A client is not getting the expected cash settlement for a USD/CNH FX Futures contract cash settled in USD. It is reflecting the original full contract value instead of just P/L based on fixing.
The deal is modelled using FinFut/FX-FUT with Settlement Type = Cash Settlement. They are not using Margin and the deal is not closed out prior to contract setllement. However, after the deal is fixed with the final futures settlement price the Cash Settlement Event still reflects the orginal full settlement amount. Running STD_EOD_Position_Processing and STD_EOD_Generate_Inventory has no effect.
We’ve had similar issues on certain types of power futures. While this likely stems from a core code bug, a work around was identified to override this value with correct value in the data load script that was used to generate the invoices, which was then the value that got posted to accounts.
We have unrivalled expertise in successful C/ETRM and TMS implementations, and digital transformation projects, as well as defining market solutions that have become system industry standards. We have a proven track record of successful deliveries at greenfield projects and at existing clients.
Copyright 2022 KWA Analytics
Openlink®, Endur®, Findur®, and the Openlink logo are trademarks, service marks or registered trademarks of Openlink Financial LLC.
KWA Analytics and Openlink Financial LLC are unaffiliated companies.