4.1.1 Pair Currency Details Section

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

1. Before you set up the pair currencies for a source, it is desirable to ensure that the following Information is already setup in the system:
   • The source for which the currency pair setup must be maintained has already been set up in the Source Maintenance.
   • The currencies have already been maintained in the Currency Maintenance.
2. On the Pair Currency Details Section screen, specify the fields.
   For more information on fields, refer to the field description table.

   Table 4-2 Pair Currency Details Section - Field Description

   Field	Description
   Pair Currency	Alphanumeric; 3 Characters; Mandatory Select the currency that must be set up as a pair currency for the source, from the drop-down list. An In Currency can be designated as a Pair Currency for a particular reference currency only if the validity period (transition period) for the currency has not commenced. At that point when the validity period commences, no exchange rates can be maintained for this currency. The Pair Currency is already set up for the source; you have to only select the pair currency for which exchange rate needs to be maintained.
   Quotation Mode	Mandatory Select the mode of quotation that will be used to derive the exchange rate for this currency pair from the drop-down list. It could be a direct or an indirect quote.
   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 for this currency pair. This is defaulted to the value specified in the Source Maintenance record for this source, but it can be altered at this stage.
   Quotation Units	Numeric; 5 Characters; Mandatory Specify the units of quotation that must be used in direct rates for this currency pair. This is defaulted to the units specified in the Source Maintenance record for this source. If the mode of quotation specified for the pair is direct, then the default value cannot be altered. If the mode is indirect, then the default value may be altered.
   Currency Disabled?	Mandatory Select Yes option if currency is disabled from the drop-down list. Else select No. If this is Yes, then the Source-Pair combination will not be considered for selecting ModeOfQuotation, QuotationUnits, Fluctuation Allowed while generating Transactions, while enriching exchange rates.