How it Works: NDF Currencies
RESET Matching Process
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Using a preset market curve RESET identify and execute offsetting deals between all counterparties to reduce your outstanding fixing risk.
RESET sends a Portfolio entry sheet (Excel-based) to your email address after we have set the interest rate curve. You have until the cut off time stated to fill in the sheet and return it by email to reset@reset.net.
You may enter as many portfolio entry sheets as you require.
There are 2 types of entry sheets: RESET Regular and RESET Freeform.
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Curves
RESET takes great care to provide very accurate mid market consensus curves, incorporating all short end market sentiment and expectations such as Central Bank meeting dates and year-end turns. Numerous benchmark and market significant points on the short term curve are surveyed by RESET from a range of recognised market making banks and straight line interpolation is used to create values for each date.
CREDIT LIMITS
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The Credit Limits page of the spreadsheet allows you to define the maximum desired exposure with any individual counterparty in a matching run. You simply enter the maximum gross notional amount of FRAs (or SPS) that you can trade with each counterparty for the purposes of each RESET run. On request, RESET can supply you with the same credit limits preset for the next run. You can then amend any recent changes.
MATCHING RESTRICTIONS
Should you wish to avoid matching over any specific date RESET give you the option to restrict matching over any date of your choosing.
Business Day Window
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It is also possible to select a maximum limit to the number of business days between offsetting BUY and SELL trades.
WARNING: Restrictions by their nature affect the efficiency of the matching process and reduce the amounts tradable.
RESULTS
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Following every RESET run you will be sent a report outlining the details of every trade executed on your behalf.
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Web Delivery |
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Results can be sent to you in an electronic format specifically designed to allow automatic upload into your system. We can customise the results format to your specifications. |
It is also possible for you to view and download your results via the password protected MY RESET area on our website www.reset.net. We give you the option to restrict matching over certain dates such as turns and central bank meeting dates. |
© RESET 2006 | Disclaimer of Warranties
