1.15 Currency Spread Definition

This topic describes the information to enable the Buy / Sale spreads defined for each Branch, Currency pair and Rate type combination.

This gives a flexibility to define exchange rates, as spreads do not change frequently. By maintaining a common spread, currency exchange rate input becomes easier, as users only need to enter the mid rates.

Note:

This maintenance is applicable only for those branches which has a separate exchange_rate maintenance (Ie) Branches with <Use Head Office Exchange Rate> as (N)

This topic contains the following subtopics:

• Create Currency Spread Definition
  This topic describes the systematic instructions to maintain the spread for the branch and currency pair wise.
• View Currency Spread Definition
  This topic describes the systematic instructions to view the list of currency spread maintenance.