1.15.1 Create Currency Spread Definition

This topic describes the systematic instructions to maintain the spread for the branch and currency pair wise.

  1. From Home screen, click Core Maintenance. Under Core Maintenance, click Currency Spread Definition.
  2. Under Currency Spread Definition, click Create Currency Spread Definition.
    The Create Currency Spread Definition screen is displayed.

    Figure 1-33 Create Currency Spread Definition


    Description of Figure 1-33 follows
    Description of "Figure 1-33 Create Currency Spread Definition"

  3. Specify the fields on the Create Currency Spread Definition screen.

    Note:

    The fields marked as Required are mandatory.
    For more information on fields, refer to the field description table.

    Table 1-33 Create Currency Spread Definition – Field Description

    Field Description
    Branch Code Specify a branch code.
    Currency1 Click Search icon to view and select the required currency of currency pair.
    Currency2 Displays the currency of currency pair.

    The value based on the currency 1 selection
    Spread Definition Auto filled from currency pair definition screen (based on the Currency selection).
    The options are:
    • Percentage:Spread/100 x mid rate
    • Points:Spread x points multiplier
    Points Multiplier Displays the Points Multiplier.
    Quotation Displays the quotation.
    The options are:
    • Direct
    • Indirect
    + button Click this icon to add the details for currency rate.
    Rate Type Code Click this Search icon to view and select the required rate type. Specify the currency rate types from Currency Rate Type Maintenance. Alternatively, you can select the currency rate type from the option list. The list displays all the currency rate type maintained in the system.
    Buy Spread Specify the buy spread values for the selected branch and currency pair.
    Sale Spread Specify the sale spread values for the selected branch and currency pair.
  4. Perform one of the following action:
    • Click Save to save the details.

      The Currency Spread Definition is successfully created and can be viewed using the View Currency Spread Definition screen.

    • Click Cancel to discard the changes and close the screen.

Parent topic: Currency Spread Definition