Purchase FX for Payments Summary Form:  FX Rates Tab

The FX Rates Tab is used to create an FX contract and access current FX rates online.

1. From the Purchase FX Tab, select a payment. To select multiple payments, drag the cursor down sequential lines or hold the CTRL key as you click to select individual lines that are not sequential.

2. Click Get FX Rates.  The Purchase FX for Payments Summary Form appears.

3. Click the FX Rates Tab.

4. Select one or more payments requiring new rates and click New Rates.

5. CitiDirect completes the FX Contract Rate, Equivalent Amount, and FX Value Date fields.

6. Select the payments you want to process and click Accept. All rates that are accepted are acknowledged with a contract number, to confirm that the currency will be purchased to fund each foreign currency transaction.

7. Click Done to return to the Purchase FX Summary Form.

Notes:

• The funded payment moves to the next step in the payment process as defined by Flow Control requirements.

• If the online rate field does not list the quoted rates, you can manually enter the FX rate.  When entering rates manually, you must enter the FX rate and FX contract number.

• Receipt of contract numbers results in the creation of FX contracts that represent foreign currency balances.