How-to: Enter a non deliverable forward - NDF

Created by Erik Åkerlund, Modified on Mon, 20 Feb 2023 at 02:29 PM by Erik Åkerlund

Instrument data

Start by creating an FX Instrument in Register > Instrument Data. Check 'Non deliverable forward'.
Deal Input - Foreign Exchange

Enter the forward deal in Deal input – Foreign Exchange transaction.
An extra date field is displayed called ‘Fixed date’.
Settlement at maturity

Enter a Spot deal at the Settlement rate.

Note!
The amount in the non deliverable currency should be same as in the original forward deal.
The net result is settled in the base currency.

The deals are treated as two separate transactions in accounting and netted in payments.