The Cross Rate Calculation Rule page allows for the admin to define the Cross Rate Calculation Rule reference data which will capture currency pairs and the corresponding calculation method which will be utilised for transactions that contain two currencies not equal to base where a foreign exchange contract is present. This will ensure that the correct calculation method is used for the rate provided in a Foreign Exchange Contract.
In order to work with Cross Rate Calculation Rules, you must have security rights to maintain reference data.
The fields and controls contained in the Cross Rate Calculation Rule page are described below.
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Cross Rate Calculation Rule Name* |
The name of the Cross Rate Calculation Rule. This field can contain up to 35 characters and is a required field. |
| From currency* | This Currency drop down field will display the currency code and currency description of the Payment Currency |
| To currency* | This Currency drop down field will display the currency code and currency description of the 2nd CCY involved in the transaction |
| Calculation Method* | Operation to be performed on From Currency and To Currency. i.e. (Add, Subtract, Multiply or Divide) |
| Lower Variance* | This will be used to determine if the rate provided is within the lower and upper variance. |
| Upper Variance* | This will be used to determine if the rate provided is within the lower and upper variance. |
| Add 4 More Rows | Pressing this button allows the user to add 4 more rows to the existing twelve rows, if needed. |
| Close | Pressing this button closes the Cross Rate Calculation Rules page without saving any information and returns you to the Reference Data Area with Cross Rate Calculation Rules. |