to view the instructions for the method you want to use.The Get Rates sub-form allows
you to choose the method of generating FX
rates for Financial Institution (FI)
transactions. If
the FI transaction
you are entering or viewing has foreign exchange requirements, you may
enter rates manually or by using the On Line Rates Server (OLR).
Click to view the instructions for the method you want to use.
To get FX
rates from the OLR
server
The Payment Currency,Payment Amount, andFunding Account Currency fields are automatically populated based on the entries from the Payments Detail form.
Click New Rates. The FX Contract Rate and FX Value Date are populated by the OLR server. Note: The contract rate will be a Daily rate, unless the amount is over the Threshold amount, in which case it will be a spot rate.
Review the rate information and click Accept. The FX Contract Number is automatically populated by the OLR and the Equivalent Amount and Sell Rate to Customer fields are calculated based on the contract. A Message box appears telling you that the rates have been confirmed.
Click Done to return to the payments detail form.
Notes:
Rates are only good for 90 seconds. If you accept rates that have become stale, a warning message appears telling you to click New Rates again.
Once a contract is accepted, all fields are protected, and the New Rates and Get Manual Rates buttons are disabled.
You may click Done at any point to return to the Payments Detail Form. If you have not accepted rates, or were unable to obtain rates from the OLR server, you will be asked if you want to enter manual rates. If you want to use manual rates, please read the instructions below.
Click Print to print the details on the Get Rates Subform.
To enter rates manually
The Payment Currency,Payment Currency Amount, andFunding Account Currency fields are automatically populated based on the entries from the Payments Detail form.
Click Enter Manual Rate. The FX Contract Rate, FX Contract Number and FX Value Date fields become modifiable.
In the FX Contract Rate field, enter the FX rate for this transaction.
In the FX Value Date field, enter the Value Date for the FX contract.
In theFX Contract Number field, enter the number of the FX contract that is being used to fund this transaction.
Review the rate information and click Accept. The contract number will be validated as being unique. If the contract number is not unique and error message appears.
Click Done to return to the payments detail form.
Notes:
You may click Done at any point to return to the Payments Detail Form. If you have not accepted rates you will be asked if you want to continue. Click Yes to return the Payments Detail Form.
Click Print to print the details on the Get Rates Subform.