4.17.1 Example on Payment Currency and Minimum Payment Amount Maintenance

This topic gives an example on Payment Currency and Minimum Payment Amount maintenance.

The system validates the minimum payment amount specified for each payment currencies during payment processing.

If minimum payment amount is not maintained then the system considers the minimum amount as zero.

Assume that in FCIS Minimum Commission Payment Amount Maintenance Detail screen, the payment currency and minimum payment amount is maintained as follows:

Table 4-21 Example on Payment Currency and Minimum Payment Amount maintenance

Currency	Minimum Payment Amount
ZAR	150
USD	100
GBP	0

Then the system will make the broker commission payment as follows:

• If the commission payment currency is ZAR, then system transfers the money to the broker if the commission amount is greater than or equal to 150 ZAR.
• If the commission payment currency is USD, then system transfers the money to the broker if the commission amount is greater than or equal to 100 USD.
• If the commission payment currency is GBP, then system transfers the money to the broker if the commission amount is greater than Zero.
• If the minimum payment amount is not maintained for any of the currency, then system will pay the broker if the commission amount is greater than Zero.

System uses the default exchange rate for conversion.