16 Forex Deal
This topic enables users to buy or sell foreign currency at agreed exchange rates for payments, conversions, or hedging purposes.
A Forex Deal in OBDX allows corporate users to buy or sell foreign currency for supported currency pairs at predefined exchange rates. It is primarily used for cross-border payments, currency conversion, and hedging foreign exchange risk.
The system supports different deal types such as Spot (immediate settlement), Forward (future-dated settlement), and Swap (combination of buy and sell deals). Users can book deals, view details, and utilize them in payment transactions.
Each forex deal is defined by key attributes like deal type, currency pair,
buy/sell indicator, amount, exchange rate, and value date. Once confirmed, the system
generates a deal reference number, and the deal can be linked to relevant transactions.
Note:
- Approval is not applicable to FX deal booking transactions.
- Limits are not applicable for FX deal booking transactions.
Navigation Path
- From the Dashboard, click Toggle menu, click Menu, then click Forex Deal. Under Forex Deal, click Book Deal.
- From the Search bar, type Forex Deal - Book Deal and press Enter.
- Book Forex Deal
This topic describes the systematic instructions to buy or sell foreign currency at a selected exchange rate for immediate or future transactions. - View Forex Deal
This topic provides information of booked forex deals, including rates, amounts, and status.