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Automatically hedging foreign currency transactions
Project duration: 7 months
Brief description
Planning, conceptual design and implementation of automated posting of hedge deals to compensate for exchange risks in foreign currency transactions in the Endur energy trading software for an energy trading company.
Supplement
Price curves already contained in Endur and having an already technically implemented connection to Live Ticker from Reuters are updated and queried using a trigger. The obtained price is used in the posting process for a transaction. Because the price is overwritten with the last published price in a downstream step, a warning must be given if the last published price could not be queried for technical reasons.
Subject description
Within the framework of the FX hedging concept, the rates published in realtime should always be used when currency transactions (FX deals) are posted. For this reason, the price must be updated both for automatic posting of currency transactions and for manual posting. However, it must also be possible to change a currency transaction without changing the price. For example, it must be possible to change the amount to be exchanged while the rate remains the same.
IT project data
- Industries energy
- Specialist tasks foreign currencies, price comparison
- DP tasks standard software expansion
- System environments standard software: industry systems
- Procedure model customer standard
- Standard software and BI Endur
Project period01.10.2011 - 17.04.2012
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