1. Generic Wires ISO User Guide
  2. Generic Wires ISO Outbound Transaction
  3. Outbound Transaction Processing
  4. Exchange Rate/FX Processing

Exchange Rate/FX Processing

If the Debit Currency is different from Transfer Currency, then the flag ‘External Exchange Rate Required” is referred from the Cross-Border ISO Network Preferences maintenance for the Host code, Network code, and Transaction Type as ‘Outgoing’ combination.

If the flag is set as Yes, then the ‘External Exchange Rate System’ is picked up from the External Exchange Rate mapping maintenance (PMDERMAP). An External Exchange Rate request XML is sent to the external exchange rate system, and a record is logged into the Exchange Rate Queue (PQSEXEXQ) with Queue Code as ‘External Exchange Rate Queue’.

If the flag is set as No, then
  • The 'FX Rate Type' value defined in the Outbound Generic Wires ISO Inbound Network Preference (PSDOGWNP) is referred.
  • The credit amount is derived based on the 'FX Rate Type' value and using BUY rate. This amount derivation is done on Enrich user action for manually inputted transaction.

Parent topic: Outbound Transaction Processing