2.4 Foreign Exchange Yield Calculation Parameters Maintenance

This topic provides the systematic instructions to capture the Foreign Exchange Yield Calculation Parameters Maintenance.

The currency-wise details of specific bank code consisting of the specific Day Count Denominator for the effective interest rate are utilized for processing the FX contract creation.

1. On the Home page, type in the text box, and click the next arrow.

   FX Yield Calculation Parameters Maintenance screen is displayed.

   Figure 2-3 FX Yield Calculation Parameters Maintenance

   
   Description of the illustration fxdyldcp_cvs_main1.jpg
2. On the FX Yield Calculation Parameters Maintenance screen, specify the details as per requirement to maintain the yield Calculation Parameters details for the selected bank code.

   For information on fields, refer to the below table

   Table 2-2 FX Yield Calculation Parameters Maintenance - Field Description

   Field	Description
   Bank Code	Specify the Bank Code applicable for the maintenance
   Bank Description	Provide the Bank description based on the selected bank code
   Currency Code	Specify the Currency code for the maintenance
   Day Count Method Denominator	Specify the Day Count Method Denominator which is used for the corresponding Currency Code

   The following are the Day Count Denominator methods supported for the Yield Calculation of FX contracts

   Table 2-3 Day Count Denominators

   Day Count Denominator	Considered Year Days Value Used in the Formula	Interest Method for Effective Interest Rate (EIR)Calculation
   360(Default)	360	Actual/360
   365	365	Actual/365
   364	364	Actual/364
   Actual	365 – In case of a non-leap year 366 – In case of a leap year	Actual/Actual

3. Click Save to save the details or Cancel to close the screen.

   Information Message screen is displayed.

   Figure 2-4 Information Message

   
   Description of the illustration fxdyldcp_cvs_parameters_maintance.jpg
4. On the Information Message screen, click Ok to Authorize the Maintenance Record after saving.

   Information Message with Authorization is displayed.

   Figure 2-5 Information Message with Authorization

   
   Description of the illustration fxdyldcp_cvs_parameters_maintance_authorized.png
5. On the Information Message screen, click Ok to complete the authorization.

   Note:

   Delete, Unlock, Close, Reopen operations are also supported for the screen. Maintenance Record must be in open and authorized status for it to be applicable.