New views, command functions and more

Norman Winterling. Monday, May 11, 2009

New views; new button functions; hedging (“Quick Hedge") for funding transactions, automatic referencing of historical interest rates, prices and exchange rates.

New data items

On the sals.a user interface, you will now find a number of new data options, which can be activated with the “Select Tabs” button on the right side of the screen.

  • Interest (period): historical and expected interest payments (or income) accrued to the period in which they occur
  • Duration: weighted indicator of capital tie-up in years
  • bpv: basis point value (PV01, see detailed loan portfolio analysis)
  • NPV (interest)/scenario: net present value for several interest rate scenarios
  • NPV (interest&FX)/scenario: net present value for scenarios assuming simultaneous changes in yield curves and exchange rates


New button functions

btn_add.pngYou already know the large buttons in the main view. New functions have been added to two of these, which will speed up the selection process and benefit experienced users in particular.

The buttons Add (under " Add deals ") and Report each have an arrow symbol on the right side, which open a drop down menu.

Clicking the main Add button brings you to the familiar Capture menu. The drop down menu takes you directly to the relevant functions:

  • Manual Entry,
  • Templates or
  • Import MS Excel file

btn_report.pngThe Report button gives you the following options:

  • Clicking on the main button directly and automatically generates the basic Management Reports for interest, currencies and commodities, without additional steps.
  • In the drop down menu (red arrow), the option Other Reports opens the familiar window with all sals.a reports, which lets you generate your own selection.
  • Finished reports can be minimised and reopened without the need to generate them again. As in Windows, use the symbol at the top right of the report window to hide the report, and click on the small element next to the report button (blue arrow) to reopen the report.
  • You can also use the new features to directly configure your e-mail reports and send regular market data and the 7-day preview to an e-mail address of your choice.

“Quick Hedge” for funding transactions

For funding transactions captured as a “Refinancing”, you can now use the convenient Quick Hedge function to display various hedging options. Two of them are detailed here:

1. Traditional interest rate swap

As with other underlying transactions, clicking the Hedge button automatically generates a fair interest rate swap on the basis of current market data. A payer swap is created to hedge variable rate transactions. For fixed rate investments and loans, sals.a generates a receiver swap.

Since the loan in a funding transaction originally has a fixed-rate (or periodic) structure and a variable phase at the end of the fixed-rate period (reset period), Quick Hedge creates a forward starting swap for the reset period. This is a valuable function for hedging of transactions that are scheduled to reset soon or in some months!

double_swap.png2. Double swap

sals.a also offers you the ability to create a double swap. A double swap can be used to reduce the interest costs of an existing fixed-rate loan without terminating it. Using Quick Hedge, a swap is generated for both the original loan and forward hedge for the planned refinancing thereafter, which jointly constitute a double swap.


Remember that you must manually enter the uniform double swap rate for both phases in the relevant fields of the interest rate swaps (both under “Transaction Details” in the “Interest Rate” box). sals.a helps you calculate the rate.

Automatic referencing of historical interest rates, prices and exchange rates

Automatic referencing of historical data is now available to sals.a users. To use this feature, simply activate the option “Reload historic rates automatically", which results in the following:

  • Historical data for captured transactions with starting dates in the past are automatically updated to reflect changes in the relevant market data whenever you log in to sals.a.
  • As before, when you capture a new transaction with a starting date in the past, you use the “Load historic rates” button in the transaction input mask. You can also leave out this step, and sals.a will automatically reference the relevant historical data at your next login.


Please note: manual changes to historical data are not replaced by the system. If you change parameters like interest payment frequency or transaction term (start and end dates) after import of the historical data, a window will open to ask whether you want to save the manually altered data. This refers to the prices or interest rates, which now no longer fit with the payment frequency or term of the transaction. Click “no” to adjust and reload the imported data. In the process, manually entered historical rates may be deleted.

Latest News

Enhanced User Support

1/17/2012  News categories: New functionality 

European Debt Crisis - Implications for Corporate Treasurers?

1/11/2012  News categories: Column 

Interactive Portfolio View Charting

11/28/2011  News categories: New functionality 

Advisory Fees Opportunity, Portfolio Swaps

11/15/2011  News categories: New functionality 

Interpolation Methodology Enhancements

11/7/2011  News categories: New functionality 

TreasuryView Newsletter

Find this page useful?
Our e-mail newsletter contains practical articles on financial risks and informs you about new features in TreasuryView

You will also receive our Research which contains practical information from the world of risk management, read by many top financial institutions. You can unsubscribe easily any time.

Notes to users:
We are constantly expanding our functionality and improving the user experience. This requires to make changes from time to time.
This may result in small discrepancies between the help section and system, for which we apologise.

KFPD GmbH / TreasuryView Software Ltd 2007-2011 All rights reserved   Copyright  |  Disclaimer  |  Privacy |  Contact us