1.2 Generic Attributes for Foreign Exchange Deals

This topic provides the systematic instructions are to classify the different foreign exchange deals.

In Oracle Banking Treasury Management, you can classify the different foreign exchange deals that you enter as Products.

If your bank enters into spot deals in GBP against USD, you can classify such deal type as a product.

1. You can define the generic attributes of the deal type while defining a product, such as:
   1. The type of GLs that would be involved (Asset, Liability, Contingent Asset, Contingent, Liability, etc.).
   2. The GLs (under the GL Type) to which the accounting entries are posted
   3. The advices generated for the benefit of the counterparty
   4. The method of revaluation (If revaluation of deals are required)
   5. Process Brokerage based on requirement.

   All deals in GBP-USD, acquire the generic attributes defined for the GBP-USD product. However, modification of specific attributes is allowed during deal processing.

   Creating products not only saves time, but also helps you to:

   • Retrieve information relating to deals of a particular type (say spot deals in GBP-USD)
   • Retrieve information relating to a particular deal
   • Track deals for MIS purposes
   For more details on currency exchange rates, refer to the Core Services User Manual, chapter: Maintaining Exchange Rates.