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Add Accounts (Executing Perspective Only)

  1. To add an account, the Executing firm must first define the Carrying Firm and the associated Carrying Firm Account numbers as they are defined by their Give-Up Agreement.

Profit Center is an optional field, but can be used to segregate your accounts.

Profit Center will be the executing firm’s profit center(s) and the information will be pre-populated in the add screen.

Therefore, if there are no profit centers in the drop-down list, they will need to be defined in the profit center screen (if you have access to view this screen).  

Note: By adding profit center you will have more than one payment record. So, within the payment screen, your payments will be segregated by profit center if this option is selected. Also, by adding profit center at the account level, it will take precedence over a profit center added at the Agreement level.

The Executing Account field is optional, but if you populate Executing Account, GPS will utilize that field in combination with carry account, when determining when to apply the defined rate set against the trades.

Note: Carry Contact, Carry Phone, and Memo fields are also optional fields.

 

  1. After you have completed defining (at min) the respective Carry Firm & Carry Account, select Add. You may add up to five carry firms, carry account combinations at a time.

  1. After you have completed defining (at min) the respective Carry Firm & Carry Account, select Add.

Note: You may add up to five carry firm, carry account combinations at a time.

After selecting Add, you receive a confirmation message that your accounts have been added.