In a cross currency swap when you first define one of the notionals, by default the system automatically calculates the other notional using both the defined notional value and the spot rate displayed in the Spot field.
However, you can then overwrite each notional individually and/or change the spot rate. If you change the spot rate or change one of the notionals, you can subsequently instruct the system to re-calculate the other notional accordingly.
If you edited the spot rate, once you have calculated the notionals using the required spot rate, you can then re-display the spot rate for the defined trade date (for use in calculating the instrument itself). This step does not subsequently affect the notionals displayed.
To instruct the system to recalculate one of the notionals:
| 1. | Make the required change to the currency pair’s spot rate and/or one of the notionals. |
| 2. | Delete one of the notionals. This will be the notional you want the system to re-calculate using the defined spot and the other defined notional. |
| 3. | Click outside the field or press <Enter> on the keyboard. The system recalculates the missing notional using the defined spot rate and the defined notional. |
To re-display the current spot rate after editing it:
| 1. | In the Spot field delete the edited spot rate. |
| 2. | Click outside the field or press <Enter> on the keyboard. The system displays the current spot rate. |