Please contact your Client Relationship Manager if you would like this to be switched on for you.
Once the feature has been switched on, you will see a new tile called ‘Fixed FX Rates’ in your Settings and will be able to set up and manage your fixed FX rate from there.
1. Select the currencies from the dropdown list
2. Select the date you wish to start using the rate.
3. Enter the buy rate. If you don’t enter any rate, the system will automatically generate a rate for you.
4. Click Add Fixed Rate. The sell rate will automatically be calculated and added based on the buy rate entered.
All transactions added from the date entered will apply this FX rate as opposed to the automatic system-generated rate.
Multiple pairings can be added, with different dates so that they begin at a set point in time.
All transactions added from the date entered will apply this FX rate as opposed to the automatic system-generated rate.
If a pairing is added that already exists with the same date, the existing one will be adjusted, and an additional line is not added.
The application is based on the added-by date, not the transaction date (this is how the automatically applied rate currently works).
An audit log will be added to show pairing additions and removals; this list will sit below the Fixed FX Rate table. Audit details will work in the same way as they do across the rest of the system; details of the date/time, user and action will be listed and non-editable.
The audit log will show every movement, including historic rates, however, historic rates will not be shown within the table (only current and future rates).
Still have questions?
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