A deal order defines a deal and the market conditions upon which you want to execute that deal. You can use deal orders to place conditional deals with your dealers. The dealers execute the deal when and if the market reaches the conditions you specify in the deal order. You can also use deal orders to record the conditional deals that your subsidiaries or clients place with you. Your company must execute the deal if or when the market reaches the conditions specified by the deal order from your subsidiary or client.

Entering Deal Orders

Use the Deal Orders window to define a deal and the specific set of market conditions that you want met before you or a dealer can execute the deal.

To enter a deal order

1. In the Status field, select the status of the deal.

2. In the Firm/Indicative field of the Deal Orders window, select Firm if you want to order a firm deal. Select Indicative if you want to order an indicative deal.

3. In the Company and Counterparty fields, select a company and a counterparty for the deal.

4. In the Company Dealer field select your company dealer for the deal. If the counterparty uses a dealer, in the Counterparty dealer field enter the name of the counterparty's dealer.

5. In the Placed On Date field, enter the date and time at which you place the deal order.

   Note: Use 24-hour time format. The application defaults to the current system date and time.

6. If you want the deal order to expire on a certain date, in the Valid Until field enter an expiration date for the deal order.

   Note: Use 24-hour time format.

7. In the Current Mkt Rate field, enter the current market rate for the deal at the time you place the deal order.

8. In the Order Rate field, select the rate at which you want to execute the deal.

9. In the When Market Rate Is field, select Above, if you want to execute the deal when the market rate is equal to or greater than the order rate. Select Below if you want to execute the deal when the market rate is equal to or less than the order rate.

10. In the Deal Type and Deal Subtype fields, select a deal type and subtype.

11. In the Product Type field, select a product type.

12. In the Order Details field, enter comments as needed.

13. Save your work.

14. If you execute a deal order and you receive confirmation of the deal from the counterparty dealer, you can record that the confirmation was received by doing the following:

    • Query the deal order.

    • In the Confirmed by Cparty Dealer field, enter the name of the person at the counterparty who confirmed the deal.

    • Save your work.

15. If you want to view a summary of deal orders, choose the Summary of Orders button. For more information, see: Viewing a Summary of Deal Orders.

Viewing a Summary of Deal Orders

Use the Order Summary window to view a summary of deal orders.

To view a summary of deal orders

1. In the Deal Orders window, select the Summary of Orders button. The Order Summary window appears.

2. Place your cursor in the window and execute a query to display a summary list of your deal orders.

3. To view the comments for a particular deal order, select the deal. The comments you entered in the Order Details field of the Deal Orders window appear in the Details field.

Viewing Deal Orders

Use the View Order Summary window to view the details for a deal order.

To view a deal order

1. In the View Order Summary window, query the deal order that you want to view.