8.3 Initiate the Automatic Contract Update Function

This topic describes how to inquire the Automatic Contract Update function.

Inquire the Automatic Contract Update function from the Application Browser. For any event involving accounts in a foreign currency, this function will use the conversion rate in the Currency table for converting the amount to local currency.

Note:

Ensure that you update the conversion rates in the Currency table with the rates for the day before you execute the Automatic Contract Update function.

This topic contains the following:

• Process During Beginning of Day
  
• Process During End of Day
  
• Process for Holidays