4.1 Create Source Currency Pair

This topic provides the instructions to create Source Currency Pair.

All sources that will be used to derive prevailing exchange rates between any two currencies must be identified in the system, with a unique identification and a profile.

You can maintain these sources through the Create Source Currency Pair screen.

The profile for each source will consist of the following details:

• The unique ID and the name of the source.
• The reference currency associated with this source, against which exchange rates for all other currencies will be derived.
• The default fluctuation percentage that is admissible for this source. Exchange Rates derived from this source can be overridden only within this percentage range.
• Units of quotation for the source reference currency, which will be used for the direct rates

1. Access the Create Source Currency Pair screen by typing View Source Currency Pair in the Menu Item Search option or navigating manually from Menu option.
   Navigate to the Menu, select Investor Servicing and click Create Source Currency Pair within Source Currency Pair.
   The Create Source Currency Pair screen is displayed.

   Figure 4-1 Create Source Currency Pair

   
   

   
   Description of "Figure 4-1 Create Source Currency Pair"

   
   
2. On the Create Source Currency Pair screen, specify the fields.
   For more information on fields, refer to the field description table.

   Table 4-1 Create Source Currency Pair - Field Description

   Field	Description
   Source ID	Alphanumeric; 60 Characters; Mandatory Specify the name of the Source that is to be maintained.
   Source Reference Currency	Alphanumeric;3 Characters; Optional Select the currency that is to be designated as the reference currency for this source. This is the currency in which the rates are to be maintained for the other currencies. An In Currency can be designated as the Reference Currency for a Source only if the validity period (transition period) for the currency has not commenced. At that point when the validity period commences, exchange rates can no longer be captured for this Source. The Reference Currency is defaulted once you select the Source.
   Default Fluctuation Allowed (%)	Numeric; 5 Characters; Mandatory Specify the default percentage by which the exchange rates can be overridden or within which they can be allowed to fluctuate.
   Quotation Units for Reference Currency	Alphanumeric; 27 Characters; Mandatory Specify the units of quotation that must be used for direct rates for the reference currency.

• Pair Currency Details Section
  This topic explains the Pair Currency Details section of the Create Source Currency Pair screen.