9.5 Currency Exchange Rate Validation

Exchange Rate Validation has the following features:

• Movement of historical exchange rates to the Currency Direct Access table.
• Calculation of inverse exchange rates for reporting currencies.
• Calculation of triangulated exchange rates where possible.

Note:

This feature is equivalent to the Rate Validation capability in OFSA 4.5 Rate Manager.

• Features of Exchange Rate Validation
  The goal of exchange rate validation is to ensure that exchange rates from all active currencies to all reporting currencies are available for processing in the OFSAA applications. Some of these rates can come from the validated direct input, others are calculated based on relationships with other rates. To support triangulation, all fixed exchange rates are available for all currencies that make up an exchange that needs to be triangulated. Also, a direct exchange rate between each Child currency and each reporting currency is calculated and supplied to support quick access to exchange rates. If a Child currency is a Reporting Currency, then Exchange Rates are calculated for all currencies having an exchange relationship with the Parent currency.
• Currency Rate Validation
  Load currency rates through the Rate Management or using the Historical Rate Data Loader. The initial status is Not Yet Validated.
• Validating Exchange Rate Relationships
  You must run the exchange rate validation process after adding or modifying exchange rate data. Run the process immediately or schedule one or more to be run in the future.
• Running an Exchange Rate Validation
  You can run a validation immediately or schedule one or more for later. The validation status is displayed in the Currency Rates window of the Rate Management.
• Scheduling One or More Validations
  
• Viewing the Messages
  Any error messages or warnings generated during the exchange rate validation process are displayed in the Log Information window.