Guidelines for Using a Reference Currency for Standalone Selling Prices

Keep in mind these tips and considerations when using a reference currency:

• The reference currency is an application-wide setting and applies to all ledgers defined within Revenue Management.
• You can enable or disable the option at any time. Changes to the settings apply to new and unprocessed lines beginning with the change date.
• The application uses reference currency attributes assigned to a contract at the time of contract creation throughout the contract's life cycle, in addition to any additional activities such as contract modifications.
• Use the Discard Customer Contract process to clear a contract's assigned pricing dimension combination and standalone selling price. If you run the Identify Customer Contracts process again, the application determines the pricing dimension combination and standalone selling price using the current reference currency settings.
• For source document lines, if the application obtains the unit standalone selling price from the source application, Revenue Management uses that unit standalone selling price for the line, regardless of the reference currency settings.
• The application assigns standalone selling prices to implied performance obligations based on the standalone selling price profile of the implied obligation's item or memo line. When you enable the Enable Reference Currency option, the application uses the reference currency rate date of the implied obligation's related line when evaluating and assigning pricing dimension amount band segment values.
• When you use the immaterial change function to add a new performance obligation to an existing contract, the application uses the reference currency rate date on the new source document line or its header, when available. If the reference currency rate date isn’t available, the application uses the contract revision date of the source document line as the reference currency rate date.