EXPIRY - Positions Near Expiry
What is EXPIRY
This procedure should be operated frequently to ensure that the Client and Broker trade positions are maintained correctly with settlements actioned accordingly.
The report will list all accounts that have open trade positions that are due to time expire according to the cutoff date entered. The different instruments are selectable individually or en-masse. The suggested expiry dates are 2 working days for FX and 7 days for other instruments. These cutoff dates can be overtyped with your own specifications.
There is an alternative for Futures to be reported if their expiry is to be based on First Notice Day. The TCCM static (Off the board dates) needs to be maintained for the correct FND to be calculated for each prompt month.