Table of Contents
Navigating the Final Settlement Rates module
Submitting and Rejecting Rates
Introduction
The Final Settlement Rates Module allows you to set the rates which will be used to calculate final/cash settlement amounts for your maturing hedges. You have the option to use either the Chatham market rates or use your own custom FX rates for calculating settlements. You can also use our Run Trade Matching functionality, a workflow tool which which will automatically search for and select any matching offsetting trades which have been entered in ChathamDirect to determine your settlement rates.
Navigating the Final Settlement Rates module
To access the Final Settlement Rates page, navigate to Operations > Final Settlement Rates or click the link below:
This page can be filtered in many ways, using the as of date, the rate submitted status, currencies, legal entities and counterparties. You can use a combination of multiple filters, and each filter supports selecting multiple values (except for the date filter). 
When the Final Settlement Rates page is initially loaded, the date range filter will default to the current date, and the Range Selections option will default to Last 31 Days. You will see the "Viewing from" date so you know the exact date for which your current goes back to:
You can adjust the selected date by paging through month to month, or by selecting a date via the month and year drop-down menus. You can also adjust the Range Selections by clicking on any of the options provided:
The date range selected will allow you to view all of your FX hedges which are scheduled to settle within that time period. This will allow you to either manually input a final settlement rate to be used by the system for calculating your settlement amounts, or you can select the Choose Rate option to use your own Valuation rate, to use Chatham's market rate or another custom rate:
You can also choose the Run Trade Matching feature, which will take you through a workflow process where ChathamDirect will attempt to match all of your maturing hedges with any offsetting trades that you have loaded in the system:
Submitting Rates
If you have chosen to use the Chatham market rates, your custom FX rate, or if you manually inputted your settlement rates, you will find that the system seamlessly calculates your final settlement amounts. There are processes to approve rates which are entered, as well as a process to reject rates if rates and settlement amounts need to be changed.
Once you have completed a step to choose rates, you can then click the Apply Rates button to set that rate for all of your maturing hedges. You can see the rate which has been set at the currency level, counterparty level and trade by trade:
If you have more than one trade which is maturing with the same counterparty and they are not using the same settlement rate, you can manually adjust the rate per trade. Once you are sure that all of your rates are properly entered, you can click the green Submit Changes button, which will prompt the system to calculate settlement amounts:
You will then be taken back to the Final Settlement Rates page, where any trades which have not yet been matched will be shown. The page will by default filter for any trades which have not yet been matched, or where rates are rejected, so you should not see trades displayed if you have finished entering all rates.
Rejecting Rates
If for some reason you determine that a final settlement rate was entered incorrectly or needs to be changed, whether at a trade level, by counterparty or for an entire currency, you can reject rates so they can be resubmitted. It should be noted that rejecting rates for trades cannot be undone, but you can go through the steps to re-enter rates for your trades once rejected.
When you go to the Final Settlement Rates page, if you need to see trades so you can reject any which have already had rates submitted, you will first need to ensure that the date range is set to cover your required period. Once that is done, you will then need to set the status filter to include anything which is approved or pending approval:
Once you have select those filters, you should see all trades with their calculated settlement amounts. You can then filter by currency, legal entity or counterparty to find your trade(s). The example below shows filtering for a trade in AUD-USD:
When you identify the records for which you need to change rates, you can check one box or multiple boxes where you see the Reject option. Once all selections are made, you can click the Submit Changes button on the top right:
If you want to reject and remove the rates for every trade on the page, you can click Reject All button on the top right. That option will set every trade/rate to be rejected once you click to submit. This will reject trades based on what you see showing, and cannot be undone.