Swaps

Swap trades are used to roll over a position to the next day and are generated automatically based on the settings. Value dates take public holidays into account.

The swaps table contains the following information:

Name	Description
Account	The account for which the swap is performed or scheduled.
Instrument	The instrument for which the swap is performed or scheduled.
Quantity	The volume of the instrument in the trade.
From trade date	The date from which the position is rolled over.
To trade date	The date to which the position is rolled over.
From value date	TThe value date of the trade before the swap.
To value date	TThe value date of the trade after the swap.
Close rate	The closing rate of the trade for the instrument.
Open rate	The opening rate of the trade for the instrument.
Closing quote amount	The instrument volume in the trade at the time of closing.
Opening quote amount	The calculated instrument volume in the trade at the time of opening: Closing Quote Volume - (Lots in Position * Swap Rate * Days in Swap).
Intraday swap	Displays Yes if the instrument is swapped intraday (typically for instruments with a TOD tenor or if the account has Intraday Swap enabled in Netting Settings).
Price (pips)	The swap price in pips.
Status	The status of the swap.

Important! When performing swaps using the arrow button in the Daily Operations section, the system uses existing swap rates. When performing swaps using the Make swaps button in the row of each individual swap in the Position Trades ➝ Swaps subsection, the swap rates (Close rate and Open rate) set in the pop-up window are used. In the fields Close quote amount and Open quote amount, you can specify the quoted amount of the instrument at the time of opening and closing the swap trade.

The swaps table provides filtering by Instrument and Asset Type.

Statuses

Name	Description
Ready	The swap is ready to be executed.
Overdue	The swap was not executed on the current day; it should have been executed on each previous day since the trade was made.
Second swap	Typically occurs when an incorrect trade date is specified for the trade.
Exists	The swap has already been executed (to display existing swaps, enable the Show existing checkbox at the top of the section).

The Cancel Swap button next to an individual swap allows you to cancel a previously executed swap that has the Exists status.

---

The Save as XLSX button allows you to download the swaps table.