it Means/What to Do
Near Rate is out of Tolerance The feed of the market rate is down or too slow for FX Web. You can probably get past this message by selecting Trade at Market, which bypasses the view of the rate. If this is unacceptable, contact your dealer to make the trade.
Trade Date is Greater than Option Date You modified the Variable Delivery Date value to be in the past. The Trade date is today's date. FX Web automatically adjusts the Variable Delivery Date back to the default date, which is the Value Date. You need to reenter a date that is at least equal to the trade date.
Near Buy Amount Exceeds Maximum Amount FX Web assigns an upper limit to the amount of a given currency that you can buy. Enter a lower amount or contact your dealer to make the trade.
Weekend date or Invalid date You entered a forward Value Date or Variable Delivery Date that is not a regular business day in at least one of the countries involved in the trade. Enter a new date.

Return to Help Contents and Contact Page

Return to Top