This topic describes the process of getting FX rates on line to fund existing currency requirements. To set up currency requirements, see the topic To initiate an FX Contract.
Note: Currency requirements are funded via the Purchase FX Tab, which is available either from the Payments or Purchase FX for Payments service class.
To access Purchase FX for Payments, click Purchase FX for Payments on the CitiDirect navigation bar. The Purchase FX for Payments Summary Form appears.
Click the Purchase FX Tab. Your existing currency requirements are listed.
Select the currency requirements that you want to fund. Note: Only currency requirements with the same WorldLink client number can be funded together.
Click Get FX Rates. You will be promoted to save the current transaction before to proceeding with getting online rates. If you choose to proceed, the transaction will be saved in an Input state. If you choose not to proceed, the transaction will not be saved and you will not get rates. CitiDirect retrieves rates from the on line server and displays them on the FX Rates Sub-Form.
Review the rates and click Accept. A dialog box appears with the message, "Please wait while we process your request ..." If the contract request is successful, this message clears, you are returned to the Purchase FX Summary Form, and the contracts that were selected are updated with contract numbers. Note: You have approximately 90 seconds to accept the FX rate.
Click Done. You are navigated back to the Purchase FX Summary Form. Any transactions that were funded in this session are removed from the Purchase FX Tab and are displayed on the Batch Release Req'd Tab.