To enter new Netting FX Rates

1. On the CitiDirect navigation bar, click Maintenance, and then click Netting FX Rates.  The Netting FX Rates Summary form appears.

2. Click the Input/Modify Tab.  All FX Rates to which you are entitled are listed.

3. Click New.  The Netting FX Rates Input Detail Form appears.

4. The Netting Center Name, Netting Center ID, and Base Currency fields are populated from your Netting Center Control information.

5. The Period field defaults to the current period.

6. In the Spot Rate field, enter the FX rate.

7. In the Rate Method field, click the drop-down arrow and select either "B" (Base/Exchange) or "E" (Exchange/Base).

8. In the Exchange Currency field, click the Library Look-Up button and select a currency code.

9. The Booked Locally check box is checked to indicate that the exchange currency is booked with Citibank.  Clear the check box if the exchange currency is not booked with Citibank.

10. In the Forward Rate 1 through Forward Rate 24 fields, enter any forward rates.

11. Click Submit.  The Netting FX rate moves to the next step in the process as defined by Flow Control requirements.

Notes:

• If no Netting Center Bank Details are specified for the selected currency, a warning message appears.  If no Netting Center Bank Details are defined, then nothing appears on the Participant's reports for any transactions that are in a payable position for that currency.

• To return to the summary form, click Return to Summary.

• To go to the Manage Netting Cycle Form, click Other Options, and then click Manage Netting Cycle.  Click here for information on Manage Netting Cycle.

• To print the details of the current FX rate, click Other Options, and then click Print.