Changes the orientation of the ribbon bar between a horizontal and vertical display.

See Changing the Ribbon Bar's Orientation Between Vertical & Horizontal.

Opens the Settings window.

For more information see Customizing SDX Interest Rates.

Lets you download SD’s Excel add-in so you can integrate SD functionality with any Excel spreadsheet.

For more information see Adding SD Functionality into Excel.

This opens the SD-IR Explorer window in the Recent Deals folder. From this folder you can open instruments saved from the Single Option page.

For more information see Opening a Saved Instrument in the Single Option Page .

Opens the SD-IR Explorer window.

For more information on this window see Working With the SD-IR Explorer Window.

Opens the Community Chat interface.

Opens the Back Testing tool which lets you see how a strategy would have performed in past markets if it had actually been entered into in the past.

For more information see Using the Back Testing Tool.

Gives you access to the Payout chart (Generating a Payout Chart) and the risk charts (Risk Charts ).

Allows you to send your current instrument or portfolio to other users.

For more information see Sending an Instrument or Portfolio to Other Users.

Opens the Find Strategy page which suggests an optimal hedging strategy for underlying exposure.

For more information see Using the Look for Strategy Tool .

Filters your client list to show who may be interested in the current deal.

For more information see Working with the Who to Call Tool.

Gives you access to the Blotter in SD's risk management functionality.

Lets you access the Yield Curve (Yield Curve), the Inflation Curve (Inflation Curve), the OIS Curve (OIS Curve), the BMA Curve (BMA Curve) or the Government Bonds (Government Bonds Page).

Lets you access the Correlation page (Working with the Correlation Page).

Opens the Holidays window (Working With the Holidays Page) which displays the predefined holidays in SD-FX for up to five currencies simultaneously, each in a different color.

Gives you access to the Blotter in SD's risk management functionality.

Gives you access to the Book Selection window in SD's risk management functionality.

If you are registered for SD-T, SD's RFQ (Request for Quote) product as a trader, this button lets you open the SD-TR window in the trader mode, whereby you can pick up a quote request and price it before sending it back to the client.

This button is only enabled if you are registered for SD-TR as a trader.

For more information see Requesting a Quote .

Opens a document that describes how to upload your own IR pricing models for use in SDX Interest Rates.

Opens the SDX Interest Rates online help.

Lets you contact SD’s support desk via email.

Lets you see the latest version of SDX Interest Rates.

Opens your Favorites list from where you can easily access one of the listed deals or portfolios.

To work with it in the Single Option page see Working With Your Favorites List in the Single Option Page.

To manage the Favorites list see Working With Your Favorites List in the Portfolio Page. Also see Accessing Portfolios Via the Favorites List.

Defines whether you are in the Values or Formulas mode.

For an overview of working in these modes see Using Excel-like Formulas.

Opens the Portfolio Management window where you can save the instruments in the Portfolio page as a portfolio.

Pastes the last copied instrument columns into the portfolio.

For more information see Copying and Pasting Instruments in the Portfolio PageThis is only available in the Portfolio page.

Inserts an empty instrument column to the left of the selected instrument column.

For more information see Inserting an Instrument Column.

Activates the locking functionality. For more information see Locking Fields in an Instrument in a Portfolio.

Lets you change the portfolio’s display orientation from vertical to horizontal and vice versa. For more information on changing the orientation see Changing the Portfolio’s Orientation Between Vertical and Horizontal.

The arrows let you:

Shift the display one column to the right/left.

Shift the display five columns to the right/left.

Shifts the display to display the right/left most columns.

Opens the instrument’s Single Option Data window.

For more information see Using the Single Option Data Window.

Defines whether the interest on this leg is to be based on:

A fixed rate, i.e., the rate is constant.

A floating rate, i.e., the rate is set by reference to a short-term published reference rate, such as LIBOR.

CMS, i.e., the rate is set by reference to a long-term capital market rate, such as a swap curve.
This value is only displayed for CMS related instruments.

For a loan, this button defines if the loan is a fixed rate loan or a floating rate loan.

Defines if there is a TARN added to the inverse floater. That is, it defines if there is a target redemption condition (or cap) added to the payout of the underlying structures.

Opens the FX Volatility Curve window which displays the ATM volatility for the currency pair referenced in this instrument. For more information see Working With the Volatility Window.

Defines the type of swaption.

You can choose either of the following:

Payer
This gives the holder of the swaption the right to enter into a swap where they will pay the predefined rate and receive the floating rate. The holder of a payer swaption will only enter into this swap if the floating rate is above the predefined rate on the exercise date.

Receiver
This gives the holder of the swaption the right to enter into a swap where they will receive the predefined rate and pay the floating rate. The holder of a receiver swaption will only enter into this swap if the floating rate is lower than the predefined rate on the exercise date.

