Trade Novation
The “Trade Novation” widget can be found under the WhatIf Simulations category. The What-If allows you to move trades across portfolios and compare the risk.
To use the widget:
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Start by adding the “Trade Novation” widget into the view.
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On initial display, you will be asked to enter or select an Original Netting Set, Novated Trades, and a Transferee Netting Set.
- Original Netting Set: The portfolio from which a trade or set of trades will be selected from.
- Novated Trades: The list of trades from the Original Netting Set.
- Transferee Netting Set: The portfolio receiving the selected trades.
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After entering the necessary data, click the submit button to see a summary of your What-If.
Two copies of the Novated Trades are created, an “offset” and a “novated”. The “offset” trades cancel out your risk from the Original Netting Set. The “novated” copy applies the trade’s risk value to the Transferee Netting Set.
To view the experimental calculations, add the hierarchy [Epoch].[Epoch] into the view, for example, on columns of your Pivot Table. You may also want to set a filter on this hierarchy and select: “master” and your branch.
See also
- File Upload (widgets)
- Parameter Sets (widgets)
- [Epoch].[Epoch] (cube)