Trade Novation
The “Trade Novation” widget can be found on the widget ribbon at the top of your dashboard.
The widget allows you to move trades across portfolios and compare the risk.
To use the widget:
-
Drag and drop the “Trade Novation” widget into the view.
-
On initial display, you will be asked to enter or select the following:
- 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.
- Target Netting Set: The portfolio receiving the selected trades.
- What-If Branch Name: The name of the What-If branch to be created.
-
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.
- Click Create What-If to finalize your changes.
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.