6.1.4 Maintain CLS Currency Preferences for the Branch

This topic provides the systematic instructions to Maintain CLS Currency Preferences for the branch.

To maintain CLS preferences exclusively for currencies that are allowed to participate in CLS trading. You may use the CLS Currency Details screen available in the Application Browser for defining the CLS preferences.

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

   CLS Currency Maintenance screen is displayed.

   Figure 6-3 CLS Currency Maintenance

   
   Description of the illustration fsdclscd__cvs_main.jpg
2. On the CLS Currency Maintenance screen, click New.
3. On the CLS Currency Maintenance - New screen, specify the details as required.
4. Click Ok to save the details or Cancel to close the screen.

   For information on fields, refer to the below table

   Table 6-2 CLS Currency Maintenance - Field Description

   Field	Description
   Currency	Select the currency for which CLS details needs to be maintained. The preferences are maintained for a branch and currency combination. The option-list will display only those currencies that are marked as a ‘CLS Currency’ in the ‘Currency Definition’ screen.
   Trade Cut-off Days	As a CLS preference, you have to maintain the cut-off days within which a CLS deal is completed. For instance, if you are on 1st Apri08 (current date) and you have maintained two days as the cut-off period, the value date of an FX deal should not be less than 03-Apr-2008, assuming that 02-Apr-2008 is a working day for both the CLS Bank and the deal currency. If the trade is made after the cut-off days, the system will display an override message stating the cut-off date has passed. If you select ‘OK’ for the override, the deal is saved as a CLS deal. Otherwise, it is considered as a non-CLS deal.
   Trade cut-off time in hours.	If you enter into an FX deal on the trade cut-off date (current system date), the system will check the cut-off time for the currency. On the cut-off date, the deal is done within the cut-off time. The time is with respect to the branch time zone
   Trade Cut-off Minute	Specify the trade cut-off time in minutes.
   Cancellation Cut-off Days	Specify the cut off days for canceling a CLS deal. Cancellation of CLS deal is done before the cancellation cut-off date and time. If the cancellation is done on the cancellation cut-off date (equal to the current date), the system will validate that the cancellation time on the cut-off date is within the cut-off time maintained for the currency. The time is concerning the branch time zone. If the cancellation is done after the cancellation cut-off date/time, the system will display an override message stating that the cancellation cut-off date/time has passed. If you select ‘OK’, the deal will get canceled. If you select ‘Cancel’ for the override, the deal will not get canceled.
   Cancellation Cut-off Hour	Specify the cut-off cancellation time in hours.
   Cancellation Cut-off Minute	Specify the cut-off cancellation time in minutes.
   Funds Completion Cut-off Days	Here, you have to capture the cut-off funding period for a deal. This will ensure that the funds are made available before the settlement date of the deal. This value will be used only for information purposes. Again, the time is with respect to the branch time zone.
   Funds Completion Cut-off Hour	Specify the cut off time in hours for the making the funds available.
   Funds Completion Cut-off Minute	Specify the cut off time in a minute for the making the funds available.

5. On the CLS Currency Details screen, click Fields.

   User defined Fields screen is displayed.

   Figure 6-4 User defined Fields

   
   Description of the illustration stccuacc__cvs_udf.jpg
6. On User defined Fields, enter the value for the UDFs listed here in the Value column.

   For more details on how to create user Defined fields, refer to the User Defined Fields User Manual, chapter Creating custom fields in Oracle Banking Treasury Management under Modularity.