5.8.1 Save an FX Contract

You should give valid inputs in all the mandatory fields. If not, you cannot save the contract. After you have finished giving all your inputs, save the contract using one of the following methods:

• Click on save icon in the Toolbar; or
• Select ‘Save’ icon.

At the time of saving a Foreign Exchange contract, certain information about the Foreign Exchange contract will be passed to the FATCA accounts and obligations maintenance for the customer. This will be done if the beneficiary account’s customer has a reportable FATCA classification and if the Foreign Exchange product used to book the contract is present in the FATCA Products and account class and Instruments maintenance.

If the FX contract is closed or liquidated completely, then the corresponding row in FATCA accounts and obligations maintenance will be archived. If you delete the FX contract before authorization, you should also delete the corresponding entry in FATCA accounts and obligations maintenance.