For a cross currency payment transaction where debit currency and transfer currency are different, exchange rate maintained for the transaction branch in the Core system is considered.

If Small FX limit is defined in HKFPS Inbound Credit Transfer Preferences (PKDICTPF), then the auto rate pick up happens only if the transfer amount is within the small FX limit.

Transfer amount is converted limit currency maintained using midrate of FX rate type linked and limit check is done.

Exchange Rate Type is based on HKFPS Inbound Credit Transfer Preferences' (PKDICTPF), maintained. Buy/Sell indicator is derived by the system based on the currency pair maintenance available.

If the transfer amount is above the small FX limit specified, system checks whether External Exchange Rate is applicable in HKFPS Inbound Credit Transfer Preferences' (PKDICTPF).

If external system is available the transaction details, then system interfaces with external system for receiving the exchange rate along with FX Reference Number.

Based on the response received, exchange rate is populated and further processing of transaction continues.

If Small FX limit is not maintained auto rate pick up is done for all cross currency payment transactions without any limit check.