Step 1: In the Position Name text box, type the appropriate name of your FX forward.
Step 2: In the Comment text box, type any additional notes about the transaction.
Step 3: In the Counterparty menu, type in the Counterparty with whom you are entering the FX forward. You can also click from the list if a counterparty entry already exists.
Step 4: In the Seniority Level menu, click the appropriate Seniority Level, or payment order of the FX forward.
Step 5: In the Settlement Date menu, click through the online calendar to set the date by which the FX forward must be exercised. This is a required command.
Step 6: In the Strike Rate menu, type the stated price at which the currency underlying your position must be purchased call or sold put upon exercise of the FX forward contract. The text box automatically extends your entry to six decimal places. This is a required command.
Step 7: In the Contract Size text box, type the dollar amount in your position's currency that represents the contract size of the FX forward. This is a required command.
Step 8: In the Discount Curve menu, click the appropriate curve, selecting interbank or treasury for the desired currency. This is a required command.
Step 9: In the Buy Currency menu, click the appropriate currency. This is a required command.
Step 10: In the Sell Currency menu, click the appropriate currency. This is a required command.
Step 11: In the Long/Short menu, click to define whether you are a long or short on the contract. This is a required command.