Straddle
This creates a swaption straddle strategy.

Defines if the payout is to be made if the defined index is inside or outside the defined range on the expiry date.

For more information see the Digital Range Cap/Floor.

Defines the settlement type if on the exercise date the swaption is in-the-money and exercised.

For all swaptions (with the exception of a Bermudan swaption which is always set to a swap settle) you can choose either of the following:

Cash Settle

Here the seller pays the buyer the current market value (or price) of the underlying swap based on the predefined fixed rate. The amount is paid on the start date of the underlying swap.

Swap Settle
Here the swap is entered into by the two parties, based on the predefined terms.

In addition, it is important to note that for most swaptions this button also affects the pricing of the instrument. That is:

If you choose to enter into a cash settled swaption, then:

For a vanilla swaption or swaption strategy (for all instruments except USD or JPY), then by default SD uses the IRR method (also known as par cash rate) to calculate the market price, although you can choose to use the swap curve annuity method instead.

For information on how to set the default method used for a vanilla swaption and a swaption strategy, see Customizing the Vanilla Swaption & Swaption Strategies.

For a cash settled vanilla swaption or swaption strategy on USD or JPY, the pricing is always calculated as if it was swap settled.

For a forward swaption and an American swaption, the swap curve annuity method is always used.

The IRR method calculates the market price using the market formula for cash settlement whereby the annuity is calculated using a flat yield curve equal to the forward swap rate. The swap curve annuity method calculates the market price as if the instrument was physically settled, i.e., it calculates the market price of the underlying swap.

If you choose to enter into a swap settled instrument, SD uses the standard market approach—in which the discount factors for the annuity are computed based on the discounting curve that is used for the pricing of the swaption (and that is set by the Collateralization dropdown list in the pricer itself).

Defines whether the instrument’s floating leg is based on the floating leg of a vanilla swap or a general swap.

For more information see Pricing a Cross Currency Swap in SDX Interest Rates and Pricing a Loan in SDX Interest Rates.

Opens the Cash Flow Dates window which lists all payments to be made between the two parties.

For more information see Working With the Cash Flow Dates Window.

Defines whether the right to call the swap on the predefined date(s) belongs to the payer (if set to Callable) or to the receiver (if set to Putable).

Opens the Callable Dates and Fees window for a Bermudan swaption.

For more information see Working in the Callable Dates and Fees Window

Defines for a snowball instrument whether the first coupon is based on a floating rate or a fixed rate.

Opens the Correlation Curve window used to price a CMS spread option and a CMS spread swap. For more information see Working With the Correlation Curve Window.

This button is only displayed for a CMS spread swap and a CMS spread option.

By default, a number of fields in the pricing page are set to a constant value for all coupons. However you can set a different value for each coupon using the Cash Flow Dates window (see Working With the Cash Flow Dates Window).

Where different values have been set for individual coupons, that field in the pricing page is shown as the button Variable. The list of fields for which this is relevant depends on the instrument being priced, but can include:

Strike

Fixed Rate

Notional

High barrier (%)

Low barrier (%)

Clicking this button opens a dialog box that gives you the choice of resetting the field to its original value for all the underlying coupons for this leg.

If you click the button for an instrument whose notional you adjusted using the Serial Loan or the Annuity Loan method (in the Notional Per Fixing dropdown list in the Cash Flow Dates window), the system resets the underlying coupon notionals of both legs.

Instructs the system to calculates the relevant result(s) using the BGM model.

Reloads the market data from the selected feed and cut-off time to this page (although if you had manually edited a fixed rate this is not updated). It also automatically recalculates the Greeks and various values.

This button also refreshes the data in all the market data pages if you had previously frozen the rates there.

In the:

Single Option page this clears all data input by the user (including market data depending on user-input data, such as ATMF Volatility and the Forward rate) as well as any Greeks and values calculated by SDX Interest Rates. For more information see Clearing an Instrument.

Portfolio page this deletes the contents of all instrument columns. For more information see Deleting Instruments from the Portfolio Page.

Lets you toggle between seeing the results displayed in the settlement currency (the default setting) and the trade currency.

Lets you control which discount factors are used for the current instrument or portfolio. For more information see Using Collateralization .

In addition, for a EUR or GBP swaption, this button also controls which volatility surface to use—the one for OIS-discounted swaptions or the one for LIBOR-discounted swaptions. For more information see Toggling Between the Volatility Surface for Collateralized and Non-Collateralized Swaptions.

Lets you see an expanded or condensed version of the Greeks and values.

Lets you enter your own bid/ask spread for the market normal volatility and then recalculate the instrument.

For more information see Changing an Options’s Volatility.

Lets you instruct the system to calculate the relevant result (the BGM Rate, the Price or the NPV) for the current instrument using the BGM model.

Lets you toggle the display of the Greeks as an amount or as a percent.