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This article will describe how to make a currency exchange in the back office interface. To be able to make an exchange order, there must be an Execution Interface for Currency Exchange.

In this example, the customer has an account in the Swedish currency SEK and would like to make a currency exchange into USD.

  1. Create Currency Exchange order

  2. Create Batch orders

  3. Send Batch order

  4. Execute and Fill

  5. Reset Batch order

  1. Create Currency Exchange order

In the action menu at the account click at on Currency Exhange to  to create a currency exchange order.Image Removed

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A pop up ticket will appear where we are able to select which currency we want to exchange to

From CurrencyFrom CurrencyThe currency that is present in the account and that should be sold.
To Currency: What currency the customer would like to buy.

After the currency has been selected additional fields will appear. Image Removed

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Execution Interface (EI): Execution Interface of the type currency exchange will be available in the dropdown menu. Execution The execution interface is the trade route.
The selected Execution Interface will be default to the defaults default EI that is set for the currency. In In systems data we  we need to set a default execution interface (trade route) for each currency that should be tradeable in the system.




The amount From currency will be exchanged

To currency

To currency.


currency will

currency will be exchanged to a specfic amount To Currency.

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In this example, we will place an order to exchange 1,000 SEK to USD. An order have has been placed and an order and an order reservation is created. The next step is to create batch orderscreate batch orders.
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2. Create  Create batch orders

The back office handles orders by creating a batch order from all the currency exchange orders that has have been placed during, for example, one day.

Go to the menu Orders > menu Orders > Exchanges Image Removed

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There is always possible to cancel the order. Click on the action menu and choose Cancel Order.

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Click the action menu to to Create Batch Orders.Image Removed

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A pop-up ticket will appear (Create Batch Orders). In the dropdown menu are all execution interfaces that have the type currency execution interfaces that have the type currency exchange. If we confirm without choosing anything in the dropdown menu, batch  batch orders will be created for ALL execution interfaces (trade routes). When choosing a specific execution interface, batch orders will be created that have has the specific EI. 

Batch orders are created from the following three criteria’sthree criteria:

  • Execution interface

  • Currency pair

  • Direction (Buy or Sell)  

Confirm by clicking the the Confirm button button

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The order has now been been processed and  and a batch order has been has been created. The next step is to send the batch order.  Image Removed

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3. Send  Send Batch order

Go to the tab tab Batch Orders (Orders > ExchangesOrders > Exchanges) Image Removed

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We can either either send one  one batch order or select several. Within the back office interface, there is always the possibility to cancel the batch and client orders or just the batch. 

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There is also a filter option called called Order Route where the back office administrators have a the possibility to filter on order route, which means that they can find orders based find orders based on order routes and manage them as a group.Image Removed

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When clickingSend  send a pop-up ticket will appear. Click Click Confirm to  to Send the order. 

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The next step of the process is to conduct the actual trade. This is made manually outside BFS or through an automated connection to a broker or marketplace.

Once the trade is filled we can proceed with entering the execution into BFS.

4. Execute  Execute and Fill 

Go to the tab Batch Orders (Orders > ExchangesOrders > Exchanges) 

Click at on the action menu to to Execute the  the order. 

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A pop up ticket will appear. Trade date is  is set to the execution date according to the received fill details.

Enter the the amount in  in the field, To Amount (Sell) or  or From Amount (Buy), depending on the order route. 

Account information is  is collected from the execution interface. There is a possibilty possibility to change the information by clicking on the the Choose button button

When clicking Confirm transcations  transactions will be created on all relevent relevant accounts. 

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The batch order is Executed and can be settledImage Removed

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Go to the tab Batch Orders (Orders > ExchangesOrders > Exchanges) 

Click the action menu to to Settle the  the order. Image Removed

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A pop up ticket will appear. When settling a currency exchange we use both settlement date and value date.

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 It is  It is possible to set different dates at the settlement date and value date. ClickImage Modified (plus sign) to expand the ticket to enter different dates for the currencies. Click Confirm to  Confirm to settle the order. When we have chosen to confirm transactions will be created in the settlement dimension. 
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If we choose to select more than one batch order to settle, by clicking the action menu and click click Settle Selected, we will not be able to choose different dates, because the  because the batches might not have the same currency pairs. Click Confirm to  Confirm to settle the orders. 

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It is not possible to settle several batch orders that don't share the same status.. A pop up message will appear. 

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The currency exchange is finished when settlement is made and it´s now possible to buy instruments in another currency. 

5. Reset  Reset batch order

There is a possibility to reset the batch order and correct transactions, for example, if we selected an incorrect date or exchange rate when executing the order. 

In the action menu choose choose Correct Transactions. Image Removed

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A pop up ticket will appear. Click Confirm to  Confirm to correct the transactions. 

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The batch order will get status status Review (marked red) and it´s possible to choose the alternatives: Reset, Cancel Batch and Client Orders or  or Cancel BatchImage Removed

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Click the action menu to choose an appropriate alternative. 

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When choosing choosing Reset the  the order will get status status Created and  and we can process it again. 

Cancel Batch and Client orders: Cancels both the batch orders and the indivudual orders. 

Cancel Batch: The batch order is cancelled canceled but the individual/client orders will orders will still remain

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