Book
Trades
FX-margin forward book · three-person approval · money-line step-up · FX-snapshot pinned
£100.0m
Open notional
▲ 8 open
3
Awaiting approval
2 need 2nd
1
At money-line
step-up required
£750.0k
Settled commission · H1
14 settled
Trade Lifecycle (C1–C8)· state machine
✓
Draft
FX-pinned
✓
1st approval
≠ drafter
3
2nd approval
conc. gate
4
Margin call
step-up
5
Deployed
sleeve alloc.
6
In-flight
live
7
Reconciled
actuals
8
Settled
commission
Live Book· in-flight
live · rates 15s
TRD-0417
GBP/USD
1.2761
▲ +0.21%
Worldwide Currencies · 3-mo fwd · pinned 1.2734
Notional£13,400,000
Margin posted£335,000 · ok
Maturity38 / 90 days
TRD-0419
GBP/CHF
1.1408
▼ −0.14%
Albion · 2-mo fwd · pinned 1.1424
Notional£11,800,000
Margin posted£295,000 · ok
Maturity12 / 60 days
TRD-0420
EUR/GBP
0.8472
▼ −0.38%
Helix · 1-mo fwd · margin call staged
Notional£18,500,000
Margin statustop-up · step-up
Maturityawaiting deploy
TRD-0418
GBP/USD
1.2749
▲ +0.12%
Worldwide Currencies · 3-mo fwd · pinned 1.2734
Notional£9,800,000
Margin posted£245,000 · ok
Maturity61 / 90 days
Trade Book· 6 shown
Three-person approval. Drafter ≠ first approver ≠ second approver (enforced in app + a DB CHECK). Margin and settlement steps require a fresh TOTP step-up at the money line.
| Ref | Pair · Tenor | Notional | Margin | Broker | Stage | Approvals | Evidence |
|---|---|---|---|---|---|---|---|
| TRD-0421 | GBP/USD · 3-mo fwd | £24,000,000 | £600,000 | Worldwide Currencies | Pending 2nd | JNRM? | — pre-deploy |
| TRD-0420 | EUR/GBP · 1-mo fwd | £18,500,000 | £462,500 | Helix | Margin · step-up | AOKP | ✓ client · – LP |
| TRD-0422 | GBP/CHF · 2-mo fwd | £9,600,000 | £240,000 | Albion | Draft | KP | — draft |
| TRD-0417 | GBP/USD · 3-mo fwd | £13,400,000 | £335,000 | Worldwide Currencies | In-flight | JNAO | ✓✓ spread 0.50% = declared |
| TRD-0415 | GBP/JPY · settled | £31,000,000 | £775,000 | Helix | Settled | JNAOFA | ✓✓ 0.50% · settled |
| TRD-0416 | AUD/GBP · reconciled | £20,500,000 | £512,500 | Albion | Reconciled | FAJN | ✓✓ 2.0% ≠ 0.75% declared |
Broker Oversight — Offside Sweep· client-confirmed rate vs market
The founder's top-up check. Every trade stores TWO confirmations — the broker→client ticket and the broker→LP booking. The gap between them is the broker's real spread ("no ambiguity on what they've made"). If the market moves >2% against the client's rate, the position is offside and the broker owes its client a margin call — recorded and evidenced here.
| Ref | Pair | Client rate | Market | Move | Status | Client margin calls |
|---|---|---|---|---|---|---|
| TRD-0417 | GBP/USD | 1.2896 | 1.2871 | 0.19% | Onside | none needed |
| TRD-0420 | EUR/GBP | 0.8542 | 0.8321 | 2.59% | Offside | 0 on file — chase broker |
| TRD-0416 | AUD/GBP | 0.5211 | 0.5087 | 2.38% | Offside | 1 recorded · satisfied ✓ (evidence filed) |
Origination trail. Each trade links back to the contact that started it — email, phone or Teams (transcript attached where one exists) — in the Call Log.
421
TRD-0421 · GBP/USD 3-mo forward
Drafted by K. Patel (Ops) · 09 Jun 2026 10:01 · Worldwide Currencies · FX snapshot #SNP-2261 pinned
Notional
£24,000,000
Margin (2.5%)
£600,000
Pinned rate
1.2734
Broker commission
0.85%
FBC share (50%)
£60,000
Conc. after trade
£0.94m / £1.20m 82%
Approval chain
Drafted
K. Patel · Ops
10:01
First approval
J. North · CEO/MLRO (≠ drafter ✓)
10:02
Second approval
R. Mensah · Risk (≠ drafter, ≠ 1st ✓)
now
Margin call
money-line · TOTP step-up
—
Second-approver action
Concentration check. Approving holds Worldwide Currencies at 78% of cap — within ceiling, no exception required.
You are signed in as R. Mensah · Risk. You did not draft or give first approval, so you may record the second approval.
Forward Book Capital — front-end prototype · illustrative seed data only · not for execution