Dear Jaiin,
really grateful to you for sparing time to answer my confusions in details.
for question 2 & 3, i wish to highlight that we create 103 & 105 deal only in case there's part settlement e.g. if we have usdinr fwd of usd 1mn maturing on 31.08.2014 with final rate as 62 and if we need to take early delivery of usd 0.4 mn on 18.08.2014 we create 103 & 105 deals of 0.40 mn and capture all other details (spot rate, premium, liquidity, value date i.e. 31.08.2014 and contract date) from 102 deal. thereafter we cash settle 105 deal and we will put cash settlement rate as 62.50 (sum total of original final rate as 62 and swap points received let's say 0.50 paise).
i beg your help to have your opinion as to is there any other way to handle these transactions in more efficient way?
thanknig you in advance
rgds/kapil