1. Asset Liability Management User Guide
  2. Oracle Asset Liability Management Process
  3. Activating Currencies and Loading Exchange Rates
  4. The Functional Currency

8.6.2 The Functional Currency

At the time of installation, Rate Management requires the installer to designate a functional, or primary currency for the organization (stored in the FSI_DB_INFO table). A German multinationalbank would, therefore, designate the Euro as its functional currency. Only one functional currency is allowed per organization, and once assigned it cannot be changed. The functional currency is both an active and a reporting currency.