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Release 25.10

 

Index fixing for swaps in Trade Manager

As of version 25.10, users of TRS in the trade manager can add their own “customer” business centers in addition to the standard business centers maintained by Simcorp. Users can add the new business centers via the new business center form and will be able to link them business center calendars in the same way as the previous standard centers.

These new “customer” business centers will be shown with the business center owner as “customer” and will only be selectable on the following instruments:

  • Index Swaps
  • Bond Swaps
  • Equity Swap
  • Bond swap, baskets
  • Equity Swap, baskets

This enhancement will allow users to define business centers that are not in the current FpML list such as exchange business centers. This will enhance the flexibility of those instruments where they are permitted.

Subscription based licensing

TM Total Return Swap

Sales module dependency

TM Total Return Swap

 

Enhancements for exotic FX options in Trade Manager

As of version 25.10, the Trade Manager introduces enhancements for exotic FX options, with a focus on improving lifecycle handling, transparency, and alignment with market standards. These enhancements support correct modelling of barrier options, rebate handling, and valuation logic across the following exotic FX options:

  • FX Option, Double Barrier
  • FX Option, Single Barrier
  • FX Option, Touch

 

Benefits

  • Barrier window configuration—For FX Option, Single BarrierFX Option, Double Barrier, and FX Option, Touch instruments, you can define a custom barrier observation period. You can do so by using the new Barrier window start and Barrier window end fields. This barrier observation period is independent of the effective dates and expiry dates applicable for the option but must remain within the effective expiry range.You can start the barrier observation period on the same day as the option's effective date, in line with market standards.
  • Barrier window type—For FX Option, Single Barrier and FX Option, Double Barrier instruments, you can specify the barrier window type as either American or European in the new Barrier window type field.
  • Rebate handling—For FX Option, Single Barrier and FX Option, Double Barrier instruments, the new Rebate field is available. SimCorp Dimension supports rebate amounts and automatically processes them for knock-in and knock-out scenarios where the option remains, or becomes inactive. Rebate payments are generated on expiry and are handled as separate payments, with no link to forward premium.
  • Barrier description—For FX Option, Single Barrier and FX Option, Double Barrier instruments, a second option is available next to the Barrier type field. This second option reflects combinations of option types and barrier types applicable to the FX option.
  • Support for knock-in/knock-out barrier combinations—For FX Option, Double Barrier, you can configure barrier type combinations such as knock-in-knock-out scenarios.
  • Monitored values—For FX Option, Single BarrierFX Option, Double Barrier, and FX Option, Touch instruments, the new BARRIER_HIT and OPTION_ACTIVE monitored values are available. These values help you track whether a barrier has been breached and whether the option is currently active. These values can be retrieved by using relevant formula functions. You can also use the new getximmonitored() formula function that retrieves monitored values from XpressInstruments—specifically for use in transaction-level and position-level contexts.
Subscription based licensing

TM Total Return Swap

Sales module dependency

TM Total Return Swap

 

Enhancements to TRS business centres in Trade Manager

As of version 25.10, users of TRS in the trade manager can add their own “customer” business centers in addition to the standard business centers maintained by Simcorp. Users can add the new business centers via the new business center form and will be able to link them business center calendars in the same way as the previous standard centers.

These new “customer” business centers will be shown with the business center owner as “customer” and will only be selectable on the following instruments:

  • Index Swaps
  • Bond Swaps
  • Equity Swap
  • Bond swap, baskets
  • Equity Swap, baskets

This enhancement will allow users to define business centers that are not in the current FpML list such as exchange business centers. This will enhance the flexibility of those instruments where they are permitted.

Subscription based licensing

TM Total Return Swap

Sales module dependency

TM Total Return Swap

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