7.1.3 Collateral currency and child record currency

This topic provides the information on Collateral currency and child record currency.

Wherever collateral currency and child record currency is different (For example, Collateral currency is USD and Inventory currency is GBP) and the exchange rate between these two currencies undergoes a change, then the currency revaluation batch revaluates all such collaterals and updates the collateral value as part of end of batch process. After revaluation, amount in collateral currency field at each child level is updated with the revaluated price of the child.

Same is extended when multiple currencies are involved as in the case of Account receivable type of collateral where different currencies can be considered for collateral, account receivable and invoices attached to account receivable.