Book · Trades
New trade
draft → first approval → second approval → margin → settlement · three-person segregation
1
Economics
pair · notional
2
Margin & comm.
2.5% · 0.75%
3
Limits check
conc. gate
4
Review
draft of record
5
Approval
three-person
Trade economics· step 1 of 5
FX snapshot pins on draft. Notional, pair and value date define the ticket; the dealing rate is pinned from the live FX snapshot the moment a draft is created. Nothing here executes.
Auto from value date · cap 90 days
Ticket read-out· live
Notional (GBP)£9,600,000
Pair · directionGBP/USD · Buy
BrokerWorldwide Currencies
Value date03 Aug 2026
Tenor47 / 90 days
Margin & commission· step 2 of 5
Default 2.5% of notional
Computed · 2.5% × notional
Gross commission on notional
Agreed standard
Computed · 50% × (0.5% × notional)
Computed money figures· recap
Margin posted
£240,000
Expected gross commission
£48,000
FBC 50% share
Capital & limits check· step 3 of 5
Pre-clearance. Booking this ticket is checked against the broker concentration cap, the 35% FBC buffer and the funding sleeves before a draft is allowed. A breach needs a joint CEO + Risk exception.
Funding sleeves
Sleeve W · Worldwide£168,000 margin
Sleeve M · Meridian FX£72,000 margin
Buffer drawn£0 · protected
Check results
Buffer headroom ok
Sleeve funding ok
Concentration 88% — within cap
KYC current
Concentration > cap. Booking this ticket would take Worldwide Currencies above its exposure ceiling. This requires a joint CEO + Risk exception before a draft can proceed.
Review & draft· step 4 of 5
Broker
Worldwide Currencies
Pair · direction
GBP/USD · Buy
Notional
£9,600,000
Value date · tenor
03 Aug 2026 · 47d
Margin (2.5%)
£240,000
LP name
LP-Beta · Northbank
Broker commission
0.75%
Expected FBC share (50%)
Drafter of record
Joseph North · CEO/MLRO
Submitting creates a DRAFT. You are the drafter of record. First and second approval must be two different people (drafter ≠ first ≠ second, enforced in app + a DB CHECK). Margin and settlement each require a fresh TOTP step-up at the money line.
NEW
TRD-DRAFT · GBP/USD forward
Draft created · Joseph North · 17 Jun 2026 · FX snapshot pinned · awaiting first approval
Money-line segregation. Read steps are open; money actions are gated. First and second approval must be two different people, and neither can be the drafter. Margin and settlement each demand a fresh authenticator code (TOTP step-up). Nothing on this page executes — illustrative prototype.
Drafter
Joseph North · CEO/MLRO · drafter of record
✓ now
First approval
Awaiting Risk Manager · must be ≠ drafter
pending
Second approval
Awaiting CEO / MLRO · must be ≠ drafter, ≠ 1st
pending
Margin call
money-line · locked until both approvals + TOTP step-up
locked
Settlement
money-line · locked · fresh TOTP step-up required
locked
Approval chain
JN??
Drafter recorded
Awaiting 1st
Awaiting 2nd
You drafted this ticket, so under the three-person rule you cannot record either approval. The first approval routes to the Risk Manager; the second to the CEO / MLRO.
TOTP step-up · margin line
Money actions need a fresh code. When the margin call is released, the actioning approver must enter a current 6-digit authenticator code. This is illustrative — no code is checked.
Margin line is locked until both approvals are recorded — the step-up activates at the money line.
Forward Book Capital — front-end prototype · illustrative seed data only · not for execution · new-trade wizard · three-person segregation