4.5.1 Exchange Rate Enrichment for Exchange Rate Incomplete Transactions

This topic provides information on Exchange Rate Enrichment for Exchange Rate Incomplete Transactions details.

When you enter a transaction request from an investor into the system (in the Transaction Details screens), you can save the transaction without specifying an exchange rate, in cases where the exchange rate for the source selected for the transaction has not been uploaded or is unavailable.

Whenever you do not enter the exchange rate, the transaction is saved as an exchange rate incomplete transaction.

Further, an exchange rate incomplete transaction can be authorized, and the exchange rate completed or entered subsequently, after authorization.

Transaction Enrichment

The process of entering the exchange rate for an exchange rate incomplete transaction is known as Exchange Rate Enrichment.

Why must enrichment be performed?

A transaction can only be picked up by the End of Day process for allocation of units only if it is authorized and all necessary details are present in the transaction record. If the exchange rate is not available, the equivalent transaction amount in fund base currency cannot be computed. In the event of the transaction being authorized before the exchange rate details are specified, it must be made “exchange rate-complete” before it can be picked up subsequently for allocation.

When to perform enrichment?

Exchange rate enrichment must be performed as a mandatory procedure before an exchange rate incomplete transaction is allocated. Exchange rate enrichment must also be performed for authorized transactions generated due to a standing instruction.