11.3 Initiating the Automatic Contract Update Function

For any event involving accounts in a foreign currency, this function uses the conversion rate in the Currency table for converting the amount to the local currency.

Note:

Ensure that you update the conversion rates in the Currency table with the rates for the day before you execute the Automatic Contract Update function.

This topic contains following sub-topics:

• Processing during Beginning of Day
  
• Processing during End of Day
  
• Processing for Holidays