Trade Novation
The Trade Novation widget allows you to move trades across portfolios and compare the risk.
Using the widget
- In the top left menu, click Insert > Widgets, then drag and drop the Trade Novation widget to your dashboard.
- On initial display, you’re prompted to enter or select the following:
| Field | Description |
|---|---|
| Original Netting Set | The portfolio from which a trade or set of trades will be selected. |
| 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 View Summary 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.
tip
To view the experimental calculations, add the Epoch hierarchy 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.