This topic provides the systematic instructions to corporate users for booking forex deals, thereby enhancing transparency.

The corporate user can do the spot / forward/swap forex deal bookings at the best prices for the different currency combinations.

The corporate user can also view the indicative exchange rate for selected currencies used in deal booking. However the Deal is booked at the current rate only, not necessarily same as the indicative rate.

The party must have been granted access to book deals.

To initiate forex deal booking:

1. From Dashboard, click Toggle menu, then click Menu , and then click Forex Deal .
   The View Forex Deal Booking screen appears.
2. Click Initiate Deal to initiate a forex deal.
   The Initiate Forex Deal Booking screen appears.

   Figure 3-1 Initiate Forex Deal Booking

   
   

   
   Description of "Figure 3-1 Initiate Forex Deal Booking"

   
   

   Note:

   The fields which are marked as Required are mandatory.

   For more information on fields, refer to the field description table.

   Table 3-1 Initiate Forex Deal Booking - Field Description

   Field Name	Description
   Party Details
   Party ID	The primary party ID of user.
   Party Name	The name of primary party of user.
   Deal Details
   Deal Type	Type of Deal user wants to initiate. The options are: Spot Forward SWAP
   Swap Type	Type of swap deal user wants to initiate. The options are: Spot – Forward Forward– Forward This field is enabled if user selects Swap option in the Deal Type field.
   Duration	The permissible duration or option to choose a specific date for which deal will be valid. The options are: 1 Week 1 Fortnight 1 Month 1 Quarter 6 Month 1 Year Custom: Select the date range This field is enabled if user selects Swap option in the Deal Type field. User can have a date of his own under the custom duration option. Note: In case of Custom option, the total number of days a deal can have should not exceed the limit of 365 days.
   Validity	Displays the number of days as calculated for the selected period or duration. This field is enabled if user selects Forward option in the Deal Type field.
   Currency Pair	List of permissible currency combination in which user can book the deal.
   Transaction Type	Transaction type in which deal is to be booked. The options are: Buy Sell This field is enabled if user selects Swap option in the Deal Type field.
   Buy	The amount to be purchased in the selected currency.
   Sell	The amount to be sold in the selected currency.
   Currency	The currency in which buy or sell of currency transaction is initiated.
   Exchange Rate	The Buy or Sell per unit rate for the chosen currency combination.
   Swap Details	Below fields are enabled if Swap option is selected in Deal Type field.
   Buy	The amount to be purchased in the selected currency. This field is displayed, in case of Sell option is selected in Transaction Type.
   Sell	The amount to be sold in the selected currency. This field is displayed, in case of Buy option is selected in Transaction Type.
   Exchange Rate	The Buy or Sell per unit rate for the chosen currency combination.
   Duration	The permissible duration or option to choose a specific date for which deal will be valid. The options are: 1 Week 1 Fortnight 1 Month 1 Quarter 6 Month 1 Year Custom: Select the date range This field is enabled if user selects Forward option and Forward- Forward option of Swap in the Deal Type field. User can have a date of his own under the custom duration option. Note: In case of Custom option, the total number of days a deal has to be booked, should not exceed the limit 365 days.

3. In the Deal Type field, select the appropriate deal type for forex deal booking.
   Perform one of the following actions:

   • Select Spot.
   • If you select Forward;
     1. From the Duration list, select the appropriate period for which forex deal will be valid.
   • If you select Swap;
     1. In the Swap Type field, select the appropriate option for forex deal.
        1. If you select Spot - Forward;
        2. If you select Forward - Forward;
           1. From the Duration list, select the appropriate period for which forex deal will be valid in Deal Details section.
4. From the Currency Pair list, select the currency combination in which deal is to be booked.
5. In the Transaction Type field, select the appropriate option for forex deal.
   1. If you select Buy;
      1. From the Currency list, select the currency to initiate the transaction with.
      2. In the Buy field, enter the amount user wishes to purchase in that currency.

         The system displays the Exchange Rate.

      Note:

      In the Swap Details section under the sell field the amount and currency gets defaulted of the entered value and the corresponding exchange rate gets displayed.
   2. If you select Sell;
      1. In the Sell field, enter the amount user wishes to sell in that currency.

      Note:

      In the Swap Details section under the buy field the amount and currency gets defaulted of the entered value and the corresponding exchange rate gets displayed.Click on View LimitsBlink to view the daily limit applicable for deals.
6. Perform one of the following actions:
   • Click Initiate to initiate the deal.

     The Review screen appears.

   • Click Cancel to cancel the transaction.
7. Perform one of the following actions:
   • Verify the details, and click Confirm.

     The success message of forex deal booked along with the transaction reference number, host reference number, deal details.

     Click OK.

   • Click Back to navigate back to previous screen.
8. Perform one of the following actions:
   • Click Book Another Deal to initiate another forex deal.
   • Click Back To Dashboard link to go back to dashboard.