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
Sell US bank (for banks)

Sell US individ (for individuals)
Assume you want to enter a forward deal, with Global Bank as the counterparty, in USD and GBP.
When you enter this deal in the Contract Input Form, you would click on option list icon in the Product Code
field. A list of all the products that are maintained in your bank, including “Sell US bank”, will be displayed.
Choose “Sell US bank” or ‘SUSB1’ (the product code) by double clicking on it, since it is the appropriate
product.
To select a product, click on option list icon in the Product Code field. A list of the products that
you have maintained in the branch will be displayed. Click on the product which you would like to
offer the counterparty.
When you select a product the transaction acquires the attributes that you defined for the product.
Contract Reference Number
All contracts that are entered into the system are assigned a unique identification number known
as the Contract Reference number.
The reference number for a contract is based on the Branch Code, the Product Code, the date on
which the contract is entered (in the Julian Date format) and a running serial number for the day.
The Julian Date is of the following format:
“YYDDD”
Here, YY stands for the last two digits of the year and DDD for the number of day(s) that
has/have elapsed in the year.
Example
January 07, 2009 translates into the Julian Date: 09007. Similarly, February 5, 2009 becomes 09036 in the
Julian format. Here, 036 is arrived at by adding the number of days elapsed in January with those elapsed in
February (31+ 5 = 36).
The Contract Reference Number for the contract involving Global Bank would be 000SUSB1090070125.
Here, ‘000’ is the code of the branch in which you are entering the contract; SUSB1 the product code; 09007
the Julian Date; and 0125 the serial number (since we assume this is the one hundred and twenty fifth
contract linked to the product ‘Sell US bank’, for the day).
Counterparty
Indicate the counterparty who is involved in the foreign exchange deal that you are entering.
The adjoining option list displays a list of all the customers allowed for the product (that you have
chosen in the product field). Double click on the ID of the customer to choose it.
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