4.7 FX Purchase Against Walk-in

The FX Purchase Against Walk-in screen is used to buy a foreign currency from a walk-in customer in return for the equivalent amount in the local currency.

To buy a foreign currency from a walk-in customer:

1. On the Homepage, from Teller mega menu, under Customer Transaction, click FX Purchase - Walk-in or specify FX Purchase - Walk-in in the search icon bar and select the screen.
   The FX Purchase Against Walk-in screen is displayed.

   Figure 4-8 FX Purchase Against Walk-in

   
   

   
   Description of "Figure 4-8 FX Purchase Against Walk-in"

   
   
2. On the FX Purchase Against Walk-in screen, specify the fields. For more information on fields, refer to the field description table.

   Table 4-8 FX Purchase Against Walk-in

   Field	Description
   Amount Bought	Select the applicable currency from the drop-down list, and specify the amount bought from the walk-in customer.
   Currency Paid	Select the currency that you have paid to the walk-in customer. Note: You can select the appropriate code from the list of values that displays all the currency codes maintained in the system.
   Allow Denom Variance	Select if the denomination-wise variance needs to be applied for the transaction. Note: If the parameter at function code indicator is set as Y, this option will be selected by default, and it can be modified. If the parameter at the function code indicator is set as N, then this option will be disabled.
   Beneficiary Name	Specify the name of the beneficiary walk-in customer.
   Beneficiary Address 1 to Beneficiary Address 4	Specify the address of the beneficiary walk-in customer.
   Identification Type	Select the type of identification provided by the walk-in customer from the drop-down list.
   Identification Number	Specify the identification number provided by the walk-in customer.
   Exchange Rate	Displays the exchange rate used to convert the transaction currency into account currency, and it can be modified. Note: This field is displayed only if Multi-Currency Configuration at Function Code Indicator level is set as Y.
   Negotiated Exchange Rate	Specify the negotiated exchange rate that should be used for foreign currency transactions between the treasury and the branch. You need to specify the negotiated exchange rate only when the currencies involved in the transaction are different. Note: This field is applicable only if the transaction involves cross currency and only if cross currency enabled and Negotiated_Rate_Enabled Configuration at Function Code Indicator level is set as Y.
   Negotiated Reference Number	Specify the unique reference number that should be used for negotiation of cost rate, in foreign currency transaction. If you have specified the negotiated cost rate, then you need to specify the negotiated reference number also. Note: Accounting system books the online revaluation entries based on the difference in exchange rate between the negotiated exchange rate and transaction rate.
   Amount Paid	Displays the amount paid and currency to the customer. Note: The currency of the amount paid is defaulted from the received currency. The Amount Paid will be calculated based on the Amount Bought and the Exchange Rate. This field is displayed only if Multi-Currency Configuration at Function Code Indicator level is set as Y.
   Total Charges	Displays the total charge amount, which is computed by the system in the local currency of the branch. Note: This field is displayed only if Multi-Currency Configuration at Function Code Indicator level is set as Y.
   Narrative	Displays the default narrative as FX Purchase (Walk-in), and it can be modified.

3. Specify the charge details. For information on the fields in the Charge Details segment, refer to Charge Details.
4. Specify the FX In Denomination details. For information on the fields in the FX In Denomination Details segment, refer to Add Denomination Details.
5. Specify the FX Out Denomination details. For information on the fields in the FX Out Denomination Details segment, refer to Add Denomination Details.
6. Click Submit.
   A teller sequence number is generated, and the Transaction Completed Successfully information message is displayed.

   Note:

   The transaction is moved to authorization in case of any approval warning raised when the transaction saves. On transaction completion, the teller cash position is updated based on the currency of the Amount Bought and the Amount Paid fields. For more information on transaction submission and validations, refer to Step 5 in Cash Deposit.