Understanding Multicurrency Credit and Collections Setup

When you set up credit and collection policies in a multicurrency environment, the system displays a Currency Code field on each of these forms:

• Credit Insurance Definition

• Notification Instructions

• Fee Instructions

The purpose of this currency code is to indicate the currency of an amount.

On Credit Insurance Definition, the Currency Code fields are used to specify:

• The currency of the insured amount.

• The currency of the insurance premium.

On Notification Instructions and Fee Instructions, the Currency Code field is used to specify the currency associated with the minimum amount that the system uses to determine whether to generate a delinquency notice or fee. The currency code does not indicate the currency in which the fee or delinquency notice is generate