5.5 Process Source Currency Pair Maintenance Detail

This topic provides the systematic instructions to maintain exchange rate sources.

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.
  1. On Home screen, type UTDSORCE in the text box, and click Next.
    The Source Currency Pair Maintenance Detail screen is displayed.

    Figure 5-5 Source Currency Pair Maintenance Detail


    Description of Figure 5-5 follows
    Description of "Figure 5-5 Source Currency Pair Maintenance Detail"

  2. 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.
    • The pair currencies for which the exchange rates will be captured against the reference currency. This setup can be maintained in the Pair Currencies Details section of the Source Currency Pair Maintenance Detail screen and is discussed later on this topic.
  3. Before you maintain an exchange rate source in this screen, it is desirable to ensure that the currencies must be set up in the system in the Currency Maintenance.
  4. On Source Currency Pair Maintenance Detail screen, click New to enter the details.
    For more information on fields, refer to the field description table.

    Table 5-3 Source Currency Pair Maintenance Detail - Field Description

    Field Description
    Source Information Section

    The section displays the following fields.
    Source ID Alphanumeric; 6 Characters; Mandatory

    Specify a unique identification for the Source that is to be maintained.
    Source Name Alphanumeric; 60 Characters; Mandatory

    Specify the name of the Source that is to be maintained.
    Source Reference Currency Details

    The section displays the following fields.
    Source Reference Currency Alphanumeric; 3 Characters; Mandatory

    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
    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.
    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.

Source Mapping

It displays the lists of FMG and Agency branch modules mapped to the Exchange Rate source.

  1. Click Source Mapping to view the mapped FMG and AGY Modules.
    The Source Mapping screen is displayed.

    Figure 5-6 Source Currency Pair Maintenance Detail_Source Mapping Button


    Description of Figure 5-6 follows
    Description of "Figure 5-6 Source Currency Pair Maintenance Detail_Source Mapping Button"

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

    Table 5-4 Source Mapping - Field Description

    Field Description
    Source Mapping Display
    • Source ID
    • Source Name
    Source ID Display

    The system displays the specified Source ID.
    Source Name Display

    The system displays the specified source Name.
    FMG Module Mapped
    The system displays the mapped FMG Module with following fields.
    • Installation ID
    • Module ID
    Installation ID Display

    The system displays the Installation ID.
    Module ID Display

    The system displays the Module ID.
    AGY Module Mapped
    The system displays the mapped AGY Module with following fields.
    • AGY Module ID
    • Agent Code
    • Branch Code
    AGY Module ID Display

    The system displays the AGY Module ID.
    Agent Code Display

    The system displays the agent code.
    Branch Code Display

    The system displays the branch code.

Parent topic: Maintain Currencies