Want to make sure I have the correct processes for rolling position forward for FX swaps
Matched FX swap: Use mid-market spot rate to close out current contract and subsequently open new position using mid-market rate +/- forward points.
Mismatched FX swap: Same process, but when new forward position will be larger than the one being closed out (Net outflow of funds) use the bid side +/- forward points. When new forward position will be smaller (Net inflow of funds) use ask side +/- forward points.
Are these correct?