1. Cash Flow Engine Reference Guide
  2. Cash Flow Calculations
  3. Cash Flow Calculation Process
  4. Initializing Schedule Records
  5. Translation (Non-Currency-Based Processes)

7.8.5.4 Translation (Non-Currency-Based Processes)

Similar to the considerations discussed earlier under Initializing Instrument Records, if the process is non-currency-based, the scheduled payment amount must be translated from the Local Currency to the Reporting Currency. The Cash Flow Engine uses the exchange rate in effect at the As of Date, based on the Local Currency stated in the Instrument Record associated with this schedule record.